Job Description

Job description

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (COVID-19), we're leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC. As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey. If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

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Role Purpose

The Manager - IR (Contract Role) is a key strategic risk management role that has a broad remit, accountability and responsibility for supporting the Head IR in implementing policy for the anti-money laundering ("AML") and counter-terrorist financing ("CTF") (collectively referred to herein as "AML") Investigations, risk management framework to meet AML requirements and legislation in India. This includes providing investigations and management of AML Investigations including impact analysis of regulatory changes, and driving coordination and execution of the various FCI- Investigations work streams and assurance, while ensuring alignment with the framework laid down by the Group.

The role requires strong partnership with the lines of business (LOB), Global Functions (GFs) and FCC teams, acting in concert with them to drive the implementation of FCI framework. It will monitor and track the progress of various work streams and initiatives underway which fall under the umbrella of Investigations Work-stream under Financial Crime Risk, provide policy advice related to all business line products, services and clients, and ensure that the FCI function is resourced adequately to address the risks associated with all business lines in India.

The role will also need to stay at the forefront of key changes to ensure proactive communication with the business and develop appropriate policy and framework to manage the changes, particularly extra territorial changes.

The role is a forward looking role and requires strong partnership with business to drive and accelerate the AML programme and assist in the execution of the Investigative Reporting function under FCI That directly impact business performance.

• Work with relevant contacts in Global Businesses and Global Functions to ensure consistent and effective application, and implementation, and controls to evidence related with Investigative Reporting standards, policies and procedures.
• Complete all investigations assigned and ensure that the post investigation activities are completed, within the stated guidelines.
• Accountable to the VP-IR for driving the effective risk mitigation through transaction monitoring and investigation function by meeting the quality and efficiency objectives
• Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate group policy and framework to manage the changes.
• Provide advice to business across India on risk associated with prospective business, products and service and design mitigation controls and strategies as appropriate

Key Resposibilities

Impact on the Business / Function

• Support Head IR in driving delivery of objectives in line with organizational strategy - implement communications strategy, for standards, systems and policies, regarding FCC topics in India.

• Identify, assess, oversee and communicate all requirements relating to AML regulatory guidance and law enforcement trends regarding INM's business activities.
• Assist in the implementation criteria for integration and analysis of suspicious activity surveillance and reporting results, escalation of analysis and events across India.

• Ensure that the Group's exposure to regulatory and reputational risks is managed at a country level, in a commercially sensible, practical and cost effective manner.
• Discharge the relevant accountabilities as set out in the Group FCC standards framework in India.
• Assist in the required remedial action of all material FCC issues involving India that arise to ensure effective implementation, through internal and external reviews.

• Assist in the satisfaction of the Bank's requirements and commitments under the enforcement actions emanating from any regulatory authorities
• Leadership to drive, develop and implement programmes to quantify impacts and implement actions to address and mitigate impacts of AML risk embedded in client activity within the country.
• Establish and implement global standards and strategic policies which ensure exposure to current and emerging risks are managed effectively

Customers / Stakeholders

• Support the India Head of IR/AML in the provision of reports on a country wide basis to the EXCO/RMM (and, as necessary, regulators) on TM issues.
• Ensure that the India Head of IR/AML is appropriately advised of material AML issues in India.
• Work effectively with principal regulators and industry bodies on AML matters.
• Lead / liaison with relevant stakeholder within Global Business and Country teams to provide expertise and support on all FCC related matters

Leadership & Teamwork

• Support India Head of IR FCI, develop and deliver the strategy for the FCI-IR function.

• Coordinate between Compliance, Global Business, Risk, Technology, Internal Audit, and Legal, and others as appropriate, in India.

• Foster positive and professional working relationships within RC and FCC and other senior managers throughout India
• Be accountable for developing, setting and deliver the FCC strategy for the country.
• Maintain and develop positive and professional working relationships with senior business managers at the Regional and Country levels

Operational Effectiveness & Control

• Be creative/innovative in implementing Group policies
• Maintain awareness of operational risk within assigned portfolio and minimise the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting.
• Maintain and observe all HSBC control standards and implement and observe the Group Compliance Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators in India

Requirements

• Seasoned professional with experience in one or more senior risk compliance roles, to include significant AML experience.
• At least years of banking experience, preferably with at least 2 years of experience in the areas of Financial Crime.
• Extensive knowledge of AML regulations and guidance.
• Extensive knowledge of the HSBC Group structure, its business and personnel, and a deep understanding of HSBC's corporate culture.
• Significant experience in the financial services industry.
• Lateral thinker with an ability to interpret and solve complex issues.
• Excellent communicator with strong inter-personal and influencing skills.
• Ability to lead change, contributing to joining up with the other teams in Risk and Business at Country level

Additional Information

• Minimum Graduation or as required for the role, whichever is higher
• Mandatory to successfully complete Anti-Money Laundering and Sanctions training and post-course assessment, as required

Useful Link

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Issued by The Hongkong and Shanghai Banking Corporation Limited, India