Business Money Laundering Control Manager (UAE National role)

Location: MSquare Branch, Dubai

In This Role, You Will

• Discharge the Business Money Laundering Control Manager (BMLCM) and risk role for the IWPB Distribution Network, proactively identifying and mitigating money laundering and sanctions risk through effective monitoring, controls and timely escalation/reporting of suspicions.
• Plan, direct and oversee risk-related activities to support customer-facing teams and enhance the customer experience, while operating in line with internal controls, AML/sanctions requirements and relevant regulatory expectations.
• Support frontline onboarding processes, including clearing high-risk queues (e.g., non-resident, sanctions, high net worth individuals, Special Category Customers (SCC)) to ensure timely progression and appropriate risk handling.
• Review and assess screening referrals (e.g., Blacklist/World-Check) from the RMO team and IWPB frontline teams, taking timely action and supporting screening-related follow-ups in line with required processes.
• Follow up on CDD completion, monitoring and chasing outstanding CDD actions through to closure.
• Review high-risk cases to safeguard the bank, including providing guidance on cash transactions, conducting detailed reviews of high value cash transactions and ensuring approvals are obtained per the cash escalation matrix.
• Manage and support escalations from frontline (including RFIs), applying appropriate challenge, ensuring robust documentation, and providing high-quality responses to payment alerts requiring Level 3 due diligence.
• Maintain strong compliance records and operational controls, including restriction monitoring (log, track, evidence and follow-up) and ensuring compliance with applicable local regulatory requirements.
• Apply KYC due diligence rigorously for individuals linked to Sensitive Sanctioned Countries, SCC, high-risk third countries and non-residents.
• Provide expertise, coaching and training on Financial Crime topics (including non-resident processes), using case studies to upskill staff and helping teams manage client expectations through effective questioning.
• Act as a key point of contact for network/RCC queries, promoting a strong compliance culture and supporting the raising of FC-UARs where appropriate.
• Contribute to ad hoc Compliance and Risk assignments, supporting projects with timely inputs/status updates and overseeing remedial FCC/Risk actions (including sample checks to confirm corrective actions are effective).
• Manage exit cases through the Reputational Risk Committee governance process and apply the agreed contact strategy for payment RFIs and sanctions-related cases.
• Support the second line of defence (e.g., FC Advisory, Sanctions Advisory, AML Engagement and Investigators) by responding promptly and accurately to RFI requests.
• To be successful in the role, you should meet the following requirements:
• Any risk related courses (ACAMs, ICA, Other Risk courses) completed would be an added advantage.
• Proven ability in CDD, analytics, financial crime prevention activities.
• Must understand HSBC’s IWPB procedures.
• A broad knowledge of financial crime risk and local regulatory environment.
• A good understanding of Lines of business procedures for AML, Sanctions, AB&C, Tax.
• An understanding of the Premier, Advance and Personal Banking Propositions.
• A graduation degree is essential for obtaining a UAE visa and/or work permit. If your university certificate is from outside the UAE, up-to-date attestations and equivalency are also mandatory (Recognition of Higher Education Qualifications Issued Outside The UAE)
• You’ll achieve more at 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.
• We believe diversity brings benefits for our customers, our business and our people.
• Different ideas and perspectives help us innovate, manage risk and grow the business in a sustainable way.
• 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 Hong Kong and Shanghai Banking Corporation Limited.