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.
Regulatory Compliance ensures adherence to applicable regulations and standards by setting the policies which cover HSBC’s regulatory requirements, and mitigate conduct and reputational risk issues. The team strives to remain ahead of the regulatory change agenda and ensures the business understands the implications and is prepared for change. It monitors how the Global Businesses and Functions manage their responsibilities with regard to complying with the regulations and helps resolve compliance deficiencies.
We are currently seeking a high calibre professional to join our team as a Vice President, Financial Crime Advisory.

In this role you will

• Exercise risk stewardship over Financial Crime Compliance (FCC) risks of the Business, by challenging the Business on their assessment of such risks, their control environment, considering business activities, providing advise on regulatory requirements, helping to assess the risk impact from internal and external events, and the sufficiency of proposed controls to mitigate such risks
• Assist in driving all objectives and initiatives of the FCC function in relation to Anti-Money Laundering (AML), counter proliferation, anti-bribery/anti-corruption, sanctions, tax transparency and anti-fraud adopted for Wealth Personal Banking Singapore (WPB SGH), in order to ensure that they are properly established and effective, and are operating in accordance with the requirements and guidelines set by the HSBC Group, the Monetary Authority of Singapore (MAS), the Hong Kong Monetary Authority (HKMA) and the relevant laws of Singapore
• Have the second line accountability for hands-on experience in FCC regulations which includes AML, Sanctions, fraud, and Anti Bribery & Corruption (AB&C) guidelines/circulars; regulatory expectation and competition knowledge on FC matters, providing appropriate investigation, assessment and escalation of potential regulatory breaches and issues to Head Financial Crime (FC) Risk – WPB SGH
• Be required to provide proactive challenge on FC related controls and its effectiveness on an ongoing basis, provide support to Product launches with FC risk assessment and customer’s FC risk assessment. The role requires active participation in industry forums and public private partnership projects with regulator and industry banks. These are face to face sessions which require active participation from role holder to represent HSBC in the industry forum
• Undertake gap analysis on local regulation/changes to the guidelines and provide support to business for implementation

Requirements

To be successful you will need

• Degree holder with extensive work experience in AML/Countering The Financing Of Terrorism (CFT)/Sanctions/Fraud/AB&C to be able to exercise sound judgement in implementing various strategic business led AML/CFT and FCC projects.
• Should have knowledge and understanding of Singapore regulatory requirements and expectations under the MAS AML/CFT notices and associated notices, guidelines, circulars, information papers. In addition, it would be desirable to have knowledge on HKMA regulations linked to AML/CFT
• Strong awareness of risk management and uphold risk culture, to be able to advocate and challenge the Business on their risk assessments and the sufficiency of proposed controls
• Excellent communication and inter-personal skills, with experience of dealing with executives at all levels including articulation of events, risk exposure and policy requirement. This would include experience in authoring executive papers and presentations for governance forums
• Experience of dealing with regulatory matters and confident interaction with senior managers and Regulators, if need be
• Open to look at candidate from consulting background with forensics and AML exposure. A diploma in AML (as obtained through the International Compliance Training Academy) and / or ACAMS (Certificate of Anti-Money Laundering Specialist) or Institute of Banking and Finance would be useful, although not mandatory

To be considered for this role, the relevant rights to work in Singapore is required.