*Some careers open more doors than others.** If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further. **Business Descriptor:** **VP – Financial Crime Control (FCC) \| GCB 5 \| IWPB \| HIBU – GIFT City** --------------------------------------------------------------------------- Location: GIFT City, Gandhinagar, Gujarat ### **Job purpose** Support IWPB in HIBU GIFT City (covering **Wealth, Transaction Banking and Lending**) by providing second line of defence FCC oversight, challenge and advisory. The role helps ensure the business operates in line with the **HSBC Global Financial Crime Risk Management (FCRM) Framework**, applicable **Group Standards**, and local regulatory requirements (including IFSCA expectations, as applicable), while enabling sustainable growth and protecting customers and the bank. **Principal responsibilities** ------------------------------ ### **Financial crime governance and oversight (2LoD)** * Provide FCC oversight and credible challenges to IWPB activities, ensuring financial crime risks are identified, assessed, mitigated and reported. * Support local FCC governance (committees/forums), including agenda inputs, papers, minutes/actions, and timely escalation of material risks, breaches and emerging issues. * Promote a strong risk culture and consistent application of HSBC risk appetite and customer acceptance standards. * Work closely with FC Risk Steward in proactive identification of issues and take steps to address them. * Carry out read across on the audit findings in other markets ### **Customer risk management (CDD/EDD) – onboarding and lifecycle** * Provide guidance and challenge on customer risk rating, due diligence approach, and EDD triggers for higher\-risk customers (e.g., complex ownership, PEPs, high\-risk jurisdictions, intermediaries). * Guide business in reviewing and revising the Operating procedures of onboarding and periodic review. * Review and opine on higher\-risk relationships and exceptions in line with delegated authorities and escalation pathways. * Drive quality and consistency across onboarding, periodic reviews and event\-driven reviews, ensuring clear rationale and robust audit trails. ### **Product and proposition advisory (Wealth, Transaction Banking, Lending)** * Act as FCC advisory for IWPB products and services, ensuring controls are embedded “by design” across: Wealth: investment flows, portfolio funding/withdrawals, third\-party payments, complex structures Transaction banking: payments, trade\-related flows where applicable, channel risk Lending: purpose of borrowing, source of repayment, collateral\-related risks, misuse typologies * Support new product approvals, change initiatives, and process re\-engineering by assessing inherent risk, control design and residual risk; document FCC requirements and sign\-offs as required. ### **Sanctions and screening risk management** * Provide oversight and challenge of customer and payment screening controls, including escalation of potential matches, control weaknesses and data quality issues. * Support sanctions risk assessments and ensure alignment with HSBC Group Standards and applicable legal/regulatory requirements. ### **Transaction monitoring, investigations and suspicious activity governance** * Oversee and challenge the effectiveness of transaction monitoring coverage for IWPB activity (wealth flows, payments, lending\-related movements), including typology alignment and scenario coverage. * Review themes from investigations/case outcomes to identify control gaps, training needs and opportunities for tuning/optimisation. * Support governance around suspicious activity escalation and regulatory reporting processes (e.g., STR/SAR decisioning), in line with local requirements and HSBC standards. * Be single point of contact for FC related matters ### **Risk assessment, control testing and issue remediation** * Support periodic financial crime risk assessments for IWPB (customer segments, products, channels and geographies). * Challenge the design and operating effectiveness of key FC controls through thematic reviews/quality assurance activity (as applicable). * Drive remediation of issues to closure, ensuring actions are timely, evidenced and sustainable; validate fixes and track residual risk. ### **MI, reporting and insights** * Produce/review FC MI for IWPB leadership and governance forums (KRIs, breaches, backlogs, EDD volumes, screening/TM performance, thematic findings). * Ensure the Key Control Indicators are managed well within thte risk appetite of the Bank * Provide forward\-looking insights on emerging risks and typologies relevant to IWPB and cross\-border activity in GIFT City. ### **Stakeholder management, audit and regulatory support** * Build strong partnerships with IWPB, Operations, Client Onboarding/KYC, Compliance, Risk, Legal, Technology and Group/Regional FCC. * Support responses to internal/external audits and regulatory examinations; ensure timely, accurate and well\-evidenced submissions. * Contribute to training and awareness for front office and operations teams (red flags, escalation routes, “how we do things” under HSBC standards). **Key stakeholders** -------------------- * IWPB Business Heads, Relationship Management, Product (Wealth / Transaction Banking / Lending) * Client Onboarding/KYC, Operations, Investigations/Case Management teams * Country/Regional FCC and Group FCC * Risk (including Operational Risk), Legal, Compliance Advisory * Technology/Change, Data \& Analytics * Internal Audit and regulators (via appropriate governance) **Role context and decision\-making** ------------------------------------- * Operates as a second line of defense FC role providing oversight, challenge and advisory. * Makes recommendations and escalations in line with delegated authorities; supports risk\-based decisioning on higher\-risk customers, product changes and control remediation. * Expected to exercise sound judgement, document decisions clearly, and escalate early where risk is outside appetite or controls are ineffective. **Knowledge, experience and qualifications** -------------------------------------------- ### **Essential** * Strong experience in FCC/AML within banking/financial services, with coverage across Wealth and/or Transaction Banking and/or Lending (combined coverage preferred). * Working knowledge of AML/CTF, sanctions, CDD/EDD, screening, transaction monitoring, investigations and governance. * Proven ability to influence stakeholders, provide effective challenge, and drive issues to closure. * Strong analytical skills and clear written communication (committee papers, risk assessments, MI commentary). ### **Desirable** * Experience in IWPB/wealth propositions and cross\-border client risk. * Familiarity with GIFT City / IFSCA environment and operating model considerations. * Professional qualifications such as ICA/ACAMS (or equivalent). **Risk and control responsibilities** ------------------------------------- * Demonstrates strong risk awareness and supports effective management of FCC risks in line with the HSBC FCRM Framework, Group Standards and local regulatory requirements. * Ensures timely escalation of material risks/issues and maintains robust documentation and audit trails. * Supports a speak\-up culture and continuous improvement mindset. **HSBC Values** --------------- **We Value Difference \| We Succeed Together \| We Take Responsibility \| We Get It Done** **Pro\-tip :**…