Head of Financial Crime Risk Stewardship, India

Some careers grow faster than others.

If you’re looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC.

Overview

The Financial Crime function is a Second line of defence (LOD) function that includes ”Risk Stewards” who are independent of the commercial risk-taking activities undertaken by the Group’s businesses (also referred to as “the First LOD”). These Risk Stewards are responsible for reviewing and challenging the activities of the the First LOD to ensure that, as “Risk Owners”, they effectively manage the financial crime risk inherent in, or arising from, the conduct of their activities and for which they are responsible. Financial crime risk is a non-financial risk that includes fraud, money laundering, bribery and corruption, sanctions violations, terrorist financing, proliferation financing, export control violations and tax evasion.  The Financial Crime function operates in accordance with HSBC Group’s Risk Management Framework (RMF).

Role purpose  

• The Head of FC Risk Stewardship, India is the accountable executive focused on and responsible for ensuring that operations are effective to ensure HSBC India effecitvely identifies, manages and mitigates the Anti-Money Laundering (AML), Anti-Tax Evasion Facilitation (ATEF), Anti-Bribery & Corruption (ABC), Terriorist Financing and Poliferation financing ( hereafter collectively referred to as “AML” in this job description), Fraud and Sanctions risk faced by India across all lines of buesinesses and Group Infrastructure.
• Reporting to Head of Financial Crime, India on both entity and functional basis.

Principal Accountabilities and Responsibilities

• Provide strategic direction and guidance with respect to Financial Crime Risk Stewardship including the development and implementation of a robust Risk management framework.
• The articulation of HSBC India risk appetite and policies with respect to FC Risk Stewardship. 
• Accountable to implement policy for Financial Crime Risk Management framework across all risk types to meet requirements and legislation in the market.
• Provide thought leadership, guidance and support to the Lines of Business and Group Infrastructure to ensure an appropriate culture is embedded to identify and mitigate Financial Crime Risk in HSBC India.  Accountable for oversighting the Bank’s overall Financial Crime Risk strategy, policy and standards, controls, and systems at the HSBC India level.
• Act as the Subject Matter Expert in Risk Steward providing independent advice and challenge to the Lines of Business and Group Infrastructure across all FC risk types.
• Responsible for advising and guiding in setting FC Risk appetite and performing oversight activities.
• Engagement with Risk Teams to ensure FC risk is assessed and managed appropriately.
• Develop a robust communications strategy supporting the awareness of FC Risks and Policies across the Lines of Business and Group Infrastructure, including Risk and Compliance.
• Provide support to drive Regulatory and cross-Industry engagement and innovation in tackling the challenges posed by FC Risks.
• Drive Regulatory and cross-Industry engagement and innovation in tackling the challenges posed by FC Risk.
• Act as key point of escalation for internal and external stakeholders in relation to FC Risk Stewardship.
• Lead the team to work with Lines of Business and Group Infrastructure to ensure consistent and effective application, and implementation, and controls to evidence related to FC standards, policies and procedures.
• Work with other market FC RS in identifying new typologies and carry out read across in the market and share information on new typologies to fellow RS

Impact on Business

• Leadership to ensure proactive approach is taken to the identification of any changes in the financial crime risk profile and potential impacts across HSBC India.
• Development and continuous review for appropriateness of FC related control framework to monitor financial crime risk developments impacting HSBC India.
• Leadership to drive, develop and implement programmes to quantify impacts and implement actions to address, manage and mitigate impacts of financial crime related regulatory changes, across HSBC India.
• Highlight new risk theme typology to business team and help business on their growth strategy.

Customer / Stakeholders

• Ensure that HSBC India and Regional Financial Crime, Business and Group Infrastructure senior management are appropriately advised of material financial crime and related reputational matters.
• Manage and foster a strong relationship with regulators in India (RBI, SEBI, FIU-IND etc) and ensuring timely disclosure of relevant information on financial crime related matters.
• Ensure that positive relationships are maintained with other external stakeholders relevant to the financial crime risk agenda.
• Develop and maintain a strong and professional working relationship with executive and senior management of Risk, Audit and Finance across HSBC India and at regional l levels

Leadership and Teamwork

• Provide leadership to, and develop, the Financial Crime function for HSBC India including close collaboration and liaison with Financial Crime leadership at regional and local levels.
• Maintain and develop positive and professional working relationships with senior business and Group Infrastructure leaders and Risk and Compliance colleagues across HSBC India.
• Create an environment for the delivery of consistent performance measurement, training, career management and succession planning across the function.
• Establish a strategy for the sharing of financial crime risk knowledge and best practice across HSBC India.
• Ensure development activities are a core priority and enable all team members to take reasonable time for learning and developmental activities including taking a hands-on approach to coaching with regular & productive use of Personal Development Plans and appropriate follow-up.

Identification, Measurement and Assessment of Financial Crime Risk:

• To support Investigations, Risk Assessment and Financial Crime Detection through research, analytics and technology encompassing data capture and processing, visualisation and network analysis, proactive data analytics capabilities and thematic research.
• Working with regional Financial Crime to provide an industry leading Financial Crime capability leveraging the resources within the Detection, Investigations and Risk Stewardship teams within the Financial Crime Centre of Excellence to provide a consistent and fungible financial crime capability supporting HSBC India.
• Achieve effective FC risk management by focusing on the end-to-end development and implementation of customer and product monitoring controls, coordinating the efforts of risk stewards, risk owners and control owners.

Functional Knowledge

• Significant financial crime experience as a regulator, investigator, or a senior financial crime manager within a global firm, in the financial services industry, with subject matter expertise and experience in delivering FC risk management
• Successful track record in strategic leadership and influencing is essential, in particular the application of this skill in areas outside their direct span of control.
• Significant knowledge of a financial crime risk framework and experience in its execution, together with knowledge of HSBC business and products.
• A background or deep understanding of operational risk is also highly desirable.
• Track record of resilience and confident challenge when in dealing with senior stakeholders to influence change without direct responsibility for resources or budget.
• Experience of dealing with regulatory matters and confident interaction with Regulators.
• Experience of creating, leading and motivating a team.
• Experience of working within a matrixed environment preferred.
• Significant leadership experience and an experienced strategic thinker.
• Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.

Skills

• Role model leadership, communication and influencing skills, with experience of dealing with executives at all levels including the capacity to articulate the case for risk management and policy in the language of business.
• Ability to develop practical, cost-effective solutions to what are often complex global issues.
• Ability to lead change, coordinating with other teams globally.
• Ability to interpret and analyse a large volume of information and / or data and provide succinct summary for senior management.
• Ability to prioritise conflicting demands and problem solve in a dynamic environment.

HSBC Values

• The role holder is expected to uphold the HSBC values (we value difference, we take responsibility, we succeed together, and we get it done) and promote a “speak-up” culture.

Opening up a world of opportunity

http://www.hsbc.com/careers 
 
HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.
 
Issued by The Hongkong and Shanghai Banking Corporation Limited.