Compliance Manager Advisory CMB, (UAE National)

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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 ambitious individual to join our Financial Crime Compliance team, working together with colleagues to define, manage and achieve divisional business targets.

Role Purpose:
The Job holder supports Senior Management in meeting their regulatory obligations by providing an active support in the implementation of Sanctions policy, Anti Money Laundering (AML), Counter Terrorist Financing (CTF) in compliance with the UAE Central Bank and SCA regulations and Group’s Global Policies and Principles and international standards.

The jobholder assists the Senior Manager to; identify and contain Sanction and AML 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 order to prevent criminal sanctions.

In the execution of AML 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 the providing Sanctions, AML, CTF, Tax, 6th filter and Reputational Risk advice and guidance relating to their assigned area of responsibility to the relevant business areas and country Compliance within the MENA countries.

Duties & Responsibilities:
•    Support Compliance and Business Management in meeting HSBC’s regulatory and Group requirements on Anti Money Laundering and Sanctions risk by:
•    Support the implementation of KYC policies and Customer Due Diligence requirements in the UAE.
•    Providing Compliance support and direction on the onboarding of high risk customers.
•    Providing guidance and direction to RMs/Front line, BMLCMs etc. on the application and implementation of AML Compliance policies and procedures applicable to customers.
•    Assisting Senior Manager, UAE Compliance and the MLRO in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to AML/sanctions.
•    Where required prepare and or provide input on regulatory filings and correspond with regulatory agencies as agreed with the Senior Manager and MLRO
•    Proactively assist Senior Manager, UAE Compliance and Senior Business management to ensure that the CMB business areas operate in a compliant manner.
•    Provide guidance to business areas on AML and sanctions risk and exposure related to customer account opening and transactional activity in more complex situations.
•    Provide guidance to the UAE project teams and compliance representation on any AML related systems project for the country.
•    Provide guidance and training on implementation of AML and Sanctions compliance within countries and businesses.
•    Provide AML and Sanctions compliance representation at CMB related projects when required.
•    Provide advice on compliance & AML/CTF/Sanctions issues that arise through the country compliance functions.

Experience & Qualifications:
•    Bachelor’s degree from a relevant field
•    2 years’ experience in AML, Sanction or Regulatory Compliance roles.
•    Experience of the full range of personal and commercial banking services and have a strong subject matter expertise in the area of Anti-Money laundering including regulatory environment and local regulations.
•    The ability to multi-task across many fields involving potentially complex projects and multiple teams
•    Proven communication and influencing skills with the ability to communicate and in writing at all levels.
•    An excellent command in English

For further details and application information please visit our careers site, searching under reference number (ID: 0000KSP5).

We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.

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.
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Issued by The Hong Kong and Shanghai Banking Corporation Limited.