Director - Financial Crime Compliance Risk

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

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