Head, Financial Crime Control

Job Summary

Analyse comprehensive impact of financial crime related regulatory matters on the relevants business area and its operations.

• Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to Financial Crime Compliance (FCC).
• Support resolution of competing requirements between regulations, for example between Anti Money Laundering (AML) regulations and data privacy/bank secrecy or information security regulations.
• Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/to address financial crime risks, aligning with relevant regulatory requirements.
• Providing governance and oversight over the implementation of FCC related policies and procedures in [Globa/Region/Country/Business] to ensure compliance with such policies and procedures.
• Act as Process Owner for FCC-owned processes under the Group’s Risk Management Framework, including implementation and roll-out of relevant processes.
• Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions.
• Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.
• Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Understand technical aspects of systems relevant to Customer Due Diligence (CDD), Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management
• Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
• Oversee the appointment of, and manage relationships with watchlist vendors as appropriate.
• Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
• Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
• Assess risks arising from products / segments / geographies / customers / transactions.
• Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Anticipate horizon risks in the area of financial crime that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.
• Analyse significant financial crime risk events (e.g. SAR’s, non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally as well as externally across all relevant jurisdictions.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
• Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you.

You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

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