Financial Crime Manager, IWPB Malaysia

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Compliance - Financial Crime (FC)
Compliance is a global function that brings together all aspects of regulatory and financial crime risk management. Acting as risk stewards, and incorporating a range of specialist teams, we work together with the business and leverage advanced technology to help HSBC navigate a complex regulatory landscape and embed a sustainable approach to compliance risk management that supports safe growth and serves customers fairly. Compliance aspires to continuously raise the bar and set leading standards across the industry to help HSBC safeguard its customers and the communities within which it operates.

Financial Crime (FC) brings together the Group elements of the former Financial Crime Compliance and Financial Crime Threat Mitigation sub-functions. The Financial Crime team provides the policy, framework and specialist capabilities by which HSBC manages its financial crime risk. The team is responsible for managing financial crime, leveraging specialist capabilities, data and technology, to enable the bank to serve the needs of its customers and grow safely, while also sustainably completing the remaining global programs of remediation.

Working closely with the other Compliance teams, the FC team will set policy, promote consistent implementation and best practice, and provide effective oversight of the operational effectiveness of the financial crime framework, to ensure that the Group's exposure to financial crime and related reputational risk is well-managed.

We are currently seeking an experienced professional to join our team in the role of Financial Crime Manager, International Wealth and Premier Banking (IWPB)

In This Role
As the Financial Crime International Wealth & Premier Banking (IWPB) Manager, you will provide support to the Country teams (i.e. Financial Crime, Regulatory Compliance, wider Risk and Compliance departments, IWPB, Control teams, Global functions, Business, Risk and Product owners) with accountabilities on financial crime management and their respective services and activities. The role holder will support the Head of Financial Crime IWPB and first line of defense as a risk steward by challenging and providing guidance, oversight of financial crime risk within the Country while ensuring alignment with Global Standards; and work closely with regional teams, as necessary. The role holder will execute financial crime risk assessments as a leader and advocate technical compliancy for specific business risks, working with the Country teams to ensure all advice and guidance is supported by specific documentations or interpretation.

Supporting and facilitating the Risk Stewardship in an advisory capacity, overseeing the activities of control owners and Non-Financial Risk teams who provide hands-on support of financial crime risk controls and closely support in-country teams with any financial crime risk management-related projects, initiatives and include other financial crime risk monitoring projects as well.

The role holder will lead, represent and support a team that focuses on developing and implementing, working closely with the sub-functions, global and regional governance capabilities to support monitor, control and continually improve the financial crime risk framework across all key pillars of financial crime risk (risk assessments, controls, MI, relevant systems, intelligence, etc.).

The role will support emerging and changes to existing regulations and exposure to risks in relation of financial crime risk.

Responsibilities
Financial Crime Risk

• Leading the change and development in culture, awareness and ability in respect of financial crime risk management in country.
• Providing financial crime risk leadership, support and guidance to all Lines of Business, reviewing the effectiveness of 1LoD controls, remedial action, delivery of training and awareness programmes.
• Assess, challenge and support changes to the scope and content of 1LoD financial crime risk controls to ensure they are fit for purpose in line with business risk appetite and changes in organizational structures.
• Provide support and challenge to Business' new products/processes/ policies.
• Supporting, planning, conducting and executing financial crime risk related reviews across all lines of business.
• Building and fostering a good working relationship with regulators, industry task forces, small working groups, law enforcement agencies, etc.
• Maintain and ensure due observance of HSBC Internal Control Standards, including the timely implementation of recommendations made by internal or external auditors and external regulators.
• To keep abreast of recent and ever-changing financial crime risk trends and ensuring steps are taken to address financial crime risk.
• Advising and guiding in setting risk appetite; providing policy guidance, definition and interpretation assistance; and preforming oversight activities, as well as consulting on dispensation requests from country.
• Ensure awareness of compliance requirements and implementation of Group One Financial Crime Policy.
• Maintain awareness of operational risk including its identification, assessment, mitigation and control, loss identification and reporting in accordance with local regulations and Group Operational Risk Management Framework.

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

• Leadership skills for a constantly changing financial crime risk environment, competing priorities, management of senior stakeholders.
• High level of professional competence knowledge and experience in financial crime risk which includes AML, Sanctions, Anti-Bribery and Corruption, Fraud, Tax Evasion, Counter Terrorism Financing. Specifically, beneficial if this is in respect of typologies, methodologies and controls to manage key financial crime risk taxonomies and indicators.
• Experience with dealing with regulators and regulatory engagements/ thematic reviews/ inspections.
• Strong banking experience required with strong analytical skills. Thorough knowledge of products, process, banking systems, controls and financial crime risk tools will be key.
• Knowledge and awareness of current financial crime risk trends.
• Strong risk management skills and the ability to identify risk.
• Fluency in both written and verbal English.
• Good communication skills & is a team player.
• Good stakeholders, internal and external, management skills.
• Presentation skills with influencing capability will be required.

Due to local laws and governance, candidates with immediate right to work locally and no relocation need will be prioritised.

Opening up a world of opportunity.

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Issued by HSBC Bank Malaysia Berhad
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