Senior 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 Defense (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.

This role is responsible for designing, implementing, and overseeing effective anti-money laundering (AML) and financial crime controls within the First Line of Defense (1LoD). To ensure business activities are conducted in line with regulatory expectations and internal risk appetite, embedding a proactive risk and control culture across client onboarding, transaction monitoring, and ongoing client management.

Responsibilities

Lead the Financial Crime Risk Management Framework across AML, Sanctions, AB&C, Tax Transparency and Fraud, including RCAs and overall control environment effectiveness

Serve as the primary AML subject matter expert, providing timely guidance and maintaining awareness of emerging typologies, trends and enforcement actions

Support the business to identify, assess and mitigate AML/CTF risks across products, clients and geographies

Provide financial crime risk input to new product approvals, strategic initiatives, and client onboarding, retention and exit decisions

Design and maintain end-to-end AML control frameworks across the customer lifecycle; monitor effectiveness via KPIs, KRIs and MI, and lead escalation and remediation of material issues

Line manage Managers and Senior Associates covering Sanctions, AB&C, Tax Transparency and Fraud risk, and oversee Financial Crime Operations; coach teams on risk ownership and accountability.

Lead the delivery of the Enterprise-wide Risk Assessment (EWRA), ensuring comprehensive identification and assessment of inherent and residual risks across products, clients, channels, and geographies; embedding results into strategic decision making

Working closely with the Financial Crime Business Risk Manager responsible for the co-ordination and update of RCAs across AML, Sanctions, AB&C, Tax Transparency and Fraud

Working closely with HINV UK Financial Crime (2LOD) to seek advice on complex global financial crime matters and policy interpretation, serving as a FLOD escalation point of contact for financial crimes activity for HINV UK and provision of advice and guidance to FCRC

Partnering closely with FLOD business and product areas, the HINV UK Client Lifecycle Management team, and HBUK and global Business Financial Crime Risk teams

Supporting the wider team who undertake Special Category of Client (SCC) Assessments (including Enhanced Due Diligence and Account Activity Reviews) and Reputational Risk assessments

Exercise delegated FLOD decision-making authority from the HINV MLRO in line with documented Financial Crime Delegated Authorities

Support responses to regulatory requests, audits and reviews, translating regulatory change into practical control enhancements

Deputise for the Head of FCRC as required, including at RRCSC and the Financial Crime Forum, reporting on and developing KPIs/KRIs, risks, issues, trends and mitigating actions

Produce high-quality MI and senior management reporting, providing clear insights, trends and recommendations to support governance

Promote a strong risk and compliance culture in the First Line, delivering targeted AML training and awareness aligned to business activities and heightened risks

Requirements and Skills

Extensive experience in senior Financial Crime risk management roles within the financial services industry including development and monitoring of compliance management processes

Extensive experience in AML and Financial Crime within banking, fintech, or financial services. Deep understanding of AML frameworks; CDD, EDD, transaction monitoring, sanctions screening

Demonstrated ability to operate across diverse business units, innovative product sets and a broad array of customer segments

Proven senior stakeholder management and committee representation as a Financial Crime Subject Matter Expert

Experience leading and managing teams performing financial crime risk management

Demonstrates strong knowledge of financial crimes risks and the prevention and mitigation processes and controls

Advanced knowledge of control frameworks and the ability to design and assess compliance programs and evaluate effectiveness of controls embedded within business processes

Strong understanding of the compliance and regulatory frameworks that apply to financial institutions regulated by the FCA and PRA in the UK

ICA or ACAMS qualifications desirable

Skills

Collaborates through a proactive/constructive dialogue with senior management, peer leaders, clients, committees and regulators.

Risk-based decision making

Leadership and management skills; ability to recruit, retain, mentor and develop talent.

Confidence and judgement to express well-reasoned opinions, constructively challenge the status quo, and think critically

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, socio-economic background 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 via hsbc.recruitment@hsbc.com.