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Job Description:
The Global Financial Crimes ("GFC") Manager executes substantive money laundering, economic sanctions, and fraud compliance and operational risk practices relevant to the manager's specific area of responsibility. The GFC Manager is accountable for the requirements of the Global Compliance and Financial Crimes Enterprise Policies, Compliance and Operational Risk Management Program ("CORM Program"), the Global Compliance - Enterprise Policy, the Operational Risk Management – Enterprise Policy (collectively "the Policies"), and the Enterprise Fraud Risk Management Standard. The role works directly or through compliance officers for the Front Line Units ("FLUs") and Control Functions ("CFs") to complete those requirements.
The GFC Manager proactively engages with other Chief Compliance and Operational Risk ("C&OR") officers, including horizontal coverage owners and Enterprise Areas of Coverage ("EAC"), to provide comprehensive oversight of FLU/CF activities. This role develops and maintains a global coverage plan which defines the scope and risk-based focus of the second line's risk management activities. The GFC Manager prepares materials for C&OR regulatory exams/audits/inquiries and may provide consultation to business leaders in preparation for FLU/CF regulatory exams/audits/inquiries. The GFC Manager also contributes as a manager responsible for providing leadership direction to attract, assess, develop, motivate, and retain a team or may act as an individual contributor.
Activities include, but are not limited to:
1. Producing and overseeing independent financial crimes risk management reporting to Global Compliance & Operational Risk ("GC&OR") Senior Leaders and FLU/CF Senior Leaders.
2. Participating in industry forums and monitoring regulatory expectations, emerging legislation, regulation, political scrutiny, litigation, and key influencers to identify and mitigate emerging risks.
3. Identifying regulatory training needs and supporting the development of training curriculum.
4. Advising and directing the development and maintenance of financial crimes owned policies and standards, reviewing relevant FLU/CF-owned policies to ensure regulatory requirements and operational risks are addressed.
5. Monitoring regulatory changes applicable to Global Financial Crimes, advising business leaders on those changes, and directing appropriate areas to implement or amend policies, standards, procedures, and processes.
6. Identifying, reporting, escalating, inspecting, and challenging the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes.
7. Escalating compliance and operational risks and issues to appropriate governance routines and management/board committees.
8. Remediating financial crimes-related issues and control enhancements to ensure timely and appropriate resolution.
9. Developing and maintaining a global financial crimes coverage plan, overseeing execution of monitoring, testing, and risk assessments, and communicating results.
10. Reviewing and challenging the FLU/CF process, risk, control inventory, and Risk & Control Self-Assessment ("RCSA").
11. Reviewing internal and external operational loss events, developing remediation plans, and approving where appropriate.
12. Participating in Scenario Analysis activities and monitoring key risk metrics and control performance.
Additional activities may include partnering in the filing of regulatory reports related to Financial Crimes. This role may have Money Laundering Reporting Officer responsibilities.
Required Skills:
* Minimum of 7 years of business and functional experience.
* Bachelor's degree or equivalent experience.
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