Associate II, Financial Crime Risk & Controls; 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 cashflow, 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 Bank (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. The FCRC team also has responsibility for reviewing and assessing sanctions and reputational risk considerations for both existing clients and new prospects.

The role will report to a Manager within FCRC and the role itself will partner closely with HINV FLOD business and product areas, the HINV Client Lifecycle Management team in the UK and the HSBC UK Business Financial Crime Risk team. The role will also have a close working relationship with the Second Line of Defence (SLOD) HINV UK Financial Crime (UKFC) team and other SLOD HSBC Regional and Global Financial Crime Risk teams.

• Reviewing client relationships that meet HINV’s high risk business categories and geographies and performing reviews of existing clients and prospects.
• Serving as an SME for HINV Relationship Teams to aid in identification of prospects & existing clients that may have increased AML or sanctions risk due to business model or geographic location.
• Reviewing and responding to financial crime related queries from the FLOD including reputational risk considerations.
• Assist clients/prospects to ensure compliance with HINV’s high risk and sanctions requirements including internal scheduled and triggered refresh review escalations regarding client matters.
• Undertaking financial crime risk assessment including business and country of interest reviews and PEP and Adverse Media assessment following submission of approval requests.
• Working closely with FCRC colleagues who are responsible for review of Actionable Intelligence alerts and Account Activity Reviews.
• Escalation of issues in a timely manner for review and resolution in relation to financial crime including knowledge of SAR escalation.
• Building strong relationships through effective influencing and decision‑making skills.
• 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 HINV financial crime risk assessment requirements.
• Assisting with internal ongoing due diligence review escalations regarding client matters (including both financial crime and reputational risk considerations) and supporting the preparation of papers to Reputational Risk and Client Selection Committees where required.
• Working closely with UKFC to seek advice on complex global financial crime matters and serving as the FLOD escalation point of contact for financial crimes activity for HINV.

• Good knowledge of financial crime legislation including Anti‑Money Laundering, Counter Terrorist Financing…