Manager FCC Monitoring MENA, Compliance
High Risk Role
Within HSBC certain roles are designated as High Risk Roles. High Risk Roles are those where employee malpractice could lead to significant financial and/or reputational damage through internal fraud, data loss, bribery or the leaking of confidential information. For these roles, all internal and external applicants are required to undergo a range of enhanced security/background checks as part of the pre-employment vetting process.This role has been designated as a High Risk role and any candidate hired into this role would be subject to this vetting. In the event that you are short-listed for this role, further details are available from the HSBC Recruitment team on our enhanced security/background checking processes.
Role Purpose
The Job holder supports Senior Management in meeting their regulatory obligations and internal requirements by performing desk based reviews and monitoring across the UAE and the MENA region on Financial Crime Compliance matters to evaluate compliance with local Central Bank regulations and Group’s Policies and international standards.
The jobholder assists the Regional Head of AML: identify and contain regulatory, reputational and other compliance risks, foster a compliance culture in the Bank, optimize relations with the Regulators, protect the reputation of the Group and comply with applicable Group policies and standards and local laws and regulations.
In the execution of review and monitoring duties, the job holder must independently handle the tasks assigned to him/her and be able to take decisions on matters within their designated authority. The job holder must be able to independently analyze and critically evaluate the responses received without much supervision and escalate as appropriate.
The person will be responsible for Financial Crime Compliance (“FCC”)monitoring across all business lines in the UAE and as required and will be responsible for providing FCC monitoring advice and guidance to the compliance officers within the MENA countries, and ensuring that policies and product related support form a compliance perspective is provided at all times.
Principal Accountabilities
Impact on the Business/Function
Manage regulatory and reputational risk by providing appropriate FCC coverage and expertise through desk based reviews and monitoring.
Proactively assist management in identifying and containing compliance risk.
Undertake regular reviews of relevant businesses activities within with a focus on FCC related activities in order to ensure compliance with all applicable laws, regulations, codes and internal policies/procedures.
Discuss and agree reports with senior regional management independently.
Produce concise reports in a timely manner and follow up on the implementation of all recommendations.
Provide periodic training to the business and ACOs in procedures and practices necessary to achieve compliance.
Assist with Group/regulatory reporting and ad-hoc projects as required.
Ensure roll out of best practice within the HSBC offices in the Middle East region, and support the offices as required.
Customers / Stakeholders
Business line senior management
Regional Compliance Officer, MENA
Regional Head of AML Compliance
Leadership Teamwork
Have the ability to interact and influence senior management within business
Strong, persuasive personality required to cope with challenging business situations.
Provide guidance and training the Area Compliance Officers on FCC policies and procedures.
Provide advice on compliance issues that arise through the country compliance functions
Liaise with GMO Compliance and GMO functions on FCC related matters, reporting of KPIs and other matters requiring MENA representation
Support the FCC Compliance team by providing back-up coverage for leave and vacation.
Demonstrate core behaviours and values including teamwork, focus, drive and determination
Operational Effectiveness Control
Conduct reviews for Branches and Business areas for Financial Crime Compliance. Produce review reports and make recommendations.
Support Regional Head of AML Compliance on country compliance reviews
Raise exceptions through IRIS reporting system and make decisions on reporting to senior management.
Immediately escalate to Regional Head of AML Compliance or RCO as applicable any material breaches or potential breaches of Laws, Rules and Regulations
Knowledge Experience / Qualifications
The jobholder must have at least 4 years experience within one of the business lines r in an AML, Sanctions or Anti Bribery Corruption Compliance / control role.
The ability to multi-task across many fields involving potentially complex projects and multiple teams
Minimum of a Bachelors degree in business, law, accountancy or related field or equivalent experience.
Proven communication and influencing skills with the ability to communicate and in writing at all levels
An excellent command in English
Strong analytical, organisational and planning skills required, along with the ability to work independently.
Excellent drafting skills and ability to produce high quality reports.
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