VP Financial Crime CIB

HSBC Holdings plc; Bengaluru; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

HSBC Holdings plc in Bengaluru, India invites applications for a VP Financial Crime, CIB role within the FC CoE. The incumbent will support policy implementation, risk assessment, and RMF matters across CIB and HCIB, escalating issues when needed.

The position focuses on strengthening controls and responding to evolving regulatory requirements. The role requires senior-level collaboration with Risk, Audit, Legal and Compliance, plus engagement with regulators and industry bodies.

Responsibilities

• Support FC oversight and engagement relating to the implementation of FC policy within CIB & HCIB procedures, escalating concerns where necessary.
• Assist in identifying and assessing FC risks across CIB & HCIB and contribute to practical solutions within established policy and risk appetite.
• Act as a point of contact for FC Framework, Risk Metrics and RMF matters, drawing on senior colleagues where required.
• Support with Financial Crime Framework for HCIB & CIB on agreed framework priorities and strategic initiatives.
• Work with FC colleagues to analyse trends in MI, issues, audits and assurance reviews, and recommend proportionate enhancements.
• Provide support for Compliance Assurance and Audit activity relevant to CIB & HCIB.
• Monitor changes to business practices and products, assess FC control implications and contribute to process, procedure or system enhancements.
• Support risk stewardship activity relating to new and emerging risks, including ESG and Digital.
• Escalate actual or potential breaches of applicable laws, regulations or policy through established channels.
• Contribute to relevant industry-body activity where requested and share useful developments with stakeholders.
• Liaise with Internal Audit, Legal, Risk, Finance and Operations on relevant aspects of FC responsibilities.

Job description

Job Title: VP Financial Crime CIB

Financial Crime

The Financial Crime (FC) Function is a Second line of defence (LOD) function that includes 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the Group's businesses (also referred to as 'the First LOD' or 'FLOD'). The FC Function also operates a set of critical controls on behalf of the FLOD by harnessing intelligence, analytics, technology, detection and investigation. The Risk Stewards are responsible for reviewing and challenging all the activities of the FLOD to ensure that, as 'Risk Owners', they effectively manage the FC risk inherent in, or arising from, the conduct of their activities and for which they are responsible. FC risk is a non-financial risk that includes fraud, money laundering, bribery and corruption, sanctions violations, terrorist financing, proliferation financing, export control violations and tax evasion. The FC Function operates in accordance with HSBC Group's Risk Management Framework (RMF).

The VP, FC CoE, CIB supports the implementation of Risk Management Framework requirements, including Group FC policy implementation and procedure development across CIB & HCIB, and escalates risks as appropriate. Working under the direction of their line manager and Group FC stakeholders, the role provides focused subject-matter support across the following areas:

• Support FC oversight and engagement relating to the implementation of FC policy within CIB & HCIB procedures, escalating concerns where necessary.
• Assist in identifying and assessing FC risks across CIB & HCIB and contribute to practical solutions within established policy and risk appetite.
• Act as a point of contact for FC Framework, Risk Metrics and RMF matters, drawing on senior colleagues where required.
• Support with Financial Crime Framework for HCIB & CIB on agreed framework priorities and strategic initiatives.
• Work with FC colleagues to analyse trends in MI, issues, audits and assurance reviews, and recommend proportionate enhancements.
• Provide support for Compliance Assurance and Audit activity relevant to CIB & HCIB.
• Monitor changes to business practices and products, assess FC control implications and contribute to process, procedure or system enhancements.
• Support risk stewardship activity relating to new and emerging risks, including ESG and Digital.
• Escalate actual or potential breaches of applicable laws, regulations or policy through established channels.
• Contribute to relevant industry-body activity where requested and share useful developments with stakeholders.
• Liaise with Internal Audit, Legal, Risk, Finance and Operations on relevant aspects of FC responsibilities.

In this role, you will:

Impact on the Business

• Support the timely implementation of changes to financial crime risk requirements across CIB & HCIB.
• Contribute to the ongoing review of the control framework and identify potential enhancements in response to financial crime risk developments.
• Support programmes that assess the impact of regulatory change and coordinate agreed updates to procedures, read-across activity and control enhancements.

Customer / Stakeholders

• Liaise with relevant stakeholders and provide subject-matter support on financial crime matters within the role's remit.
• Prepare timely and relevant risk information for management and appropriate governance forums.
• Support delivery of agreed process and change activity, coordinating inputs from relevant teams.
• Support engagement with regulators and industry bodies where required, with appropriate senior oversight.
• Maintain constructive working relationships with colleagues in Risk, Audit, Finance and the business at Group and Entity levels.

Leadership and Teamwork

• Work effectively as part of the wider FC team, contributing to agreed priorities and delivery plans.
• Maintain positive and professional working relationships with business stakeholders, Risk and Compliance colleagues and FC Risk Stewards at Group and Market / Entity level.
• Share knowledge, lessons learned and good practice across the function.
• Support colleagues through collaborative working and informal coaching where appropriate.
• Contribute to an inclusive environment that supports diversity, open communication and effective knowledge sharing.

Operational Effectiveness and Control

• Support the consistent application of relevant operating practices and standards across Financial Crime.
• Contribute to updates to relevant GSMs, FIMs, BIMs and dispensations arising from regulatory or business change.

To be successful you will:

• Support resolution of identified issues and expedite material concerns to management through established channels.
• Maintain and observe HSBC control standards and support implementation of Group FC Policy and agreed audit or regulatory recommendations.
• Maintain awareness of operational risk within the assigned portfolio and contribute to its identification, assessment, mitigation, control and reporting.

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