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 to not only 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. Targeted remit and responsibilities include, but are not limited to:
* conceiving, developing, testing, and validating models to improve the management of financial crime risk.
* identifying emerging risks and issues through the use of the models.
* ensuring that the models developed within the function continue to be optimized and operate within the risk appetite expectations.
* providing 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.
* following up on internal and external findings within risk appetite (internal observations, msii, imr, assurance, audit, external regulators).
* conducting well-written documents and reports (e.g., structure, language, clarity, precision, and articulation of observations) to ensure value is added to business communication.
* designing and implementing new internal processes to allow team efficiencies in business-as-usual activities, identifying areas of innovation in model development.
* liaising with other global development teams to ensure consistency across hsbc subsidiaries.
the nature of the role requires an intermediate to advanced mathematical and programming background oriented to data analysis.
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