Job Description

Job descriptionSome careers grow faster than others.If you\xe2\x80\x99re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.Financial Crime Compliance aligns current activities within Global Risk and helps to build these into a more integrated framework to conduct Customer Due Diligence which enables HSBC to manage financial crime risk more effectively. It builds stronger controls to improve the way Financial Crime Compliance risks are managed in order to spot gaps as well as trends so that the team can take action. It proactively gathers and analyses financial intelligence in a smart way so that suspicious transactions, activities or connections can be identified and we can adequately protect our customers from the threat of financial crime.We are currently seeking an experienced professional to join our team in the role of Head of Financial Crime, Malaysia.Role purpose

• This role reports to the Chief Risk and Compliance Officer, Malaysia.
• The Risk & Compliance function is a Second line of Defence (LOD) function, responsible for reviewing and challenging the activities of the Group\xe2\x80\x99s businesses (also referred to as \xe2\x80\x9cthe First LOD\xe2\x80\x9d) to ensure that they effectively manage as \xe2\x80\x9cRisk Owners\xe2\x80\x9d the risks 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 Risk & Compliance function is a Risk Steward for a number of non-financial risks in accordance with HSBC Group\xe2\x80\x99s risk framework.
• The Head of Financial Crime Malaysia leads and oversees the Financial Crime sub-function\xe2\x80\x99s activities to ensure all Group entities in Malaysia effectively manage the financial crime risks that they face [\xe2\x80\x9cMalaysia\xe2\x80\x9d to read as: all HSBC entities in Malaysia e.g. HSBC Bank (M) Berhad, HSBC Amanah (M) Berhad, etc].
• The role holder is the senior accountable executive focused on and responsible for ensuring that Malaysia operations are effective in countering the risk that Malaysia might be used or targeted for financial crime activities. The role is a key risk management role with a broad remit and responsibilities.

Principal Responsibilities:General / Leadership

• This role is a senior role and a key, business-critical senior position with oversight responsibility for financial crime across Malaysia. The role holder acts as Country MLRO.
• Lead the Malaysia Financial Crime team, establishing guiding principles and strategic operational objectives, owning budgeting and managing costs, headcount and resources to ensure that the Malaysia Financial Crime team is fit for purpose and that the team\xe2\x80\x99s delivery of its critical services is both effective and cost-efficient. Create an environment for the delivery of consistent performance measurement, training, career management and succession planning across the Financial Crime team. Establish a strategy for the sharing of financial crime risk knowledge and best practice across Malaysia.
• Acting as an advisor to the Malaysia CRCO, Board and senior executive stakeholders (including Malaysia EXCO) on all material financial crime risk and related reputational issues involving Malaysia that arise in relation to the operational management of financial crime risk. Ensure that senior management are appropriately advised at all times of material financial crime and related reputational matters.
• To serve as HSBC\xe2\x80\x99s representative to relevant industry working groups, forums and Public-Private Partnerships established for financial crime risk matters.

Governance and Committee Memberships

• To represent the financial crime risk agenda up to the highest levels of governance, including sitting as a member of relevant Compliance ExCo and as an attendee at the relevant Board committees as and when required and / or delegated by Malaysia CRCO. To report on progress and issues in relation to the operational effectiveness of HSBC\xe2\x80\x99s policies, processes, systems and controls in countering financial crime. Examples of relevant forums given below:

o HBMY Risk and Compliance Executive Committeeo Regulatory Compliance financial and non-financial risk forums/governance meetingso HBMY Risk Management MeetingStewardship

• Ensure second line governance of financial crime risk exposure, providing analysis, reporting and governance that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure. Act as independent advisory in governance forums, issue management, fostering a compliance culture and optimizing relations with risk owners and control owners.
• Working closely with the LoBs, set policy and provide effective oversight of the operational effectiveness of critical policies and systems covering financial crime that ensure that the exposure of Malaysia to financial crime and related reputational risk is managed, in a commercially sensitive, practical and cost-effective manner.
• The articulation of Malaysia risk appetite and policies with respect to money laundering, sanctions, internal and external fraud, tax evasion, terrorist financing, bribery and corruption.
• Exercise risk steward review and challenge on Financial Crime risk matters across all Malaysia businesses; influence the design and operation of controls within the first line so these remain effective to manage current and emerging financial crime risks.
• Drive and ensure effective identification, measurement and assessment of Financial Crime Risk to support informed risk management
• Drive Investigations and Surveillance through research, analytics and technology encompassing data capture and processing, visualisation and network analysis, proactive data analytics capabilities and thematic research.
• Provide a single functional resolution for all Compliance investigations for HSBC and pursue proactive investigations to identify financial crime risk in the Bank.
• Create a framework for the effective risk-based monitoring of the implementation of AML, anti-bribery/ anti-corruption, sanctions, fraud, tax-evasion, unauthorised trading, market manipulation, insider dealing and other market abuse activity and counter proliferation policies and controls across Malaysia; end-to-end development and implementation of transaction monitoring controls, coordinating the efforts of risk stewards, risk owners and control owners.
• Agree and oversee the monitoring of the adherence to the financial crime risk elements of the Compliance FIM.
• Effective information sharing with internal and external stakeholders (including government / regulators / LEA, etc), grounded in advanced analytics and technology.
• Ensure the timely escalation and effective remediation of issues.
• Lead regulatory engagement and initiatives on Financial Crime.
• Coordinating a consistent approach to fostering and managing a conducive, productive and positive relationship with the regulators.
• Stay across all key regulatory changes for the region to ensure proactive communication with business and develop appropriate policy and framework to manage the changes.
• Drive the implementation of policy related to Financial Crime risk arising out of changes in relevant Compliance both within and outside Malaysia.

Line of Business FC

• To oversee, guide and support day to day Compliance Advisory activities across all Lines of Business to ensure advice is appropriately and timely provided to manage current and emerging financial crime risks relevant to business strategy and initiatives. Ensure LoBs have a clear understanding of Financial Crime risk exposure with respect to clients, transactions and products.
• Instill a proactive compliance risk management philosophy within LoBs through implementing proactive risk management initiatives to ensure financial crime risks are promptly identified and mitigated.
• Collaborate closely with LoBs to ensure they maintain an effective control framework and ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices.

Controls

• For controls owned by Malaysia FC, maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices.
• Provide high quality Financial Crime Investigation (FCI) services to Malaysia LoBs in order to ensure prompt and robust identification and mitigation of Financial Crime risk exposure with respect to clients, transactions and products.
• Ensure timely reporting and disclosure of relevant information both to our regulators and within the Group in relation to financial crime matters.

RequirementsCertifications, Qualifications and Experience

• Significant financial crime experience as a regulator, or a senior financial crime manager within a global firm, in the financial services industry
• Successful track record in strategic leadership and influencing is essential, in particular the application of this skill in areas outside their direct span of control
• Significant knowledge of a financial crime risk framework and experience in its execution, together with knowledge of business and products
• A background or deep understanding of operational risk is also highly desirable
• Track record of resilience and confident challenge when dealing with senior stakeholders to influence change without direct responsibility for resources or budget
• Experience of dealing with regulatory matters and confident interaction with Regulators and Law Enforcement Agencies
• Experience of creating, leading and motivating a team
• Experience of working within a matrixed environment preferred
• Significant leadership experience and an experienced strategic thinker
• Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.

Skills

• Role model leadership, communication and influencing skills, with experience of dealing with executives at all levels including the capacity to articulate the case for risk management and policy in the language of business
• Ability to develop practical, cost effective solutions to what are often complex issues
• Ability to lead change, coordinating with other teams locally & regionally
• Ability to interpret and analyse a large volume of information and / or data and provide succinct summary for senior management
• Ability to prioritise conflicting demands and problem solve in a dynamic environment.

Due to local laws and governance, candidates with immediate right to work locally and no relocation need will be prioritised.Opening up a world of opportunity.HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.Issued by HSBC Bank Malaysia Berhad

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