VP, CIB IWPB FC

In compliance with applicable laws, HSBC is committed to employing only those who are authorised to work in the US. This role is for a Vice President, CIB IWPB FC, who will provide financial crime risk stewardship across customers, products and geographies related to Digital Assets and Currencies within CIB business.

The role is a key risk management position with a targeted remit and responsibilities including, but not limited to:

• Providing advice and guidance regarding business activities involving Digital Assets and Currencies
• Providing subject matter expertise to support setting policy, providing guidance and advising the businesses and functions on financial crime risk involving Digital Assets and Currencies
• Subject matter expert guidance to support the articulation of Digital Assets and Currencies financial crime risk appetite and policies with respect to the above financial crime risks
• Acting as the trusted advisor and exercising risk steward challenge to FLOD
• Maintaining an effective understanding of the FC control framework and compliance with all relevant external laws & regulations, internal codes and policies and good market practices
• Representing the financial crime risk agenda as an attendee at the relevant forums (where required) to report on progress and issues in relation to the operational effectiveness of HSBC’s policies, processes, systems and controls in countering financial crime
• Supporting the implementation of policy, issue management, fostering a compliance culture and optimising relations with risk owners and control owners
• Maintaining effective relationships with global, regional, and local stakeholders to develop a strong working relationship

Impact on the Business

• Proactively supporting the implementation of any changes in the financial crime risk requirements for CIB Digital Assets & Currencies
• Continuous review for appropriateness of the control framework to monitor financial crime risk developments impacting CIB Digital Assets & Currencies
• Driving, developing and implementing programmes to quantify impacts and implement actions to address, manage and mitigate impacts of financial crime related regulatory changes across CIB Digital Assets & Currencies

Customer / Stakeholders

• Liaising with relevant stakeholders to provide expertise and support on all financial crime related matters
• Providing appropriate, timely and relevant risk information to management and governance forums
• Providing subject matter expert knowledge and financial crime risk stewardship to support a customer focussed business operation
• Interacting with industry bodies on FC Digital Assets & Currencies related matters, as required
• Developing and maintaining a strong and professional working relationship with senior stakeholders of Risk, Audit and Finance at Business, Group and Entity levels

Leadership and Teamwork

• Maintaining and developing positive and professional working relationships with senior business leaders, Risk and Compliance colleagues and FC Risk Stewards at Group and Market / Entity level
• Promoting an environment for the delivery of consistent performance measurement, training and career management across the function
• Championing a learning agile culture, promoting proactive review of lessons learned and share best practice with entities and globally
• Prioritising development activities as a core priority and taking reasonable time for learning and developmental activities including regular & productive use of Personal Development Plans and appropriate follow up
• Cultivating an inclusive environment that supports diversity and reflects the HSBC brand. Ensures effective and open communication, team building and knowledge sharing not only within the function but to the broader organisation

Operational Effectiveness and Control

• Updating all GSM, FIMs, BIMs and dispensations, etc. for changes in Regulation and impacts on business
• Supporting the resolution of identified issues promptly, and escalating concerns to management as appropriate to ensure timely awareness of any material concerns
• Maintaining and observing all HSBC control standards and implementing and observing the Group FC Policy, including the timely implementation of recommendations made by internal/external auditors and external regulators
• Maintaining awareness of operational risk within assigned portfolio and minimising the likelihood of it occurring including its identification, assessment, mitigation and control, loss identification and reporting

Qualifications

• Experience in digital asset services, exchanges, or coin providers
• Prioritising regulatory knowledge, especially US regulations and compliance processes
• Valuing strong communication, stakeholder management, and project management skills
• Leveraging candidates’ background in payments and financial services
• Wealth management and SME development experience to strengthen the team’s expertise
• Regulatory environments and contributing to knowledge processes
• Global payments solutions – product
• US regulations
• Digital Assets

Job Requirements

• Bachelor’s degree in a relevant field
• Minimum 10 years of experience in financial services, with a focus on risk management and regulatory compliance
• Strong understanding of financial crime risk management principles and practices
• Excellent communication and interpersonal skills
• Ability to work in a fast-paced environment and meet deadlines
• Strong analytical and problem-solving skills
• Ability to travel up to 20% of the time

Benefits

• Competitive salary and bonus structure
• Comprehensive benefits package, including health insurance, retirement plan, and paid time off
• Opportunities for professional growth and development
• Collaborative and dynamic work environment
• Recognition and rewards for outstanding performance