Role purpose
the financial crime (fc) 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 global businesses (gb) (also referred to as "the first lod" or "flod"). The fc function also operates a set of critical controls on behalf of the flod by harnessing intelligence, analytics, technology, detection and investigation. The risk stewards are responsible for reviewing and challenging all the activities of the flod to ensure that, as "risk owners", they effectively manage the fc risk inherent in, or arising from, the conduct of their activities and for which they are responsible. Fc 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 fc function operates in accordance with hsbc group's risk management framework (rmf).
The vice president : risk stewardship : cib role will work closely with the head of fc risk stewardship coe to manage financial crime risks that they face effectively and effeciently, in addition to playing an advisory role/influence the direction of the risk discipline to effectively identify and mitigate financial crime (fc) risk.
Main activities
:responsible for the delivery of end results and contribute to planning, finances, budget and policy development
:responsible for supervising a department or a functional unit/area team
:understand financial crime risks owned by the global business and help them maintain an effective control framework, including the nfr program objectives and obligations on risk stewards.
:manage a team who are the experts in the financial crime risks providing lob advisory support from the coe to group, regions and markets serviced to maintain an effective control framework and to ensure compliance with all relevant external laws and regulations, internal codes and policies and good market practices.
:contributing to building a robust financial crime risk management culture and strategy through both internal and external governance, strategy and communications, as well as people management and policy adherence
:support in providing advisory services to the line of business in order to ensure clear understanding of compliance risk exposure with respect to clients, transactions and products.
:work with the coe / lob fc teams to determine thematic issues, weaknesses in country compliance capability and capacity, emerging risks and issues in the business, thematic issues with policy design, implementation and/or interpretation
:ability to translate mi of existing 1lod controls into summaries for 2lod risk stewards to highlight potential gaps, enhancements, or expansions to the banks overall fc risk coverage.
:monitor issues management from a wide range of sources, including msii's, audit reports, assurance reporting
:support with generating of reports which include kpi / kri metrics and associated trend analysis on a monthly basis
:to ensure appropriate support is provided from the coe in second line governance of financial crime riskexposure, providing analysis, reporting and governance that is independent of the first line of defence
:act as escalation point for complex issues
requirements
:significant experience in financial crime risk management advisory or similar risk function.
:proficient knowledge of a financial crime risk framework and experience in its execution, together with knowledge of cib/ iwpb business and products
:proficient knowledge across all financial crime risks in the financial services industry including a background or deep understanding of operational risk.
:strong understanding of how controls mitigates fc risk and the various underpinning activities forming the overall risk management framework.
:experience in leading a team / group of indivi