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. Were 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), Business Financial Crime Risk (BFCR) team is a First Line of Defence (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 and Corruption (AB and C), Tax Transparency, Fraud and Reputational Risk considerations for both existing clients and new prospects.
Responsibilities:
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Responsible for the design, enhancement, and implementation of financial crime controls relating to ABC and Tax risks. Contributing to the testing and assessment of control effectiveness, including identifying gaps, weaknesses and areas requiring enhancements
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Supporting the ongoing enhancement of the Risk and Control Assessment for Anti:Bribery and Corruption and Tax as part of the HINV Risk Management Framework
:Serving as an SME for HINV Relationship Teams to aid in identification of prospect and existing clients that may have increased bribery/corruption and tax risk due to business model, geographic location and/or ownership
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Working closely with the 1LOD and 2LOD teams to enhance bribery and corruption procedures and controls
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Reviewing client relationships that meet HINV's high risk business categories and geographies and performing reviews of existing clients and prospects with a primary responsibility to cover bribery and corruption risk
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Supporting and providing ABC and Tax subject matter expertise input into the annual EWRA programme
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Supporting ongoing monitoring activities relating to ABC/TAX controls including MI production and escalation of issues where required. Escalation of issues in a timely manner for review and resolution including knowledge of SAR escalation
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Responsible for timely and accurate submission of Client Tax Reporting (CTR), prepared in accordance with the applicable reporting requirements
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Providing guidance, training and awareness across relevant stakeholders to strengthen understanding of ABC/Tax risks obligations and control expectations
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Assisting with internal ongoing due diligence review escalations regarding client matters and supporting the preparation of papers to Reputational Risk and Client Selection Committees where required
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Building strong relationships through effective influencing and decision:making skills
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Supporting change in the right way and recommending enhancements to processes and procedures to ensure the firm remains compliant whilst aligning to a risk:based approach
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Maintaining current industry awareness and demonstrating awareness and competence in relation to regulatory obligations
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Providing guidance and direction to BFCR colleagues to ensure they remain protected from financial crime risks and embedding an effective financial crime risk culture
Requirements (Skills/experience):
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