US Head of Financial Crime Detection

Key Skills

Aartificial intelligence, Accounting, Data Analysis, Data science techniques, Effective communication skills, Financial Risk, Leadership Skill, Machine learning techniques, Management

Job Description

Principal Responsibilities

The US Head of Financial Crime Detection will be accountable for the following key responsibilities:

• Leading US to achieve strategic direction for Financial Crime Detection outcomes to protect HSBC from the risk of transacting in contravention of regulatory requirements and / or HSBC Policies. This accountability includes providing oversight of advanced capabilities within the areas of screening, monitoring, analytics, product management, transformation and technology to assemble a collection of techniques that yield valuable insights and drive identification and mitigation of the financial crime risks facing HSBC, now and in the future.

• Management and engagement in discrete value streams aligned to individual outcomes with accountability for the design measurement, prioritization and implementation of technical and business activities. Leadership of cross-functional experts (pods) with the ability to build partnerships to drive and accelerate the execution of financial crime risk management programmes that directly impact detection outcomes.

• Enabling future state thinking to ensure enterprise-wide applications of successful detection outcomes as relevant. This will include the requirement for development of strategic technologies and significant investment cases to support the firm’s response to Financial Crime Risk at all levels.

• Responsibility for continually seeking improvement in risk effectiveness and efficiency while meeting cost expectations and navigating competing priorities. Accountability for providing effective oversight and active challenge for poor, inefficient or excessive controls, related tasks and behaviors.

• Acting as a control owner as defined in the Operational Risk Policy and maintaining accountability for the key controls and oversight of the associated procedures within the function. Partner with Risk Owners and Business Risk Control Managers (BRCMs) to monitor and improve the effectiveness of the control environment.

• Responsibility for specialist risk and control knowledge, and insights in relation to detection services. Accountability for identification of trends to anticipate future developments in the risk and control environment.

• Fostering healthy relationships and interacting effectively with law enforcement, security and regulatory agencies, and financial intelligence units as appropriate.

• Providing the support and coordination necessary to manage the Financial Crime Function’s response to critical incidents related to financial crime detection outcomes with significant financial crime implications (i.e., crisis response).

• Contributing to building a robust financial crime risk management culture and strategy through both internal and external governance, strategy and communications, as well as people management and policy adherence.

• To stay at the forefront of key regulatory changes, particularly where relevant to FC Detection techniques and outcomes, to ensure proactive information sharing and communication, contribute to appropriate policy and framework changes.

• The role holder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing financial crime threats, geopolitical, economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

• The role holder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organization.

For this role, HSBC targets a fixed pay range between $230,000.00 and $325,000.00.

The final fixed pay offer will depend on the candidate and a number of variables, including but not limited to, role responsibilities, skill set, depth of experience and education, licensing/certification requirements, internal relativity, and specific work location.