Financial Crime Manager - Saudi Nationals

About HSBC:

HSBC Saudi Arabia provides investment banking services to the full spectrum of corporate and institutional clients in both the private and government sectors, including public companies; private companies and establishments; funds; government agencies; and family businesses and offices.

Impact on the Business 

1. Providing support and direction on FC Compliance for all HBSA Business lines in particular relating to KYC and Customer Due Diligence requests.
2. Reviewing any new/amended material laws, rules and regulations and HBSA policies, assess their applicability to the business areas and guide the business accordingly ensuring all appropriate processes and procedures are amended to comply.
3. Communicate with CMA and other regulatory authorities, and resolve queries or issues raised by them, if required.
4. Assist in audit committees, and assist with remediation and other action to address FC gaps identified during assurance and regulatory reviews.

1. Ensure that an effective Compliance training program is implemented in HSBC SA.
2. Make recommendations for onboarding of all new and retention of existing high-risk rated customers.
3. Review quality and completeness of customer due diligence (CDD) and enhanced due diligence (EDD) information in accordance with the requirements of the AML Policy and Line of Business Procedures.

1. Escalate all the negative hits or Sanctions exposure or AML exposure to the Risk Reputational Client Selection Committee to obtain the members approval.
2. Support efforts to proactively drive the KYC improvements to support sanctions compliance.
3. Provide support to the FC function for implementing an effective FC framework and controls in order to protect the bank from potential losses.
4. Provide support on any FC related project as required.
5. Review reports and make recommendation and follow up for corrections and remedial.
6. Assist with completion of AML, Sanction, AB&C, Tax Evasion, Internal and External Fraud and Market Surveillance, action, register, reporting requirements, including but not limited to half-yearly certifications, monthly reports, issue report, and reportable event escalation, in a timely and comprehensive manner.
7. Review quality and completeness of customer record in accordance with the requirements of the sanction & AML policy and line of business procedures.
8. Responsible for conducting effective and timely investigation into assigned cases in accordance with agreed standard reporting requirements and service level agreements.
9. On receipt of a referral, conduct a review, in line with the instructions, in order to identify any probable financial crime related issues, or mitigation of any financial crime risks.
10. Responsible for writing a high quality investigative narrative (Investigation Report) and to record the case history, with supporting findings, in an approved case management system.
11. At any time during an Investigation, at the first reliable indication of financial crime risk, the case should be escalated to the Senior Manager of FC unit for consideration of reporting
12. Manage Oracle Watchlist Screening (“OWS”) referrals in line with Name Screening and investigative reporting instructions.
13. Manage the Transactions monitoring system alerts (SAS) and ensuring to discount all low-medium risks issues with rationale justifications as a (Level 1).
14. Escalate all high risk alerts/issues to the line manager (Level 2) for decision taking.
15. Support the team by providing back-up coverage for leave and vacation.
16. Provide support on any FC related project as required.
17. Review reports and make recommendation and follow up for corrections and remedial.

1. Have an access to the group systems and implement all the needed reports.

1. Update the FC packs for all local committees and regional committees.
2. Responsible for all the FC risk controls in the Helios.
3. Have an access to the Helios System and review the submitted risks from the business.
4. Supporting/oversighting Performance of daily trade and communications surveillance across business lines in Covered Business. 
5. Supporting/Oversighting performance of Transactions monitoring across all business lines covered.
6. Assess testing the adequacy of controls in place within Covered Business.
7. Managing Performing ad-hoc trading reviews. Scope of report to include trends and analysis / out of the norm trading activity.
8. Assisting team members with the implementation and roll-out of a new surveillance / market abuse monitoring tool.
9. Update the Watchlist immediately and do all the required investigation.

Customers / Stakeholders  

• Interact with HSBC SA Senior Management team for escalating compliance related issues/requests, if required.
• Interact with all Department/Business for developing action plans and responses to regulatory authorities
• Coordinate with CMA for responding or resolving any queries/issues.
• Network with the Regulatory Authorities to maintain relationships with the regulatory authorities, resolving any compliance related concerns and keep abreast of any new developments.

Qualifications:

• Bachelor’s degree in Law, Accountancy, Business Administration or any other relevant field from an accredited University
• Master’s Degree in Risk Management is preferred
• Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), or Certified Regulatory and Compliance Professional (CRCP) is advantageous.

Experience:

• 3 - 5 years of relevant experience within a similar role
• Prior experience in Compliance and Risk Management in the banking/financial sector within is preferred
• Some understanding of the local CMA regulatory framework and regulations
• Good communication skills both oral and written
• Ability to manage conflicting priorities effectively and proven ability to meet challenging deadlines
• Team player who focuses on delivery and continuous improvement
• Ability to assess business needs and apply regulatory knowledge when providing advice