Senior Associate, EDD, FCRC; Secondment

Who is HSBC Innovation Banking? HSBC Innovation Banking is the power behind the UK’s forward‑thinkers, future‑makers, and leap‑takers, helping them ignite the bold ideas that reshape our world. We offer flexible banking solutions for start‑ups, scale‑ups, growth businesses, investors and those working towards IPO typically within the technology and life science sectors. Whether it’s comprehensive banking, managing cash‑flow, plans for buyouts or Strategic Fund Solutions, we power ideas at every stage of their journey.

From the first‑time founders to the funds that back them, and everything in between. We’re proud to accelerate growth for our clients, create meaningful connections and communities, and open a world of global opportunity for entrepreneurs and investors alike. Here’s to never standing still. Come and join us!

The HSBC Innovation Banking UK (HINV UK), Financial Crime Risk & Controls (FCRC) team is a First Line of Defence (FLOD) team responsible for identifying, investigating and monitoring relationships that pose a money laundering or terrorist financing risk in support of all legal and regulatory requirements relating to anti‑money laundering (AML) and counter terrorism financing. FCRC also has responsibility for reviewing and assessing Sanctions, Anti‑Bribery & Corruption (AB&C), Tax Transparency, Fraud and Reputational Risk considerations for both existing clients and new prospects.

The HINV UK Enhanced Due Diligence (EDD) team is a specialist team ring‑fenced within FCRC and focuses specifically on clients and prospects within the following categories:
Money Service Businesses (MSBs), Third Party Payment Processors (TPPPs), Crowdfunding, Gaming / Gambling and Digital Assets and Currencies (DACs).

Reviewing client relationships within the Fintech Portfolio, which includes Money Service Businesses (MSBs), Third Party Payment Processors (TPPPs) and Digital Assets and Currencies (DACs) to ensure they meet HSBC’s policies and procedures.

Completing Enhanced Due Diligence and generating an EDD report that outlines the business operations and risk profile of HINV’s MSB and TPPP clients as well as on emerging business models such as those involved in DACs. This involves managing the end‑to‑end workflow of EDD and from initiation to final approval.

Conduct an assessment of Actionable Intelligence alerts (associated with the Fintech portfolio) and compiling Reputational Risk Committee Papers (RRCSC) when required.

Supporting on the management of appropriate Fintech‑related governance such as local and Global Fintech Forum and MI generation.

Serving as an SME for Relationship Teams to aid in identification of prospects & existing clients and if they are within risk appetite.

Liaise with existing clients with confidence to ensure strict adherence to HINV policy, proactively following up with clients throughout the process within stated time frames.

Reviewing and responding to financial crime related queries from the FLOD including reputational risk considerations.

Supporting change in the right way and recommending enhancements to processes and procedures to ensure the firm remains compliant whilst aligning to a risk‑based approach.

Maintaining current industry awareness and demonstrating awareness and competence in relation to regulatory obligations.

Providing guidance and direction to FLOD colleagues to ensure they remain protected from financial crime risks and embedding an effective financial crime risk culture.

Assisting clients/prospects to ensure compliance with HSBC financial crime risk assessment requirements.

Working closely with HINV Financial Crime in the Second Line of Defence to seek advice on complex global financial crime matters and serving as the FLOD escalation point of contact for financial crimes activity for HSBC.

Good working knowledge of financial crime and/or fraud prevention within the UK regulatory environment.

Experience related to financial crime compliance risk management processes.

Experience in understanding complex business models and activities with preferential experience in…