Overview
Looking for candidate having financial crime compliance advisory experience.
We are seeking a skilled Financial Crime Compliance advisor to join our CIB Compliance team. The successful candidate will play a critical role in advising on and implementing compliance programs and local regulatory requirement related to financial crime, including anti-money laundering (AML), counter-terrorist financing (CTF, sanctions, and anti-bribery and corruption (ABC). Candidates having banking product knowledge pertaining to Global Trade Solutions will be preferred.
Job Description:
COMPLIANCE:
– The Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” the Regulatory and Financial Crime Compliance risks[1] inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of ‘Risk Stewards’ who are independent of the commercial risk-taking activities undertaken by the First LOD. The Compliance function is a Risk Steward for a number of non-financial risks in accordance with Group’s risk framework.
– The VP Financial Crime – Transaction Banking (GTS & GPS), for HBAP INM is an accountable executive responsible and supporting the Head of FC Compliance Advisory – CMB and GBM in ensuring that operations in HBAP INM CMB and GBM are effective in identifying, managing, and mitigating Financial Crime risks and ensure timely advice is provided to the business.
The responsibilities of the VP Financial Crime- Transaction Banking (GTS & GPS), India are to:
– Primarily to support CMB & GBM Advisory, to maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices with primary focus on CMB and GBM area.
– Articulate the Financial Crime risks for HBAP INM CMB & GBM.
– Provide advisory services to HBAP INM CMB & GBM business to ensure clear understanding of compliance risk exposure with respect to clients, transactions, and products.
– Manage the relationship with relevant regulators on behalf of HBAP INM CMB & GBM.
– Be responsible for second line governance of Financial Crime risks exposures, providing analysis, reporting and governance to HBAP INM CMB & GBM that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure.
– To exercise risk steward challenge, act as independent trusted advisory in governance forums, issue management, fostering a compliance culture and optimizing relations with risk owners and control owners.
– Assist the senior management of HBAP INM CMB & GBM, the leadership of the Compliance function, and other colleagues on all material compliance related matters.
– Represents the Compliance agenda up to the highest levels of the Group’s governance, including being an attendee (as required) at the HBAP INM CMB & GBM governance forums (and related sub-committees) to report on progress and issues in relation to the operational effectiveness of policies, processes, systems and controls in Financial Crime risks.
– Support Head of Compliance Advisory – CMB and GBM in establishing guiding principles and strategic operational objectives, owning budgeting, and managing costs, headcount, and resources to ensure that the teams are fit for purpose and that the delivery of its critical services to the Group is both effective and cost-efficient.
Certifications, Qualifications and Experience:
– Significant experience as a regulator, or a senior compliance manager across all areas of Compliance risk within a global firm, in the financial services industry.
– Detailed and extensive knowledge of the Group structure, its business and personnel, and corporate culture.
– Significant leadership experience and an experienced strategic thinker.
– Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.
– Ability to develop practical, cost effective solutions to complex global issues.
– A legal or formal accountancy qualification or professional background in a relevant risk or audit discipline.