Headquartered in London, HSBC is one of the world's largest banking and financial services organisations. With more than 6,300 offices in both established and emerging markets, we aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.
We serve around 54 million customers through our four Global Businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. Our network covers 75 countries and territories in Europe, the Asia-Pacific region, the Middle East, Africa, North America and Latin America.
Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by about 216,000 in 131 countries and territories.
The HSBC Group in Luxemburg is a significant employer and operates several businesses including asset management, securities services, private banking and corporate banking.
HSBC Luxembourg has a Financial Crime and Compliance function which supports the various business entities in Luxembourg. As part of this support, we are currently looking to recruit a:
FCC Monitoring & Testing Manager
1-year Fixed-term contract
Maternity cover/Parental leave
Ensure local monitoring activities are in accordance with Global monitoring policies and conducted as a second line of defence.
Role and Responsibilities:
Supporting the Luxembourg FCC Team and reporting to the FCC M&T manager, you will be responsible for the planning and execution of all Compliance Monitoring activities with regards to the various business lines (Private Banking, Securities Services, Asset Management and Commercial banking).
Ensure monitoring activities remain independent. Liaise with other departments/functions, as well as FCC colleagues, in relation to compliance monitoring tasks. Annual completion of Compliance Risk Assessments for all business lines – with support of LoB FCC SMEs - to reflect changes in business strategy, structure or regulatory environment. Business and FCC advisory teams to be engaged in process.
Driving and conducting FCC monitoring reviews with support from Regional and Local FCC colleagues. Drafting of review reports and formulating of recommendations (ensuring Issues raised and Action plans are consistent with the Group's risk appetite, sufficiently mitigate risk and are cost effective).
Good understanding and experience of compliance and/or Financial Crime regulations
Experience and skills required:
Understanding of the activities of relevant business lines and associated compliance risks
Minimum of a Bachelor degree in business, law, accountancy or related field or equivalent experience.
At least 5 years of experience in Compliance monitoring or external audit with a focus on Compliance, ideally within two or more of the HSBC Luxembourg's business lines (Private Banking, Securities Services, Asset Management and Commercial banking).
Understanding of FCC requirements and risk-based monitoring techniques;
Dynamic, enthusiastic and self-motivated person with a naturally proactive approach;
Good interpersonal, written and verbal communication skills;
Ability to work under pressure, both autonomously and within a team and consistently meet deadlines;
Strong inter-personal skills and excellent communication, dealing with senior executives;
Excellent knowledge of Word and Excel;
Awareness of good risk management and governance frameworks including 3 lines of defence criteria
Ability to foster relationships whilst providing adequate challenge and effecting change
Fluency in English required, French and/or another European language is an asset.
If you want to work in our challenging and multicultural environment and be part of a global team, please send your application letter and curriculum vitae (in English) to: email@example.com
HSBC in Luxembourg strives for true diversity in its workforce and as such we are an equal opportunities employer and positively encourage applications from all suitably qualified candidates.
Please note that due to the volume of applications received, we will acknowledge your application only if we wish to proceed to interview. If you have not received a response within 4 weeks your application has not been successful.
Please also note that every selected candidate will have to provide us with a valid criminal record check in due time.