Senior Manager, Financial Crime Corporate and Institutional Banking “CIB”, UAE

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Role Purpose:

Senior Manager, CIB Financial Crime Compliance, UAE - is a key risk management role in the second line of defense with stewardship responsibilities covering AML, Sanctions, Tax Evasion and Anti-Bribery and Corruption risks. The role will work with specialist compliance sub functions and business stakeholders to proactively oversee and steward the Financial Crime Compliance Risk profile of CIB in line with the HSBC Group’s Non-Financial Risk Management Framework. The candidate will work on various workstreams to ensure that new strategies, products/ services introduced in UAE meet the Financial Crime Compliance requirements and that the business is conducted in accordance with all applicable laws, rules, regulations and codes of practice.

This leadership role provides the opportunity to collaborate and represent Financial Crime Compliance assessments and vision working with senior management, regulators, functional stakeholders, and direct team members to create an inclusive, high performing, customer-centered Financial Crime Risk culture.

Duties Responsibilities:

• Fulfill Financial Crime Stewardship responsibilities in line with the Group’s Non-Financial Risk Management Framework including policy and regulatory management, independent advice and challenge, risk and control framework assessments, governance and oversight.
• Explain Financial Crime policy requirements related to CIB Corporate and Institutional segments and product propositions including Payments and Trade Services
• Lead independent oversight and support the risk management practices and Financial Crime risk culture across CIB ensuring the business objectives are aligned to regulatory requirements.
• Communicate and drive the implementation of financial crime regulatory requirements impacting CIB, with localized policies and procedures supporting stakeholders to meet all regulatory requirements pertaining to the segments coverage and product offering
• Independently review, assess and challenge the CIB Financial Crime Risk Profile and control environment with representations made to internal and external stakeholders including regulators, senior management, auditors, internal governance, control and risk management meetings.
• Lead a proactive approach towards the identification of Business Model and infrastructure change initiatives in country impacting the Financial Crime compliance risk profile. Ensure the continuing development, implementation and improvement of processes, structures, capabilities, capacity and systems needed to deliver agreed plans and targets, collaborating with colleagues to maximize end to end integration, effectiveness and efficiency.
• Work with Regional CIB FC Advisory teams to ensure compliance issues and local requirements are adequately assessed and considered for globally led CIB Product propositions and strategies
• Protect the business through core contributions to risk forums, notably regarding Customer Due diligence controls, product development/risk assessment, client selection in consultation with Compliance colleagues across the specialist sub-functions.
• Set expectations, share best practice to manage, monitor, coach and develop leaders and team members to maximize performance, meet the required standards, and continuously develop their capabilities and experience.
• Define training requirements for CIB teams and Own function to support continuous education and promotion of a financial crime compliance risk culture.
• Collaborate with control functions, assurance and audit, working with the Regional and UAE Compliance functions to create an effective Compliance plan to manage the identified risks and develop solutions to mitigate them
• Deliver fair outcomes for our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
• Establish and maintain a robust and efficient control environment across Compliance to ensure good operational, financial and project management and compliance with HSBC policy and procedures, together with early identification and effective resolution or escalation of issues that arise.
• Encourage constructive cross-country and cross-business teamwork by demonstrating collaboration and matrix management in action and taking prompt action to address any activities and behaviors that are not consistent with HSBC's diversity policy and/or the best interests of the business and its customers.