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The Head of Financial Crime Compliance Wholesale Advisory (WSB) is a key strategic risk management leadership role that has a broad remit and responsibilities for providing oversight and management, of all aspects of Financial Crime Risk including impact analysis of regulatory changes, and driving coordination and execution of the various Financial Crime Compliance work streams and assurance, while ensuring alignment with Global Standards. The role will cover the WSB business under HSBC Bank Malaysia Berhad, HSBC Amanah Malaysia Berhad, The Hongkomg and Shanghai Banking Corporation Limited, Labuan Offshore Unit, HSBC (Malaysia) Trustee Bhd and HSBC Corporate Advisory (Malaysia) Sdn Bhd.
The role requires strong partnership with the WSB business FCC team and Regional FCC teams, acting in concert with them to drive the implementation of policy arising out of Global Standards Committee as it applies to WSB. It will monitor and tack the regional progress of various work streams and initiatives underway which fall under the umbrella of Financial Crime Risk and Global Standards, provide policy advice related to WSB products, services and clients, and ensure that the Financial Crime Compliance function is resourced adequately to address the risks associated with Malaysia WSB business.
The role will also need to stay at the forefront of key regulatory changes to ensure proactive communication with business and develop appropriate policy and framework to manage the changes, particularly extra territorial changes. It will be the WSB go-to person for both Global Standards and WSB workstream leads to ensure processes are coordinated and implementation risks and issues are considered and addressed.
The role is a critical forward looking leadership role and requires strong partnership with business to drive and accelerate the execution of Financial Crime Compliance programs that directly impact business performance. This role is accountable for the implementation of Financial Crime Risk Compliance policies in to the business and as such it will require close collaboration with various Risk and WSB Business functions.
Leadership to ensure proactive approach is taken to identification of financial crime risk change and potential impacts on WSB Business Model in region
Development and continuous review for appropriateness of framework to monitor financial crime developments impacting on WSB in region
Lead / liaise with relevant regional stakeholders within Malaysia WSB, other Global Business and Functional teams to provide WSB expertise on all FCC matters
Interact with regulators and industry bodies on WSB Financial Crime related matters,
Strong communication and working relationship within Malaysia WSB, Regional WSB, other Risk Disciplines, Functions and Global Businesses to ensure implementation of new disciplines.
Lead, motivate and develop an effective Regional team through communication, cultivate an environment that supports diversity and reflects the HSBC brand and improves employee engagement.
Focus on aligning the WSB operating practices with changes in Global Financial Crime Standards and regulatory risk, and ensure that WSB Financial Crime Compliance Framework remains appropriate.
Resolve any/all identified issues promptly, and escalate concerns to Head of FCC, Malaysia, Regional Head of WSB FCC and other managers as appropriate to ensure timely awareness of any material concerns.