Director Financial Crime Compliance
Location New York
Consultant Christian Lewis
Date posted June 12, 20187 Times Square New York NY 10036 Robert Walters United States of America
A Leading Global Investment Manger is looking for a Director of Compliance to sit in the Financial Crimes team with a focus on AML.
This is a role that will require the individual to be able to operate across a broad range of financial crime risks, including money laundering and terrorist financing, sanctions, bribery and corruption and fraud, but particular subject matter expertise in US anti-money laundering programs is an advantage. The role of regional head for the Financial Crime team will involve working with a number of compliance generalists in both the United States and countries in which the firm has a significant presence in the Americas region (Canada, Mexico, Colombia, Peru and Brazil), and managing a dedicated team of financial crime specialists in the US. The role is located in New York.
The regional head will report into the Global Head of Financial Crime and will be responsible for delivering, for the region, a financial crime strategy and framework in relation to all four financial crime risks articulated above, which is consistent with the global framework. The region head will be the BSA/AML Officer and will have reporting responsibilities into boards of directors of America’s regulated companies within the firm. The regional head will also report regionally into the firm’s Head of Compliance for the Americas
This role also provides an opportunity for the candidate to shape the ongoing enhancement of the firm’s Financial Crime compliance framework, most notably to support the firm’s expansion into new jurisdictions and products. The role is based in the US but the remit is regional and therefore the successful candidate would have to be prepared to travel in order to fulfil their responsibilities.
- Work closely with the Global Head of Financial Crime in enhancing the global framework in relation to managing the risks of money laundering sanctions, fraud and bribery and corruption (“the four risks”), including assisting in enhancing global and local policy requirements and procedures and ensuring that they are embedded within business areas in the region.
- Coordinate with the Global Risk leads on global compliance risk framework priorities and oversee required regulatory change management processes
- Provide clear technical advice, guidance and training on all four risk areas to members of the business, operations and technology.
- Manage a team of financial crime specialists that support various businesses of America’s subsidiaries of the firm.
- Oversee relevant audits, regulatory visits and examinations regarding the four risks in the US with a supporting role in such audits or examinations across the Americas.
- Oversee the implementation of a broader financial crime monitoring programme for the region and ensure the active identification, response and/or escalation of risks as appropriate.
- Execute governance and management reporting.
- Provide support to the regional Head of Compliance in relation to financial crime matters.
- Prepare and present ad-hoc and regular reports for the Global Head of Financial Crime and, where required, governing and fund boards and senior management.
- Form strong relationships with key individuals within the business, compliance and operations.
- The successful candidate should have 15+ years of experience in Financial Crime Compliance risk management at other financial institutions or consulting firms; experience working as a BSA/AML Officer in asset management firms is a strong advantage but is not essential.
- Considerable knowledge of Financial Crime regulations, financial services, and regulatory trends that impact the Asset Management industry, its products and/or its underlying institutional and corporate client base
- The successful candidate should be experienced in policy and procedure writing and be confident in performing risk assessments and creating a monitoring program.
- A strong understanding of the requirements of a US BSA/AML program, specifically KYC and CIP requirements, and the role of transfer agents, distributors and other third parties is necessary.
- Experience managing or participating in supervisory exams by key financial services regulators such as the OCC, the SEC or the Federal Reserve would be an advantage.
- Proven ability to effectively manage a team and demonstrated organizational skills with an ability to prioritize workloads and adhere to deadlines.
- Excellent communication, judgment and business partnership skills, including working as part of a global team in a fast-paced environment.