Job description

Some careers open more doors than others.
If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. 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.
Global Risk is a thriving and expert risk management function supporting HSBC globally with all aspects of risk management. The team actively manages a varied and dynamic range of risk types, including security, fraud, information security, operational, credit, pension, insurance, compliance, regulatory, market, reputation and geopolitical risks. All parts of the Global Risk team use their skills, insight and integrity to handle established threats and those they see emerging, acting to protect and enable HSBC to deliver sustainable growth.
We are currently seeking an experienced professional to join our team in the role of Head of Financial Crime, Commercial Banking and Global Banking and Markets, Malaysia.
Role Purpose
The Risk & Compliance function is a Second line of defence (LOD) function, responsible for reviewing and challenging the activities of the Group’s businesses (also referred to as “the First LOD”) to ensure that they effectively manage as “Risk Owners” the risks inherent in or arising from the conduct of their activities and for which they are responsible. The Second LOD consists of 'Risk Stewards' who are independent of the commercial risk-taking activities undertaken by the First LOD. The Risk & Compliance function is a Risk Steward for a number of risks in accordance with HSBC Group’s risk framework.
The Head of Financial Crime, Commercial Banking and Global Banking and Markets for Malaysia is the senior accountable executive responsible for ensuring that HSBC’s operations in Malaysia are effective in identifying, managing and mitigating Financial Crime risks and ensure timely advice is provided to the business.
Principal Responsibilities

• Primarily to support the Head of Financial Crime, to maintain an effective control framework and to ensure compliance with all relevant external laws & regulations, internal codes and policies and good market practices. With primary focus on Commercial Banking and Global Banking and Markets area.
• Articulate the Financial Crime risks for Malaysia.
• Provide advisory services to Commercial Banking and Global Banking and Markets business in order to ensure clear understanding of financial crime risk exposure with respect to clients, transactions and products.
• Manage the relationship with relevant regulators on behalf of Malaysia.
• Be responsible for second line governance of Financial Crime risks exposures, providing analysis, reporting and governance to Malaysia that is independent of the first line of defence, thereby maintaining an objective assessment of risk exposure.
• To exercise risk steward challenge, act as independent trusted advisory in governance forums, issue management, fostering a compliance culture and optimizing relations with risk owners and control owners.
• Assist the senior management of Malaysia, the leadership of the Compliance function, and other colleagues on all material financial crime risk related matters.
• Represents the Risk & Compliance agenda up to the highest levels of the Group’s governance, including being an attendee (as required) at the Malaysia Board (and related sub-committees) to report on progress and issues in relation to the operational effectiveness of HSBC’s policies, processes, systems and controls in countering Financial Crime risks.
• Be a leader of the Malaysia Risk & Compliance team, establishing guiding principles and strategic operational objectives, owning budgeting and managing costs, headcount and resources to ensure that the teams are fit for purpose and that the delivery of its critical services to the Group is both effective and cost-efficient.

Requirements

• Significant experience as a regulator, or a senior compliance manager across all areas of Financial Crime within a global firm, in the financial services industry.
• Detailed and extensive knowledge of the HSBC Group structure, its business and personnel, and HSBC’s corporate culture.
• Thorough understanding of Commercial Banking and Global Banking and Markets business with practical knowledge of broad range of Commercial Banking and Global Banking and Markets products and services.
• Significant leadership experience and an experienced strategic thinker.
• Excellent communication and inter-personal skills, with experience of dealing with executives at all levels.
• Ability to develop practical, cost effective solutions to complex issues.
• A legal or formal accountancy qualification or professional background in a relevant risk or audit discipline.

Due to local laws and governance, candidates with immediate right to work locally and no relocation need will be prioritised.
Opening up a world of opportunity.
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Issued by HSBC Bank Malaysia Berhad