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Job Description:
This job is responsible for supporting the execution of substantive money laundering, economic sanctions and fraud compliance and operational risk practices. Key responsibilities include assisting Global Financial Crimes executives and managers with activities that support the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (CORM) Program, the Financial Crimes and Global Compliance - Enterprise Policies and the Enterprise Fraud Risk Management Standards.
Responsibilities:
- Supports the development and maintenance of financial crimes owned policies and standards, and reviews relevant Front Line Units/Control Functions-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
- Assists in the production of independent financial crimes risk management reporting to Global Compliance & Operational Risk (GC&OR) Senior Leaders and FLU/CF Senior Leaders
- Assists in the monitoring of changes in regulations applicable to Global Financial Crimes, including advising business leaders, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed
- Assists in the identification of regulatory training needs and provides subject matter expertise to support the development of training curriculum.
- Performs investigations and SAR filing where needed, and provides support ensuring the control environment is effective.
- Participates in the development and maintenance of the global financial crimes coverage plan which defines the scope and risk-based focus of the second line’s risk management activities and/or oversees and participates in execution of monitoring, testing, and risk assessments, communicate results.
- Carries out GFC related risk assessments, surveys, new product, and business initiative reviews as maybe necessary.
- Supports with escalating financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
- Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF and/or GFC-owned issues and control enhancements related to financial crimes, including review of remediation plans to strengthen controls and providing oversight to ensure they are addressed appropriately
Skills:
- Critical Thinking
- Monitoring, Surveillance, and Testing
- Regulatory Compliance
- Risk Management
- Issue Management
- Policies, Procedures, and Guidelines Management
- Written Communications
- Coaching
- Reporting
- Talent Development
