Senior Manager, Financial Crime Risk Advisory - Fraud

Who is HSBC Innovation Banking?

HSBC Innovation Banking is the power behind the UK’s forward-thinkers, future-makers, and leap-takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards IPO typically within the technology and life science sectors.

Whether it’s comprehensive banking, managing cashflow, plans for buyouts or Strategic Fund Solutions, we power ideas at every stage of their journey. From the first-time founders to the funds that back them, and everything in between. We're proud to accelerate growth for our clients, create meaningful connections and communities, and open a world of global opportunity for entrepreneurs and investors alike.

Here’s to never standing still. Come and join us!

The team you’ll work with:

The Financial Crime team in HSBC Innovation Banking (UK) (HINV) is the second line of defence team responsible for ensuring the firm’s adherence with Financial Crime policies, procedures and controls, the Risk Management Framework (RMF) and UK regulatory requirements. The team covers Anti-Money Laundering, Counter-terrorism Financing (CTF), Sanctions, Fraud, Anti-Bribery and Corruption and Tax Evasion.

The value you’ll add:

This role sits in the Risk Advisory team, reporting to the Deputy MLRO and as a Senior Manager they are expected to promote a collaborative culture to managing Financial Crime across the three Lines of Defense. The Risk Advisory team provides subject matter expertise and guidance to the business to drive effective AML/CTF, ABC, ATEF, Sanctions and Fraud risk management. The team also cover financial crime related regulatory change, financial crime model risk management and product reviews. As part of the Risk Advisory team, this role will focus on part of the FC Risk Taxonomy, as agreed with the DMLRO but will support across the team’s remit as needed. The Role holder will act as the primary Risk Steward for Fraud, covering the 4 different fraud risks we steward; Payments, Card, First Party Lending Fraud (1PLF) and Staff.

What you can expect to be doing:

Provide balanced, constructive and objective advice to 1st line risk, control and process owners and the wider first line team on the specified area of expertise of financial crime risk management, challenging processes and practices that limit our ability to effectively manage risk 

Responsible for Risk Steward oversight of the Fraud Risk and controls by providing effective review and challenge of financial crime priorities such as risk appetite setting and monitoring, policy compliance monitoring, risk and control assessments, scenarios, events and issue management and regulatory reporting. This is to be done according to the standards set out in the Risk Steward TUG, including within SLAs where stated. 

Build and maintain knowledge on Fraud Financial Crime Risk Models and controls.

Stewardship of Control Monitoring Plans and either undertake assurance or liaise with the relevant 2LOD assurance team to have the testing performed.

Represent the DMLRO/MLRO in committee and business meetings as needed. 

Lead the production of analysis, provide insight and work with the Oversight team to draft reports on the risk and control profile for the Risk Steward as well as any required risk committee reporting. 

Make decisions on behalf of the MLRO, within agreed levels of delegated authority, for example in relation to RCA reviews.

Requirements:

Prior relevant experience in a financial crime role, ideally with experience in the second line of defence

In-depth knowledge of all/most fraud risks and the UK regulatory requirements

Strong understanding of the UK’s regulatory expectations (FCA) and international framework (e.g. FATF, Wolfsberg, sanctions, etc) 

Demonstrable experience providing advice 1LOD teams, including senior stakeholders

Skilled at reviewing and challenging proposed controls, policies, and processes 

Experience supporting design and enhancement of financial crime frameworks 

Ability to input to and influence bank-wide or HINV owned initiatives and ensure HNV risk are adequately considered. 

Comfortable overseeing effectiveness of controls, reviewing risks assessments and interpreting risk indicators or MI 

Where you’ll be based:

Our home office in Finsbury Square, London. We offer hybrid working to our employees, so you can flex between home and the office, with a current requirement to be in the office 2 days per week.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

Email: [email protected]

Telephone: +44 207 832 8500