Assistant Vice President, Business Financial Crime

**Some careers open more doors than others.**

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Finance is integral to HSBC’s purpose and strategy, playing a valued role in managing costs and deploying capital in the most effective way. Our global team of finance professionals partner with the business to provide trusted insights and forward looking analysis; accuracy; efficiency and control to frame and influence business decisions.

We are currently seeking a high calibre professional to join our team as an **Assistant Vice President, Business Financial Crime and Regulatory Risk.**

**Principal Responsibilities**

A. Business as usual FCR
- The Insurance FCR Management
- Prepare and assist in the MI data extraction, management and reporting FCR Forums and Committees
- Support the review and accurate information flow for monitoring, trigger events and investigation on FCR
- Support and assist Insurance Financial Crime agenda through all applicable internal meetings
- Monitor visits, recommendations and remedial action plans
- Prepare, extract & support Manger to furnish Senior Management with data MI, information, test & challenge accuracy and completeness appropriately
- Review & assess the applicable remedial action plans. Facilitate & maintain oversight of other plans
- Sanctions, AML and AB&C related policy changes
- Assist in embedding policy changes in the Insurance entities
- Ascertain coordination and consistent execution across the Insurance business
- Financial Crime related management information and key risk indicators
- Prepare, extract & support Manger in reports for meetings and for submissions to stakeholders, Senior Management on data MI, information
- Review, challenge and improve data reporting process for accuracy and completeness
- Work with all Lines of Business, Insurance Business Services & High Net Worth Ops teams, etc. to ascertain the oversight of Financial Crime Services are robust & policies and guidance are adhered to
- Monitor the measures are developed, implemented and effective across business / function Operations
- Assist to establish, benchmark and monitor performance for Insurance locally
- Financial Crime Operations
- Assist in preparing FCR policies and communicate update to business and functions
- Provide content to FCR reports and MI for reporting to local and Group Insurance and FCR team
- Assist in FCR operations monitoring to evaluate the effectiveness of tracking and escalation
- Prepare FCR registers to ensure they are accurate, complete and up to date
- Review and test FCR controls design and effectiveness
- Assist in FCC data and exit management

B. Regulatory and Conduct Risk
- Conduct Risk
- Assist to review of Conduct Risk Maturity Assessment on Insurance & roll out relevant business & functions
- Prepare oversight of Conduct Risks to Senior Management
- Coordinate with all Lines of Business, Wealth, Marketing, Distribution, Insurance Business Services teams, etc. to ascertain the oversight of Conduct risk are robust & policies and guidance are adhered to
- Ascertain that measures are developed, implemented and effective across business Operations
- Assist to establish, benchmark and monitor performance for Insurance locally
- Governance & Regulatory
- Prepare gap analysis on new and updated policy
- Assist in embedding policy changes within Insurance
- Ascertain compliance and coordinate a consistent execution of regulatory controls within Insurance
- Tax Compliance & Reporting
- Coordinate with Lines of Business and Insurance Operations teams to ensure compliance with the annual FATCA and CRS reporting obligations
- Coordinate with Group/ASP Tax and Insurance Operations to ensure compliance with foreign tax jurisdiction such as UK chargeable event reporting obligations
- Support Insurance operations teams on BAU tax compliance matters

C. Assist VP and cover for AVP of Business Financial Crime and Regulatory Risk (BFCRR)
- Stand in to assist BFCRR line managers and VP / AVP on their tasks, assignments and deliverables

Requirements

**Requirements**:

- Educated to degree level in Accountancy, Finance, Business Administration, Technology or related field
- Good record of operational excellence and change execution
- Proven ability to manage data extraction, MI analytics, investigate issues and solve compliance anomaly
- Experience of managing Audit or Internal Control teams
- Demonstrable insurance business knowledge
- Able to plan, track and control operational activities
- Understanding of HSBC strategy, organisation, systems and processes
- Knowledge of the external environment - regulatory, political, competitors etc.
- Drive and motivation to ensure delivery in a challenging environment
- Track re