VP, Financial Crime Systems & Technology VP, Financial Crime Systems & Technology …

Arab Banking Corporation
à Manama, Capital Governorate, Bahrein
CDI, Plein-temps
Dernière candidature, 21 oct. 21
Competitive
Arab Banking Corporation
à Manama, Capital Governorate, Bahrein
CDI, Plein-temps
Dernière candidature, 21 oct. 21
Competitive

Job Purpose:

  • Responsible for the management of the overall procurement, development, integration, modification, operation, maintenance, and retirement of an FCC systems and technology.
  • Maximising effectiveness and efficiency of Financial Crime Systems.
  • Responsible for ensuring that all financial crime systems (e.g. transaction monitoring and Sanctions are correctly implemented and managed on a group wide basis. 

Principal Responsibilities, Accountabilities and Deliverables of Role:

  • Responsible for the management of the overall procurement, development, integration, modification, operation, maintenance, and retirement of an FCC systems and technology.
  • Accountable for the execution and management of FCC system implementation of new or upgrades.
  • Partnering with technology colleagues to establish correct governance over any proposed changes in FCC systems.
  • Responsible for post implementation ongoing FCC system optimization.
  • Participating in industry user groups for best practice benchmarking purposes.
  • Responsible for ongoing data feed reconciliation and assurance.
  • Responsible for performing and/or facilitating periodic regression testing on FCC systems to ensure that all potentially suspicious activity is captured and escalated.
  • Responsible for the review and interpretation of business requirements; and subsequently recommending, managing (and governing) the correct detection scenario library based upon the Bank’s product and service mix, industry benchmarking and relevant FC vulnerabilities identified.
  • Responsible for recommending (and thereafter governing) threshold/matching settings based upon testing results, industry benchmarking, relevant analysis of business practices and potential vulnerabilities. 
  • Collaborating with IT colleagues to establish and maintain a link between FCC systems and first line CDD systems to provide risk based alert prioritisation and a feedback loop to respective MLROs.
  • Collaborating with Operations colleagues to receive feedback on alert quality and build feedback into optimisation process.
  • Maintenance of all documentation relating to system implementation, testing and settings for audits and regulatory inspections.
  • Managing audits and regulatory inspections of FCC systems.
  • Designing and producing management information on FCC system effectiveness for senior management each month
  • Collaborating closely with FCC Risk Analytics to utilise the results of the annual enterprise wide risk assessment or monthly risk metrics in the setup of FCC systems

General

  • Provide timely, practical, value added Financial Crime advice to the business and functional units, including to overseas Compliance teams under policy ownership and/or geographic oversight, where applicable.
  • Support the Bank in development and implementation of the Financial Crime Compliance and FC framework, policies and procedures, in partnership with the Group document owners.
  • Demonstrate proactive identification and management of key regulatory risks and issues in areas under responsibility.
  • Self-identification of compliance related audit issues in areas under responsibility.
  • Acceptable rating for audits on Financial Crime or FC related issues.
  • Closure of outstanding audit issues within stipulated time period or as agreed with Internal Audit.
  • Support and facilitate effective functioning of Unit CFCCs under geography oversight, where applicable.

Committee Responsibilities:

  • Manage and facilitate GFCC System Governance Working Group.
  • Periodic report (as required) to GCOT and GCOC.
  • Regular Report to Financial Crime Enhancement related Committees.

Job Requirements:

Knowledge

  • Knowledge and 5-10 years of experience implementing FC systems (sanctions screening and transaction monitoring)
  • Familiarity with most mainstream screening systems e.g. FIRCO Soft, Oracle
  • Familiarity with mainstream TM systems e.g. Oracle-Mantas, BAE-Detica, Actimize
  • Familiarity with leading validation service providers e.g. Crowe, Protiviti, EY, PwC
  • Knowledge of designing, implementing and validating quantitative models

Education / Certifications

  • Degree educated (or equivalent) in either IT (preferably) or business/commerce
  • ACAMS or ICA qualified preferred but not essential

Experience

  • Relevant banking experience in compliance and/or risk management 
  • Experience in AML and Sanctions - essential
  • Experience of participating in regulatory inspections relating to systems and models
  • Exposure to working at Group level
  • Experience with risk models (customer, country, product and channel) 
  • Experience of conducting FC risk assessments and the underlying methodology

Personal Attributes

  • Good communicator and highly collaborative
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