Senior Compliance Manager, MLRO & MLCO

HSBC•Guernsey, OH

18d

About The Position

The role holder will act in a regulated capacity as Money Laundering Reporting Officer (MLRO) and Money Laundering Compliance Officer (MLCO) and be responsible for discharging the legal and regulatory requirements of this role. Key to the role is fostering and maintaining good relationships with the Guernsey Financial Services Commission (GFSC), and other regulatory bodies such as the Guernsey Economic Financial Crimes Unit and any other Guernsey Authority. As an HSBC employee in the Channel Islands and Isle of Man (CIIOM) you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all employees, enhanced parental and adoption pay and support when you return to work, and a non-contributory pension scheme with a generous employer contribution.

Requirements

Experience in a regulated position such as a Compliance Officer, MLCO, MLRO, DMLRO, and/or Nominate Officer.
Robust level of Compliance and financial services knowledge and experience
Experience of managing relationships with regulators and law enforcement.
Ability and drive to raise standards and financial crime compliance culture across the businesses.
Experience of markets and company/corporate conducted within either a Guernsey or Offshore environment.
Strong interpersonal skills, including confidence and ability to interact and negotiate with executive and senior management and at all times being solution focused and commercially aware.
Proven analytical and reporting skills, together with the ability to support decisions with sound reasoning and to articulate verbally and in writing, potentially delivering unwelcome messages to mitigate regulatory risk.
An internationally recognised qualification in Financial Crime Compliance, e.g. ICA Certificate / Diploma

Responsibilities

Act as Money Laundering Reporting Officer (MLRO) for the following regulated entities: HSBC Bank plc, Guernsey Branch, HSBC Custody Services (Guernsey) Limited, HSBC Security Services (Guernsey) Limited
Discharge statutory MLRO responsibilities in line with the Proceeds of Crime (Bailiwick of Guernsey) Law, including assessment, reporting and submission of Suspicious Activity Reports (SARs) and consent requests to the Financial Intelligence Unit (FIU).
Provide independent second line oversight of financial crime risks, including AML, CTF, sanctions, fraud and proliferation financing.
Prepare and present Management Information (MI) and financial crime reporting to relevant governance committees.
Coordinate production orders and law enforcement requests, including direct liason with the EFCB and FIU.
Provide input into customer exits, account restrictions and financial crime risk mitigation strategies.
Articulate the Financial Crime and Fraud risks. Support line management to ensure that all business is conducted in accordance with the letter and the spirit of all applicable laws, rules, regulations, codes of practice, Global Standards Manual and Compliance Section of the Global Risk FIM and provide advisory services to ensure clear understanding of compliance risk exposure with respect to clients, transactions and products.
Fosters a positive culture of compliance by working proactively with the business line, Business Risk and Control Management (BRCM), and other compliance professionals to ensure that best practices are followed in accordance with the applicable laws, rules, regulations, and internal policy.
Be responsible for second line governance of Financial Crime and Fraud risks exposures, providing analysis, reporting and governance to Guersney entities that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure.
Assist the CIIOM Head of FC and relevant senior management of CIIOM, and other colleagues on all material compliance related matters.
Influence a large area of regulated activity in a functional manner across a number of internal departments and governance committees to ensure the overall environment in which supported entities operate is fully compliant by taking a pro-active and innovative approach to risk management.
Supporting the process for Financial Crime policy implementation and working with Compliance Risk Stewards to oversee gap analysis and successful implementation.
Primarily to support Advisory, to maintain an effective control framework and to ensure compliance with all relevant external laws and regulations, internal codes and policies and good market practices.