Job information:

• Functional title – Director, Financial Crime Compliance Risk
• Department - Risk & Compliance
• Corporate level - Director
• Report to - ED – Financial Crime Compliance
• Location – New York, NY

Job Purpose:

This position is primarily focused on Financial Crime Compliance (inclusive of Anti-Bribery & Anti-Corruption Compliance or “ABAC”) 2nd Line responsibilities within the Risk Division with an emphasis on AML & Sanctions Program Ownership, management and enhancement. The role has responsibility for various activities as a Deputy to the Head of BSA / AML (“BSA Officer”) on a BAU basis and to assist in remediation activities.

Main duties and responsibilities:

Collaborate with the BSA Officer and manage execution of the BSA / AML Program across the Firm.

Strategic

• Assume a process leadership role within Financial Crime Compliance (“FCC”) specific to leading CLS’ BSA/AML Sanctions Program management.  Responsibilities include creating, modifying and implementing frameworks, policies, and controls, including (but not limited to):
• Oversight of 1LoD activities in Operations, Client Engagement, and other areas;
• Management of the FCC Quality Assurance (“QA”) program related to the above;
• Drive the enhancement controls framework for FCC controls, regardless of where they sit within the firm; and
• Interface with Enterprise Data Management on compliance with enhanced regulatory compliance with ML TF & Sanctions model documentation.
• Lead and collaborate with the broader 2LoD FCC team in their coverage areas regarding BAU activities including model results, and process improvement or tuning opportunities.
• Drive execution of the FCC (including ABAC) Compliance Risk Assessment exercise (inclusive of data collection, assessment, socialization, governance).
• Represent FCC across the various stakeholder areas within CLS including working groups and strategic projects within the firm, as well as with Internal Audit and Regulators.
• Identify and execute BSA / AML program and process enhancements (i.e., leveraging data analytics, IT tools, etc.) with a commitment to consistency and successful implementation within the set targets and deadlines.

Operational

• Assist with the oversight of AML & Sanctions compliance program BAU activities including 314(a) searches, alert management and QA, sanctions filter updates, & investigations (which may include execution activities from time to time).
• Develop metrics and analyze BAU data for monitoring and reporting to ORM, Board and other internal stakeholders.
• Identify and implement efficiencies in reporting (e.g. individual customer profile, year-on-year growth of customers by region, for each currency, and grouped by counterparty type, etc.) in support of annual risk assessment and model monitoring and tuning.
• Ensure CLS is meeting AML & Sanctions-related requirements with respect to new products, strategic initiatives, and technology upgrades.
• Support Internal Audit reviews aimed at testing adequacy of BSA / AML program objectives and accompanying controls, policies and procedures.

Person specification

Qualifications (Gained at School or High School / College or University), professional or specialist qualification)

Essential

Desirable

University/ B.A. or B.S. degree

X

Advanced Degree or equivalent work experience in law, business, math or computer science

X

CAMS or other AML / Sanctions designation

X

Experience required (Sector knowledge, specific work/projects, product knowledge)

Minimum 10 years’ experience in (ideally in Anti-Money Laundering, Sanctions, or another Financial Crime Compliance or Risk discipline) at a financial firm or similar institution

X

Technical writing experience in drafting BSA/AML risk assessments, policies and procedures, analysis memos, and Suspicious Activity Reports (written sample is required)

X

Demonstrable BSA / AML risk management experience

X

Advanced proficiency in Microsoft Office packages (Word, Excel and PowerPoint)

X

Proficiency with BSA / AML automated tools (including but not limited to NetReveal, AMT, Surety)

X

Person Profile

·         Ability to lead directly and indirectly with staff representing all disciplines within the firm in order to achieve results

·         Self-starter with the ability to operate in an independent manner and call out challenges and propose solutions

·         Understanding of priorities and adherence of deadlines; ability to work constructively and flexibly across multiple priorities in a small team environment

·         Professional presentation skills, including excellent writing and public speaking capabilities; ability to project a professional demeanour at all times

·         Strong organizational and project management skills

·         Experience leading strategic planning, organization and time management skills

·         High level of attention to detail

·         Ability to interact with, and manage relationships with, senior stakeholders and prudential regulators

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