Financial Crime Compliance Manager

  • tbd
  • Luxembourg
  • Permanent, Full time
  • HSBC Bank plc, Luxembourg Branch
  • 12 Feb 18 2018-02-12

Financial Crime Compliance Manager

HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 3,900 offices in 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa.

With assets of US$2,526bn at 30th September 2017, HSBC is one of the world’s largest banking and financial services organisations

HSBC provides a comprehensive range of financial services through four global businesses: Retail Banking & Wealth Management; Commercial Banking; Global Banking and Markets; and Global Private Banking.

The HSBC Group in Luxembourg is a significant employer and operates several businesses including asset management, securities services, private banking and corporate banking.

HSBC Luxembourg has a Compliance function which supports the various business entities in Luxembourg. As part of this support we are looking for a motivated individual to join the AML team within the Compliance function, as such we are recruiting for the position of:


Financial Crime Compliance Manager
Permanent contract

Role and Responsibilities:

Managed by the Head of AML and jointly with GBM FCC Team, you will be accountable for the implementation of Financial Crime Risk Compliance CDD policies in the GBM business in Luxembourg (including Depositary, Custodian, Fund Accounting, Transfer Agency services) and Global Liquidity and Cash Management for Corporate Banking clients. 

Practical tasks include the following:

• Deal with escalations from screening and negative news alerts and concurrence of NTB and refresh/trigger of ETB. Essentially all things related to client CDD for HSS and GB GLCM.
• Ensure that compliance controls and procedures are in place to enable the GBM line of businesses to comply with all AML and CTF, Sanctions and Anti-Bribery & Corruption relevant regulations, law and codes in accordance with the HSBC Group Compliance Policy and for assisting the oversight of FCC risks to ensure they are properly monitored and controlled within the GBM business in Luxembourg. In particular, the FCC Manager will provide detailed practical technical compliance advice to the business, for client KYC reviews and for 2nd Line of Defence compliance monitoring and testing.
• Monitor and tackle the progress of initiatives underway which fall under the umbrella of Financial Crime Risk and Global Standards, and provide policy advice related to all business line products, services and clients within HSS/GLCM.
• Support the GBM business line in Luxembourg on a daily basis.  May support the other business lines, as the FCC (Financial Crime Compliance) team adopts a cross business line model. 


Professional Skills and Experience;
• Dynamic, enthusiastic and self-motivated person with a naturally proactive approach;
• University graduate in Banking, Audit, Compliance or Legal;
• Minimum 5 years’ experience in a Compliance function, ideally within GBM (Securities Services);
• An understanding of the international anti-money laundering financing regulatory framework, preferably with  experience to legal and regulatory requirements in Luxembourg, and best practice standards;
• Previous experience of dealing with and discounting screening escalations;
• Good knowledge of CDD requirements for different entity structures;
• Good interpersonal, written and verbal communication skills;
• Ability to work under pressure, both autonomously and within a team and consistently meet deadlines;
• Excellent knowledge of Word and Excel;
• Fluency in English required, French and/or any other European language desirable.

If you want to work in our challenging and multicultural environment and be part of a global team, please send your application letter and curriculum vitae (in English) to:

HSBC in Luxembourg strives for true diversity in its workforce and as such we are an equal opportunities employer and positively encourage applications from all suitably qualified candidates.

Please note that due to the volume of applications received, we will acknowledge your application only if we wish to proceed to interview. If you have not received a response within 4 weeks your application has not been successful.

Please also note that every selected candidate will have to provide us with a valid criminal record check in due time.