32 days agoHSBC

Business Analyst

  • City of Edinburgh (City of Edinburgh)
  • IT development

Job description

Role Title: Business Analyst

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 builds.
· 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

Impact on 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 stakeholders
· Transformation stakeholders
· HOST colleagues
· 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 improvement.

Operational Effectiveness & Control

· Ensure business and regulatory implications of system design and operation are proactively anticipated, considered and communicated throughout the lifecycle
· 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.

Role Dimensions
· The jobholder's responsibilities cover the development of the ILFCRM Dynamic Risk Assessment solution. Facilitating the development as an SME/Business Analyst working for a Product Owner in an agile framework. tackle

Management of Risk
The jobholder will continually reassess the operational risks associated with the role and inherent in the business, taking account of changing financial crimes threats, geopolitical, economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology. Monitor in accordance with the Principal Accountabilities set out above.

The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organization

Observation of Internal Controls

Maintains HSBC internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators

Assists in the discharge of accountabilities set out in the Legal & Compliance FIM by proactively assisting FCTM Managers in their responsibilities to assist management in identifying and containing compliance risk, monitoring, reporting and certification, fostering a compliance culture and optimizing relations with regulators

· Jobholder is an ‘insider' for dealing purposes and subject to strict controls and confidentiality

Ideal candidate profile

Qualifications :

Knowledge & Experience / Qualifications

Proven Project Management/Product Ownership experience in a complex global environment

Strong Jira and Confluence experience

Proven ability in leading technology teams using agile methodology and nurturing talent

Knowledge of KYC and transaction monitoring processes

An understanding of the Google Cloud platform

Regulatory experience preferred including data sharing and outsourcing

Investigative and/or intelligence experience covering a wide range of financial crime threat areas, including management

Strong interpersonal skills with the ability to communicate technical matters effectively with senior leaders in FCR, the business, and the public sector

Proven written and verbal communication skills with high attention to detail

Highly motivated self-starter with proven ability to work collaboratively within teams and to deliver on time

Comprehensive knowledge of technology issues relevant to Google Cloud, machine learning and the financial sector in general

Proven ability to rapidly develop matter expertise in a range of technical and non-technical areas

A personal and professional interest in security, intelligence and technology

As a business operating in markets all around the world, we believe diversity brings benefits for our customers, our business and our people. This is why HSBC is committed to being an inclusive employer and encourages applications from all suitably qualified applicants irrespective of background, circumstances, age, disability, gender identity, ethnicity, religion or belief and sexual orientation.

We want everyone to be able to fulfil their potential which is why we provide a range of flexible working arrangements and family friendly policies.

https://www.hsbc.co.uk/1/2/popups/uk-privacy-statement#/ overview