Chief Control Officer, Regulatory Engagement and Money Laundering Compliance Officer

If you’re looking for a career that will help you stand out, join HSBC, and fulfil your potential - whether you want a career that could take you to the top, or an exciting new direction, we offer opportunities, support and rewards that will take you further.

We’re one of the largest banking and financial services organisations in the world, with a network that covers more than 50 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people fulfil their hopes and realise their ambitions.

HSBC Global Private Banking (GPB) is a leading international private bank for business owners and their families. It provides clients with wealth, business, and family succession solutions in the largest and fastest growing markets around the world.

We are currently seeking a high calibre professional to join our Trust and Fiduciary Services (TFS) team in Jersey (Channel Islands) as Chief Control Officer, Regulatory Engagement and Money Laundering Compliance Officer.

The TFS business in Jersey is the primary centre for the management of planning solutions for Ultra High Net Worth clients based in one of GPB’s key growth markets, the Middle East, with significant connectivity across Asia and the UK.

The role holder is accountable to direct, lead and facilitate the implementation of HSBC Risk Management Framework from a 1st line of defence, regulatory engagement, and act as Money Laundering Compliance Officer (“MLCO”) for clients impacted by Schedule 2 activities. Under Schedule 2, TFS CI acts as Anti-Money Laundering Service Provider (“AMLSP”) for Private Trust Companies (“PTCs”). The overall purpose of the role is to ensure that the business can respond swiftly and proactively to new and changing regulations whilst also supporting with ongoing regulatory compliance.

There is a significant level of strategic leadership expected to fulfil this role, including the ability to challenge and influence internal stakeholders, manage multiple priorities, and adequately communicate progress to internal and external stakeholders both locally and globally.

Reporting to the Chief Operating Officer (“COO”), the role holder will be the lead and key point of contact within the business for risk management and regulatory matters and will deputise for the COO in relevant meetings and Governance committees.

As an HSBC employee in the Channel Islands and Isle of Man (CIIOM) you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all employees, enhanced parental and adoption pay and support when you return to work, and a non-contributory pension scheme with a generous employer contribution.

In this role you will:

• Lead and support the implementation of regulatory change considering the impact on business processes and systems, ensuring ongoing compliance with regulatory. Liaise with subject matter experts across the business including Legal, Trust Advisory, Compliance, Tax, etc to effectively deliver any changes required.
• Act as the AMLSP MLCO covering specific requirements under the Schedule 2 activities (currently only PTCs) which will include annual review of PTCs Business Risk Assessment (BRAs), compliance monitoring plans, and overall compliance with regulatory requirements.
• Lead the Chief Control Office team to support ongoing adoption of the HSBC Risk Management Framework. The role is responsible for the TFS CI Business Control Committee pack and act as a delegate chair.
• Support with regulator engagement activities including production of meeting packs and drafting of notifications.
• Lead the production of appropriate, measurable, and achievable action plans.
• Train and empower the wider COO and front office teams to assist and support with regulatory change deliverables, providing training and supervision, where necessary.
• Coordination and oversight of training sessions to colleagues in the business where needed.
• Maintain close collaboration with Group, Channel Islands and global TFS stakeholders to ensure TFS compliance with latest policies, guidelines, and ongoing business directives for overall TFS senior management.     
• Assist with production of governance papers for local, regional, and global forums.

To be successful in this role you should meet the following requirements:

• Experience working in relevant environment (e.g. Regulatory Reporting, Risk, Transformation, Business Management, Remediation).
• Previous experience acting as a MLCO within the Trust industry.
• Experience working in relevant markets/context (e.g. Jersey, Trust business, etc.).
• Experience of delivering project management and/or supporting to streamline processes is an advantage.
• Strong stakeholder management and influencing skills including working closely with front office colleagues.
• Highly communicative and able to summarise complex details for senior stakeholders.
• A successful track record of delivering complex projects and/or programmes, utilising appropriate techniques and tools to ensure and measure success.
• Experience of promoting and leading best practice in risk and compliance management in a similar organisation.
• Experience contributing to the implementation and monitoring of policies, governance frameworks, procedures, practices, and standards to ensure quality, effective risk management and regulatory compliance.

Opening up a world of opportunity.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk via hsbc.recruitment@hsbc.com