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Assistant Vice President Sanctions Screening Team Leader (471 hits)

Manages assigned specialized compliance functions and/or operations for financial services business groups of the largest and most complex nature.  Manages and participates in the provision of investigative due diligence for various transactions to identify potential sanctions concerns related to OFAC, EU, HMT, etc.Provides investigative support for more complex due diligence reviews on high-risk wire transfers.  Evaluates processes, for effectiveness and efficiency through the use of metrics reports; recommends and administers the implementation of efficiency and productivity improvements while not compromising quality. Assists Senior Manager with managing the staff and the daily processes.


Impact on the Business

  • Maintains awareness of major regulatory changes affecting business(es); ensures appropriate communication and development of appropriate policy/procedure changes to remain compliant.
  • Assists senior management in identifying and containing compliance risk, compliance monitoring and fostering a compliance culture.  Works with management in the development and enhancement of products to ensure compliance with applicable laws and regulations; coordinates development and maintenance of supporting policies, and procedures.
  • Provides meaningful advice and guidance to businesses and Local Compliance Officers as subject matter experts on sanctions issues and suggests course of actions to avoid reputational risk and remain compliant.
  • Provides meaningful guidance to senior management as to sanctions trends and issues so as to enable the proper review and processing of transactions under all sanctions regimes.

Customers / Stakeholders

  • Develops internal contacts among internal peer groups to determine/validate that the Company is following and instrumental in developing industry best practice.
  • Supports liaison with business managers, BRCM and other sanctions teams (if applicable) to support first line of defense efforts and responsibilities.
  • Fosters a positive culture of compliance by working proactively with the business, BRCM, internal controls functions, and other Compliance professionals to ensure that best practices and systems are in place to facilitate business growth and the overall success of HSBC in accordance with applicable laws, rules, regulations and internal policy. 

Leadership & Teamwork

  • Helps to ensures adherence to the Sanctions procedures and Group Policy
  • Serves as liaison for all business lines to foster good working relationships in regards to sanctions requirements.  
  • Assists in ensuring appropriate accommodations for examiners, facilitate information requests and meetings, participate in exit interviews and coordinate management responses to examination findings.
  • Assists management to lead and develop an effective team through communication, performance management, development plans and reward/recognition practices.
  • Promotes an environment that supports diversity and reflects the HSBC brand.

Operational Effectiveness & Control

  • Identifies and reports all significant regulatory compliance breaches or gaps; works with legal and business management to design and implement changes to business policies and procedures as appropriate.
  • Implements the Group compliance policy locally by managing compliance risk in liaison with the Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer, ensuring adequate compliance resources and training, fostering a compliance culture and optimizing relations with regulators.
  • Completes other responsibilities, as assigned.

Major Challenges

  • Helps maintain a compliant/high morale Compliance department in light of the increasingly and heavily regulated environment and corresponding demands on the personnel.
  • Helps ensure future business growth is attained in a responsible and conscientious fashion while the operation remains regulatory compliant and commercially sound.

Role Context

  • Has the authority and is expected to make decisions regarding sanctions-related matters, which may include reviewing transactions escalated by Sanctions Officers to supply a proper decision.; conducting meetings with other members of the sanctions management team to confer on more complex transactions and related cases; providing guidance to various business lines to reduce the possibility of a sanctions breach.  
  • Has the ability to act independently utilizing knowledge and information to pro-actively solve issues and deliver effective solutions in an efficient manner.
  • Demonstrates a thorough understanding of policies and procedures pertaining to the role.  Aware of what constitutes an effective control environment.
  • Communicates effectively and professionally, and conveys the key information needed to ensure compliance goals are met.

Management of Risk

  • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Ensures employees apply compliance, operational risk controls in accordance with HSBC and regulatory requirements, expectations, standards and policies; and optimize relations with regulators by addressing any issues.
  • Adheres to HNAH’s Statement of Business Principles and Code of Ethics

Observation of Internal Controls

  • Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
  • As appropriate to the role, ensures alignment with regulatory requirements, the Compliance FIM, HNAH’s Enterprise Compliance Policy and Program, the CRMP Manual, HNAH’s BSA/AML Policy, other Group policies and all related policies and procedures.
  • Communicates control weaknesses to other group leaders and business management in accordance with issue escalation procedures.

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Posted By: Will Moss
Thursday, July 6th 2017 at 6:35PM
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