As a member of the FCR-Compliance team, the Compliance Monitoring Manager is responsible for planning, execution, evaluation, reporting and advancement of FCR compliance monitoring reviews and periodic testing of key compliance controls, processes and procedures within Wholesale Banking (WB) and Consumer Banking (CB) to demonstrate compliance with Group and local requirements addressing money laundering, terrorist financing, sanctions and other abuses of and crimes against the financial system.
The FCR Compliance Monitoring Manager is expected to implement and maintain a sound, prudent and effective regime for the monitoring, review, testing, tracking and reporting of compliance, risk management and governance issues specific to money laundering, terrorist financing, embargo & sanctions, exposure to politically exposed persons, fraud, corruption and bribery. The role is also responsible to report and provide assurance that all identified compliance and risk management issues are under control and are being dealt with in an effective manner.
The role holder supports the Financial Crime Risk management framework, to be delivered as follows:
•Responsible for establishing, maintaining and enhancing as needed appropriate FCR monitoring and testing procedures.
•Assist in planning and independently conducting themed reviews covering multiple countries using to ensure that requisite money laundering, terrorist financing, sanctions, and other financial crime prevention/detection controls are in place.
•Present review results to senior management.
•Initiate and complete ad hoc/other FCR compliance projects as required.
•Follow up and validate sustainable resolution of identified issues on a timely basis.
•Communicate intended reviews and review results to key business stakeholders.
Monitoring reviews and testing of FCR related programs include but are not limited to:
•New client take-on and customer due diligence end to end process.
•Transaction surveillance (onshore and offshore)
•Sanctions/embargo (onshore and offshore)
•Fraud, Corruption, Bribery
•Sound knowledge of applicable Laws and Regulations and the ability to interpret and apply them to actual situations.
•Ability to understand business strategies, processes and regulations effectively and quickly. Remain alert to the changing nature of risk. Demonstrates these skills through thoughtful analysis of business processes, risk assessments and issue identification/communication, as well as effective risk identification resulting from monitoring reviews and test work performed
•Takes ownership of projects and other work assignments and ensures these are carried out correctly and in a timely manner.
•Adds value through thoughtful analysis of current issues and effective communication with business managers both in person and in writing. Uses appropriate judgment with regard to issue priority and communication.
•Creates an atmosphere for open dialogue and adapts communication style appropriately for the needs of the audience.
•Exhibits ability to identify problems and come to a coherent conclusion or resolution and is able to execute on that solution.
•Exhibits the ability to adapt thinking and behavior to suit the requirements of the situation or a person. Is able to change or easily accept changes to one’s own Company or job requirements. And is able to see value of alternative view in different situations.