HSBC, short for Hong Kong and Shanghai Banking Corporation, stands as one of the world’s largest and most esteemed financial institutions. Established in 1865 to facilitate trade between Europe and Asia, HSBC has since expanded its reach to serve millions of customers in over 60 countries and territories. With a rich heritage spanning over a century and a half, HSBC has become synonymous with stability, reliability, and innovation in the banking sector.
Renowned for its global presence and comprehensive range of financial services, HSBC caters to the diverse needs of individuals, businesses, and institutions worldwide. Whether it’s retail banking, wealth management, commercial banking, or investment banking, HSBC offers tailored solutions designed to help clients achieve their financial goals.
Beyond its extensive array of services, HSBC is distinguished by its commitment to sustainability and corporate responsibility. As a leading advocate for environmental and social initiatives, HSBC actively contributes to the communities it serves while upholding the highest standards of ethical conduct and governance.
In an ever-evolving financial landscape, meanwhile, HSBC remains at the forefront, leveraging cutting-edge technology and a wealth of expertise to deliver unparalleled value to its customers. Moreover, with a steadfast dedication to excellence and a global network of resources, HSBC continues to empower individuals and businesses to thrive in an interconnected world.
HSBC UK’s Dedication to Serving Customers
Establishment and Regulatory Compliance:
- Formation in Response to Banking Reform
HSBC UK was established on 1 July 2018 to adhere to the requirements of the Financial Services (Banking Reform) Act 2013, mandating the ‘ring-fencing’ of core banking services in the UK by 1 January 2019.
Inclusion and Diversity:
- Cultivating an Inclusive Environment
HSBC UK prioritizes inclusion as the catalyst for diversity, recognizing its pivotal role in fostering innovation, risk management, and sustainable business growth.
Building an Inclusive Culture at HSBC:
- Strategies for Representation, Respect, and Reputation
HSBC UK’s inclusion strategy centers on three key principles: Representation, Respect, and Reputation, underpinning efforts to create a workplace where all individuals feel valued, respected, and supported.
Inclusion Policy:
- Promoting Dignity and Respect
HSBC UK upholds a robust inclusion policy. Furthermore, it prohibits unlawful discrimination, bullying, or harassment on any grounds and ensures that colleagues and customers with disabilities receive necessary accommodations.
Fair and Inclusive Recruitment at HSBC:
- Striving for Diversity in Hiring
HSBC UK prioritizes fair and inclusive recruitment practices. Additionally, it aims to attract a diverse pool of candidates, including training for recruiting managers to counteract biases and expanding recruitment partnerships to include specialist firms
Actions for Diversity:
- Initiatives for Equitable Employment Opportunities
HSBC UK takes proactive steps to ensure diverse talent has access to employment opportunities. In addition, it offers support for job applicants requiring additional assistance through dedicated Candidate Care Consultants.
Addressing Barriers to Opportunity:
Promoting Diversity in Leadership:
- Efforts to Reflect Community Demographics
HSBC is dedicated to enhancing the representation of underrepresented groups within its leadership teams. This commitment involves implementing fair and equitable development and promotion processes to facilitate progression opportunities.
- Measuring Representation and Implementing Programs
HSBC monitors the diversity representation within its talent programs and takes corrective measures to address underrepresentation. Initiatives include establishing accelerator programs tailored for women and ethnic minorities, aiming to overcome historical barriers to advancement.
Mentoring and Development Initiatives:
- Supporting Diverse Career Advancement
HSBC offers various mentoring programs, including a global mentoring platform and a diversity mentoring scheme, facilitating support and mentorship beyond traditional pathways. Additionally, a reciprocal mentoring program pairs diverse employees with senior leaders to foster professional growth.
Valuing Difference in Workplaces:
- Creating Inclusive and Supportive Environments
HSBC strives to create workplaces where all employees feel included, valued, and respected. Initiatives focus on removing potential barriers and fostering an inclusive culture that celebrates diversity, encouraging employees to remain and advance in their careers.
- Implementing Inclusive Policies and Support Services
HSBC’s inclusive policies support employees through various life stages and promote work-life balance, including the implementation of hybrid working arrangements. Moreover, employees have access to a confidential assistance service providing support for personal and professional challenges.
Providing Support and Accommodations to HSBC Employees:
- Assisting Colleagues with Health Conditions or Disabilities
HSBC offers workplace adjustments and assistive technology to help colleagues with long-term health conditions or disabilities perform their job effectively. Additionally, comprehensive maternity, adoption, and paternity policies support employees through significant life events.
Improving Inclusion Know-How:
- Enhancing Awareness and Understanding
HSBC aims to cultivate conscious inclusivity among its employees, equipping them with the knowledge and skills to interact inclusively with customers and colleagues. Various learning opportunities and training programs are provided to enhance awareness of inclusion throughout employees’ careers.
Providing Ongoing Training and Development Opportunities at HSBC
HSBC offers a range of learning opportunities, including mandatory annual training, leadership development programs, and specialized training for customer-facing colleagues to support diverse and vulnerable customers. These initiatives are accessible online via HSBC University and through Employee Resource Groups.
Job Description:
Are you looking for a career where your unique identity is embraced and your contributions are highly valued? Look no further than HSBC. Our commitment to diversity is ingrained in everything we do, driving our success and offering unparalleled opportunities for growth, support, and recognition. Join us and discover how diversity can elevate your career to new heights.
We’re currently in search of a proactive and detail-oriented Enhanced Due Diligence (EDD) Associate. In this pivotal role, you’ll meticulously review our high-risk clients to mitigate potential money laundering and other financial crimes.
Working closely with client coverage teams spanning Global Banking and Commercial Banking, Business Financial Crime Risk (BFCR), Financial Crime Compliance (FCC), Client Due Diligence teams, as well as other stakeholders, you’ll play a key role in producing EDD reports. Your responsibilities will include ensuring a thorough evaluation of our highest-risk entities.
This position presents an exciting opportunity to collaborate with internal and external stakeholders. Furthermore, you’ll be conducting thorough EDD reviews of Correspondent Banks (CBs), Money Service Businesses (MSBs), and Third-Party Payment Providers (TPPPs) with elevated financial crime and money laundering risks. Leveraging your expertise in financial crime, due diligence, and regulatory requirements, you’ll provide guidance and support to key stakeholders. This role entails reporting to the Europe EDD team lead.
Your duties at HSBC will include:
- Leading proactive Enhanced Due Diligence reviews on CB/MSB/TPPPs to identify, assess, and mitigate financial crime risks.
- Conducting EDD meetings and regular follow-ups with clients and RM/GRB to understand, challenge, and document risks and issues.
- Preparing detailed, comprehensive EDD Reports promptly, meanwhile, presenting client risk assessments and making appropriate decisions and recommendations.
- Analyzing financial intelligence reports/data, including transactional analysis, as part of the EDD review.
- Providing support and guidance to other members of the EDD team, Relationship Managers, Global Relationship Managers, Wholesale Client Services, Financial Crime Compliance, and other stakeholders.
- Assessing and promptly escalating risk concerns identified through the EDD process. Moreover, Assisting in identifying the CB population through analyzing transactional activity processed via the accounts held with HSBC.
- Managing and owning a book of work while understanding business and regulatory-driven priorities.
- Responding to queries and assisting with audit or remediation activities as needed.
HSBC Job Requirements:
The ideal candidate will possess:
- Proven experience in conducting Anti-Money Laundering (AML) reviews, demonstrating a thorough understanding of financial crime risks in sectors such as correspondent banking, Money Services Business, Third-Party Payment Processors, and payment systems.
- With strong analytical and critical thinking skills, coupled with experience in transactional analysis, this role demands an understanding of foundational Anti-Money Laundering/Counter Terrorism Financing knowledge. Moreover, experience in Anti-Bribery & Corruption and/or sanctions control within a large banking organization, or from a background in consulting or risk management, is essential.
- Strong stakeholder management and effective communication skills to convey information accurately, clearly, and concisely.
- Willingness to challenge, exercise judgment, and ask the right questions.
- Ability to negotiate and work effectively across different geographies.
Please Note: This is a hybrid role based in London.
At HSBC, we’re committed to fostering diverse and inclusive workplaces. Our recruitment processes are accessible to all, regardless of gender, ethnicity, disability, religion, sexual orientation, or age.
We’re proud participants in the Disability Confident Scheme, ensuring fair interviews for individuals with disabilities, long-term health conditions, or neurodiversity.
If you’re interested in applying for one of our roles and require adjustments, please contact our Recruitment Helpdesk:
Email: hsbc.recruitment@hsbc.com
Telephone: +44 207 832 8500.