Financial Crime Manager Saudi Nationals Only

About HSBC Saudi Arabia

HSBC Saudi Arabia provides investment banking services to a diverse range of corporate and institutional clients. This includes public and private companies, funds, government agencies, and family businesses. The firm is committed to delivering comprehensive financial solutions across various sectors.

The Role: Financial Crime Manager

HSBC Saudi Arabia is seeking a Financial Crime Manager to join its team. This full-time role is open exclusively to Saudi Nationals and requires 2-5 years of relevant experience. The manager will be instrumental in supporting and directing financial crime compliance across all business lines, with a particular focus on KYC and Customer Due Diligence requests.

Key Responsibilities

• Provide support and direction on Financial Crime Compliance, especially regarding KYC and Customer Due Diligence.
• Review new or amended laws, rules, regulations, and HBSA policies, assessing their applicability and guiding business areas to ensure compliance.
• Communicate with CMA and other regulatory authorities, resolving queries and issues as needed.
• Assist in audit committees and support remediation efforts for financial crime gaps identified during reviews.
• Ensure the implementation of an effective Compliance training program within HSBC SA.
• Make recommendations for the onboarding and retention of high-risk rated customers.
• Review the quality and completeness of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) information.
• Escalate negative hits, sanctions exposure, or AML exposure to the Risk Reputational Client Selection Committee.
• Support efforts to proactively improve KYC processes for sanctions compliance.
• Assist the Financial Crime function in implementing an effective framework and controls to protect the bank.
• Conduct effective and timely investigations into assigned cases, adhering to reporting requirements and service level agreements.
• Manage Oracle Watchlist Screening (OWS) referrals and Transaction Monitoring System (SAS) alerts, escalating high-risk issues.
• Support daily trade and communications surveillance, as well as transaction monitoring across business lines.
• Assess and test the adequacy of controls within the Covered Business.
• Update the Watchlist immediately and conduct all required investigations.

Qualifications and Experience

• 2-5 years of experience in a relevant financial crime or compliance role.
• Demonstrated understanding of AML, Sanctions, AB&C, Tax Evasion, Internal and External Fraud, and Market Surveillance.
• Proficiency in reviewing and interpreting regulatory requirements and internal policies.
• Ability to conduct thorough investigations and produce high-quality investigative narratives.
• Experience in managing and escalating financial crime risks.

Required Skills

• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities for interacting with regulators and internal stakeholders.
• Attention to detail and accuracy in reviewing customer records and reports.
• Ability to work effectively within a team and provide support when needed.
• Proficiency in using group systems and managing risk controls.

Application Process

Candidates who meet the qualifications and are Saudi Nationals are encouraged to apply for this full-time position. The role offers an opportunity to contribute to HSBC's financial crime prevention efforts.