Assisstant Manager - Investigative Reporting

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Job Purpose

Background

Investigative Reporting is one of four investigative teams within FCI (Financial Crime Investigation). It is responsible for high volume investigations, including cases generated under automated transaction monitoring procedures, true match cases generated from name screening alerts, referrals from Fraud Operations, as well as cases resulting from Financial Crime – Unusual Activity Reporting (FC-UARs), production/court orders and other referrals where FCI Triage has assessed that the case is appropriate for referral to Investigative Reporting.  Transaction monitoring generated cases includes Dynamic Risk Assessment (DRA) cases, where implemented, or scheduled to be implemented as well as classic transaction monitoring cases.

 

Investigative Reporting prepares reports or appropriate closing summaries for all investigations conducted and prepares and files ‘suspicious transaction reports (STRs) on such investigations, where warranted. Investigative Reporting is responsible for ensuring that findings of financial crime risk are shared with relevant risk owners and/or risk stewards for investigations conducted by Investigative Reporting and making any cross border referrals to other Investigative Reporting teams, where appropriate.  Designated team members or points of contact located in-market are responsible for final decisioning, in coordination with the MLRO and filing of STRs.

 

Role Overview

The Investigator role is responsible for conducting financial crime investigations, in accordance with the Investigative Reporting Instructions, to assess where potential financial crime risk is present, assess appropriate referrals for action, as well as referral of the case, if warranted, to designated Investigators for regulatory filing decisions and filing. The Investigator in this role will generally work on cases (DRA or non-DRA)

 

Principal Accountabilities: key activities and decision making areas

·       Responsible for conducting effective and timely investigations into assigned cases in accordance with agreed standard for reporting requirements and service level agreements. These cases may include:

o   Cases generated by transaction monitoring systems, including DRA;

o   FC-Unusual Activity Report raised from various parts of the bank, and referred, as appropriate, by Triage to Investigative Reporting;

o   Escalated cases identified by true matches to screening lists by Name Screening teams;

o   Cross-border referrals; and

o   Escalated cases from Fraud Operations.

·       Work independently to complete assigned tasks and submit high quality investigation reports or closing summaries within the established process SLAs as per the standards agreed.

·       Determine information and documentary evidence needed to support the case decision and to ensure adequate record of such in an approved case management system.

·       Conclude each case investigations, and make appropriate recommendations based upon the assessment, which may include referral to the MLRO or designated in-market Investigators as to whether a STR should be filed or in consultation with the respective manager, make referrals to other Investigations teams (Complex Investigations or Major Investigations).

·       Seek advice from Subject Matter Experts (e.g. AB&C, Sanctions Advisory and Tax Transparency etc.), where appropriate.

·       Identify and complete appropriate referrals for action, including but not limited to, recommendations for exit, and KYC/CDD refresh referrals.

·       Demonstrate continuous development of investigative best practice, skills and experience whilst in role.

Impact on the Business/Function across the region

·       Appropriate pro-active use, where appropriate, of media reports and relevant tools, including websites to gather information and identify customers of HSBC involved in financial crime, including money laundering and terrorism.

·       Produce high quality case reports and summaries, including a quality narrative and recommendation as to whether or not a STR is appropriate with onward escalation for disclosure to the relevant authorities in accordance with procedural standards.

·       Identify appropriate referrals for action, and effecting of such in accordance with procedural standards.

·       Process a proportionate number of cases to the agreed procedural standards required and within agreed service level agreements.

·       Ensure appropriate consideration given to each case as to content and quality of content/narrative.

·       Determine whether the case warrants escalation to other Investigations teams or requires input from other SMEs, taking care to evaluate appropriately against relevant escalation criteria.

 

Customers / Stakeholders

 

·       rovide precise and concise questions and requests of relevant supporting documents during Request for Information (RFI) process to address specific concerns while maintaining customer satisfaction.

·       Appropriate assessment with the context of all gather information of responses to RFIs, seeking where appropriate, supplementary information.

About Company

HSBC (Hongkong and Shanghai Banking Corporation) is one of the world’s largest banking and financial services organizations. Headquartered in London, it operates in over 60 countries across Europe, Asia, the Americas, the Middle East, and Africa. Founded in 1865, HSBC offers a wide range of services including retail banking, commercial banking, investment banking, and wealth management. The bank focuses on connecting customers to global opportunities, especially in high-growth markets like Asia.