Associate II - Financial Crime Risk and Controls

hackajob is collaborating with HSBC to connect them with exceptional professionals for this role.

HSBC Innovation Banking is the power behind the UK’s forward-thinkers, future-makers, and leap-takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards IPO typically within the technology and life science sectors.

The HSBC Innovation Banking UK (HINV UK), Financial Crime Risk & Controls (FCRC) team is a First Line of Defence (FLOD) team responsible for identifying, investigating and monitoring relationships that pose a money laundering or terrorist financing risk in support of all legal and regulatory requirements relating to anti-money laundering (AML) and counter terrorism financing. FCRC also has responsibility for reviewing and assessing Sanctions, Anti-Bribery & Corruption (AB&C), Tax Transparency, Fraud and Reputational Risk considerations for both existing clients and new prospects.

Responsibilities

• Reviewing client relationships that meet HSBC’s high risk business categories and geographies and performing reviews of existing clients and prospects.
• Supporting Manager with day-to-day running of CCD portfolio (Climate, Consumer, Deeptech / Defence), including handling caseload and queries, and enhancing working knowledge in the sector and relevant specialisms.
• Reviewing and responding to NBFI related queries that are outside of EDD requirements.
• Serving as an SME for Relationship Teams to aid in identification of prospects & existing clients that may have increased AML, ABC or sanctions risk due to business model or geographic location.
• Reviewing and responding to financial crime related queries from the FLOD including reputational risk considerations.
• Assist clients/prospects to ensure compliance with HSBC’s high risk and sanctions requirements including internal scheduled and triggered refresh review escalations regarding client matters.
• Undertaking financial crime risk assessment including Special Category of Client (SCC) reviews, Enhanced Due Diligence and assessment of Actionable Intelligence alerts (including PEPs, Adverse Media and Account Activity Reviews).
• Escalation of issues in a timely manner for review and resolution in relation to financial crime including knowledge of SAR escalation.
• Supporting change in the right way and recommending enhancements to processes and procedures to ensure the firm remains compliant whilst aligning to a risk-based approach.
• Maintaining current industry awareness and demonstrating awareness and competence in relation to regulatory obligations.
• Providing guidance and direction to FLOD colleagues to ensure they remain protected from financial crime risks and embedding an effective financial crime risk culture.
• Assisting clients/prospects to ensure compliance with HSBC financial crime risk assessment requirements.
• Assisting with internal ongoing due diligence review escalations regarding client matters (including both financial crime and reputational risk considerations) and supporting the preparation of papers to Reputational Risk and Client Selection Committees where required.
• Working closely with HINV Financial Crime in the Second Line of Defence to seek advice on complex global financial crime matters and serving as the FLOD escalation point of contact for financial crimes activity for HSBC.

Requirements (Skills/experience)

• Good knowledge of financial crime legislation including Anti-Money Laundering, Counter Terrorist Financing and Sanctions.
• Good knowledge of Defence, Consumer & Climate related technologies.
• Understanding of NBFI’s (Cat 1 / Cat 2).
• Solid experience related to financial crime compliance risk management processes.
• Good working knowledge of financial crime and/or fraud prevention within the UK regulatory environment.
• Good understanding of a wide range of business sectors and niche sectors of innovation with complex business models.
• Strong individual contributor with the ability to work effectively as a team.
• Able to demonstrate initiative and have strong verbal and written communication skills.
• Good time management and attention to detail are critical to this position.
• Good judgement, analytical, research, organizational, and project management skills.

Where You’ll Be Based

Our home office in Finsbury Square, London. We offer hybrid working to our employees, so you can flex between home and the office, with a current requirement to be in the office 2 days per week.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.

We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role. If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk.