- Anti Money Laundering (AML)
- Due Diligence
- Risk Assessment
- Risk Management
Financial Crime Compliance Monitoring and Testing Manager, Hong Kong - Financial Crime Compliance
Location: Asia Pacific-Hong Kong-Kowloon-Tai Kok Tsui
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Financial Crime Compliance aligns current activities within Global Risk and helps to build these into a more integrated framework to conduct Customer Due Diligence which enables HSBC to manage financial crime risk more effectively. It builds stronger controls to improve the way Financial Crime Compliance risks are managed in order to spot gaps as well as trends so that the team can take action. It proactively gathers and analyses financial intelligence in a smart way so that suspicious transactions, activities or connections can be identified and we can adequately protect our customers from the threat of financial crime.
We are currently seeking a high caliber professional to join our team as Financial Crime Compliance Monitoring and Testing Manager, Hong Kong.
Bank's Second Line of Defense Compliance Monitoring and Testing programme provides ongoing, periodic monitoring and comprehensive testing for Financial Crime and Regulatory Compliance. The bank’s Monitoring and Testing model will operate consistently in all countries to deliver greater transparency and consistency of the reporting of global compliance risks.
The Monitoring and Testing Manager Financial Crime Compliance Hong Kong participates in the performance of independent Financial Crime Compliance Monitoring activities across the following business lines in Global Banking and Markets, Commercial Banking, Retail Banking and Wealth Management, Global Private Banking in order to obtain reasonable assurance that the business is operating in line with relevant laws, regulations, codes and Group Standards within Financial Crime Compliance
The purpose of this position is to perform reviews of the compliance control framework as directed by Financial Crime Compliance Monitoring and Testing management. The objective of these reviews is to assure compliance with internal and external policies and procedures and with laws and regulations that are applicable to banking activities in Hong Kong.
Promote and support a risk minimizing culture in alignment with the culture transformation and Compliance's role as the second line of defense.
Deliver an effective second line of defense compliance monitoring and testing programme, aligned with the Compliance Monitoring and Testing model operationalized globally across business units, countries, and functions.
Manage the preparation of Compliance Risk Assessments, drawing on the experience and knowledge of the compliance team and with the active participation of senior managers in the Business.
Proactively assist management in identifying and containing compliance risk.
Manage the preparation of the country Annual Monitoring and Testing Plan
Contribute to the preparation of consolidated Management information on the results of monitoring across the different sites for Senior Management in the Business.
Contribute to the provision of education and support to Financial Crime Compliance Monitoring and Testing specialists on risk assessments, planning and conducting reviews.
Successfully complete Anti-Money Laundering and Sanctions training and post-course assessment, as required
Good understanding and experience of compliance and Financial Crime regulations
Minimum of a Bachelor degree in business, law, accountancy or related field or equivalent experience
Experience of control testing gained within a financial services organization or audit and consulting practice
Awareness of good risk management and governance frameworks including three lines of defense criteria
Understanding of the activities of relevant business lines and associated compliance risks
Strong interpersonal skills with the ability to communicate effectively at all levels and to engage with senior staff within the functions
Ability to foster relationships whilst providing adequate challenge and effecting change
Ability to work under pressure and within tight time lines
Excellent verbal and written communication skills, ability to communicate complex regulatory issues in writing
Proven team player with an open communication style
The chosen candidate for this role will be required to undergo enhanced vetting. Subject to local laws, this will require the individual to satisfactorily pass a series of additional checks as part of the recruitment process and on an ongoing basis, if appointed to the role. HSBC Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are originally completed, and/or if relevant, on an ongoing basis. For more information about the enhanced vetting for this role please contact the recruiter for this role.
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