Business Money laundering and Compliance Manager – (UAE National) (0000K7V3)
Some careers shine brighter than others.
If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
Wealth and Personal Banking is our new global business combining Retail Banking and Wealth Management; and Global Private Banking, to become one of the world’s largest global wealth managers with USD1.4 trillion in assets. Our dedicated colleagues serve millions of customers worldwide across the entire spectrum of private wealth, ranging from personal banking for individuals and families, through to business owners, investors and ultra-high-net-worth individuals. We provide products and services such as bank accounts, credit cards, personal loans and mortgages, as well as asset management, insurance, wealth management and private banking, that best suit our customers’ needs.
We are currently seeking an ambitious individual to join our Wealth and Personal Banking team, working together with colleagues to define, manage and achieve divisional business targets.
In this role, you will:
• Facilitating to report all material and significant breaches of financial Crime or potential breaches of financial crime by acting as first line of defense for frontline.
• Act as a point of contact for issues/ complex queries/ referral for action related to Financial Crime Investigation
• To manage timely execution of the relevant controls.
• Educate network staffs on line of business procedures on AML/ Sanctions/ CDD in respect of their business area.
• Ensure an adequate understanding of all relevant regulations applicable to their business, and generally assisting with the resolution of FCR issues.
• Review cases escalated to the Client Selection & Exit Management (CSEM) Committee. Completion of CSEM Exit Execution tasks as per process. Elaborate more on Exit execution
– Closure of account- timely closures/Ring fencing where accounts cannot be closed
– Maintain a Central MI with appropriate comments for tracking
– Tracking the closure MI
– Reporting to RRCSC Secretariat
– Escalate issues to Head of BFCRA/CSEM Secretariat
