Job Description

JOB DESCRIPTION:

The Business Financial Crime Risk (BFCR) CSEM Officer works within Corporate & Institutional Business (CIB) Business Risk. CIB Business Risk is responsible for the oversight and mitigation of Financial and Non-Financial Risks in the First Line of Defense. Working with Business areas, the team is responsible for providing specialist risk support on key verticals in:

•First Line Controls/office

•Financial Crime

•Fraud

•Resilience

•Regulatory, Governance and Framework including risk identification and assessment of Business Risks as part of the activities and process within the lines of business.

The role will include:

•Assisting the US Head of Wholesale BFCR to manage, improve and maintain the day to day running of US CSEM and ensure the efficient decisioning and execution of client exits.

•The role holder will assist the US Head of Wholesale BFCR in facilitating the decisions around client exits at the country level. In doing so the role holder will coordinate with key stakeholders across the US including CIB, Compliance, Product Representatives, Risk Stewards and Representatives from other business lines, to ensure that the quality of the triggers submitted is adequate.

•The role holder will also work closely with the broader US CSEM team (including those in GSC locations) to maintain an accurate record of all cases presented to CSEM, logging completed cases, as well as cases that require further information or actions before a decision can be made.

•Validation of Triggers, which requires close liaison with the Trigger submitters, who may be from a variety of sources (e.g. Relationship Managers, Business Banking Analysts, FCC etc.)

•Ensuring exit process is timely, orderly and structured, such that the bank is safeguarded against potential reputational, operational, regulatory or legal risk.

•Assist in managing any CSEM policy change and potential impacts on US CSEM process for the end-to-end oversight of operational effectiveness of CSEM process and procedures.

•Coordinate US CSEM input to the RRCSC secretariat to ensure responsibilities of US CIB are discharged as applicable, in relation to reputational risk and client selection processes.

•Work with US BFCR & CIB Risk senior management to manage stakeholder relationships through communication and ad hoc reporting as applicable.

•Support in the local execution of CSEM Quality Control and Quality Assurance results along with associated actions and / or remediation. Engage with stakeholders as appropriate to deliver such actions.

•Manage local decisions: exit decisions are informed by good quality and pertinent information, so that exit execution can be carried out comprehensively across the Group. This ultimately enables effective financial crime risk management while ensuring compliance with conduct- and legal-related obligations with regard to treating customers fairly. Ensures adherence to SLAs or Risk Mitigation as appropriate for constraints.

•Manages local decisions: objective and informed decisions being taken by suitably qualified managers in accordance with HSBC's financial crime risk appetite as to whether a customer should be retained or exited, and whether any additional risk management (such as monitoring or restrictions on activity) is appropriate.

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