AVP, FC Sanctions Manager Job in Hyderabad at HSBC

HSBC is hiring for the role of AVP, FC Sanctions Manager!

Responsibilities of the Candidate:

• Implement and drive Group communications strategy, for standards, systems, and policies in relation to Sanctions.
• Identify, assess, oversee, and communicate all requirements relating to legal guidance and sanctions evasion trends in relation to risks presented through HSBC’s business activities across (including subsidiaries).
• Support and facilitate strategic coordination and implementation of an effective Sanctions controls framework (including subsidiaries).
• Manage and lead the required remedial action of all material FCC sanctions issues that arise to ensure effective implementation through internal and external reviews.
• Implement into the Sanctions Compliance framework, the relevant requirements and commitments of the Bank.
• Develop and deliver training on Sanction risks for all business products and services across (including subsidiaries).
• Implement Group sanctions policies to ensure exposure to current risks and emerging arising risks is managed appropriately, in a commercially focused and practical manner.
• Implement, as required, Group sanctions policies and systems that ensure that business exposure to financial crime and reputational risks is managed, in a practical and effective manner, including efficient and reasonable deployment of resources and an understanding of the business operations and needs.
• Liaise with relevant stakeholders within Business and Functional teams, with a primary focus on CMB, to provide expertise and support on all Financial Crime Sanctions related matters.
• Work effectively with the Rep of Sanctions and the various Reps of FC for each business line/subsidiary to ensure consistency across the FC functions.
• Maintain and develop positive and professional working relationships with business managers at the Country/ Business line levels.
• Provide and adapt solutions to complex global issues/initiatives in an ever-changing, high-risk environment.
• Monitor the implementation of FC Sanctions controls.
• Ensure all GSM, FIMs, BIMs dispensations, etc. are updated for changes in Country Regulation and impacts on business.
• Maintain awareness of operational risk within assigned portfolio and minimize the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification, and reporting.
• Monitor Trade, Economic, and Financial Sanctions (including sanctions programs administered by the U.S. Office of Foreign Assets Control, United Nations, European Union, and HM Treasury’s Financial Sanctions, (collectively referred to herein as “Sanctions”), and global risk management framework to meet legislative and regulatory requirements.
• Assist Head of Sanctions and Transaction Monitoring in providing oversight and management, of all aspects of Financial Crime Risk Sanctions including impact analysis of regulatory changes.
• Collate potential breaches of sanctions from across the business lines & subsidiaries, review reporting made, and escalate to the Head of Sanction.
• Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate policy and framework to manage the changes.
• Participate in and work with relevant local industry bodies and groups in relation to Sanctions-related initiatives, trends, and proposals.
• Provide advice to businesses across, with a primary focus on CMB, on the risk associated with prospective business, products, and services design mitigation controls, and implement strategies as appropriate.
• Manage Breach reporting (Mostly, sanctions policy breach write-up currently by the Sanctions team)
• Manage IRIS incident escalation and reporting (prepare escalation up to group sanctions, core incident write-up including detailing root causes and actions and deep drive analysis and potential read-across reviews will continue to be designed by ASP Sanctions)
• Coordinate governance inputs (e.g., Risk Map, RMM, Risk Committee, FC ExCo, FCRF), and track NFR Risk Steward Maturity Assessment, RAPID2, IRIS, Helios, and Engage.
• Manage EWRA leg work, sanity checks (annual preparation on sanctions data for EWRA including data verification and analytical work on sanctions inherent and residual risk analysis – proposed to be undertaken by ASP Sanctions).
• Preparation of ASP Sanctions ManCo materials and coordination of governance inputs (e.g. risk map, RMM, risk committee, FC ExCo).
• Maintain awareness of operational risk within assigned portfolio and minimize the likelihood of these risks occurring, including its identification, assessment, mitigation and control, loss identification, and reporting.
• Maintain and observe all HSBC control standards and implement and observe the Group Compliance Policy, including the timely implementation of recommendations made by internal and external auditors and external regulators.

Requirements:

• Degree holder with experience in Sanction roles, ideally to include Sanctions experience.
• Extensive knowledge of Sanctions regulations and guidance.
• Extensive working knowledge of all aspects of Sanction controls at both a strategic and operational level, gained within large financial banks.
• Strong experience of working with large-scale Sanction related initiatives that have delivered multiple changes and improvements to controls, including but not limited to upgrades and new systems, deployment of monitoring to new lines of business and product areas.
• Excellent oral, and written communication and presentation skills, interpersonal skills, and dealing with executives at all levels.
• Proven ability to confidently work with and influence senior stakeholders and business sponsors.
• Proven ability to work across lines of business and regions whilst maintaining a global perspective.
• Strong analytical, decision-making, and lateral thinking skills, with demonstrated ability to identify links between programs of work.
• Excellent communicator with strong interpersonal, influencing skills, solution-oriented, and interpersonal skills, with experience in dealing with executives at all levels.
• Proven analytical skills, together with the ability to support decisions with sound reasoning.
• Proven team player with an open communication style.
• Excellent verbal and written communication skills.
• Strong command of English required.
• Ability to work under pressure and within tight timelines.