Vice President, Financial Crime Advisory - Risk and Compliance

HSBC; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

A leading financial institution in Singapore is seeking a Vice President for Financial Crime Advisory. The role focuses on ensuring adherence to compliance standards, managing FCC risks, and driving objectives related to Anti-Money Laundering and other financial regulations. The ideal candidate will have extensive knowledge in FCC regulations and a proven track record in risk assessment.

Qualifications

• Experience in Financial Crime Compliance, particularly in AML, sanctions, and fraud.
• Capability to handle regulatory compliance responsibilities effectively.
• Hands-on experience in conducting risk assessments.

Responsibilities

• Exercise risk stewardship over FCC risks.
• Drive FCC objectives related to AML and other compliance areas.
• Conduct gap analysis on local regulations.

Skills

AML knowledge

Regulatory compliance

Risk assessment

Analytical skills

Stakeholder engagement

Job description

Some careers grow faster than others.

If you’re looking for a career that offers plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you aim to reach the top or explore new directions, HSBC provides opportunities, support, and rewards to help you advance.

Regulatory Compliance ensures adherence to applicable regulations and standards by setting policies that cover HSBC’s regulatory requirements and mitigate conduct and reputational risks. The team stays ahead of regulatory changes, ensuring the business understands implications and is prepared for change. It monitors how Global Businesses and Functions manage compliance responsibilities and helps resolve deficiencies.

We are currently seeking a high-caliber professional to join our team as a Vice President, Financial Crime Advisory.

Principal Responsibilities

In this role, you will:

• Exercise risk stewardship over Financial Crime Compliance (FCC) risks by challenging the Business on risk assessments, control environments, and regulatory compliance, providing advice on regulatory requirements, assessing risk impacts, and evaluating control sufficiency.
• Assist in driving FCC objectives related to Anti-Money Laundering (AML), counter-proliferation, anti-bribery/anti-corruption, sanctions, tax transparency, and anti-fraud for Wealth Personal Banking Singapore (WPB SGH), ensuring compliance with HSBC Group standards, MAS, HKMA, and Singapore laws.
• Hold second-line accountability with hands-on experience in FCC regulations, including AML, sanctions, fraud, and AB&C, providing investigation, assessment, and escalation of potential breaches to the Head of Financial Crime Risk – WPB SGH.
• Proactively challenge FC controls and effectiveness, support product launches with FC risk assessments, and participate actively in industry forums and public-private partnership projects with regulators and industry banks.
• Conduct gap analysis on local regulations and provide support for implementation within the business.