Director – Financial Crime Oversight

Director – Financial Crime Oversight

Requirements

• A strong base of understanding of and experience in financial crime compliance and risk management within a financial services organization
• 10+ years’ experience and skills in leading a team(s) with responsibility for delivering compliance with regulation and/or policies within a customer facing environment
• 10+ years’ experience in regulatory change and skills in leading teams and functions through change and embedding continuous improvement, while also maintaining an effective control environment
• Significant experience and skills in working with senior stakeholders across a business area and making sound risk-based decisions with important consequences
• Strong interpersonal skills and the ability to influence through a matrixed organization

Responsibilities

• Identification of changes to the level of risk exposure through the assessment of business activities, client base, products, geographies and thematic key risks including laws, rules and regulations
• Implementation of ongoing monitoring, review and challenge of risk assessments to verify that they remain relevant and effective considering changing circumstances arising from a control environment that is not designed and/or operating effectively
• Development and implementation of a framework to identify where the residual risk of a business requires risk mitigation strategies, policies, and procedures to bring the organisation’s exposure to identified risks to within appetite
• Analysis of the likelihood and severity of identified risks to determine their overall impact on the organisation
• Utilisation of governance risk and control technology and data analytics to identify and measure patterns and trends related to compliance risk
• Collaboration with the business, Compliance and other risk functions to develop and maintain a risk assessment framework that meets Operational and Compliance Risk requirements
• Ensure the bank achieves compliance with all Financial Crime regulations, policies and standards, and manages Financial Crime within stated risk appetite
• Overseeing the E2E processes that are primarily designed to manage financial crime risk or comply with financial crime regulations, policies and standards
• Acting as 1st line oversight representative for regulatory engagements on matters relating to financial crime
• Collaborating with others to deliver effective risk management and compliance in related processes (e.g. customer on-boarding, suspicious activity monitoring and reporting, screening, customer due diligence and enhanced due diligence, etc.) in a fashion that also supports the business’s wider strategy
• Ensuring ABC controls are operating effectively across the organization
• Hold delegated authority from the first line of defence Responsible Executive for financial crime compliance and risk management
• Work with second line of defence functions (primarily BBDE Bank Secrecy Officer (BSA) Officer) to influence and shape the bank’s policies and standards in a manner that reflects and is relevant to US Consumer Bank customers and partners
• Responsible for working with all teams involved to ensure that the bank achieves satisfactory outcomes in related risk assessments, assurance reviews and audits, identifying and resolving issues that may preclude this and responding appropriately to assessments that do not meet this target

Preferred Qualifications

No preferred qualifications provided.