Senior Manager, Financial Crime Sanctions

Senior Manager, Financial Crime Sanctions

Being part of HSBC in Switzerland, you’ll help evolve and grow our business.

The role holder is required to work with material autonomy, dealing with significant issues for which there is no clear-cut solution, but to ensure that substantial sanctions related topics or issues are escalated and reported to the CCO and other management as required. It is also expected that a close working relationship is maintained with the Group or Regional Sanctions teams to ensure PBRS and its parent company are kept apprised of any material changes.

Are you interested? Do you have a strong understanding of UK/EU/UN/US sanctions? Do you enjoy to be part of a cohesive team?

If you answered yes to any of these questions, we want to hear from you!

• Implement and drive communications for standards, systems and policies in relation to sanctions including client and transaction screening
• Support and facilitate strategic coordination and implementation of an effective Sanctions controls framework.
• Ensure that PBRS’ exposure to regulatory and reputational risks for sanctions related issues is managed in a commercially sensitive, practical and cost-effective manner.
• Supporting and partnering the business on CDD process with regards to sanctions, including the SEQ/CSRA process and obtaining required information from clients to assess sanctions exposure.

• Accountable for ensuring that PBRS does not breach any trade, economic and financial sanctions as implemented by, inter alia, the USA, UN, EU, UK and Switzerland, and that any risk of a possible breach is mitigated.
• Act as leading advisor, which includes advising the business on a broad range of sanctions issues including client sanctions exposure (through HSBC’s CDD process), permissibility of transactions, HSBC’s sanctions policy and industry-specific issues.
• To monitor key regulatory and Group Standard changes pertaining to Sanction matters and to proactively communicate to the FLOD and SLOD, et al, in order to ensure implementation of changes as necessary to ensure compliance with developments.
• To collate and report information regarding PBRS’ exposure to and follow-up of sanctions issues and record any potential breaches of sanctions from across PBRS, as part of regular reporting or on an adhoc basis.
• Act as point of contact within Compliance for PBRS employees in relation to sanctions risk, including contact with Swiss regulators (SECO) where required.
• Construct and present training material for sanctions related topics to both FLOD and SLOD.
• Provide advice to business and Compliance on risk associated with prospective business, products and service and design mitigation controls and implement strategies as appropriate and make informed decision in accordance with the core principles of HSBC’s Financial Crime Risk Appetite
• Closely coordinate with GBP FC and Regional Sanctions that IT tools and processes are fit-for-purpose and working with Financial Crime Investigations on live sanctions investigations
• Support team engagement with assurance and audit, helping co‑ordinate responses to information requests.

• Strong understanding of UK/EU/UN/US sanctions is essential.
• Experience dealing with regulatory reporting and high‑risk exposures via clients
• Significant experience in the financial services industry, knowledge of Private Banking is a plus
• Lateral thinker with an ability to interpret and solve complex issues.
• Strong communicator with solid inter‑personal and influencing skills.
• Experience of dealing with regulatory matters and confident in interacting with Regulators.
• Ability to work under pressure and within tight timelines
• Strong IT skills necessary, including Microsoft Ex Cel
• Excellent verbal and written communication skills
• Knowledge of one of the Swiss official language a plus (French, Italian, German)
• Due to immigration restrictions in Switzerland we will only be able to consider applications from Swiss or EU citizens or from candidates holding a valid Swiss work permit.

Even if you feel you do not meet 100% of our qualifications, we encourage you to apply, if you believe…