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Financial Crime Compliance aligns current activities within Global Risk and helps to build these into a more integrated framework to conduct Customer Due Diligence which enables HSBC to manage financial crime risk more effectively. It builds stronger controls to improve the way Financial Crime Compliance risks are managed in order to spot gaps as well as trends so that the team can take action. It proactively gathers and analyses financial intelligence in a smart way so that suspicious transactions, activities or connections can be identified and we can adequately protect our customers from the threat of financial crime.
We are currently seeking a high calibre professional to join our team as a Head of Fraud Risk.
To lead and improve the management of Fraud Risk for the Country by ensuring the implementation of market leading fraud prevention, detection and investigation policies and practices across the Country in accordance with business risk appetite
Direct and implement a paradigm shift in the fight against fraud through the design and application of advanced technology solutions through structured and centrally managed global programmes
Collaborate and challenge as Risk Steward on fraud process, given the heightened external fraud environment, to protect consumers and ensure the good standing of the bank. This includes the oversight of controls and measures to mitigate against consumer and corporate external fraud risks
Ensure that the Fraud Risk function is most optimally positioned across the first and second lines of defence, and works closely with the four global businesses to ensure that controls, accountabilities and robust and flexible risk appetite statements are agreed and tracked
Ensure that these technology solutions and anti-fraud practices are incorporated where appropriate into the OneHSBC programme to deliver
step changes in the way fraud risk is managed
Represent HSBC at senior level discussion on anti-fraud issues with law enforcement, regulators, policy makers and other opinion formers
Establish effective operating models in partnership with businesses and colleagues in ASP teams to acknowledge areas of overlap in emerging threats and realize opportunities for more effective collaborative working
To plan, manage and control the fraud functions for HSBC Singapore and relevant entities, in order to ensure that they are properly established and effective, and operating in accordance with the requirements and guidelines set by the Group (as in the Group Security and Fraud FIM), the Monetary Authority of Singapore, the Hong Kong Monetary Authority and the laws of Singapore
At least 5 to 10 Years of relevant experience
A combination of hard and soft skills is required for this role
The understanding of the local laws in the areas of Banking, criminal law is imperative
Investigative experience too becomes pertinent for team members to derive clear direction to deal with a myriad of fraud related cases
The role holder should demonstrate clear managerial process and significant EQ in dealing with team members, other departments and external entities
Knowledge of fraud risks from both a consumer banking and wholesale banking and markets standpoint are preferred
To be considered for this role, the relevant rights to work in Singapore is required.
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Issued by The Hongkong and Shanghai Banking Corporation Limited.