Role Purpose Review and investigatesystematic Anti-Money-Laundering (AML) alerts generated from the AML transaction monitoring system to determine if transactions occurring are valid Anti-
Money Laundering risks. Perform research taking into account various FCC risk factors and indicators to determine if the alert / case needs to be escalated. Impact on the Business
Conduct initial analysis of customer transactions using internal / external research tools in order to asses and determine if financial crime risks can be identified which require further investigation or escalation.
Identification of unusual transactions, non-compliant activity or increased compliance risk.
Accurately document rationale and evidence for case closure or escalation as appropriate.
Undertake prompt closure of eligible alerts not deemed as unusual or in line with clients’ profile.
Determine if additional enquiries are required and escalate as appropriate for non / low quality responses.
Preparation of customer transaction analysis summaries on request.
Undertake sanctions and adverse information screening.
Ensure that investigations undertaken adhere to the HSBC’s Global Standards, Policies and Procedures.
Process requests from other departments as required.
To assist the Head of Financial Crime Compliance Operations on special projects. Customers / Stakeholders
Assist the AML Advisory, On-Boarding team, On-going Review team, Sanctions and Investigation team.
Engage with Relationship Manager or other teams / departments for additional information. Leadership & Teamwork
Assist the Head of Financial Crime Compliance Operations to ensure adequate cover within the AML Transaction Monitoring team to meet the demands of core functions (investigations, Front Office engagement etc.).
To promote a collaborative working environment, facilitating the sharing of ideas and knowledge to improve the Team’s level of understanding.
To acknowledge the needs of the Team and to assist other team members where they are dealing with a high profile, or urgent investigations.
Operational Effectiveness & Control
To avoid alert backlogs.
To remain up to date with HSBC’s prevailing standards and Swiss regulatory changes to ensure that an analysis is focused and addresses any regulartory concerns.
Major Challenges To execute due judgment in considering and assessing negative information pertaining to any party relating to the investigation or the client and the potential impact on PBRS, should the account be retained with PBRS.
Being mindful of not only potential regulatory breaches, but also damage to the reputation of the Bank. Role Context As a Transaction Monitoring Compliance Officer, it is anticipated that the nature and scope of transaction monitoring will be predicated upon the information discovered during theanalysis.
In consequence, it is expected that the Officer will possess sufficient knowledge and experiential skills to decide the extent and parameters of his analysis with minimal supervision.
Management of Risk The Transaction Monitoring team play a central role in helping to ensure that those clients whose activities present a risk to the Bank’s ability to comply with regulations are detected and escalated accordingly.
To this end any analysis should be undertaken independently and objectively, without fear or favour, and with a view to promoting HSBC ideals and values.
Observation of Internal Controls
Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators.
Role Dimensions The specific role of Transaction Monitoring Compliance Officer contains no budgetry control element or any fiscal targets.
The core driver is identification and report of unusual transactions, non-compliant activity or increased financial crime compliance risks.
Degree level Preferrably in Law, Banking or Business Administration
Awareness of Swiss rules and guidelines, as well as applicable foreign laws
Understanding of Private Banking activity, including comprehension of Securities, Trust Structures, Corporate Structures
Analytical, well-informed and creative approach to problem-solving ability to work independently and to the highest level of accuracy and accountability
Computer and IT systems literate, good communication and writing skills
Ability to work under stress and time pressurea
Self-assertion, good communication skills and interaction with the Front Office
Fluent in English (both written and spoken) is a prerequisite, German / French and every additional language is a plus
2 years practical experience in Compliance, Banking, Audit or other Regulatory or Risk Functions related work. Knowledge :
Further, training and understanding of forensic report writing, either in Banking environment or similar organisation would be preferred. General :
Able to work independently as well as in a team
Ability to work under stress and take responsibilities Certification :
Internal certification requirementsare applicable to the Transaction Monitoring Compliance Officer role.
We are an equal opportunity employer and are committed to creating a diverse environment.
Within HSBC certain roles are designated as Enhanced Vetting Roles. For these roles, all internal and external applicants are required (subject to local laws), to pass satisfactorily a series of additional checks both as part of the application process and, if successfully recruited into the Enhanced Vetting role, on an on-
going basis. The Group reserves its position with regard to any steps which it may take in relation to any material adverse findings which arise either when the checks are first carried out as part of this recruitment exercise, and / or if relevant, on an ongoing basis.