Assistant Vice President, Enhanced Due Diligence

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We are currently looking for a client focused and diligent person to join our team in the role of Assistant Vice President, Enhanced Due Diligence.

This is a client facing role to lead completion of Enhanced Due Diligence (EDD) calls and/or visit for Correspondent Banks (CBs) and Fintechs including Money Service Businesses, Third Party Payment Providers and Digital Asset Currencies/ Cryptocurrencies.

The EDD team produce comprehensive written reports assessing the profile of the customer from a financial crime risk perspective. In addition, the EDD team is expected to provide advice and support to internal stakeholders as needed. The role requires a deep understanding of client due diligence/AML requirements, regulatory framework and HSBC internal policy & procedures relating to these client types. The purpose of the EDD reviews is to identify, assess and mitigate the risks associated with clients who pose a higher risk of financial crime.

The EDD team works in close collaboration with the client coverage teams (Relationship Mangers and Global Relationship Bankers) across Corporate & Institutional Banking (CIB), Business Financial Crime Risk (BFCR), Financial Crime Compliance (FCC), Client Lifecycle Management (CLM), Product Teams and other stakeholders taking a lead role in completion of an EDD report (aligned with CDD profile) to ensure that we have an appropriate fully comprehensive documented evaluation of our highest risk entities.

In this role you will:

• Proactively lead and perform EDD on CBs and Fintechs and make appropriate decisions and recommendations in line with relevant risk appetite statement
• Lead client interactions, conduct EDD site visit and/or call and regular follow up with clients and RM/GRB to understand, challenge, and document risks and issues as identified
• Identify transactional risk such as nesting and high-risk industries exposure through the analysis of the payment activity processed via the accounts the client holds with HSBC
• Draft detailed comprehensive written EDD Reports presenting the risk assessment of the client
• Provide support & guidance to other members of the EDD team, RM/GRB’s, Client Servicing and other internal stakeholders
• Assess and promptly escalate risk concerns identified through the EDD process
• Analyse financial intelligence reports/data including transactional analysis as part of the EDD
• Manage and own book of work understanding business and regulatory driven priorities
• Respond to queries and assist with audit or remediation activity as needed

To be successful in this role you should have:

• Knowledge and experience of Enhanced Due Diligence or similar
• Experience working with financial crime with good knowledge and understanding of financial crime risks within correspondent banking, Money Services Business, Third Party Payment Processors, Digital Asset Currencies and payments
• A passion for delivering outstanding customer service with experience of working in a client focused role
• Strong written and verbal communication skills with the ability to write accurate reports and present complex information in a clear, concise and accurate way
• The ability to manage multiple priorities and meeting tight deadlines within a dynamic and fast paced environment
• Industry qualification (CAMS/ICA) or willingness to study and obtain relevant certification would be advantageous
• Demonstrable understanding of foundational Anti-Money Laundering /Counter Terrorism Financing knowledge and strong Anti-Bribery & Corruption and/or sanctions control experience from within a large banking organisation, or from a background in consulting, risk management
• Experience with reading and understanding large data sets including transactions/transactional data
• Willingness to challenge, use judgment and ask the right questions

This is a hybrid role based in London.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you’d like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk:

Email: [email protected]

Telephone: +44 207 832 8500