VP

FINANCIAL CRIME DEPARTMENT OVERVIEW

The Wealth division's Financial Crime Team is located in London and Glasgow, although working directly with Regional Advisors and MLRO’s globally. The team’s primary responsibilities are interpreting and implementing AML, Sanctions and KYC policies, managing the subsequent controls and working closely with the Wealth businesses to provide direction and interpretation of regulatory requirements.

The team’s role incorporates a Policy element, technical definition and ongoing advice and guidance, as well as maintaining oversight of the key Financial Crime controls. Management Information is used to track emerging patterns in areas of Financial Crime which is used to improve business processes and identify risks for senior management and business heads.

 

CORE ACCOUNTABILITIES

The role holder is primarily responsible for managing the Glasgow based sanctions team and ensuring its ongoing development to support the effective management of day to day sanctions risk throughout the Wealth business. This will include existing activities such as management of payment screening processes globally, input as SMEs to any change initiatives; oversight of remediation associated with any policy updates and MI analysts as well as agreed changes in activity to support improved management or oversight of sanctions or financial crime risks.

The role holder will support the Head of Wealth Sanctions as in the deployment of the following responsibilities:

General

Reporting

 

Management Leadership:

The role holder will work with the Head of Sanctions to develop and define the vision for the Glasgow team and the supporting strategy. Implement the strategy, effectively leading the team through any upskilling and changes as required. This will include ensuring any changes are effectively managed within the team and with external stakeholders.

 

Group Sanctions Programme and Cease and Desist Activity:

The role holder will support the Glasgow team and business stakeholders through Regulatory, Legislative and sanctions initiatives, working with Operations, the Business and Technology to ensure all stakeholders are engaged throughout the lifecycle of change and development. This will include providing accurate advice and making risk based decisions on the direction of Financial Crime programmes and updating the Management and Steering Committees as appropriate.

 

Financial Crime Investigations:

The role holder will support and manage ad-hoc investigations globally, as well as supplying support to all business areas in the management of incidents, audit findings and screening solution changes.

 

ROLE REQUIREMENTS

Professional/technical experience

Understanding of OFAC, HMT, EU, UN and other jurisdictional sanctions laws, regulations, regulatory expectations and industry best practice. This should include knowledge of Global Sanctions regimes and requirements and AML regulations, in addition to;

July 2, 2013 • Tags: , • Posted in: Financial

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