VP Financial Crime AML Testing recruitment
Main Duties
Implementation of Americas portion of Global CIB Conformance Testing program 70%
- Develop and perform conformance testing reviews to ensure ongoing compliance with the Financial Crime Program in the following areas:
- Know Your Customero Risk Scoring methodologies or tansaction Monitoring
- Suspicious Activity Reporting
- Financial Crime Training and Awarenesso Record Keeping
- Third party paymentso Sanctions screening practices and related operational processes
- Anti-Bribery and Corruption controls/Gifts Entertainment
- Ad hoc reviews based on regulatory and management expectations
- Prepare final conformance reports for distribution to stakeholders.
- Help drive corrective actions needed to improve Financial Crime processes and procedures.
- Participate in other ad hoc reviews based on regulatory and management expectations.
- Build and maintain effective working relationships with key business areas, senior management, and other stakeholders across all regions.
- Assist with the coordination and management of regulatory exams, as required.
- Supervise and manage other Conformance Team members.
- Identify, assess, and monitor financial crime compliance risk across relevant Business Units.
- Ensure that controls related to CIB Financial Crime Compliance Framework are appropriately embedded within business as usual processes and policies and procedures.
- Assess the appropriateness of Group policies and applicable Business Unit policies.
- Assess the level of adherence to internal policies and regulatory guidance on AML, Sanctions, and ABC.
- Work with the business, Internal Audit, and compliance management on special-purpose financial crime assessments, consultations, and project work, as required.
- Identify best practices for managing financial crime risks.
- Assist business management with remediation efforts to address regulatory and audit findings.
- Provide support to Financial Crime leadership team on addressing risk management issues.
- Work with key stakeholders to agree and monitor action plans to make the Control Framework effective
- Escalate by appropriate means deficiencies identified in the Control Framework• Participate in annual risk assessment exercise.
- Coordinate and manage Financial Crime conformance activities across the region. Provide oversight and direction
- Liaison with CIB Conformance Testing teams in other regions to ensure global oversight of Fin Crime risks
MI reporting 10%
- Prepare regular updates for Monthly FCC Reports, Quarterly Governance Committee Reports, FCC Leadership Meetings, Group reporting, and Operational Risk reporting
Control Oversight 10%
- Monitor and track Action Plans arising from CIB and Group Conformance Reviews, risk assessments, Group mandates, self-identified issues, BIA audits, and regulatory exams. Monitor BIA and regulatory activity within the region.
Leadership and Performance Management 10%
- Provide functional leadership to in other members of the Conformance Team and support them in managing conflicting priorities with local senior management
- Spread best-practices across the region, ensuring effective teaming and efficiency.
- Set challenging and stretching objectives for other members of the Conformance Team, as applicable, and ensure effective performance management, development and succession planning for the team. Inspire and drive high performance in the team.
- Act as a role model and drive proactive application of Firm's Guiding Principles throughout the team including establishment of common goals and objectives.
- Introduce continuous improvements in working practices and play a significant part in the development of a single team mentality across the region
- dentify training needs and support fulfillment of same.
Person Requirements
Basic Qualifications:
- BA/BS degree
- 7+ years of experience in Compliance in a large global financial institution, and specifically in capital markets and corporate banking businesses
- 2+ years of experience in and strong understanding of AML, Sanctions, and ABC regulations, governance and regulatory control frameworks and best practices
- 2+ years of experience with and understanding of AML Surveillance and Sanctions Screening systems.
- 2+ years of experience with Know Your Customer, Due Diligence, and Enhanced Due Diligence processes
Preferred Qualifications:
- Big 4 experience
- Experience in IT reviews
- Proficiency in multiple languages
- Regulatory experience
- Proven track record in a Financial Crime Compliance environment
- Experience in and proven knowledge of conformance testing and/or compliance audit processes
- Excellent negotiating and interpersonal skills
- Ability to influence positive outcomes across a wide variety of business areas
- Solutions-driven, confident, ethical, and highly motivated
- Must be flexible and able to operate in a fast-paced environment
- Must have ability to act decisively and independently in situations requiring quick analysis and decision-making
- Experience in managing people
- Excellent written and verbal communication skills
- Strong organizational skills
- Strong report writing skills
- Strong PC skills, especially Microsoft Excel
- Strong analytical and numerate skills
- Team player
Willingness to travel
May 7, 2012
• Tags: Capital Markets careers in the USA, VP Financial Crime AML Testing recruitment • Posted in: Financial