ABC seeks to recruit a FCC Advisor in the Group Compliance Department. The FCC Advisor will be responsible for providing expert guidance and advisory support to the Bank ABC Management, Units and Business functions on financial crime topics, and ensuring adherence to regulatory standards, and industry best practice, while being proportional to Bank ABC financial crime risk exposure, business lines and volumes. In addition, proactively addressing different financial crime risk, through identifying, preventing, and mitigating financial crime risk such as money laundering, and terrorist financing. In addition, the job holder is expected to contribute to the overall Group FCC Framework, PSPs and related documentation and internal guidance, through research, analysis and the implementation of relevant and evolving industry best practice, and regulatory expectations. Responsibilities of the role: Reporting to the Head of FCC Advisory, the job holder will be required to:
Act as a Sanctions and/or AML Subject Matter Expert.
Support the Group Head of Financial Crime Compliance by the analysis of Financial Crime risk and recommendation of mitigation measures.
Advise and support the Business and Support teams, on Financial Crime risk, by recommending sound risk-based mitigation measures, and providing guidance on business relationships and transactions.
Monitor regulatory and industry developments to ensure that the Group Financial Crime Compliance framework is up to date and reflects significant changes and developments.
Serve as point of contact (SPOC) for allocated business units and entities, on Financial Crime related matters
Act as a Sanctions and/or AML Subject Matter Expert.
Support the Group Head of Financial Crime Compliance by the analysis of Financial Crime risk and recommendation of mitigation measures.
Advise and support the Business and Support teams, on Financial Crime risk, by recommending sound risk-based mitigation measures, and providing guidance on business relationships and transactions.
Monitor regulatory and industry developments to ensure that the Group Financial Crime Compliance framework is up to date and reflects significant changes and developments.
Serve as point of contact (SPOC) for allocated business units and entities, on Financial Crime related matters.
Evaluate and advise on the effectiveness of existing controls and recommend enhancements to mitigate financial crime risk.
Support the implementation of the EWRA (Enterprise-wide Risk Assessment on ML/TF and Sanctions).
Support the development and maintenance of a state-of-the-art Financial Crime risk assessment and the relevant reporting.
Work closely with Group FIU on business relationships being investigated and escalate where required.
Support the design and delivery of Financial Crime Compliance trainings.
Develop and maintain Financial Crime Compliance periodic reporting packs and MIs.
Develop and maintain the Group Financial Crime Compliance PSPs at Group level and supervise the implementation at unit level.
Facilitate the reporting and development of Key Risk Indicators for the Financial Crime Compliance Advisory function. E.g., In means of a KRI dashboard.
Proactively review processes and activities to identify areas of improvement to contribute to the overall efficiency and effectiveness of the control environment.
Leverage data and trend analysis provided by the FIU to identify potential gaps in the group’s compliance control environment and provided recommendations for enhancement.
Participate in special investigations, where and when assigned.
Evaluate and optimize existing processes and controls related to AML and CTF to streamline operational efficiencies, while ensuring compliance standards remain unhindered.
Coordinate and work closely with FCC Technology advisors to guarantee that system setup and calibration aligns with our Financial Crime Compliance advisory.
Areas of Knowledge, Qualification and Experience
5+ years with a financial institution, with specialty in a similar role.
Bachelor’s degree in business management, economics, risk management, or a related field, and/or equivalent experience
Strong background on AML/TF/Sanctions regulations and topics.
Strong analytical, research and investigative skills.
Sound understanding of FCC risk.
Awareness of different and relevant Compliance guidance and standards.
