Financial Crime Manager - Compliance

HSBC Saudi Arabia provides investment banking services to the full spectrum of corporate and institutional clients in both the private and government sectors, including public companies; private companies and establishments; funds; government agencies; and family businesses and offices.

Role Purpose

The job holder supports Senior Manager in meeting regulatory obligations by actively supporting the implementation of Sanctions policy, Anti Money Laundering (AML), and Counter Terrorist Financing (CTF) in compliance with CMA rules and regulations.

Working closely with the Manager, Brokerage, Asset Management, Investment Banking & HSS. In the execution of AML duties, the job holder must independently handle tasks assigned and be able to make decisions within their designated authority. The job holder must independently analyze and critically evaluate responses without much supervision and escalate as appropriate.

Principal Accountabilities

Key activities and decision making areas

• Providing support and direction on FC Compliance for all HBSA business lines, particularly relating to KYC and Customer Due Diligence requests.
• Reviewing any new / amended material laws, rules and regulations and HBSA policies, assess their applicability to the business areas and guide the business accordingly, ensuring all appropriate processes and procedures are amended to comply.
• Communicate with CMA and other regulatory authorities, and resolve queries or issues raised by them, if required.
• Assist in audit committees, and assist with remediation and other action to address FC gaps identified during assurance and regulatory reviews.
• Ensure that an effective Compliance training program is implemented in HSBC SA.
• Make recommendations for onboarding of all new and retention of existing high-risk rated customers.
• Review quality and completeness of customer due diligence (CDD) and enhanced due diligence (EDD) information in accordance with the AML Policy and Line of Business Procedures.
• Escalate all negative hits or Sanctions exposure or AML exposure to the Risk Reputational Client Selection Committee to obtain approval.
• Support efforts to proactively drive the KYC improvements to support sanctions compliance.
• Provide support to the FC function for implementing an effective FC framework and controls to protect the bank from potential losses.
• Provide support on any FC related project as required.
• Review reports and make recommendations and follow up for corrections and remedial actions.
• Assist with completion of AML, Sanction, AB&C, Tax Evasion, Internal and External Fraud and Market Surveillance action, register, reporting requirements, including but not limited to half-yearly certifications, monthly reports, issue reports, and reportable event escalation, in a timely and comprehensive manner.
• Review quality and completeness of customer records in accordance with the sanction & AML policy and line of business procedures.
• Conduct effective and timely investigations into assigned cases in accordance with agreed standard reporting requirements and service level agreements.
• On receipt of a referral, conduct a review to identify probable financial crime related issues or mitigation of financial crime risks.
• Write a high-quality investigative narrative (Investigation Report) and record the case history, with supporting findings, in an approved case management system.
• Escalate at the first reliable indication of financial crime risk to the Senior Manager of FC unit for consideration of reporting.
• Manage Oracle Watchlist Screening (OWS) referrals in line with Name Screening and investigative reporting instructions.
• Manage the SAS Transactions monitoring system alerts and discount low-medium risk issues with rationale justifications as a Level 1 action.
• Escalate all high risk alerts / issues to the line manager (Level 2) for decision taking.
• Provide back-up coverage for leave and vacation as needed.
• Provide support on any FC related project as required.
• Review reports and make recommendations and follow up for corrections and remedial actions.
• Have access to group systems and implement all needed reports.
• Update the FC packs for all local committees and regional committees.
• Responsible for all FC risk controls in the Helios system.
• Have access to the Helios System and review submitted risks from the business.
• Support / oversight of daily trade and communications surveillance across Covered Business lines.
• Oversight of Transactions monitoring across all covered business lines.
• Assess testing the adequacy of controls in place within Covered Business.
• Manage ad-hoc trading reviews, including trends and analysis of unusual trading activity.
• Assist with the implementation and rollout of a new surveillance / market abuse monitoring tool.
• Update the Watchlist immediately and complete required investigations.

Customers / Stakeholders

Management of Risk (Operational Risk / FIM requirements)

Qualifications / Experience

Qualifications :

Experience :

Seniority level

Employment type

Job function

Note : Referrals increase your chances of interviewing at HSBC. This description is for a Compliance Manager role in Riyadh, Saudi Arabia.

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