Vice President - Hyderabad City Taluka - HSBC

A career with HSBC can unlock new opportunities, whether you're looking to take the top spot or explore a new direction. Our bank offers support, rewards, and possibilities that will propel you forward. Role Purpose The VP - IR is a key strategic role responsible for implementing AML policy in India. This includes providing oversight and management of AML Investigations, risk management framework, and coordination of various work streams to meet AML requirements and legislation. This role requires strong partnership with business lines, Global Functions, and FCC teams to drive the implementation of the FCI framework. It involves monitoring progress, tracking initiatives, and ensuring alignment with Group standards. The role holder must stay at the forefront of regulatory changes, communicate proactively with the business, and develop policies to manage changes. They will be the go-to person for work stream leads to ensure processes are coordinated and risks are addressed. Key Responsibilities

1. Work with business lines and Global Functions to ensure consistent application of Investigative Reporting standards, policies, and procedures.
2. Act as principal point of contact for internal and external stakeholders on Transaction Monitoring/Investigation risk.
3. Accountable for driving effective risk mitigation through transaction monitoring and investigation function.
4. Provide advice to business on risk associated with prospective products and services, and design mitigation controls and strategies.
5. Intersect and represent FCC/FCI with senior business leadership.
6. Alternate Principal Officer with FIU IND, managing regulatory reporting and interactions with the regulator.

Balancing complexity of regulations, diversity of business, and demands of regulators, shareholders, and customers while managing political, management, operational, regulatory, and reputational implications. Staying abreast of changing regulatory environment and maintaining consistent application of highest Risk management standards despite complexities of products and operations. Role Context India is an emerging economy, regulated by multiple regulators, both local and international. The RBI primarily regulates the Bank's business in India, with frequent amendments and clarifications required. The Financial Intelligence Unit – India (FIU-IND) interacts closely with the banking industry, recommending implementation of risk-based frameworks and improving reporting mechanisms. Management & Leadership of Regulatory, Compliance & Operational Risk The jobholder ensures that FCC AML standards are maintained in accordance with the Global Standards Manual, and the AML policy aspects of the Compliance FIM are effective and relevant, in conjunction with country regulations. Observation of Internal Controls

1. Maintains HSBC internal control standards, including timely implementation of internal and external audit points.
2. Manages Country FCI/FCC responses to adverse Compliance metrics, including unsatisfactory FCI Reviews and Audit reports.

Role Dimensions The jobholder supports the Country Head of AML, covering responsibilities that include supporting the implementation of the FCI framework and coordinating work streams to meet AML requirements. #J-18808-Ljbffr