Our purpose – Opening up a world of opportunity – explains why we exist. Here at HSBC we use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We’re bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world – for our customers, our people, our investors, our communities and the planet we all share.
Financial Crime (FC) is a Second line of defense (LOD) function that includes ”Risk Stewards” who are independent of the commercial risk-taking activities undertaken by the Group’s businesses (also referred to as “the First LOD”). Financial Crime also operates a set of critical controls on behalf of HSBC’s businesses by harnessing intelligence, analytics, technology, detection and investigation. Financial crime risk is a non-financial risk that includes fraud, money laundering, bribery and corruption, sanctions violations, terrorist financing, proliferation financing, export control violations and tax evasion. Financial Crime operates in accordance with HSBC Group’s Risk Management Framework (RMF).
The US Head of Financial Crime Investigations is the Control Owner and Senior Accountable Executive responsible for the operating design, procedures, and oversight of the execution of all financial crime investigations and AML Transaction Monitoring (TM) alert-analysis in the US for HSBC. Additional key responsibilities include design and oversight of the execution of the US Financial Crime CSEM exit process for financial crime risk undertaken by our lines of business. This role reports directly to the Managing Director, US Head of Financial Crime BSA/AML Officer
As our Director US Head of Financial Crimes Investigation you will:
increasing sophistication of operational management, work force planning, and creating resource fungibility to better respond to casework spikesOverseeing and driving a US FC Investigations location strategy (FC Investigations Center of Excellence) and optimization initiatives to improve efficiency while sustaining capability, quality, timeliness, leveraging automation, emerging technologies such as AI, process re-engineering and control of investigative scope of caseworkWorking with FC Risk Stewards and Lines of Business (Commercial Institutional Banking, International Wealth Private Banking) to ensure that investigative findings continuously improve HSBC’s financial crime control framework, where control failures or potential control gaps are identified. Using these same outputs in partnership with US Assurance and Group Internal Audit to inform their own activities and planningOverseeing and improving US FC CSEM exits process focused on timeliness of exit and inhibits to mitigate financial crime risk to HSBC and our customers, to ensure that inappropriate exits or retain decisions are minimized and to provide actionable insights to lines of business and risk stewards on nature of customers exited for suspected financial crime riskCreating a people development environment including framework and supporting materials to enable a diverse pipeline of talent to develop and progress in their careersEnsures that external regulatory reporting (such as SARs, 314a and 314 b requests) is performed effectively and within applicable laws , regulatory and FC standards including global exposure reviews.
For this role, HSBC targets a pay range between $250,000.00 and $350,000.00
The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.
At HSBC, our overall goal is to provide a competitive Total Reward Package, with an appropriate mix of fixed pay, and variable pay, as part of an employee’s overall total compensation and benefits. Variable pay generally takes the form of discretionary, annual awards (sometimes referred to as a “bonus”). Additionally, HSBC offers a wide range of competitive and flexible benefits designed to help you improve your health and well-being, finances, and lifestyle.