Manager, Financial Crime Surveillance

Manager, Financial Crime Surveillance & Operations -(2200019254)

Job
:Compliance

Primary Location
:Asia-India-Chennai

Schedule
:Full-time

Employee Status
:Permanent

Posting Date
:12/Aug/2022, 8:01:02 AM

Unposting Date
:11/Sep/2022, 6:59:00 PM Role Responsibilities

Processes
• Manage and/or resolve alerts/cases.
• Follow the Screening DOI to process risk events in line with Assess, Analyse, Act (AAA) process.
• Do further analysis and escalations using knowledge about complex products
• Implement/roll-out Group and FCC processes/DOIs.
• Maintain and recommend (for approval by the relevant Risk Committee), appropriate processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.

Risk Management
• Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
• Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Analyse significant financial crime risk events (e.g., non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions.
• Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.

Governance
• Track significant issues arising from FCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• Propose control improvements, enhancements and simplifications where appropriate.
• Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
• Periodic reporting and timely escalation of significant risks and issues arising from FCC Monitoring and Assurance activities.
• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
• Ensure tracking and remediation of surveillance and investigations related regulatory findings.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
• Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
• Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC