Manager CDD and Client Tax Reporting, UAE

at  HSBC

Job description

SOME CAREERS GROW FASTER THAN OTHERS.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
Wealth and Personal Banking is our new global business combining Retail Banking and Wealth Management; and Global Private Banking, to become one of the world’s largest global wealth managers with USD1.4 trillion in assets. Our dedicated colleagues serve millions of customers worldwide across the entire spectrum of private wealth, ranging from personal banking for individuals and families, through to business owners, investors and ultra-high-net-worth individuals. We provide products and services such as bank accounts, credit cards, personal loans and mortgages, as well as asset management, insurance, wealth management and private banking, that best suit our customers’ needs.
The Manager – Customer Due Diligence and Client Tax reporting will sit within the Fraud Credit Control Services team and will support the Head of Client Risk Management in the effective management of the CDD and CTR activities for WPB UAE.

KNOWLEDGE / EXPERIENCE

• Bachelor Degree is mandatory for UAE Visa and Work Permit
• Proven experience in financial services – AML/KYC roles
• High level understanding of all types of financial crime and CDD activities
• Knowledge of Retail banking and financial services products
• Understanding of the commercial considerations of business relationships combined with the ability to manage risk effectively and thoroughly in those client relationships
• Knowledge of the country regulatory environment.
• Working across all levels of the organization to understand cross-functional linkages and interdependencies, as well as the implications of risk at both a strategic level and at the business unit level.
• Experience of creating and leading a team as well as reorganization, change management and managing multiple projects.
• Has developed a satisfactory level of professional competence which helps to determine risk based solutions

SKILLS

• Support and manage teams
• Good negotiation skills and ability to effectively communicate at all levels.
• Independent and fearless decision-making ability and planning skills with a strong focus on execution.
• Administrative and Organizational skills
• Ability to build and work effectively within a team environment.
• Strong analytical and project management skills and ability to lead change and joining up with various teams
• Ability to form effective relationships and achieve influence at all levels in the organisation
• Communication and interpersonal skills, including the capacity to articulate the case for risk management
• Proven ability to prioritize competing demands
  For further details and application information please visit our careers site, searching under reference number 0000K7WQ.
  You’ll achieve more at HSBC.
  www.hsbc.com/careers
  HSBC is 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 believe diversity brings benefits for our customers, our business and our people. Different ideas and perspectives help us innovate, manage risk and grow the business in a sustainable way. 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 The Hong Kong and Shanghai Banking Corporation Limited.

IN THIS ROLE, YOU WILL:

• Ensure delivery to CDD requirements according to agreed priorities for WPB UAE.
• Derive the decisions relating to WPB/GPB CDD solutions/systems and processes and escalation of issues, risks and dependencies.
• Oversee and contribute to the CDD/CTR programme within the business, working with the relevant country and regional/global stakeholders.
• Ensure all escalations are handled in a timely manner.
• Review CRS and FATCA procedures periodically to ensure all the information is captured and is current.
• Ensure timely and accurate Tax reporting
• Support any system enhancements driven by Regional or Global team ensure to meet the requirement at market level.
• Support the delivery of CDD Core Releases, perform health-checks. Update procedure, CDD procedures, obtain approvals as required, escalate/cascade any incidents/defects /requirements and workarounds for UAE as appropriate.
• Oversee and drive the timely completion of CDD reviews for UAE, identifying streamlining opportunities, escalating blockages, analyzing the book of work volumes and FTE requirements, and working with Regional, Global and GSC sites to improve performance where possible.
• Provide concise and timely reporting and updates for various governance forums and committees on the status of CDD related to projects, key milestones, streamlining initiatives, blockages, challenges, risks and issues
  Requirements