Analyst, Non-Sanctions - AML Name Screening

Aug 19, 2017
Competitive
Toronto, Ontario
Entry Level, Early Career

Description

Employment Type: Regular

Reporting to the Senior Manager, Financial Crime Compliance ('FCC') Operations, the Analyst FCC Operations is an entry level role on the FCC Operations team.The role holder will provide day-to-day support to meet the objectives of the FCC Operations team through research, analysis, escalation and monitoring for less complex cases. The role holder completes assigned monitoring activities including name screening client and transaction monitoring.

Impact on the Business

  • Monitor activities of assigned area(s) to ensure compliance with applicable internal policies and procedures and external regulations. Name screening clients, transaction monitoring using World Check and other relevant systems.
  • Monitoring activities of FCC Operations staff which include Client Name Screening and Transaction Monitoring using relevant systems.
  • Maintenance of multiple analyses at any one time, often under considerable deadline pressure due to transactional requirements across HSBC business lines
  • Review and analyze compliance monitoring reports and other related source documents for suspicious/unusual patterns of activity. Follow-up with responsible area for explanations and discussions for appropriate action.
  • Participate where required in conducting reviews
  • Ensure due diligence reviews are undertaken to the required quality and detail on a timely basis

Customers / Stakeholders

  • Support the Sr Mgr FCC Operations and the regional Head of FCC & RC Operations in management of FCC related risks.
  • Supporting regional AML and other FCC teams.
  • Remain up to date with key business developments and regulatory and industry practices

Leadership & Teamwork

  • Participate in special compliance reviews, projects and training efforts, as required.
  • Provide support to assigned areas on compliance-related issues, including documentation and form review for compliance with applicable regulations.
  • Participate as a team player and able to work across teams as a contributor
  • Contribute to the successful delivery of quality control
  • Support the aims of the team and team manager
  • Delivery of high standards of client service, at the same time ensuring that all internal (e.g. Risk) and external (e.g. Compliance) standards requirements are met in full, utilizing a combination of onshore and offshore resource managed as a single global team.
  • Provide cover for other Analysts
  • Ensure that issues are escalated to Management where appropriate
  • Complete other responsibilities, as assigned.
  • Promote an environment that supports diversity and reflects the HSBC brand.

Operational Effectiveness & Control

  • Review and analyze compliance monitoring reports and other related source documents for suspicious/unusual patterns of activity. Follow-up with responsible area for explanations and discussions for appropriate action.
  • To discharge the accountabilities set out in the Compliance FIM by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators.
  • Undertake and complete training assigned to improve FCC Operation effectiveness
  • Ensure that all employees are aware of and effectively identify and manage applicable money laundering (ML), terrorist financing (TF), sanctions and reputational risks.
  • Complete other responsibilities, as assigned.

Major Challenges

  • Deliver requirements of a wide range of stakeholders
  • High volume of work needed to be performed and completed within demanding time constraints and deadlines
  • Understand and respond appropriately to local differences maintaining trusted relationships whilst delivering the Group's wider strategic objectives
  • Maintain and enhance standards of Compliance in a rapidly growing and diversifying business.
  • Fostering and maintaining an attitude of 'can do' within the Compliance FCC Operations Team.

Role Context

  • Demonstrate clear understanding of Compliance disciplines.
  • Where necessary, escalation of AML as well as FCC-related issues is required to Senior FCC managers.
  • The jobholder is expected to deliver a high performance and take decisions based on knowledge and experience.
  • Provide highly professional, competent and skilled service to the FCC function.
  • The jobholder is required to think proactively use initiative in finding solutions to problems.
  • The post holder is required to help support the development of a compliance culture across the Group

Management of Risk

  • Ensure compliance of both general and anti-money laundering and anti-terrorist financing (AML/ATF) compliance controls as well as operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Be aware of the Operational Risk, primarily Business Regulatory Risk, associated with the business. Conduct monitoring in accordance with the Principal Accountabilities set out above.
  • Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues.
  • Promote an environment that supports diversity and reflects the HSBC brand.

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.
  • Assist in the discharge of accountabilities set out in the Compliance FIM by proactively assisting Compliance in their responsibilities to assist management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators

Qualifications

  • Bachelor degree preferred or equivalent experience. Association of Certified Anti-Money Laundering Specialists (ACAM) accreditation certificate an asset.
  • 1-3 years proven audit, compliance, financial services, operations and/or regulatory experience, or equivalent.
  • Familiar with the following programs World Check, SCION, Client Connect
  • Ability to remain effective under pressure, provide assessment and sound judgment
  • Position requires a general understanding of Compliance, Financial Crime Compliance, Regulatory Compliance, AML, and Due Diligence
  • Good interpersonal, organizational, communications, analytical skills.
  • Understanding and knowledge of HSBC's activities, products, processes and systems would be preferred.
  • Ability to adapt to changing work and demands
  • Working within demanding timelines
  • Professional conduct
  • Ability to work independently within assigned authority
How to Apply