Vice President, Financial Crime Sanctions - Global Functions

at  HSBC

Job description

SOME CAREERS HAVE MORE IMPACT THAN OTHERS.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. 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.
Financial Crime Compliance aligns current activities within Global Risk and helps to build these into a more integrated framework to conduct Customer Due Diligence which enables HSBC to manage financial crime risk more effectively. It builds stronger controls to improve the way Financial Crime Compliance risks are managed in order to spot gaps as well as trends so that the team can take action. It proactively gathers and analyses financial intelligence in a smart way so that suspicious transactions, activities or connections can be identified and we can adequately protect our customers from the threat of financial crime.
We are currently seeking a high calibre professional to join our team as a Vice President, Financial Crime Sanctions.

Principal Responsibilities

• Monitor Trade, Economic and Financial Sanctions (including sanctions programs administered by the U.S. Office of Foreign Assets Control, United Nations, European Union and HM Treasury’s Financial Sanctions, (collectively referred to herein as “Sanctions”), and global risk management framework to meet legislative and regulatory requirements in Singapore
• Assist Head of Sanctions in providing oversight and management, of all aspects of Financial Crime Risk on Sanctions including impact analysis of regulatory changes within Singapore
• Collate potential breaches of sanctions from across the business lines & subsidiaries in Singapore, report management and escalate to Heads of Sanctions
• Act as point of contact for internal stakeholders in relation to Sanctions risk (including regulators) within Singapore
• Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate policy and framework to manage the changes
• Participate in and work with relevant local industry bodies and groups in relation to Sanctions related initiatives, trends and proposals
• Provide advice to business across Singapore on sanctions risk associated with prospective business, products and service and design mitigation controls and implement strategies as appropriate

Requirements

• Minimum 6-8 years of compliance experience of which 3 years in sanctions compliance advisory experience in financial institutions
• Knowledge of MAS, OFAC/UK/EU sanctions regulations and guidance
• Added advantage with certification from International Compliance Association (ICA) or Association of Certified Anti-Money Laundering Specialist (ACAMS))
• Possesses critical thinking and having an analytical mindset with ability to interpret and address sanctions issues independently
• Excellent communicator with strong inter-personal and influencing skills
• Good team player who collaborates well with stakeholders

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

• Monitor Trade, Economic and Financial Sanctions (including sanctions programs administered by the U.S. Office of Foreign Assets Control, United Nations, European Union and HM Treasury’s Financial Sanctions, (collectively referred to herein as “Sanctions”), and global risk management framework to meet legislative and regulatory requirements in Singapore
• Assist Head of Sanctions in providing oversight and management, of all aspects of Financial Crime Risk on Sanctions including impact analysis of regulatory changes within Singapore
• Collate potential breaches of sanctions from across the business lines & subsidiaries in Singapore, report management and escalate to Heads of Sanctions
• Act as point of contact for internal stakeholders in relation to Sanctions risk (including regulators) within Singapore
• Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate policy and framework to manage the changes
• Participate in and work with relevant local industry bodies and groups in relation to Sanctions related initiatives, trends and proposals
• Provide advice to business across Singapore on sanctions risk associated with prospective business, products and service and design mitigation controls and implement strategies as appropriat