Business Analyst

Job Type:Full Time
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Role Title: BusinessAnalyst

Business: Risk

New or Existing Role? New

Grade: GCB5

Role Purpose

  • Financial

Crime Threat Mitigation (FCTM) focuses on the 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. FCTM harnesses intelligence,

analytics, technology, investigation, information sharing, and

public-private partnership to achieve this end, always seeking the most effective

and efficient means. FCTM is also partnering with Financial Crime

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.

  • Within

FCTM the Intelligence Led Financial Crime Initiative is progressing a step

change to the way Financial Crime is combatted utilising an holistic view

of our customers and a continually updating risk assessment using the

latest Machine Learning capabilities. The solution is being developed on

the Google Cloud Platform.

  • The Product Management team ensures

that essential systems and data are available to enable FCTM to conduct

effective and efficient investigations and analytics. The team is

proactive and future-looking, shaping financial crime technology and

promoting its adoption across Compliance. The primary responsibilities are

business ownership of the solutions in place and product ownership of new


  • In

this role, the jobholder is responsible for:

  • Defining

the development and deployment stories of a specific set of functionality

relating to Financial Crime and a Dynamic Risk Assessment

  • Ensure

effective stakeholder engagement and user interaction at all levels

leading to informed and well-judged trade-offs and priority decisions to maximize

business benefit

  • Ensure

requirements are communicated clearly, consistently and in context to relevant

colleagues at all levels

  • Optimize

systems usage in FCTM. Identify and eradicate duplication or

underutilisation within FCTM and across Compliance and the lines of business

  • Ensuring

the controls and risk management principles are adhered to at all stages –

in particular with relation to our data.

  • Defining

solutions for data ingestion and management in the Cloud

Key Accountabilities

Impacton Business

  • To work with a team of systems, test and

user specialists in-line with the overall FCTM and FCR objectives

  • Ensure

effective stakeholder engagement and user interaction at all levels

leading to informed and well-judged trade-offs and priority decisions to maximize

business benefit

  • Ensure

requirements are communicated clearly, consistently and in context to relevant

colleagues at all levels

Customers /Stakeholders

  • Build networks and manage day-to-day

relationships with senior staff on technology, transformation and the

lines of business.

  • Manage the priority of requests into the

data teams from the program.

  • Strengthen

and broaden internal relationships with global functions, lines of

business, regions, and countries who directly benefit from or interact

with FCTM systems, including:

  • Regional

Product Management colleagues within FCTM

  • FCTM

managers and lead users

  • Compliance


  • Transformation


  • HOST


  • Lines

of business stakeholders

  • Strengthen and broaden external

relationships with key technology/data providers leveraging the FCTM

Innovation function

Leadership &Teamwork

  • Develops

strategy for adoption of technology and the realisation of benefit

  • Clearly

communicates technology strategy to meet business needs

  • Provides

direction at a global level and support at a regional level to the

deployment of systems within FCTM and FCR

  • Attracts,

retains and motivates high calibre talent

  • Provides

vision for initiatives within FCTM

  • Establish

and promote a learning culture focused on open feedback and continuous


OperationalEffectiveness & Control

  • Ensure

business and regulatory implications of system design and operation are

proactively anticipated, considered and communicated throughout the


  • Establish

manual and automated technical processes to ensure and evidence rigorous

adherence to Group policies and management of operational risk

  • Develop

and present options to implement controls whilst retaining full benefit

from investment in systems

  • Maintain

sound understanding of key threats and system vulnerabilities and engage

proactively with risk stewards to mitigate the impact of compromise.

Major Challenges

  • Identifying

and driving enhancements to the FCTM Technology suite to drive greater

global operational effectiveness and increase the return on investment

  • Developing

and maintaining strong and productive relationships with a diverse set of

customers and stakeholders

  • Using

the technical and business knowledge to formulate actionable solutions to

problems or identify new opportunities to enhance the system

  • Rapidly

developing an accurate understanding of highly complex intelligence

analytics tools, including multiple data feeds, network analysis logic and

algorithmic scoring models

  • Developing

a large body of contextual knowledge on wholesale banking sectors and

retail transaction monitoring, as well as the specific financial crime

risks associated with them.

  • Participating

in providing the platforms to facilitate the transformation of transaction

monitoring away from an event driven to a contextual driven model to fight

money laundering and fraud.

Role Context

  • Transaction

monitoring and financial crime detection in HSBC is undergoing a change in

strategic direction concentrating on fighting financial crime rather than

the traditional event driven monitoring. This is an analytics/Cloud-first

strategy, dependent on the tools, techniques and technologies which the

role holder will help to drive. To enhance agility, the bank needs to be

able to bring these models more quickly into production through automation

which ties in with the bank’s devops-led technology strategy.

  • The

post holder will be responsible for guiding, advising and, in some cases,

demonstrating the principles as prototypes of some of these technologies

in a fast changing technology environment.

  • There will be a strong focus on data management ensuring the

analytics models have access to a wide source of information.

  • The

post holder must be able to work comfortably within a fluid and developing

framework. The role holder will be expected to demonstrate considerable

entrepreneurial spirit to obtain the necessary knowledge and identify and

realise opportunities. The role holder will be subject to sensitive, and

therefore risky, information and must exercise sound judgment in protecting

it and must adhere to all relevant rules and regulations.

Management of Risk

  • Thejobholder will continually reassess the operational risks associated with therole and inherent in the business, taking account of changing financial crimesthreats, geopolitical, economic or market conditions, legal and regulatoryrequirements, operating procedures and practices, management restructurings,and the impact of new technology. Monitor in accordance with the PrincipalAccountabilities set out above.
  • Thejobholder will ensure the fair treatment of our customers is at the heart ofeverything we do, both personally and as an organization

Observation of InternalControls

  • MaintainsHSBC internal control standards, including timely implementation of internaland external audit points together with any issues raised by externalregulators
  • Assistsin the discharge of accountabilities set out in the Legal & Compliance FIMby proactively assisting FCTM Managers in their responsibilities to assistmanagement in identifying and containing compliance risk, monitoring, reportingand certification, fostering a compliance culture and optimizing relations withregulators
  • Jobholder is an

‘insider’ for dealing purposes and subject to strict controls and