Financial Crime Compliance Operations Specialist

Job Description

Some careers open more doors than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Financial Crime Compliance aligns current activities within Global Risk and helps to build these into a more integrated framework to conduct Customer Due Diligence which enables HSBC to manage financial crime risk more effectively. It builds stronger controls to improve the way Financial Crime Compliance risks are managed in order to spot gaps as well as trends so that the team can take action. It proactively gathers and analyses financial intelligence in a smart way so that suspicious transactions, activities or connections can be identified and we can adequately protect our customers from the threat of financial crime.

We are currently seeking an experienced professional to join our team.

Review and investigate systematic Anti-Money-Laundering (AML) alerts generated from the AML transaction monitoring system to determine if transacations occurring are valid Anti-Money Laundering risks. Perform research taking into account various FCC risk factors and indicators to determine if the alert/case needs to be escalated. Oversee assist and support junior investigators in conducting Transaction Monitoring investigations and help them to develop AML approach to anticipate the risk inherent to FCC Operations activities. Actively assist FCC Operations Manager in participating in key projects impacting the department.

In this role you will:

Impact on the Business
Conduct initial analysis of customer transactions using internal/external research tools in order to asses and determine if financial crime risks can be identified which require further investigation or escalation.
Identification of unusual transactions, non-compliant activity or increased compliance risk.
Accurately document rationale and evidence for case closure or escalation as appropriate.
Undertake prompt closure of eligible alerts not deemed as unusual or in line with clients’ profile.
Determine if additional enquiries are required and escalate as appropriate for non/low quality responses.
Preparation of customer transaction analysis summaries on request.
Undertake sanctions and adverse information screening.
Ensure that investigations undertaken adhere to the HSBC’s Global Standards, Policies and Procedures.
Process requests from other departments as required.
To assist the Head of Financial Crime Compliance Operations on special projects.

Customers / Stakeholders
Assist the AML Advisory, On-Boarding team, On-going Review team, Sanctions and Investigation team.
Engage with Relationship Manager or other teams/departments for additional information.

Leadership & Teamwork
Assist the Head of Financial Crime Compliance Operations to ensure adequate cover within the AML Transaction Monitoring team to meet the demands of core functions (investigations, Front Office engagement etc.).
To promote a collaborative working environment, facilitating the sharing of ideas and knowledge to improve the Team’s level of understanding.
To acknowledge the needs of the Team and to assist other team members where they are dealing with a high profile, or urgent investigations.

Operational Effectiveness & Control
To avoid alert backlogs.
To remain up to date with HSBC’s prevailing standards and Swiss regulatory changes to ensure that an analysis is focused and addresses any regulartory concerns.

Requirements

To be successful in the role, you should meet the following requirements:

Knowledge and Qualifications:
Degree level – Preferrably in Law, Banking or Business Administration
Awareness of Swiss rules and guidelines, as well as applicable foreign laws
Understanding of Private Banking activity, including comprehension of Securities, Trust Structures, Corporate Structures
Analytical, well-informed and creative approach to problem-solving ability to work independently and to the highest level of accuracy and accountability
Computer and IT systems literate, good communication and writing skills
Ability to work under stress and time pressure
Self-assertion, good communication skills and interaction with the Front Office
Fluent in English (both written and spoken) is a prerequisite, German/French and every additional language is a plus

Experience:
2 years practical experience in Compliance, Banking, Audit or other Regulatory or Risk Functions related work.

Knowledge:
Further, training and understanding of forensic report writing, either in Banking environment or similar organisation would be preferred.

General:
Able to work independently as well as in a team
Ability to work under stress and take responsibilities
Due to immigration restrictions in Switzerland we will only be able to consider applications from Swiss or EU citizens or from candidates holding a valid Swiss work permit.

Certification:
Internal certification requirements are applicable to the Transaction Monitoring Compliance Officer role.

You’ll achieve more when you join HSBC.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

HSBC is a signatory company of the Advance Charter. This Charter is a commitment towards gender equality in business and hence a workplace environment that supports a fair and balanced approach to hiring, remunerating, promoting and retaining female talent.

Within HSBC in Switzerland all internal candidates from Group and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the role. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and/or if relevant, on an ongoing basis.

To discover more about HSBC, please check our website: https://www.hsbc.com/about-hsbc