HSBC Innovation Banking supports forward‑thinkers, future‑makers and leap‑takers across the technology and life science sectors with flexible banking solutions for start‑ups, scale‑ups and growth businesses.
Role
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. The role designs, implements and oversees effective anti‑money laundering (AML) and financial crime controls to ensure business activities align with regulatory expectations and internal risk appetite, embedding a proactive risk and control culture across client onboarding, transaction monitoring and ongoing client management.
Responsibilities
- Lead the Financial Crime Risk Management Framework across AML, Sanctions, AB&C, Tax Transparency and Fraud, including RCAs and overall control environment effectiveness.
- Serve as the primary AML subject‑matter expert, providing timely guidance and maintaining awareness of emerging typologies, trends and enforcement actions.
- Support the business to identify, assess and mitigate AML/CTF risks across products, clients and geographies.
- Provide financial crime risk input to new product approvals, strategic initiatives and client onboarding, retention and exit decisions.
- Design and maintain end‑to‑end AML control frameworks across the customer lifecycle; monitor effectiveness via KPIs, KRIs and MI, and lead escalation and remediation of material issues.
- Line‑manage Managers and Senior Associates covering Sanctions, AB&C, Tax Transparency and Fraud risk, and oversee Financial Crime Operations; coach teams on risk ownership and accountability.
- Lead the delivery of the Enterprise‑wide Risk Assessment (EWRA), ensuring comprehensive identification and assessment of inherent and residual risks across products, clients, channels and geographies; embed results into strategic decision‑making.
- Working closely with the Financial Crime Business Risk Manager responsible for the coordination and update of RCAs across AML, Sanctions, AB&C, Tax Transparency and Fraud.
- Work closely with HINV UK Financial Crime (2LOD) to seek advice on complex global financial crime matters and policy interpretation, serving as a FLOD escalation point for HINV UK financial crimes activity and providing guidance to FCRC.
- Partner with FLOD business and product areas, the HINV UK Client Lifecycle Management team, and global Business Financial Crime Risk teams.
- Support the wider team undertaking Special Category of Client (SCC) assessments, including Enhanced Due Diligence and Account Activity Reviews, and Reputational Risk assessments.
- Exercise delegated FLOD decision‑making authority from the HINV MLRO in line with documented Financial Crime Delegated Authorities.
- Support responses to regulatory requests, audits and reviews, translating regulatory change into practical control enhancements.
- Deputise for the Head of FCRC as required, including at RRCSC and the Financial Crime Forum, reporting on and developing KPIs/KRIs, risks, issues, trends and mitigating actions.
- Produce high‑quality MI and senior management reporting, providing clear insights, trends and recommendations to support governance.
- Promote a strong risk and compliance culture in the First Line, delivering targeted AML training and awareness aligned to business activities and heightened risks.
Requirements & Skills
- Extensive experience in senior Financial Crime risk management roles within the financial services industry, developing and monitoring compliance management processes.
- Extensive experience in AML and Financial Crime within banking, fintech or financial services; deep understanding of AML frameworks, CDD, EDD, transaction monitoring and sanctions screening.
- Demonstrated ability to operate across diverse business units, innovative product sets and a broad array of customer segments.
- Proven senior stakeholder management and committee representation as a Financial Crime subject‑matter expert.
- Experience leading and managing teams performing financial crime risk management.
- Strong knowledge of financial crime risks and the prevention and mitigation processes and controls.
- Advanced knowledge of control frameworks and the ability to design and assess compliance programs and evaluate effectiveness of controls embedded within business processes.
- Strong understanding of the compliance and regulatory frameworks that apply to financial institutions regulated by the FCA and PRA in the UK.
- ICA or ACAMS qualifications desirable.
Skills
- Collaborates through a proactive/constructive dialogue with senior management, peer leaders, clients, committees and regulators.
- Risk‑based decision making.
- Leadership and management skills; ability to recruit, retain, mentor and develop talent.
- Confidence and judgement to express well‑reasoned opinions, constructively challenge the status quo and think critically.
Where you’ll be based: Our home office in Finsbury Square, London. We offer hybrid working, currently requiring presence in the office two days per week.
At HSBC, we are committed to creating diverse and inclusive workplaces. We offer an interview to people with disabilities, long‑term conditions or neurodivergent candidates who meet the minimum criteria for the role. If you require accommodations, please contact our Recruitment Helpdesk via hsbc.recruitment@hsbc.com.
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