Head of Financial Crime and Regulatory Compliance

The opportunity: Head of Financial Crime and Regulatory Compliance

Being part of HSBC in Sweden, you’ll help evolve and grow our business.

HSBC Continental Europe Compliance

HSBC Continental Europe (HBCE), a subsidiary of HSBC Holdings, is a leading wholesale bank in the European Union, with branch offices across EU countries. In addition to wholesale banking and markets, HBCE also provides a targeted Wealth & Personal Banking offering through subsidiaries in selected locations, including a private bank in Luxembourg and a universal bank in Malta. HBCE is headquartered in Paris where also its central compliance team is primarily located, in addition to local compliance staff in offices across the EU. All EU compliance activities report into the HBCE Chief Compliance Officer (CCO) based in the Paris office.

HBCE Country Branch Compliance

A Branch Compliance teams consist of Compliance Officers, including the Head of Financial Crime (FC) and Regulatory Compliance (RC), with expertise specific to the European Union (EU) country they operate in. They face the local business and provide country-specific advice, as they have expertise in local regulatory requirements. General advisory matters are mostly handled by the HBCE Compliance CoE, while more complex matters may involve specialists in the RC and FC teams. Besides their Risk Stewardship (advice and challenge) responsibilities Branch Compliance also performs typical RC and FC activities, such as interaction with the local regulator and MLRO duties (for which they liaise with the HBCE RC and FC teams as required).

The Head of Financial Crime and Regulatory Compliance in Sweden is responsible for ensuring HSBC’s operations in the geography and/or line of business are effective in identifying, managing and mitigating Regulatory Compliance and Financial Crime and Fraud risks.

What you’ll do:

- Act as Head of Financial Crime and Regulatory Compliance for the country branch, owning oversight of regulatory compliance and financial crime risks in the HBCE Sweden branch covering also Norway, Denmark, Finland.

- Provide expert, practical advice and credible challenge across the business, including on new products, initiatives and complex advisory topics (e.g. cross-border risks, conflicts of interest, information barriers, outsourcing).

- Provide insight on current, emerging and horizon risks, supporting risk and control management activity including Risk and Control assessments, control monitoring and related governance.

- Serve as a key point of contact for Regulatory Affairs / Policy Oversight matters, bringing deep understanding of local regulatory requirements and market practice.

- Support regulatory engagements and business developments, including oversight of Regulatory Mapping activities.

- Deliver implementable policies, support the business to embed them, monitor compliance and escalate non-compliance robustly when required.

- Build and sustain a strong compliance and conduct culture where Compliance is valued as a trusted partner.

- Deliver regular compliance training and awareness sessions across the country branch.

- Lead governance and reporting for country compliance matters, including maintaining compliance databases and preparing papers for governance fora, with escalation to regional teams where required.

What you’ll bring:

- Proven expertise in Regulatory Compliance and Financial Crime risk management within banking/financial services, ideally within Swedish and EU regulatory context.

- Strong leadership capability with experience building, motivating and developing high-performing teams in an inclusive environment.

- Confidence operating as a senior adviser and challenger to business leadership, with sound judgement and a pragmatic, solutions-focused approach.

- Demonstrated experience engaging with regulators and managing regulatory relationships and interactions.

- Strong governance, communication and stakeholder management skills, with the ability to work effectively across country, regional and global teams.

- A track record of driving timely issue resolution, escalation, and delivery of audit/regulatory recommendations in line with control standards.

- Fluent in English and Swedish; other languages relevant to the market(s) served would be an asset; and French a plus

What you’ll get in return:

The pay range for this role is 1,157,300 SEK - 1,650,000 SEK

HSBC operates multiple variable pay plans, to reflect the diverse nature of the businesses, roles and markets in which we operate. Variable pay is designed to reward colleagues for their individual performance and contribution, as well as the performance of their relevant Business / Infrastructure, and the overall Group.
We offer a comprehensive and competitive package of benefits covering usually covering healthcare, life assurance, pension, and family friendly leaves, as well as many other benefits to support your wellbeing.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.

If you have a need that requires accommodations or changes during the recruitment process, please let us know.
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For further information on building your career at HSBC, please visit: www.hsbc.com/careers
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