The Opportunity:
The Assistant Vice President, Risk Stewardship – Sanctions, will join a team of sanctions risk experts, supporting the risk stewardship teams across global, regional, market, business lines, and functions. In this role, you will provide advisory support and influence the direction of the risk discipline, effectively identifying and mitigating financial crime (FC) risks.
What You’ll Do:
- Provide subject matter expertise, guidance, and advice to the First Line of Defence (FLOD).
- Assist in managing FC risks by overseeing and directing business controls as outlined in the Global Line of Business procedures and HSBC’s Global Policies and Procedures.
- Collaborate with FLOD and Second Line of Defence (SLOD) to ensure transparency regarding risk assessments, control evaluations, ongoing remediation plans, and event triggers for both internal and external events.
- Foster strong partnerships at global, regional, and country levels, working across the entire FC structure, as well as with business lines and functions, including DBS where applicable.
- Prepare, review, challenge, and consolidate accurate data, reports, and presentations for key executive meetings and forums.
- Support the development and maintenance of the risk stewardship view, assessing the effectiveness of the financial crime risk framework, and ensure this view is consistently communicated to relevant risk governance meetings.
- Develop and implement best practices, standards, and procedures for overseeing and reporting on risks.
- Act as an SME in supporting projects related to financial crime performance, governance planning, training, etc.
- Ensure that all standards, policies, and procedures are designed to meet regulatory requirements, and that they are clearly communicated and understood by stakeholders.
- Contribute to the creation and communication of a compelling vision that inspires and engages people with HSBC’s values and goals, fostering an inclusive, high-performance, customer-centered culture.
- Collaborate effectively within a team, taking leadership when appropriate, and contributing to the team’s success through proactive communication, initiative, cooperation, ownership, and identifying improvements.
What You Will Need to Succeed in the Role:
- 8-10 years of overall experience in the banking or financial services industry.
- At least 4-5 years of experience in financial crime or business risk functions.
- A strong understanding of sanctions risks and how financial crime controls mitigate these risks, as well as the underlying activities that form the risk management framework.
- Strong interpersonal skills with the ability to collaborate and network with stakeholders and clearly articulate the importance of risk management.
- Excellent communication skills (oral, written, and presentation) with the ability to influence others using compelling facts, logical reasoning, and diplomatic resolution of differing opinions.
- Experience in interpreting and analyzing large volumes of information/data and providing concise summaries for management.
- Ability to lead change, collaborate with other teams in risk, compliance, and business functions globally.
- Ability to work independently, manage distinct tasks, escalate appropriately, and analyze situations critically to recommend effective solutions and anticipate regulatory concerns.
- Strong critical thinking and analytical skills, with the ability to make informed, risk-based decisions backed by solid rationale.
- Effective time management and prioritization skills, with the ability to handle competing demands and meet strict deadlines.
- Proficiency in MS Office Suite (PowerPoint, Excel, Word) is essential; knowledge of VBA/Macros is an added advantage.
What Additional Skills Would Be Beneficial:
- ACAMS or International Compliance Association (ICA) certification/diploma, or other equivalent qualifications.
- Working knowledge of the Global Non-Financial Risk (NFR) Framework and Technical User Guides (TUG).
- Familiarity with the line of business or function being supported, as well as relevant compliance risk policies and regulations.