Financial Crime Officer

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  Location

  (SAUDI ARABIA) and Riyadh

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  Job Reference

  21135

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  Functional Area/Experience

  Business, Accounting & Finance / Fresh Graduate

Job Description & Qualifications

HSBC Saudi Arabia provides investment banking services to the full spectrum of corporate and institutional clients in both the private and government sectors, including public companies; private companies and establishments; funds; government agencies; and family businesses and offices.

Role Purpose:

The Job holder supports Senior Manager in meeting the regulatory obligations by providing an active support in the implementation of Sanctions policy, Anti Money Laundering (AML), Counter Terrorist Financing (CTF) in compliance with CMA Rules and regulations.

Working closely with the Manager, Brokerage, Asset Management, Investment Banking & HSS. In the execution of AML duties, the job holder must independently handle the tasks assigned to him/her and be able to take decisions on matters within their designated authority. The job holder must be able to independently analyze and critically evaluate the responses received without much supervision and escalate as appropriate.

Principal Accountabilities: Key activities and decision making areas:

Impact on the Business

• Providing support and direction on FC for HBSA Business lines in particular relating to KYC and Customer Due Diligence requests.
• Providing Compliance support and direction on the onboarding of designated high risk customers.
• Reviewing any new/amended material laws, rules and regulations and HBSA policies, assess their applicability to the business areas and guide the business accordingly ensuring all appropriate processes and procedures are amended to comply.
• Providing guidance and direction to Business Management and on the application and implementation of AML Compliance policies and procedures applicable to HBSA customers.
• Assisting Manager, in their responsibility for complying with all relevant Laws, Rules, Regulations and CMA policies related to FC.
• Support the team by providing back-up coverage for leave and vacation.
• Support efforts to proactively drive the KYC improvements to support sanctions compliance.
• Check the email requests and delegate the requests to the concern department.
• Provide support to the FC function for implementing an effective FC framework and controls in order to protect the bank from potential losses.
• Provide support on any FC related project as required.

Customers / Stakeholders

• Interact with HSBC SA Senior Management team for escalating compliance related issues/requests, if required.
• Interact with all Department/Business for developing action plans and responses to regulatory authorities
• Coordinate with CMA for responding or resolving any queries/issues.
• Network with the Regulatory Authorities to maintain relationships with the regulatory authorities, resolving any compliance related concerns and keep abreast of any new developments.

Experience / Qualifications:

• Bachelor’s degree in Law, Accountancy, Business Administration or any other relevant field from an accredited University
• Master’s Degree in Risk Management is preferred
• Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), or Certified Regulatory and Compliance Professional (CRCP) is advantageous.
• 0 - 3 years of relevant experience within a similar role
• Prior experience in Compliance and Risk Management in the banking/financial sector within is preferred
• Some understanding of the local CMA regulatory framework and regulations
• Good communication skills both oral and written
• Ability to manage conflicting priorities effectively and proven ability to meet challenging deadlines
• Team player who focuses on delivery and continuous improvement
• Ability to assess business needs and apply regulatory knowledge when providing advice