Global Financial Crimes Compliance Job Description
Global financial crimes compliance
provides high-level overviews of current trends related to BSA/AML departmental risks and the operational status of current BSA/AML and OFAC/sanctions related processes.
Global Financial Crimes Compliance Duties & Responsibilities
To write an effective global financial crimes compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included global financial crimes compliance job description templates that you can modify and use.
Sample responsibilities for this position include:
Manage the APAC Sanctions Escalation team, who are responsible for performing research on transactions stopped on the firm’s sanctions screening systems to establish if any true matches to sanctioned entities
To adhere to regular controls and procedures to ensure that a zero-tolerance environment for sanctions breaches is maintained
To investigate and resolve problems associated with the adherence to OFAC and other sanctions programs in a timely and customer focused manner
To develop a good working knowledge of HMT, EU, OFAC and other sanctions programs in order to support ad hoc queries raised by business partners and their customers
To support the review of production transactions across the various CIB businesses which are escalated to Compliance daily as suspect items against OFAC, HMT, EU or other sanctions programs
To support the review of production transactions across the various CIB businesses which are escalated to Compliance daily as suspect items against OFAC, HM Treasury, EU or other sanctions programs
To develop a good working knowledge of HM Treasury, EU, OFAC and other sanctions programs in order to support ad hoc queries raised by CIB business partners and their customers
Represent GFCC on behalf of GIM via membership in various EMEA Governance, AML and Risk committees, sub-committees, board meetings, working Groups
Investigate matters escalated by other filtering areas to arrive at final determination as to whether an item may be a positive match to an economic sanctions / OFAC target
Research, analyze and provide recommended remediation efforts for clients that present AML and/or reputational risk
Global Financial Crimes Compliance Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Global Financial Crimes Compliance
List any licenses or certifications required by the position: ACAMS, AML, OFAC, PMP, KYC, LOB, CAMS, CFE, ACFE, FSFM
Education for Global Financial Crimes Compliance
Typically a job would require a certain level of education.
Employers hiring for the global financial crimes compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Sound, Business, MBA, Management, Finance, Conducting, Accounting, Law, Legal, Business/Management
Skills for Global Financial Crimes Compliance
Desired skills for global financial crimes compliance include:
US OFAC and Asia sanctions requirements with experience in sanctions review as a strong advantage
AML
BSA
Financial crimes compliance laws and regulations
Sanctions
AML/KYC
Banking industry
US OFAC and Asia sanctions requirements
BSA/AML
OFAC/Sanctions and other AML regulatory requirements
Desired experience for global financial crimes compliance includes:
To provide regular metrics to senior management and colleagues in other Compliance teams globally as required
To undertake specialised training/education of all staff in job functions/procedures relating to the unit when required
To undertake reviews of unit processes and recommend/implement improvements where practical
To work on small projects as sole contributor or member of a wider project team, representing Compliance and providing added value as required
To keep procedures up to date
To identify opportunities to promote greater efficiencies within the process
Global Financial Crimes Compliance Examples
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Global Financial Crimes Compliance Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of global financial crimes compliance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for global financial crimes compliance
- Provide AML Subject Matter Expertise (“SME”) to the LOB including the front office, onboarding/operations, and technology as relates to customers, transactions, New Business Initiatives
- Perform AML risk assessments of KYCs
- Provide AML Subject Matter Expertise (“SME”) on applicable Swiss laws and regulations
- Updating LOB procedures communicating to the LOB any changes to the KYC Standards and Sanctions Standards
- Provide guidance on, and assist in drafting certain policies and procedures targeted process flows
- Lead review of findings from compliance assurance reviews, compliance testing, and other internal reviews to identify trends, patterns or sanctioned related themes
- Assist in coordinating and managing reviews for the Effectiveness Review Team, Testing and Monitoring Team, and the Systems & Technology Review Team
- Manage and coach Investigator quality within the team
- Identify and escalate control issues to ensure continuity across Commercial Banking
- Interface with bankers, regional partners and cross line of business GFCC and provide guidance and support related to client specific issues and KYC requirements
Qualifications for global financial crimes compliance
- Experience of relevant Compliance testing experience or other related experience such as risk management, audit, or similar control-related experience / Knowledge of wholesale and consumer banking businesses and related products including investment management, treasury services, and correspondent banking businesses
- Fluent speaking and writing abilities in English is a must
- Prior experience overseeing sanction screening technology implementation and enhancement is strongly preferred
- Have a strong knowledge of the securities regulatory environment including familiarity with various regulatory authorities (e.g., Office of the Comptroller of the Currency, Federal Reserve, OFAC, Financial Crimes Enforcement Network, Financial Conduct Authority)
- Have the initiative to find information to substantiate an opinion
- As required, in accordance with a schedule, provide coverage on some public holidays
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Global Financial Crimes Compliance Job Description
Job Description Example
Our company is hiring for a global financial crimes compliance. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for global financial crimes compliance
- Support the business through control forums, regulatory exams, GFCC testing and internal audits
- Develop, implement and maintain procedures and job aides within a multi-national organization
- Support general Compliance activities and other responsibilities, including special projects, training, and ad-hoc reporting, as assigned
- Provide guidance to the line of business in drafting relevant policies and procedures
- Stay abreast of industry trends and be able to anticipate areas of focus and attention of regulators, keeping business management and Compliance colleagues informed
- Effective use of resources to efficiently to reach goals
- Collaborates with FIU Investigators to manage the loading, retrieving, compiling, and formatting of large volumes of data for complex cases
- Develops strategies for data analysis pertaining to high risk money laundering typologies or terrorist financing methods in order to produce intelligence packets
- Coordinates the FIU’s data architecture requirements and develops requirements that support the group’s intelligence gathering and reporting capabilities
- Consults with FIU investigators on reporting needs and develops intelligence illustrations showing complex structures and/or networks for presentations
Qualifications for global financial crimes compliance
- Experience in using databases such as World Check, Lexis Nexis, Factiva
- Years of knowledge of SAS
- Naturally curious, willingness to explore different ways to review and analyze data and information
- Advance knowledge Microsoft Office applications incl
- Candidate must be able to come up with an idea, plan a course of action, execute the plan in a reasonable amount of time, and deliver results in a thorough and organized presentation
- Understand, document, and verify all findings
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Global Financial Crimes Compliance Job Description
Job Description Example
Our innovative and growing company is hiring for a global financial crimes compliance. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for global financial crimes compliance
- Assist in implementation of Financial Crime and Sanctions Compliance Testing and Financial Crime Training program with focus on local AML/CFT requirements
- Execute and document properly designed AML/Sanctions technical improvements and compliance tests
- Assist on the execution of local AML/CFT training program, including development and updating of training materials, maintaining training records, follow-up completion
- Assists with guidance on designing, setting, and documenting investigative scope that appropriately address the risks globally
- Identifies potential risks and control issues, determines the root cause of issues and escalates when appropriate on corrective actions
- Designs, creates, and delivers work summaries and presentations appropriate for the intended audience which can include senior management within Compliance and the business
- Establishes collaborative working relationships with GFCC team members globally and executes processes to deliver standard reports within agreed upon SLA commitments
- Assisting in the day to day management of the Global Anti-Corruption policies and guidelines
- Assisting with the implementation and maintenance of aspects of Global Anti-Corruption policies and guidelines
- Serving as the subject matter expert for Global Anti-Corruption matters
Qualifications for global financial crimes compliance
- Work with the technology partners to create SQL scripting as needed
- Years experience or knowledge of SAS
- Proven track record of successfully managing reporting and advanced analytics initiatives which includes Machine Learning, Artificial Intelligence and Cognitive Computing
- Strong experience working with big data technologies (Hadoop, Spark, ), advanced analytical platforms, graph/document/columnar/RDBMS/no-SQL databases, large data warehouses, reporting platforms/tools for enabling end user self-service reporting capabilities (Tableau, MicroStrategy)
- Ability to lead to business and data analysts
- Previous success in managing teams that perform complex analysis and investigations in a proactive manner within unstructured data populations
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Global Financial Crimes Compliance Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of global financial crimes compliance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for global financial crimes compliance
- Assisting with the coordination and supporting the Anti-Corruption training and communication plans
- Participating in key projects within Global Anti-Corruption compliance, including the completion of project documentation as needed
- Supporting enterprise Anti-Corruption due diligence, compliance monitoring and testing and reporting processes as needed
- Supporting the resolution of Anti-Corruption related issues, enhancements to the compliance framework, and the review of business activities as appropriate
- Analysing and reviewing data and reports as needed
- Analysing entities for government ownership as needed
- Overseeing Investigations within the FIU
- Provide strategic and operational leadership of complex, large-scale, high-risk cases involving White Collar Crimes, with its investigations of potentially suspicious criminal activity
- Ensuring adherence to legal and regulatory standards internal quality requirements for SAR filings
- Providing guidance on how to conduct and document SAR-related investigations
Qualifications for global financial crimes compliance
- Bachelor degree or equivalent experience required, J.D
- Must be able to prioritize multiple tasks, work under pressure and meet tight deadlines
- Good working knowledge of Joint Anti-Money Laundering Steering Group guidance notes, the 4th Anti-Money Laundering Directive, the FCA Handbook, EU regulations and US requirements
- Position must be able to work effectively as part of a team to drive projects and deliverables
- Degree level education (or equivalent) is required
- Experience and knowledge of Asset Management products and business would be an advantage
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Global Financial Crimes Compliance Job Description
Job Description Example
Our growing company is looking for a global financial crimes compliance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for global financial crimes compliance
- Sharing responsibility for other SAR-related functions, including setting standards for suspicious activity filings globally
- Escalation of unusual activity and present cases to the Money Laundering Reporting Officer and Head of GFCC applicable governance forums
- Documenting compliance practices specific to the LOB with established governance committees
- Participating in regular governance forums with the LOB and the corporate compliance team
- Work with global and regional compliance teams to develop proactive solutions to issues
- Positively and creatively influence changes within the department and coordinate critical department and team initiatives
- Understand the Firm’s high-level products and customers in Investment Banking/AWM and how they transact
- Identify and develop solutions to capitalize upon monitoring opportunities
- Communicate monitoring strategy to senior stakeholders
- Communicate deliverables and requirements in a clear and concise manner
Qualifications for global financial crimes compliance
- Minimum of 3 years relevant experience in Compliance, Risk Management or Business Operations
- Experience working in a large, complex multi-national organization is a plus
- Minimum of 7 years relevant experience working with or in a Compliance, Risk Management, Regulatory, Legal, or Audit role
- Excellent written and oral communication skills with the ability to present complex information to senior management
- Strong communication skills - the successful candidate will be required to communicate clearly various groups across the firm (verbal & written)
- Strong control and operational risk mindset