Vice President, Affiliates Relationship Manager

Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.

The Vice President, Affiliates Relationship Manager will act as a dedicated point of contact for day to day Affiliate-related relationship management tasks as a first line of defense within a line of business. The ARM is responsible for managing the services provided by HNAH and its subsidiaries to affiliates on behalf of the HNAH Affiliate CEO, specifically the inbound risks posed by the Affiliate to which HBUS is exposed.

Here’s what you can expect:
As our Vice President, Affiliates Relationship Manager, you will have the overall responsibility for Affiliate Relationship Management, coordination and resolution of affiliate business issues and requests. Primary day-to-day responsibilities include:

• Providing relationship management coverage for the existing relationships,

• Acting as an escalation point for inter-Affiliate issues/queries,

• Maintaining an up to date list of clients

• Ensuring that the purpose of account/relationship details are recorded for the in-scope accounts (internal accounts excluded),

• Initiating on-boarding of new Affiliate relationships and products including GPS accounts, connecting product teams and prospective service receiving Affiliates; input into pricing discussions where expected standard tariffs are not applied,

• Ensure local KYC profiles are maintained and regulatory requirements are met,

• Provide information to support the CDD process as requested by Affiliates Due Diligence (‘ADD’), Affiliate Financial Crime Risk (AFCR) and/or Affiliate Know Your SR Services (‘KYCS’) team e.g. RM Checklist, Purpose of Account etc. and for other applicable local regulatory due diligence uplifts,

• Contribute to the completion of the relevant Affiliate AML Questionnaires, including Correspondent Banking Due Diligence Questionnaire (‘CBDDQ’) and the ADD supplement,

• Reviewing the Affiliate activity on a periodic basis to ensure it remains in line with expectations,

• Managing credit risk requests, including review and recommendation of Affiliate credit proposals and annual reviews,

• Ensure compliance with the Reg W requirements for the Affiliates

• Execution of Do Not Process (DNPs) decisions as required,

• Escalation of Request(s) for Information (RFIs) non responsiveness if required,

• Identification and management of risk imported by group Affiliates (based on Affiliate Financial Crime Risk Committee reviews or other sources),

• Provision of updates, escalation of material risks identified, negative news and/or trigger events through HNAH Affiliate Working Group,

• Participating and contributing to strategic projects; seeking improvement opportunities within the ARM processes and in the Affiliate portfolio,

For this role, HSBC targets a fixed pay range between $150,200 and $194,700.

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.

In compliance with applicable laws, HSBC is committed to employing only those who are authorized to work in the US. Applicants must be legally authorized to work in the U.S. as HSBC will not engage in immigration sponsorship for this position.

You’ll likely have the following qualifications to succeed in this role:

• In-depth knowledge financial services, financial crime compliance and the external of regulatory/industry environment, as well as GPS services and correspondent banking.

• Sound understanding of due diligence, risk identification and mitigation. 

• Experience in Relationship Management, together with an understanding of correspondent banking activity.

• Experience in overseeing the completion of KYC or due diligence activities and undertaking quality assurance.

• Credit Risk skills in understanding financial institutions.

• Proven ability in working across multi-disciplinary and multi-cultural diverse work environments.

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 age, ancestry, color, race, national origin, ethnicity, disability or medical condition, genetic information, military or veteran service, religion, creed, sex, gender, pregnancy, childbirth, caregiver status, marital status, citizenship or immigration status, sexual orientation, gender identity or expression or any other trait protected by applicable law.