Compliance Officer - Financial Crime Anti- Money Laundering & Tax

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As a Compliance Officer on our Financial Crime - Anti-Money Laundering (AML) and Tax Transparency Program and Policy Team, and reporting directly to the US Head of AML and Tax Transparency, you will provide risk stewardship relating to the specific financial crime threats the firm faces now and in the future, contributing to processes and frameworks that protect our business, our customers, and the many communities in which we operate, from the harms associated with financial crime. The AML and Tax Transparency Program and Policy team is responsible for oversight and risk stewardship of the AML and Tax Transparency programs at HSBC in the US. We coordinate policy and program changes across all of our businesses, liaise with our counterparts at the Global level and provide subject matter expertise to all lines of business and functions on AML and Tax Transparency issues. The team is responsible for Policy changes, serves as a thought leader in public debate regarding proposed changes in the regulatory compliance landscape, leads bank initiatives relating to new and changing AML and Tax Transparency regulatory requirements, advises businesses regarding regulatory changes, and partners with other functions within Financial Crime (FC), including Investigations, Risk and Analysis, and the Lines of Business FC teams, to support our businesses and coordinate oversight of risks and controls across the organization.

About Us

Our purpose - Opening up a world of opportunity - explains why we exist. We're here to use our unique expertise, capabilities, breadth and perspectives to open up new kinds of opportunity for our more than 40 million customers. We're bringing together the people, ideas and capital that nurture progress and growth, helping to create a better world - for our customers, our people, our investors, our communities and the planet we all share.

You will be responsible for:
  • Providing guidance and subject matter expertise to lines of business, functions, and other FC functional partners on matters pertaining to AML, Tax Transparency, including regulatory and policy obligations and risk appetite.
  • Providing Second Line of Defense oversight to lines of business FC advisory teams' risk stewardship, overseeing the quality and timeliness of risk assessments, controls implementation, continuous monitoring, issues management and execution of other FC-related first line responsibilities
  • Preparing papers at the request of the US Head of AML and Tax Transparency to submit to various Compliance and Risk committees and forums (in the US and globally) assessing FC risks and mitigants related to products, services, customers and industry or market developments
  • Regularly presenting at Compliance and Risk governance committees and related forums, on industry developments, management of AML and Tax Transparency risks, policy changes, and related issues
  • Preparing written responses to public Notices of Proposed Rulemakings related to regulatory changes under recent legislation, advocating for proposed outcomes
  • Reviewing proposed new products and services and proposed improvements to existing products and services, to identify financial crime risks, provide advice to the businesses and identify proposed risk mitigants
  • Leading all aspects of implementation and compliance with US and Group AML and tax transparency compliance policies
  • Drafting monthly and other periodic reports to management analyzing and assessing financial crime-related metrics and other data and summarizing regulatory trends
  • Using metrics and management information to assess the quality of HSBC's financial crime risk and to develop proposals for improving processes around financial crime risk management
  • Responding to requests from regulators, internal audit and compliance assurance teams relating to reviews of financial crime programs
  • Providing ad hoc papers, reports, summaries and other information at the request of US and global FC management
  • Developing and delivering training and guidance to staff on AML and Tax Transparency matters, incorporating lessons learned from internal issues as well as external events
  • Working optimally as part of a dynamic regional team, including taking on unfamiliar/difficult tasks when needed and providing mentorship and support to others
  • Developing and maintaining relationships and understanding of activities across multiple Financial Crime functions and with Global partners
  • Developing and supporting a long lasting, effective team environment, to achieve mutual team and business goals
  • Sharing of best practices to enhance team delivery


Qualifications

Qualifications
  • Comprehensive understanding of financial crime, AML, regulatory, and reputational risk based on significant work experience
  • Experience designing, implementing, enhancing and/or overseeing compliance programs for large complex organizations
  • Experience analyzing new legislation and regulation and assessing potential impacts on compliance programs, as well as incorporating new regulatory requirements into existing processes
  • Experience presenting complex information, recommendations and risk mitigants to senior level stakeholders
  • Experience in assessing and mitigating financial crime, reputational risk and other risks related to clients, third parties, products, services, transactions and processes
  • Must be capable of learning and applying new or unfamiliar concepts quickly
  • Must be able to make sound decisions and influence a wide range of stakeholders
  • Understanding of and experience assessing and managing tax evasion risks, US FATCA and/or other tax reporting regimes would be a significant plus


As an HSBC employee, you will have access to tailored professional development opportunities and a competitive pay and benefits package. We work hard to ensure that our workplace is a diverse, inclusive and meritocratic environment, and we have a strong dedication to sustainability. Our Employee Resource Groups (ERGs) play a central part in life at HSBC, including the development of our employees and our connection to the communities and customers we serve. We value difference. We succeed together. We take responsibility. We get it done. And we want you to help us build the bank for the future!

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

#LI-TL1 #HSBCUSA