Business Money Laundering Control Manager (BMLCM)

Business Money Laundering Control Manager (BMLCM) – 24514

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Business Money Laundering Control Manager (BMLCM) and Risk for RBWM Branch Network role requires proactive assistance to the management in identifying and containing money laundering & Sanctions risk; reporting of suspicions, monitoring procedures and controls; ensure continued support to frontline to enable a safer business growth; fostering compliance culture and optimizing relations with the anti-money laundering authorities.

Duties & Responsibilities:

• To oversee & manage Quarterly AML & Sanctions Trainings along with ad hoc training for xxx Branch staff.
• To plan, direct and control risk-related activities with a view to enhancing and improving customer experience delivered in customer facing roles and to provide effective backup and administrative support to frontline staff.
• To maintain and manage the existing Special Category customers (SCC) and oversee the timely completion of newly identified SCCs.
• Operational effectiveness of Alert Management and to ensure a timely response on all Sanction related queries.
• Manage all Compliance related queries and escalations from internal stakeholders and frontline staff.
• Act as a point of contact for issues related to FC-UARs/RFI/Other Alerts within the business unit
• AML Recommendations contained in Internal and External audit reports.
• All Compliance and ML related circulars from UAE Central Bank, FCC and Group Head Office.
• By ensuring submission of all returns including AML & Sanctions related recommendations in a timely manner back to FCC.
• Actively participate in streamlining processes & business optimization plans
• Manage Quarterly training for Branch and Customer Service Unit staff along with ad hoc training based on requirements and maintain signed attendance sheets and maintain a file for review by Audit/ Regulators.
• Ensure that all escalated name screening alerts pertaining level 3 due diligence are reviewed and responded within SLA with agreed comments for identification or discounting.
• Ensure all RACE are closed within the agreed SLA.
• The jobholder must be able to convey the right message to staff & other stake holders on FCR concerns identified during file reviews & coach staff & his team.
• Leading from the front and developing a strong sense of ‘team’ are additional challenges.
• Managing Customer Experience while adhering to the above duties.

Experience & Qualifications:

• Graduation degree is REQUIRED– to secure a UAE Visa and Work Permit
• 2 -3 years of relevant experience
• Strong proficiency in MS Excel
• Excellence written and verbal communication skills
• Good understanding of KYC Requirements and processes
• Background in Financial crime would be an added advantage
• Working knowledge of AML and Sanction frameworks

For further details and application information please visit our careers site, searching under reference number.

We support our staff to adopt flexible and alternative ways of working where possible, including working from home and different hours subject to approvals.

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hong Kong and Shanghai Banking Corporation Limited