Senior Sanctions Associate, Financial Crime Risk & Controls

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. We're 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 team you’ll work with:

The HSBC Innovation Bank (HINV) UK, Financial Crime Risk & Controls (FCRC) team is a First Line of Defence (FLOD) team responsible for identifying, investigating, and monitoring relationships that pose a money laundering, terrorist financing, or sanctions risk in support of all legal and regulatory requirements relating to anti-money laundering (AML), counter terrorism financing, and sanctions.

The value you’ll add: 

You will report to the Sanctions Manager within FCRC and the role itself will partner closely with HINV FLOD business and product areas, the HINV Client Lifecycle Management team in the UK and the HSBC UK Business Financial Crime Risk team.

The role will also have a close working relationship with the Second Line of Defence (SLOD) HINV UK Financial Crime (UKFC) team and other SLOD HSBC Regional and Global Financial Crime Risk teams (including the HSBC UK Sanctions team).

What you can expect to be doing: 

Serving as an SME for HINV Relationship Teams to aid in identification of prospects & existing clients that may have increased sanctions/geographic risk due to business model or geographic location.

Reviewing and responding to sanctions related queries from the First Line of Defence.

Assist clients/prospects to ensure compliance with HINV’s sanctions and high-risk requirements including internal scheduled and triggered refresh review escalations regarding client matters.

Undertaking country of interest sanctions reviews and preparing enhanced due diligence reports for various reputational risk and client selection committees.

Working closely with HSBC UK Sanctions teams and staying abreast of relevant sanctions laws, regulations, and industry guidance.

Working closely with FCRC colleagues who are responsible for review of Actionable Intelligence alerts and Account Activity Reviews.

Escalation of issues in a timely manner for review and resolution in relation to Financial Crime including knowledge of SAR escalation.

Providing guidance and direction to FLOD colleagues to ensure they remain protected from Financial Crime Risks and embedding an effective Financial Crime Risk culture.

Assisting clients/prospects to ensure compliance with HINV Financial Crime Risk assessment requirements.

Assisting with internal ongoing due diligence review escalations regarding client matters covering Financial Crime and reputational risk considerations.

Working closely SLOD to seek advice on complex global Financial Crime matters and serving as the FLOD escalation point of contact for Financial Crimes activity for HINV.

The experience you need:

Strong in-depth knowledge of US, UK, EU and UN Sanctions regimes to ensure awareness and application of regulatory requirements.

Good knowledge of financial crime legislation including Anti-Money Laundering, Counter Terrorist Financing and Fraud.

Solid experience related to financial crimes including AML, KYC, EDD, Fraud and Sanctions compliance risk management processes.

Good working knowledge of financial crime and/or fraud prevention within the UK regulatory environment.

Good judgement, analytical, research, organizational, and project management skills.

Strong understanding of Microsoft Office applications and ability to learn new internal systems.

Where you’ll be based:  
Our home office in Finsbury Square, London. We offer hybrid working to all of our employees, so you can flex between home and the office. 
 
Equal Employment Opportunity 
HSBC Innovation Banking is an equal opportunities employer. We support inclusive practices within our assessment process. If you need any specific support, please highlight to your Recruiter or via your application.