Assistant Vice President, Derisking, Business Banking – Derisking

Job Description

AVP, Derisking, Business Banking | HSBC

The Tone:
This is a full-time role at Hang Seng Bank Limited, located in Hong Kong. Hang Seng’s Commercial Banking business provides comprehensive financial solutions to a diverse range of corporate customers, from small and medium-sized businesses to publicly listed companies, operating both locally and internationally. This role is crucial for ensuring the bank maintains robust risk management and regulatory compliance within its Business Banking operations, specifically by addressing financial crime risks through de-risking activities.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: In-person – Hong Kong

• Team: Commercial Banking – Business Banking, reporting to the Department Head
• Mission: To manage de-risking operations to assess financial crime risks, ensure regulatory compliance, and protect the Bank’s interest within Business Banking.

What You’ll Actually Do
• Operations: Manage the day-to-day operations of de-risking, performing research, assessing potential financial crime risks, and conducting customer contact in strict compliance with Know Your Customer regulations and policies.
• Compliance: Oversee the execution of compliance checking and assist in deploying governance procedures and standards to ensure effective risk management and regulatory compliance in Business Banking.
• Risk Management: Identify and monitor suspicious behavior, taking appropriate action in compliance with established policy and guidelines to protect the Bank’s interest.
• Strategy: Assist the Department Head in formulating and driving the implementation of various de-risking strategies specifically for Business Banking.
• Assurance: Ensure consistent compliance with all internal and external regulatory requirements applicable to de-risking activities.

The Must-Haves
• Background: University degree in Finance and Accounting, Finance, Economics, Banking, Business Management or a related discipline, with core domain knowledge in commercial banking and Know Your Customer (KYC) regulatory requirements for corporate customers.
• Experience: Proven years of working experience in the banking industry with a focus on commercial banking and a strong understanding of KYC regulatory requirements for corporate customers.
• Skills: Strong analytic, judgmental, and decision-making skills; excellent written and spoken communication skills; high level of customer centricity mindset; great sense of ownership and servicing mindset.
• Bonus: Professional qualifications such as Enhanced Competency Framework (ECF) and/or Certified Banker (CB) under Hong Kong Institute of Bankers (HKIB).