Manager, Sanctions, GBM (ID: 0000IY1B)

GCB5

Some careers grow faster than others.

If you're looking for further opportunities to develop your career, take the next step in fulfilling your potential right here at HSBC

The Job holder supports Senior Management in meeting their regulatory obligations by providing an active support in the implementation of Sanctions policy in compliance the UAE Central Bank regulations, HSBC Group's Global Policies and Principles and international standards.

The jobholder assists the MENAT Head of Sanctions to; identify and contain Sanctions compliance risks, foster a compliance culture in the Bank, optimize relations with the Regulators, protect the reputation of the Group and comply with applicable Group policies and standards and local laws and regulations in order to prevent criminal sanctions.

In the execution of Sanctions duties, the job holder must independently handle the tasks assigned to him/her and be able to take decisions on matters within their designated authority.

The job holder must be able to independently analyze and critically evaluate the responses received without much supervision and escalate as appropriate.

The person will be responsible for the providing Sanctions guidance relating to their assigned area of responsibility to the relevant business areas and country Compliance within the MENAT countries

Key responsibilities

• Managing and coordinating Sanctions Compliance for the UAE and MENAT region countries.
• Reviewing any new/amended material laws, rules and regulations and Group Policies, assess their applicability to the business areas and guide the business accordingly ensuring all appropriate processes and procedures are amended to comply.
• Providing guidance to Compliance investigators on escalated alerts with greater complexity.
• Assisting MENAT Head of Sanctions and country Compliance in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to sanctions
• Evaluating and monitoring existing procedures and develop new procedures, systems and controls with specific focus on common systems, off shoring initiatives to minimize the risk of the firm being used for financial crime and ensure the business is compliant with current sanctions requirements
• Proactively assist MENAT Head of Sanctions supporting business and country compliance functions to operate in a compliant manner.
• Provide guidance to FCI on sanctions related queries.
• Provide guidance to business areas on sanctions risk and exposure related to customer account opening and transactional activity in more complex situations.
• Operates across multiple jurisdictions and business lines.
• Understanding Group, International and local regulatory requirements and recognition of Sanctions risk.
• Complex international sanctions environment
• Complexity arising from regional sensitivity due to political and economic structures.
• The Group's global policy is to comply with international sanctions regulations applicable in all jurisdictions in which it operates. This relates to abiding by local regulations as well as Group directives.
• Failure to comply with Sanctions regulations can have significant and material adverse consequences for the HSBC Group, HBME and certain individuals. These include fines, firms being closed, business being unwound, loss of customer confidence and criminal prosecution. All of these have an adverse effect on the Group's reputation.

Requirements

To be successful in the role, you should meet the following requirements:

Experience & Qualifications

• Bachelor's degree is a must to obtain UAE visa.
• The jobholder must have at least 3 years' experience in Financial Crime Compliance, ideally having a background in AML /Sanction Compliance roles.
• Experienced in Global Banking and Markets Securities Services business is a preference and or wholesale business in general, including a regulatory environment and regional regulations.
• The ability to multitask across many fields involving potentially complex projects and multiple teams
• Experience in people management is a plus
• Proven communication and influencing skills with the ability to communicate and in writing at all levels
• An excellent command in English

Issued by The Hong Kong and Shanghai Banking Corporation Limited.

---