Job Description

Job description

Business: Compliance

Open positions:1

Role Title: Vice President GSC\xe2\x80\x99s

Global Career Band: 4

Location (Country / City ): Bangalore or Hyderabad

Why join us?

• The Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group\xe2\x80\x99s businesses (also referred to as \xe2\x80\x9cthe First LOD\xe2\x80\x9d) to ensure that they effectively manage as \xe2\x80\x9cRisk Owners\xe2\x80\x9d the Regulatory and Sanction risks

inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of \'Risk Stewards\' who are independent of the commercial risk-taking activities undertaken by the First LOD. The Compliance function is a Risk Steward for several non-financial risks in accordance with HSBC Group\xe2\x80\x99s risk framework. * The role will involve regular interaction with stakeholders in first and second line of defence.

The Opportunity:

This role can be based out of Bangalore or Hyderabad.

The following principal accountabilities are aligned to the Compliance Services Model:

• This is a senior leadership role, charged with assisting the Regional FC Teams of ASP and UK in establishing, developing and sustaining an offshore FC Sanctions capability; responsive to their respective needs, and aligned to future growth opportunities
• Assist the Heads\xe2\x80\x99 of Sanctions for ASP and UK to establish Sanctions capability within GCS India, and once established, ensure that it is sustained and developed.
• Support the Heads\xe2\x80\x99 of Sanctions for ASP and UK to oversee the Sanctions to Implement and drive Group communications strategy, for standards, systems and policies in relation to Sanctions.
• Work collaboratively with ASP and UK Senior Sanctions management to support and facilitate a strategic coordination and implementation of an effective Sanctions controls framework (including subsidiaries).
• Identify, assess, oversee and communicate all requirements relating to legal guidance and sanctions evasion trends in relation to risks presented through HSBC\xe2\x80\x99s business activities across (including subsidiaries).
• Manage and lead the required remedial action of all material FCC sanctions issues that arise to ensure effective implementation through internal and external reviews.
• Implement into the Sanctions Compliance framework, the relevant requirements and commitments of the Bank.
• Develop and deliver training on Sanction risks for all business products and services across (including subsidiaries).
• Implement Group sanctions policies to ensure exposure to current risks and emerging arising risk is managed appropriately, in a commercially focused and practical manner
• Implement, as required, Group sanctions policies and systems that ensure that business exposure to financial crime and reputational risks is managed, in a practical and effective manner, including efficient and reasonable deployment of resources and an understanding of the business operations and needs.
• Liaise with relevant stakeholders within Business and Functional teams, with primary focus on CMB, to provide expertise and support on all Financial Crime Sanctions related matters
• Work effectively with Rep of Sanctions and the various Reps of FC for each business lines/ subsidiaries to ensure consistency across the FC functions.
• Maintain and develop positive and professional working relationships with business managers at the Country/ Business line levels.
• Provide and adapt solutions to complex global issues/initiatives in an ever changing, high-risk environment.
• Monitor the implementation of FC Sanctions controls.
• Ensure all GSM, FIMs, BIMs and dispensations, etc. are updated for changes in Country Regulation and impacts on business.
• 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.

What you\xe2\x80\x99ll do:

The responsibilites of the CoE team will be to assist the in-country Financial Crime (FC) team leads with various activities inluding the list given below:

• Monitor Trade, Economic and Financial Sanctions (including sanctions programs administered by the U.S. Office of Foreign Assets Control, United Nations, European Union and HM Treasury\xe2\x80\x99s Financial Sanctions, (collectively referred to herein as \xe2\x80\x9cSanctions\xe2\x80\x9d), and global risk management framework to meet legislative and regulatory requirements.
• Assist Head of Sanctions and Transaction Monitoring in providing oversight and management, of all aspects of Financial Crime Risk Sanctions including impact analysis of regulatory changes.
• Collate potential breaches of sanctions from across the business lines & subsidiaries, review reporting made and escalate to Head of Sanction..
• Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate policy and framework to manage the changes.
• Participate in and work with relevant local industry bodies and groups in relation to Sanctions related initiatives, trends and proposals.
• Provide advice to business across, with primary focus on CMB, on risk associated with prospective business, products and service and design mitigation controls and implement strategies as appropriate.
• Managing Breach reporting (Mostly, sanctions policy breach write-up currently by Sanctions team)
• Managing IRIS incident escalation and reporting (prepare escalation up to group sanctions, core incident write-up including detailing root causes and actions and deep drive analysis and potential read-across reviews will continue to be decisioned by ASP Sanctions)
• Coordinate governance inputs (e.g., Risk Map, RMM, Risk Committee, FC ExCo, FCRF), and track NFR Risk Steward Maturity Assessment, RAPID2, IRIS, Helios and Engage.
• Preparing the sanctions monthly MI reporting.
• Sanctions list management and maintenance of LGE (support any new list/entry to be deployed and maintained via LGE (the \xe2\x80\x9cgrey list\xe2\x80\x9d process)
• Managing EWRA leg work, sanity checks (annual preparation on sanctions data for EWRA including data verification
• and analytical work on sanctions inherent and residual risk analysis \xe2\x80\x93 proposed to be undertaken by ASP Sanctions)
• Preparation of ASP Sanctions ManCo materials and coordination of governance inputs (e.g. risk map, RMM, risk committee, FC ExCo)
• Key SME inputs on governance paper/reporting to senior management should continue to be undertaken by ASP Sanctions
• Maintain awareness of operational risk within assigned portfolio and minimize the likelihood of these risks 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 and external auditors and external regulators

Requirements

What you will need to succeed in the role:

• Degree holder with experience in Sanction roles, ideally to include Sanctions experience.
• Extensive knowledge of Sanctions regulations and guidance.
• Extensive working knowledge of all aspects of Sanction controls at both a strategic and operational level, gained within large financial banks.
• Strong experience of working with large scale Sanction related initiatives that have delivered multiple changes and improvements to controls, including but not limited to upgrades and new systems, deployment of monitoring to new lines of business and product areas.
• Excellent oral, written communication and presentation skills, inter personal skills and dealing with executives at all levels
• Proven ability to confidently work with and influence senior stakeholders and business sponsors.
• Proven ability to work across lines of business and regions whilst maintaining a global perspective
• Strong analytical, decision making, lateral thinking skills, with demonstrated ability to identify links between programmes of work
• Excellent communicator with strong inter-personal, influencing skill, solution oriented and inter-personal skills, with experience of dealing with executives at all levels.
• Proven analytical skills, together with the ability to support decisions with sound reasoning.
• Proven team player with an open communication style.
• Excellent verbal and written communication skills.
• Strong command of English required.
• Ability to work under pressure and within tight timelines.
• Ability to apply professional judgment to enhance the commercial success of the business and provide advisory to the business appropriately
• Flexibility to work in different time zones supporting regional compliance requirements

What additional skills will be good to have?

• Added advantage with certification from International Compliance Association (ICA) or Association of Certified Anti-Money Launderying Specialist (ACAMS)

You\xe2\x80\x99ll achieve more at HSBC

HSBC is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., We consider all applications based on merit and suitability to the role.\xe2\x80\x9d

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

***Issued By HSBC Electronic Data Processing (India) Private LTD***

HSBC