Financial Crime Compliance Specialist
About the Role
We are seeking an experienced Financial Crime Compliance Specialist to join our team. The successful candidate will be responsible for overseeing the market level financial crime programs and ensuring implementation of systems, controls and procedures that are compliant with Enterprise standards, Legal Entity policy, and specific local market requirements.
This role includes, but is not limited to the following responsibilities:
* Oversight and governance support of all financial crime related matters across the region for all American Express products, services and business lines.
* Ensuring that financial crime compliance risks are adequately identified, assessed, monitored, and controlled in accordance with the Enterprise Minimum Standards and documented Framework.
* Support the identification of new multi-market impacting regulation or industry trends, assess the impact this will have on AXP processes, and partner with market compliance teams to set clear expectations on process owners across the 1st and 2nd lines of defence.
* Identify MIS needs for market teams, and utilize to assess market level program performance, with escalations of issues and themes to leaders to assess inclusion to local Boards and senior leaders.
* Support the coordination of all APAC AML legal entity audits and support other relevant internal and external audits and regulatory exams/ad hoc requests in collaboration with team management.
* Monitor and track resolution of issues, gaps and remediation actions arising from internal and external audits, self-assessment processes and incidents in collaboration with team management.
* Support the management of consistent requirements for procedures across the markets and support local market MLRO's in developing their local procedures, and support initiatives to harmonize the delivery of the Financial Crimes Program across the region, where possible.
* Undertake ongoing assessments of financial crime controls within the region by market and/or business and escalating matters of significance to management.
* Providing advice and guidance to markets and business colleagues responsible for developing and implementing market and/or business specific financial crime policies, programs and procedures.
* Deliver testing and other oversight activities, on behalf of the market teams, to give confidence in the effectiveness of the GFCC program at the market level.
* Helping to prioritise competing regional and market and/or business needs to ensure that an effective financial crime program is operational for all markets and businesses.
* Monitoring financial crime regulatory change and assist in implementing such changes within the relevant market and /or business in an effective and timely manner.
* Provide input into the enhancement of appropriate reporting for all elements of the financial crime program and provide reports and regular updates to senior management on the operation and effectiveness of systems and controls.
* Supporting and strengthening the efforts of American Express to assist in the global fight against all aspects of financial crime.
Requirements
To be considered for this role, you must possess:
* A minimum of 3 years' experience in financial crime compliance.
* A high level of knowledge and understanding of financial crime and related regulatory requirements throughout the region.
* Experience in identifying money laundering risks, in particular for credit cards and merchant services amongst others, and developing and implementing financial crime programs and controls to manage identified risks.
* Excellent communication skills and the ability to develop and maintain relationships.
* Strong judgement.
* Self-motivated, energetic team player with proven ability to work effectively across jurisdictions and with all levels of management.
* Ability to manage multiple tasks, take on additional responsibilities, and prioritize work in a deadline-intensive environment.
* Aptitude for analysis, investigation & problem solving.
* Experience of working in a complex matrix organization structure is an advantage.
Benefits
We offer a competitive compensation package including:
* Competitive base salaries
* Bonus incentives
* Support for financial-well-being and retirement
* Comprehensive medical, dental, vision, life insurance, and disability benefits (depending on location)
* Flexible working model with hybrid, onsite or virtual arrangements depending on role and business need
* Generous paid parental leave policies (depending on your location)
* Free access to global on-site wellness centers staffed with nurses and doctors (depending on location)
* Free and confidential counseling support through our Healthy Minds program
* Career development and training opportunities