This Role is responsible for managing HSBC's appetite to comply with risk, business and regulatory priorities, and seeking to strengthen the risk culture within the organization, through the creation and implementation of policies that set the global standard. Areas of coverage include, but are not limited to, credit strategy, collections strategy, portfolio strategy, product customer strategy and acquisition strategy.
The role is responsible for overseeing all Global Risk Functions to ensure that group standards in respect of the ‘management of risk' are upheld and may support deep-dive/thematic reviews in portfolio trends.
We are currently seeking an experienced professional to join our team.
In this role, you will:
To work with SMEs in FCC (Financial Crime Compliance), RC (Regulatory Compliance) and Group/Regional/Local LoBs (including HSBC China and Hang Sang China if required) to lead the dissemination of Global Standards, AML, Sanctions, ABC, Fraud, and Tax Evasion policy and other CMP relevant policies changes to the insurance entity and oversee the changes being localized as needed to reflect regulatory and legal requirements.
To lead and guide the Global programmes and FCR (Financial Crime Risk) related projects to ensure financial crime risks are mitigated and risk based prioritization occurs e.g. SCC/PEP/Sanctions/HRC remediation projects
In assuring policy and procedure are updated following changes made in HSBC FIM (internal requirement)/regulatory requirements.
To support business in ensuring FCR dispensation/risk acceptance and mitigation controls are in place.
To coordinate compliance to governance with Business and Operation teams on Group Operational, AML, Sanctions and local Regulatory guidelines
To participate in the implementation of Global programmes and key local change management initiatives to ensure operational and financial risk exposure is considered and addressed.
To serve as a conduit between the Business, In-Country and the Group teams, to ensure Global programmes are strategically aligned.
Working hand in hand with FCC to lead and manage Financial Crime Compliance Risk Forum in order to keep top management abreast highlighted and escalated on FCC related matters/issues/risks.
Lead Conduct Risk agenda implementation and on-going monitoring.
To lead the Sanctions administration implementation in the Business and Operation teams.
To provide consultancy and guidance to Business and Operation teams in implementing and complying with Financial Crime Risks related requirements.
Specific accountabilities of the role are as follows:
Global Standards transition to BAU and embedding within Businesses.
Secretariat for local Insurance FCC Risk Forum.
Embedding Conduct, Sanctions, AML and ABC related policy changes.
Financial Crime related management information and key risk indicators to relevant parties.
Conduct Risk Oversight
Governance of FCC and Local Regulatory implementation.