AML Investigations Team Leader
HSBC - New Castle, DE

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This role is responsible for managing and leading a team of senior and junior investigators and support staff regarding complex and sensitive investigations involving money laundering and terrorist financing. The team in responsible for collecting, evaluating, and disseminating information and evidence related to known or suspected money laundering and terrorist financing activities.based on the AML Compliance Office policies and procedures. This role will recommend and/or, where delegated, take decisions on filing suspicious activity reports regarding potential suspicious activity and terrorist financing activity.

Impact on the Business

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Monitor the quality, level and type of interface between each member of the Investigation team and their law enforcement counterparts to ensure that information is properly obtained in a manner which can be effectively utilized

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Effectively manage and coordinate the workflow of the investigative process of the team

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Identify problem areas in the workflow process and develop efficient remedies and manage the workload of each investigator

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Should interview customers, relationship managers and business partners in establishing factual resolution of investigative cases related to known or suspected money laundering or terrorist financing

Customers / Stakeholders

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The role will maintain relationships with internal stakeholders in the AML Compliance Office and other areas to help ensure research technique and capabilities perform at high levels

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Ensure that all members of the team are properly and regularly trained and maintain performance reviews for investigators and support staff

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The role will maintain external awareness of research trends, information, and techniques related to money laundering, including knowledge of banking laws and regulations concerning money laundering, BSA and the Patriot Act, and will help ensure they are communicated to appropriate levels of the AML Compliance organization

Leadership & Teamwork

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Manage and oversee the activities of both new and experienced investigators as needs are identified and provide expertise and support to the AML Compliance organization on research techniques, capabilities and systems and act as a coach to more junior team members reinforcing and advancing their skills and techniques

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Provide direct oversight on investigative case qualityWork closely with Quality Assurance areas to ensure that the activities of each team conform to best practices

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Effectively communicates within AML Compliance re-enforcing knowledge on key information, policies and procedures is understood with all constituents both internal and external

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Maintain awareness of AML/BSA trends and other related industry practices helping ensure external knowledge and focus is not lost

Operational Effectiveness & Control

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Monitor activities within the AML Compliance Office to ensure compliance with applicable internal policies and procedures and external regulations

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Review and evaluate essential case elements to insure consistent and comprehensive investigations have been satisfactorily completed

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Review cases for accuracy, timeliness and content including performing quality assurance

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Participate in special AML Compliance reviews, projects and training efforts, as required

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Complete other related duties as assigned and support the Company’s Diversity programs

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To discharge the accountabilities set out in the Legal and Compliance FIM by pro-actively assisting management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators

Major Challenges

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Financial services compliance entails a high degree of regulatory compliance and reputational risk, particularly with respect to risks arising out of non-compliance with extensive and complex regulations. Failure to comply with these regulations would have significant negative effects on relations with regulators, the reputation of the Company with the public and may result in regulatory impediments to mergers and acquisitions and significant regulatory sanctions, including regulatory fines of material amounts

Management of Risk

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Ensure compliance, operational risk controls in accordance with HSBC or regulatory standards and policies; and optimize relations with regulators by addressing any issues

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Promote an environment that supports diversity and reflects the HSBC brand

Observation of Internal Controls

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Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators

Qualifications

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Minimum of four or equivalent experience performing investigations, international or domestic Correspondent Banking, International Cash Letter and Letters of Credit, preferably related to financial crime investigations

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Bachelor’s degree in business, finance, accounting, related field or equivalent experience

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Strong interpersonal, organizational, communications, analytical and project management skills

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Thorough knowledge of products, services, operations and systems and extensive dealing with laws, regulations and regulatory agencies related to assigned areas

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Proficiency with personal computers and pertinent mainframe systems and software packages

Job Field

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Legal & Compliance

Primary Location

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North America-United States-Delaware-New Castle

Schedule

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Full-time

Shift

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Day Job

Job Posting

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15-Nov-2012, 14:06:29

Unposting Date

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16-Dec-2012, 04:59:59

About this company
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HSBC Bank Canada is a banking and financial services company. It has three segments: Personal Financial Services, Commercial Banking and...