Senior Associate - Anti Bribery and Corruption FCRC

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 Role

The HSBC Innovation Banking UK (HINV UK), Business Financial Crime Risk (BFCR) team is a First Line of Defence (FLOD) team responsible for identifying, investigating and monitoring relationships that pose a money laundering or terrorist financing risk in support of all legal and regulatory requirements relating to anti-money laundering (AML) and counter terrorism financing. FCRC also has responsibility for reviewing and assessing Sanctions, Anti-Bribery & Corruption (AB&C), Tax Transparency, Fraud and Reputational Risk considerations for both existing clients and new prospects.

Responsibilities:

• Responsible for the design, enhancement, and implementation of financial crime controls relating to ABC and Tax risks. Contributing to the testing and assessment of control effectiveness, including identifying gaps, weaknesses and areas requiring enhancements
• Supporting the ongoing enhancement of the Risk and Control Assessment for Anti-Bribery and Corruption and Tax as part of the HINV Risk Management Framework
• Serving as an SME for HINV Relationship Teams to aid in identification of prospect & existing clients that may have increased bribery/corruption and tax risk due to business model, geographic location and/or ownership
• Working closely with the 1LOD and 2LOD teams to enhance bribery and corruption procedures and controls
• Reviewing client relationships that meet HINV’s high risk business categories and geographies and performing reviews of existing clients and prospects with a primary responsibility to cover bribery and corruption risk
• Supporting and providing ABC and Tax subject matter expertise input into the annual EWRA programme
• Supporting ongoing monitoring activities relating to ABC/TAX controls including MI production and escalation of issues where required. Escalation of issues in a timely manner for review and resolution including knowledge of SAR escalation
• Responsible for timely and accurate submission of Client Tax Reporting (CTR), prepared in accordance with the applicable reporting requirements
• Providing guidance, training and awareness across relevant stakeholders to strengthen understanding of ABC/Tax risks obligations and control expectations
• Assisting with internal ongoing due diligence review escalations regarding client matters and supporting the preparation of papers to Reputational Risk and Client Selection Committees where required
• Building strong relationships through effective influencing and decision-making skills
• Supporting change in the right way and recommending enhancements to processes and procedures to ensure the firm remains compliant whilst aligning to a risk-based approach
• Maintaining current industry awareness and demonstrating awareness and competence in relation to regulatory obligations
• Providing guidance and direction to BFCR colleagues to ensure they remain protected from financial crime risks and embedding an effective financial crime risk culture

Requirements (Skills/experience):

• Strong in-depth knowledge of financial crime legislation across Anti-Bribery and Corruption, Tax, and application of regulatory requirements
• Solid experience related to financial crime compliance risk management processes.
• Good working knowledge of financial crime prevention within the UK regulatory environment.
• Good understanding of a wide range of business sectors and niche sectors of innovation with complex business models
• Strong individual contributor with the ability to work effectively as a team
• Able to demonstrate initiative and have strong verbal and written communication skills.
• Good time management and attention to detail are critical to this position.
• Good judgement, analytical, research, organizational, and project management skills
• Flexibility in learning new topics, handling change and deadlines

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, socio-economic background 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 via [email protected] .