Programme Manager – FCC
Global Financial Crime Compliance - "Risk Assessment Methodology" Lead - Programme Manager
Role Purpose
Background Programme Overview
- The Global Standards (GS) Programme has been formed to enable HSBC to adopt and enforce the highest compliance and behavioural standards across the Group in an integrated way across lines of business at a global, regional and in-country level. A key programme objective is to embed Financial Crime Risk controls across the full Customer Lifecycle. This will drive clarity on scope, accountabilities and the Target Operating Model for each country where HSBC operates.
- A key control in the management of financial crime risk is the Global Risk Assessment Methodology (RAM) which defines the risk of a customer which drives the due diligence requirements for each customer. The Global RAM adopts the four risk factors, each with associated weightings (i.e. Country Risk 30%, Business Type and Occupation Risk 25%, Legal Entity Structure Risk 25% and Product Risk 20%) and a risk rating / scoring approach. This is a significant step forward in developing our Global CDD Standards and ensuring a consistent approach to risk rating our clients cross Line of Business (Lob).
The Global RAM will:
- Allow a customer’s Financial Crime Risk Rating (“FCRR”) to be risk assessed consistently at on-boarding and throughout the relationship, irrespective of where the customer relationship is managed.
- Inform the level of Customer Due Diligence to be undertaken such as the levels of CDD, approval and frequency of periodic reviews
- This is the first phase of an extensive programme of work implemented through the Global Standards programme which will consolidate all policies and standards across the LoBs into a globally consistent FCC Risk Rating Methodology and customer aligned CDD procedures.
Knowledge Experience / Qualifications (For the role – not the role holder)
- Bachelor’s degree in business (or equivalent), related field or experience;
- Experience in AML compliance, preferably having worked with an institution that had been under a CD or involved in extensive AML remediation work.
- Strong managerial, communications, analytical, organizational, project management and planning skills;
- Strong knowledge of assigned businesses, products, operations, systems and organization and full understanding of all significant regulatory compliance requirements applicable to the business lines supported
- Strong knowledge of Anti-Money Laundering policies and procedures, as well as knowledge of the constant changing environment
- Proven ability to accomplish high-level objectives in the context of annual business and compliance plans
- Proficiency with personal computers and pertinent mainframe systems and software
- ACAMS or other equivalent certification a plus
Leadership capabilities
- Navigating – understanding and translating Change Delivery objectives and aligning directions accordingly
- Aspiring – being ambitious about providing the highest standards of delivery
- Driving – setting stretching goals for self and teams and delivering them with courage and tenacity
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