Manager - Financial Crime Risk and Controls

Who is HSBC Innovation Banking?

HSBC Innovation Banking is the power behind the UK’s forward-thinkers, future-makers, and leap-takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start-ups, scale-ups, growth businesses, investors and those working towards IPO typically within the technology and life science sectors.
Whether it’s comprehensive banking, managing cashflow, plans for buyouts or Strategic Fund Solutions, we power ideas at every stage of their journey. From the first-time founders to the funds that back them, and everything in between. We're proud to accelerate growth for our clients, create meaningful connections and communities, and open a world of global opportunity for entrepreneurs and investors alike.

Here’s to never standing still. Come and join us!

The Role
The HSBC Innovation Banking UK (HINV UK), Financial Crime Risk & Controls (FCRC) team is a First Line of Defence (FLOD) team responsible for identifying, investigating and monitoring relationships that pose a money laundering or terrorist financing risk in support of all legal and regulatory requirements relating to anti-money laundering (AML) and counter terrorism financing. FCRC also has responsibility for reviewing and assessing Sanctions, Anti-Bribery & Corruption (AB&C), Tax Transparency, Fraud and Reputational Risk considerations for both existing clients and new prospects.

The HINV UK Enhanced Due Diligence (EDD) team is a specialist team ringfenced within FCRC and focuses specifically on clients and prospects within the following categories: Money Service Businesses (MSBs), Third Party Payment Processors (TPPPs), Crowdfunding, Gaming / Gambling and Digital Assets and Currencies (DACs)

The Value You Will Add
Expertise in assessing financial crime risk and control considerations of MSBs, TPPPs and DACs including book of work responsibility for onboards, triggers and periodic reviews

Line management responsibility for a team of Associates responsible for EDD and EDD reports , Actionable Intelligence alerts (including PEPs, Adverse Media and Account Activity Reviews) and related Reputational Risk and Client Selection Committee (RRCSC) papers

Deputising for the Senior Manager at the HINV UK Fintech Forum, the Global Fintech Forum and liaising closely with the Global High Risk Sectors Team and Global EDD teams

Partnering closely with FLOD business and product areas, the HINV UK Client Lifecycle Management team in the UK and HSBC Country and Regional Business Financial Crime Risk teams

Assessing client and prospect financial crime and reputational risk referrals from the frontline relationship teams.

Managing portfolios of complex referrals competently ensuring high levels of customer service, accuracy, quality and pace

Providing expertise in assessing pre-launch or emerging business models to align with internal requirements for enhanced due diligence and approval.

Serving as an SME for Relationship Teams to aid in identification of prospects & existing clients that may have increased financial crime or reputational risk due to business model, geographic location and/or ownership

Working closely with FCRC colleagues responsible for management and oversight of the Client Selection and Exit Management process and preparing submissions to the HINV RRCSC and onward escalations to Global RRCSC committees where required

Reviewing and responding to financial crime related queries from the FLOD including reputational risk considerations and supporting Relationship Managers with completion and presentation of reputational risk and client selection committee papers

Assisting clients/prospects to ensure compliance with HSBC financial crime risk assessment requirements

Escalation of issues in a timely manner for review and resolution in relation to financial crime including knowledge of SAR escalation.

Maintaining current industry awareness and demonstrating awareness and competence in relation to regulatory obligations.

Providing guidance and direction to FLOD colleagues to ensure they remain protected from financial crime risks and embedding an effective financial crime risk culture.

Supporting change in the right way and recommending enhancements to processes and procedures to ensure the firm remains compliant whilst aligning to a risk-based approach. 

Working closely with HINV Financial Crime in the Second Line of Defence to seek advice on complex global financial crime matters and serving as the FLOD escalation point of contact for financial crimes activity for HINV UK.

You Will Need
Strong knowledge of financial crime legislation including Anti-Money Laundering, Counter Terrorist Financing and Sanctions.

Solid experience related to financial crime compliance risk management processes.

Strong working knowledge of financial crime and/or fraud prevention within the UK regulatory environment.

Good understanding of a wide range of business sectors and niche sectors of innovation with complex business models

Where you’ll be based:
Our home office in Finsbury Square, London. We offer hybrid working to our employees, so you can flex between home and the office, with a current requirement to be in the office 2 days per week.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk:

Email: [email protected]

Telephone: +44 207 832 8500