Head, Financial Crime Assurance

Location: Roorkee

Job Summary

This position can be based in GBS Bangalore, GBS Kuala Lumpur, or GBS Poland. Please note that the application drop‑down currently displays only Bangalore or KL. If you are interested in another listed location, select either option and the recruitment team will contact you to confirm your preferred location.
Assurance is a Second line defence function established under a delegated Mandate from the Group Chief Risk Officer and the Group Head of Conduct, Financial Crime and Compliance (CFCR). The primary role of Assurance is to provide a risk-based independent view to Senior Management in the business/functions, Second Line and the Board as to the effectiveness of the bank's policies, processes, systems and controls.

It facilitates identification of any gaps & inefficiencies, enabling prompt corrective action to be taken, and is a key source of evidence for the Board & Regulators. Assurance is part of the reasonable steps taken in support of SMF 4, 16 & 17 responsibilities.
The Head of Compliance and Conduct Risk Assurance reports into the Global Head of Compliance, Financial Crime and Conduct (CFCR) Assurance. The incumbent will lead the Bank's Compliance Assurance function and oversee all Assurance reviews covering the Compliance and Conduct Risk Assurance portfolio and will sit on respective Compliance Management Teams

Key Responsibilities

Strategy

Support the Global Head of CFCR Assurance in delivery of a strategy for provision of risk based and data driven assurance coverage across Compliance and Conduct Risk and providing strategic leadership to deliver the strategy, taking account of industry good practise.
The Compliance and Conduct Risk assurance strategy should focus on assessing effective risk management of: 2

LOD risk policy setting, the 1

LOD in managing the risks, controls and process in their business and functions; and; 2

LOD in its role of providing challenge and oversight. All businesses and functions and geographies are within scope.
Work with Global Head of Financial Crime Assurance to ensure coverage of the Bank's compliance risks and other key risks and controls, both by risk taxonomy and process.
Work with the Global Head of Assurance Data, Analytics, Group Risk Services (GRS) and Transformation to implement a technology-enabled assurance strategy, integrating data analytics and automation to enhance risk identification and audit efficiency.
Help drive a collaborative cross line of defence risk and control ecosystem.
Drive a culture of continuous improvement in delivery of the Assurance mandate, including by leveraging data and technology throughout the team.

Business

Provide senior oversight of the assurance book of work to ensure alignment to Bank's Compliance and Conduct Risk Assurance priorities.
Contribute to the strategic intent and agenda of Risk & Compliance and Conduct Risk Assurance and as such be accountable to lead or influence significant programmes of work in support of the broader Risk & Compliance and Conduct Risk Assurance objectives.
Equip the Assurance function with sufficient appropriate resources and capability, to include technical, assurance/audit skills and systems capability.
Drive business enablement through delivery of risk based, insightful, value add Assurance products.
Awareness and understanding of the regulatory environment and Assurance industry good practise.

Processes

Ensure relevant Risk & Compliance and Conduct Risk Assurance processes embed collaborative working across all three LODs.
Ensure Risk & Compliance and Conduct Risk Assurance operates within all relevant Group Policies and Standards.
Manage Risk & Compliance and Conduct Risk Assurance resources in GRS in line with intra-group agreements
Manage the budget associated with the Risk & Compliance and Conduct Risk Assurance function.

People & Talent

Build, manage, coach and develop a team of quality assurance professionals, balancing locations, skills and competencies to position the Bank as an industry leader in the eyes of regulators and industry stakeholders.
Responsible for the organisational design of the Compliance and Conduct Risk Assurance team, including driving improvements where necessary (efficiency, location strategy and diversity).
Proactively engage with stakeholders to ensure that relationships are trusted such that the team voice is respected at the most senior level.
Lead through example and build the appropriate culture and values within Assurance and across the wider organisation. Set appropriate tone and expectations for teams and work in collaboration with risk and control partners.
Provide functional leadership and subject matter expertise for regulatory inspections, internal fora and relevant external bodies.
Lead and develop a high-performing assurance team with expertise in data analytics, technology, and traditional audit methodologies.
Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
Take…