Financial Crime Operations Expert

Job description

Tasks

• Review and investigate suspicious reports to the Money Laundering Reporting Officer (MLRO) and determine whether transactions warrant escalation to the MLRO and/or local AML team
• Conducting research related to this control against Financial Crime Compliance (FCC) policies and procedures to determine whether the detection rules and alerts need to be modified
• Contribute to building/testing new and existing suspicious activity reports to support the first line of defense
• Review and escalate suspicious activity reports and perform root cause analysis of alerts to identify root cause
• Perform root cause analysis of false positive alerts to identify and mitigate root causes
• Creation of MI/key performance indicators (KPIs) to measure the effectiveness of transaction monitoring
• Provision of IMSM (intelligence) related to FCC activities to senior management

Responsibilities

• Conduct initial analysis of customer transactions using transaction research tools to assess whether data can be used to identify structuring or escalation
• Precisely documented and comprehensible decisions for closure or escalation to authorizing authorities
• Understanding the purpose of alerts and assessing their daily/current/unusual gains/losses; identifying potential issues
• Determine if dissatisfaction reports have been received and assign appropriately for a thorough root cause analysis
• Populating populations of systems to analyze suspicious transactions on demand
• Ensure investigations comply with HSBC's global standards, policies and procedures
• Ensuring that root cause analyses are registered by other departments
• Supporting the Head of Financial Crime Compliance Operations with special projects

Requirements

• Degree: Preferably in banking, business administration
• Technical skills and experience related to risk and regulatory/compliance requirements in a financial institution environment; suspicious activity monitoring/transaction reporting (STR) experience or equivalent; AML/CFT experience
• Demonstrable skills:
  • Communication and interpersonal skills
  • Complex analytical, critical thinking and problem-solving skills
  • Ability to work under pressure and meet tight deadlines
  • Self-motivation, good communication skills and a proactive approach
  • Fluent in English (written and spoken) and knowledge of another language, e.g. French
• Proven experience in compliance, banking, preferably in a regulated business in a second line of defense or regulatory organization
• Ability to work independently and as part of a team
• Ability to work under pressure and meet tight deadlines
• Internal certification requirements apply to the Transaction Monitoring Compliance Office; details of internal certification requirements are available on request; usually involves completion of an e-learning module; holder of a relevant SFI exam

We offer

• Career development (including access to development programs, mentoring and coaching, and world-class learning through HSBC University)
• Flexible working hours, where and when you want
• Our benefits package helps you financially, socially and includes:
  • Health and wellbeing benefits (benefits to stay healthy and happy)
  • Time to recover and focus, thanks to our generous vacation allowance