Role purpose

Financial Crime Detection (FCD) focuses on the analysis of specific financial crime threats the firm faces now and, in the future, pioneering the techniques and technology that protect our business, our customers, and the many communities in which we operate from the harms associated with financial crime. It harnesses intelligence, analytics, technology, investigation, information sharing, and public-private partnership to achieve this end, always seeking the most effective and efficient means. The team is involved in providing best-in-class analytical solutions to the Financial Crime function used across Latin America lines of businesses and countries which are adhered not only to a number of internal frameworks, policies and controls but also governed by local regulations; therefore, the function is also partnering with other areas in Compliance to build the case for a more efficient and effective regulatory approach by defining a potential new regulatory landscape based on practical, tested innovation and serving as a thought leader in the ongoing public debate on the future of regulatory compliance.

Main activities

The role holder is accountable for leading the development and monitoring of FC analytical models aimed at mitigating the harms associated with financial crime. In this role. Targeted remit and responsibilities include, but not limited to:

Conceiving, development, testing, and validation of models to improve the management of financial crime risk.Identify emerging risk and issues through the use of the models.Ensuring that the models developed within the function continues to be optimised and operating within the risk appetite expectations.Provide model users, senior management, audit regulators with confidence that the models and tools developed, maintained, and used within the function are compliant with internal and regulatory expectations and fit for the intended purpose.Follow up of internal and external findings within risk appetite (Internal Observations, MSII, IMR, Assurance, Audit, External Regulators).Conduct a well written documents and reports (e.g., structure, language, clarity, precision, and articulation of observations) to ensure an add value to the business communication.Desing and implementation of new internal processes to allow team efficiencies in business-as-usual activities, identifying areas of innovation in model development.Liaison with other Global development teams to ensure consistency across HSBC subsidiaries.The nature of the role requires intermediate - advance mathematical and programming background oriented to data analysis.