Sanctions Manager , HK - Compliance Sanctions Manager , HK - Compliance …

in Hong Kong
Permanent, Full time
Last application, 17 Sep 21
Not Specified
in Hong Kong
Permanent, Full time
Last application, 17 Sep 21
Not Specified
Sanctions Manager, HK - Compliance

The health and safety of our employees and candidates is very important to us. Due to the current situation related to the Novel Coronavirus (2019-nCoV), we’re leveraging our digital capabilities to ensure we can continue to recruit top talent at HSBC.  As your application progresses, you may be asked to use one of our digital tools to help you through your recruitment journey.  If so, one of our Resourcing colleagues will explain how our video-interviewing technology will be used throughout the recruitment process and will be on hand to answer any questions you might have.

Some careers grow faster than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Compliance is a global function that brings together all aspects of regulatory and financial crime risk management. Acting as risk stewards, and incorporating a range of specialist teams, we work together with the business and leverage advanced technology to help HSBC navigate a complex regulatory landscape and embed a sustainable approach to compliance risk management that supports safe growth and serves customers fairly. Compliance aspires to continuously raise the bar and set leading standards across the industry to help HSBC safeguard its customers and the communities within which it operates.

We are currently seeking a high calibre professional to join our team as a Sanctions Manager, HK - Compliance.

Principal Responsibilities

  • Primarily responsible for supporting the Senior Sanctions Manager, Hong Kong on Trade, Economic and Financial Sanctions (including sanctions programs administered by the U.S. Office of Foreign Assets Control, United Nations, European Union and HM Treasury’s Financial Sanctions, (collectively referred to herein as “Sanctions”), and global risk management framework to meet legislative and regulatory requirements on a local basis
  • Serve as an advisory on sanctions governance & regulatory compliance risk matters, including the domestic rollout of Global Sanctions Policy, for various LOBs in Hong Kong
  • Responsible for managing sanctions compliance risk matters and mitigating controls in periodic reviews and relevant Management Reports
  • Assist with the investigation, assessment, and escalation reporting of potential breaches or violation of economic sanctions and trade restrictions in Hong Kong
  • Maintaining, updating and identifying enhancements for sanctions lists and controls
  • Ensure all actions have been properly documented with regards to any investigation / review
  • Verify counterpart sanctions related activity
  • Support projects as directed by the Head of Sanctions or Senior Management
  • Support the Sanctions Team along with any day to day operational and administrative tasks
  • Opine on Global Sanctions process improvements
  • Participate in various system/application testing
  • Flexibility - willingness and ability to adapt to changes in procedure, responsibility, or assignment
  • Provide support, of all aspects of Financial Crime Risk Sanctions including impact analysis of regulatory changes within Hong Kong
  • Liaise with internal and external stakeholders in relation to Sanctions risk (including regulators, internal/external auditors, and competent authorities) with the Group and Hong Kong
  • Building strong partnership with business to drive and accelerate the execution of Financial Crime Compliance Sanctions programmes within the region that directly impact business performance
  • Stay at the forefront of key regulatory changes to ensure proactive communication with business and implement appropriate policy and framework to manage the changes
  • Participate in and work with relevant local industry bodies and groups in relation to Sanctions related initiatives, trends and proposals
  • Provide advice to business across various LOBs in HK on risk associated with prospective business, products and service and design mitigation controls and implement strategies as appropriate


  • Seasoned professional with experience in one or more risk compliance roles in the financial services industry, ideally to include Sanctions experience
  • Extensive knowledge of Sanctions regulations and guidance
  • Understanding of the HSBC Group structure, its corporate culture preferred
  • Lateral thinker with an ability to interpret and solve complex issues
  • Excellent communicator with strong inter-personal skills
  • Experience in leading assurance work in a complementary discipline e.g. Audit would be an advantage
  • Demonstrate ability to lead change, contributing to joining up with the other teams in Risk and Business globally
  • Experience of dealing with regulatory matters and confident interaction with Regulators
  • Ability to develop practical, cost effective solutions to complex global issues

You’ll achieve more when you join HSBC. 

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

Company Overview

HSBC is one of the world’s largest banking and financial services organisations. Our global businesses serve more than 40 million customers worldwide through three global businesses: Wealth and Personal Banking, Commercial Banking, Global Banking & Markets. Our network covers 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

We aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions.

Whether you are looking for a first job or taking the next step in your career, we offer many ways for you to achieve your ambitions. Come and work with us and you'll have opportunities to build connections with colleagues and customers worldwide and help build the bank for the future.

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