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 within both the private and government sectors. This includes public companies, private companies and establishments, funds, government agencies, and family businesses and offices.

The Role: Financial Crime Manager (Saudi Nationals Only)

HSBC is seeking a Financial Crime Manager to join its team in Al Dar Al Baida District, Riyadh. This full-time role requires 2-5 years of experience and focuses on supporting and directing Financial Crime Compliance across all HBSA business lines, with a particular emphasis on KYC and Customer Due Diligence. The manager will contribute to implementing an effective Financial Crime framework and controls to protect the bank from potential losses.

Key Responsibilities

• Provide support and direction on Financial Crime Compliance for all HBSA Business lines, particularly regarding KYC and Customer Due Diligence requests.
• Review new or amended laws, rules, regulations, and HBSA policies, assessing their applicability and guiding business areas to ensure compliance.
• Communicate with the CMA and other regulatory authorities, resolving queries or issues as required.
• Assist in audit committees and support remediation efforts to address Financial Crime gaps identified during assurance and regulatory reviews.
• Ensure the implementation of an effective Compliance training program within HSBC SA.
• Make recommendations for the onboarding of new and retention of existing high-risk rated customers.
• Review the quality and completeness of Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) information in accordance with AML Policy and Line of Business Procedures.
• Escalate negative hits, Sanctions exposure, or AML exposure to the Risk Reputational Client Selection Committee for approval.
• Support efforts to proactively drive KYC improvements for sanctions compliance.
• Conduct effective and timely investigations into assigned cases, adhering to standard reporting requirements and service level agreements.
• Manage Oracle Watchlist Screening (OWS) referrals and Transaction Monitoring System (SAS) alerts, escalating high-risk issues.
• Update Financial Crime packs for local and regional committees and manage all Financial Crime risk controls in Helios.
• Support and oversee daily trade and communications surveillance, as well as transaction monitoring across covered business lines.

Stakeholder Engagement

• Interact with HSBC SA Senior Management for escalating compliance-related issues and requests.
• Coordinate with all departments and businesses to develop action plans and responses to regulatory authorities.
• Network with Regulatory Authorities to maintain relationships, resolve compliance concerns, and stay informed of new developments.

Required Experience and Skills

• 2-5 years of relevant experience.
• Demonstrated ability to manage conflicting priorities effectively and meet challenging deadlines.
• A team player with a focus on delivery and continuous improvement.
• Ability to assess business needs and apply regulatory knowledge when providing advice.

Work Type

This is a full-time position based in Riyadh, Saudi Arabia.