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Form of workAs a Senior Vice President on our Financial Crime - Anti-Money Laundering (AML), Anti-Bribery and Corruption (AB&C), and Tax Transparency Program Team, and reporting directly to the US Head of AML, AB&C and Tax Transparency, you will provide risk stewardship relating to the specific Financial Crime threats the firm faces now and in the future, contributing to processes and frameworks that protect our business, our customers, and the many communities in which we operate, from the harms associated with Financial Crime. The AB&C, AML and Tax Transparency Program and Policy team is responsible for oversight and risk stewardship of the AB&C, AML and Tax Transparency programs at HSBC in the US. We coordinate policy and program changes across all of our lines of businesses, liaise with our counterparts at the Group FC level, FC Legal Advisory (FCLA) and provide subject matter expertise to all lines of business and functions on AB&C, AML and Tax Transparency issues. The team oversees Policy changes, serves as a thought leader in public debate regarding proposed changes in the regulatory compliance landscape, leads bank initiatives relating to new and changing AB&C, AML and Tax Transparency regulatory requirements, advises businesses regarding regulatory changes, and partners with other functions across the bank including Legal, Human Resources (HR), Audit, Compliance, Risk, Digital Business Services, Public Affairs and Finance and Financial Crime (FC), including FC Investigations, FC Risk Analysis & Discovery, Fraud, FC Detection, Sanctions and the FC - Wholesale, Wealth Private Banking (WPB) & Functions teams and Line Of Business Non Financial Risk (NFR)/Business Financial Crime Risk (BFCR) teams, to support our lines of businesses and coordinate oversight of risks and controls across the organization.
As our Senior VicePresident Financial Crime Anti Bribery& Corruption you will:
- Provide guidance and subject matter expertise to lines of business, functions, and other FC functional partners on matters pertaining to AB&C, AML, Tax Transparency, including regulatory and policy obligations and risk appetite.
- Contribute to Second Line of Defense oversight to lines of business, FC -Wholesale, WPB & Functions risk stewardship, overseeing the quality and timeliness of risk assessments, controls implementation, continuous monitoring, issues management and execution of other FC-related first line responsibilities conducted by FC Investigations, FC Detection and FC Risk Analysis & Discovery
- Arrange papers at the request of the US Head of AML, AB&C and Tax Transparency and MD, US Head of FC & BSA/AML Officer to submit to various Compliance and Risk committees and forums (in the US and globally) assessing FC risks including AB&C, AML and Tax Transparency, and mitigants related to products, services, customers and industry or market developments
- Regularly present at Compliance and Risk governance committees and related forums, on industry developments, management of AB&C, AML and Tax Transparency policy changes, and related issues
- Review proposed new products and services and proposed enhancements to existing products and services, to identify Financial Crime risks including AB&C, provide advice to the lines of businesses/functions and identify proposed risk mitigants
- Oversee implementation, maintenance and updating of, and compliance with US and Group AB&C and AML compliance policies; supervise gifts and entertainment policies and procedures, charitable contributions, sponsorships and brand partnerships, risks associated with hiring connected persons, and transactions involving government officials, government and state-owned entities, third parties and associated persons
- Draft monthly and other periodic reports to management analyzing and assessing Financial Crime-related metrics including AB&C/AML and other data and summarizing regulatory trends using metrics and management information to understand how well HSBC is managing Financial Crime risk including AB&C/AML and to develop proposals for enhancing processes around Financial Crime risk management
- Respond to requests from regulators, internal audit and compliance assurance teams relating to reviews of Financial Crime programs; providing ad hoc papers, reports, summaries and other information at the request of US and global FC management; develop and delivering training and guidance to staff on AB&C/AML matters, incorporating lessons learned from internal issues as well as external events such as enforcement actions
For this role, HSBC targets a pay range between $129,800.00 and $194,700.00.
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee's overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a "bonus"). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.
Requirements
You´ll likely have the following qualifications to succeed in this role:
- Bachelor in Arts or Bachelor in Science as minimum
- Juris Doctor is a plus
- Have between 7 and 10 years working in the banking industry
- Experience in fields such as: Anti Bribery and Corruption, Financial Crime, Regulatory, Compliance and Risk Governance
- Comprehensive understanding of Financial Crime, AB&C, AML, regulatory, and Tax Transparency based on significant work experience with emphasis on US FCPA (Foreign Corrupt Practices Act) and UK Bribery Act programmes, policies and procedures
- Experience designing, implementing, enhancing and/or overseeing compliance programmes, specifically AB&C programmes for large complex organizations
- Experience overseeing gifts and entertainment policies and procedures, charitable contributions, sponsorships and brand partnerships, risks associated with hiring connected persons, and transactions involving government officials, government and state-owned entities, third parties and associated persons
- Experience analyzing new legislation and regulation and assessing potential impacts on compliance programs specifically AB&C/AML, as well as incorporating new regulatory requirements into existing AB&C/AML and Financial Crime processes
- Experience presenting complex information, recommendations and risk mitigants associated with AB&C/AML and Financial Crime to senior level stakeholders
- Understand and experience assessing and managing AB&C, AML and Financial Crime risks
In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the U.S. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.
As an HSBC employee, you will have access to tailored professional development opportunities to ensure you have the right skills for today and tomorrow. We offer a competitive pay and benefits package including a robust Wellness Hub, all in a welcoming, diverse and inclusive work environment. You will be empowered to drive HSBC's engagement with the communities we serve through an industry-leading volunteerism policy, a generous matching gift program, and a comprehensive program of immersive Sustainability and Climate Change Initiatives. You'll want to join our Employee Resource Groups as they play a central part in life at HSBC, including the development of our employees and networking inside and outside of HSBC. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank of the future!
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
