Financial Crime Manager, IWPB Malaysia

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Compliance - Financial Crime (FC)

Compliance is a global function that brings together all aspects of regulatory and financial crime risk management. Acting as risk stewards, and incorporating a range of specialist teams, we work together with the business and leverage advanced technology to help HSBC navigate a complex regulatory landscape and embed a sustainable approach to compliance risk management that supports safe growth and serves customers fairly. Compliance aspires to continuously raise the bar and set leading standards across the industry to help HSBC safeguard its customers and the communities within which it operates.

Financial Crime (FC) brings together the Group elements of the former Financial Crime Compliance and Financial Crime Threat Mitigation sub-functions. The Financial Crime team provides the policy, framework and specialist capabilities by which HSBC manages its financial crime risk. The team is responsible for managing financial crime, leveraging specialist capabilities, data and technology, to enable the bank to serve the needs of its customers and grow safely, while also sustainably completing the remaining global programs of remediation.

Working closely with the other Compliance teams, the FC team will set policy, promote consistent implementation and best practice, and provide effective oversight of the operational effectiveness of the financial crime framework, to ensure that the Group’s exposure to financial crime and related reputational risk is well-managed.

We are currently seeking an experienced professional to join our team in the role of Financial Crime Manager, International Wealth and Premier Banking (IWPB).

In this role:

As the Financial Crime IWPB Manager, you will provide second line of defense risk stewardship and support to the Malaysian business team, IWPB on their FC management within their respective services and activities. The role holder will support the Head of Financial Crime IWPB as FC risk steward by challenging and providing guidance, oversight of financial crime risks within the IWPB while ensuring alignment with regulatory and global standards; and work closely with regional team, as and when necessary. The role holder will execute risk assessments on the five areas of FC risks, i.e. AML, Sanctions, Anti-bribery & Corruption, Fraud (Internal & External) and Tax Evasion.

The role holder is expected to execute risk stewardship towards IWPB, typically includes activities like advise, review, challenge, provide oversights, train, etc., IWPB on FC risks mentioned above towards IWPB’s controls, FC risk management-related projects, business initiatives or change, risk monitoring projects, etc.

The role holder will be a member within a team of four, inclusive of the Head of FC IWPB.

Responsibilities:

• Support emerging and changes to existing regulations and exposure to risks in relation of FC risk.
• Leading the change and development in culture, awareness and ability in respect of FC risk management in country.
• Providing support and guidance to IWPB, reviewing the effectiveness of First Line of Defense (1LoD) controls, remedial action, delivery of training and awareness programmes.
• Assess, challenge and support changes to the scope and content of 1LoD FC risk controls to ensure they are fit for purpose in line with business risk appetite and changes in organizational structures.
• Provide support, review, challenge on IWPBs’ new products/processes/ policies.
• Building and fostering a good working relationship with regulators, industry task forces, small working groups, law enforcement agencies, etc.
• To keep abreast of recent and ever-changing FC risk trends and advise IWPB to ensure steps are taken to address those FC risk.

Qualifications

To be successful in the role, you should meet the following requirements:

• Experienced in 2LoD FC / Compliance functions, preferably in financial industry.
• Leadership skills for a constantly evolving FC risk environment, competing priorities, management of senior stakeholders.
• High level of professional competence knowledge and experience in FC risk which includes AML, Sanctions, Anti-Bribery and Corruption, Fraud (internal & External), Tax Evasion, Counter Terrorism Financing. Specifically, beneficial if this is in respect of typologies, methodologies and controls to manage key financial crime risk taxonomies and indicators.
• FC related certification, e.g. AICB-ICA Certification in Anti-Money Laundering and Counter Financing in Terrorism, or other equivalent certification.
• Experience with dealing with regulators and regulatory engagements/ thematic reviews/ inspections.
• Strong banking experience required with strong analytical skills. Thorough knowledge of retail and wealth products, process, banking systems, controls and FC risk tools will be key.
• Knowledge and awareness of current financial crime risk trends.
• Fluency in both written and verbal English.
• Good communication skills & is a team player.
• Good stakeholders, internal and external, management skills.
• Presentation skills with influencing capability will be required.

Due to local laws and governance, candidates with immediate right to work locally and no relocation need will be prioritised.

Opening up a world of opportunity.

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Issued by HSBC Bank Malaysia Berhad