Assistant Sanctions Manager Policy and Governance - Financial Crime Compliance

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • HSBC
  • 27 Sep 16

Assistant Sanctions Manager Policy and Governance - Financial Crime Compliance

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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 caliber professional to join our team as Assistant Sanctions Manager Policy and Governance.

Principal responsibilities

  • Ensuring Regional Governance to all aspects of the Policy
  • Effective communication of the Policy and updates throughout the Region
  • Supporting the preparation of Licencing requests at a Country level
  • Support the Regional Policy Management Team Lead with all Policy related matters, provide Regional level Subject Matter Expertise regarding the Policy
  • Managing, identifying, mitigating and escalating Sanctions risk within region in relation to Policy events and deviations a proactive and continuous manner
  • Effectively supporting all change activity in relation to the Policy and Governance Team
  • Oversee Governance to the Policy across Region, including but not limited to the review of related Sanctions Guidance and Operating Procedures
  • Identify, impact assess and oversee Regional compliance with Policy, Global Sanctions regulatory changes and Country level compliance with local regulatory changes
  • Assist in the creation and make recommendations for sign off against Regional supplements where required
  • Where identified escalate potential Policy breaches in the appropriate manner to the required escalation point and agree the remedial action plan with the relevant Countries
  • Identify potential breaches of Sanctions within Region and provide full documentation to and support to Regional Policy Management Team Lead and Regional Head of Sanctions
  • Conduct root cause analysis within the Regional Policy and Governance Team and identify and report and trends within the data to the Regional Policy Management Team Lead
  • Provide support to in Country teams in the identification and preparation of Licencing request as required
  • Support Regional Policy Governance Manager in the communication and operation of a Sanctions related records retention policy for the Region
  • Ensure that all work is completed within agreed service level agreements, with appropriate escalation and mitigating actions for items not meeting service level agreements
  • Manage Regional process to oversee service level agreements for regional outsourced activity, ensuring compliance with Policy
  • Engage in effective communication across the Region and within the Regional Policy and Governance team, helping to cultivate and environment that supports diversity, reflects the HSBC brand and improves employee engagement
  • Take personal responsibility for training, performance management, career management and succession planning thorough one to one sessions with line manager
  • Ensure development activities are a core priority and ensure reasonable time is taken for learning and developmental activities
  • Foster positive and professional working relationships within financial crime compliance and other Sanctions Teams at a Regional Level
  • Manage Regional process to oversee service level agreements for Regional outsourced activity, ensuring compliance with Policy
  • Participate in periodic reviews of the Sanctions Standard with regards to procedures and risk based approaches
  • Participate in the analysis of collated Regional Management information to identify trends, anomalies and potential process improvements to continually improve the management and mitigation of Sanctions risk within region
  • Oversight to the completion of the Country Level Enterprise Wide Risk Assessment, providing support in any Policy related escalations
  • Identifying, mitigate and escalate Sanctions risk within Region in a proactive and continuous manner
  • Support the implementation of globally led Sanctions change initiatives that impact Regional Policy and Governance Team
  • Liaise with relevant stakeholders within the Global Sanctions Team to provide support and expertise on all regional Sanctions related matters and more specifically around the Global Sanctions Policy and Governance
  • Work collegiately with Internal Audit to ensure effective deployment of agreed Regional audit strategies, providing support to all Regional Policy and Governance team actions
  • Provide full details of any updates and actions on audit findings within Regional Policy and Governance Team to Regional Policy Management Team Lead in a timely manner
  • Maintain oversight of all changes to Policy and awareness of agreed schedule of implementation of Sanctions Controls
  • Maintain and observe all HSBC control standards including the timely implementation of recommendations made by internal external auditors and external regulators
  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators
  • Contributes to the Regional adherence to the Policy, ensuring that any potential breaches are managed in line with procedures and are escalated correctly and in a timely manner
  • Provides support in managing Sanctions risk for HSBC
  • Maintain awareness of operational risk within direct reporting line and across the region and minimise the likelihood of it occurring
  • Supports businesses and functions to address any actual and potential Sanctions compliance issues
  • The role holder is required to be able to implement an effective governance structure and process across the region and keep up to date on the Group strategy on improving the Sanctions governance process


Qualifications
Requirements
  • Risk professional with experience in one or more risk compliance roles, to include Sanctions experience
  • Knowledge of Sanctions regulations and guidance
  • Knowledge of the HSBC Group structure, its business and personnel, and an understanding of HSBCs corporate culture
  • Experience within the financial services industry
  • Lateral thinker with an ability to interpret and solve complex issues
  • High level of English language skills
  • Excellent communicator with strong inter personal and influencing skills
  • Ability to adapt to change and provide input where necessary
  • Ability to develop practical, cost effective solutions to complex issues
You'll achieve more when you join HSBC.

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