Financial Crimes Job Description
Financial crimes
provides guidance to and maintain compliance with audit methodology, while also operating within industry best practices, applicable regulations, and internal and external professional practice expectations.
Financial Crimes Duties & Responsibilities
To write an effective financial crimes job description, begin by listing detailed duties, responsibilities and expectations. We have included financial crimes job description templates that you can modify and use.
Sample responsibilities for this position include:
Responsible for the completion of the GFCID-led Global OFAC Risk Assessment process for the BTMU US offices Oversee the review of findings/alerts arising out of obligations under USA PATRIOT Act section 311 confirm that processes and databases used to track PEPs, foreign bank certifications and Wolfsberg questionnaires have been updated/managed/reconciled
Manage the development of AML Program documentation related to program enhancements, revisions, updating policies and procedures and field communications
Review findings/alerts arising out of obligations under USA PATRIOT Act section 311 and 314( a)
Accountable for designing controls to manage fraud risks, including cybercrime (with the exception of purely technical controls) AML risks including customer and transaction monitoring
Assist with other areas of the AML ISG Program (e.g., Foreign Bank Certification reviews, OFAC/Sanctions analysis, periodic reviews, special projects, trade surveillance inquiries)
Assist with compliance with USA PATRIOT Act requirements (e.g., CIP, Foreign Bank Certification, Section 312) relating to certain of the Banks’ business sectors
Monitor Financial Crimes industry developments, including red flags and best practices and ensure processes are in place to keep the FIU team updated on such developments
Conduct internal and external investigations of money laundering and other financial crimes both independently and in collaboration with other internal stakeholders and outside counsel
Partner with Project Management Offices, Operations and Technology teams to support firm-wide initiatives
Coordinate with Technology partners to ensure proper implementation of systems and/or processes
Financial Crimes Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Crimes
List any licenses or certifications required by the position: CAMS, CPA, CFE, CIA, ACAMS, CFCS, IIA, AML, CFSA, PMP
Education for Financial Crimes
Typically a job would require a certain level of education.
Employers hiring for the financial crimes job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Collage Degree in Business, Finance, Education, Criminal Justice, Economics, Business/Administration, Statistics, Accounting, Computer Science, Management
Skills for Financial Crimes
Desired skills for financial crimes include:
Bank systems
Regulations
Financial services
Risk/Compliance/Audit competencies
Risk assessment
Applicable laws
Audit methodology
Sanctions compliance laws and regulations
USA PATRIOT Act
AML
Desired experience for financial crimes includes:
Relevant project life cycle experience
Experience with Actimize Enterprise Risk Case Manager highly desired, but not required
Experience querying large relational databases (SQL Server & DB2) highly desired, but not required
7+ years of experience with managing multiple concurrent projects across multiple teams, dozens of resources, and/or $10MM+ yearly delivery budget
3 + years experience using project management software such as Clarity, XPlanner, VersionOne, Microsoft Project
Demonstrated ability to drive tasks until objectives and dates are met
Financial Crimes Examples
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Financial Crimes Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of financial crimes. 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 financial crimes
- Communicate changes to the enterprise-wide AML & FCM risk assessment and QA processes, as necessary, to AML Officers and FCM Liaisons to the broader field as necessary
- Coordinate with AML & FCM functional and risk owners to identify organizational changes which would impact the enterprise-wide risk assessment and/or QA processes
- Lead a small team of Analysts and Senior Analysts with responsibilities for administering enterprise-wide AML & FCM risk assessments and QA reviews ad hoc risk assessments and control effectiveness evaluations following changes to the organization or regulatory environment
- Drive broad and complex projects involving stakeholders across AML & FCM functions business, technology and other partners to ensure timely deliverables, status updates and escalation of road blocks to key milestones/ objectives
- Coordinate with Enterprise Risk Management to design, implement and enhance a Governance, Risk and Compliance (GRC) tool for the purpose of documenting and monitoring the organization’s AML & FCM risk exposure and controls effectiveness enterprise-wide
- Act as primary advisory contact and liaison for AML Officers & FCM Liaisons with a particular focus on understanding risk exposure implementing new and evolving controls
- Provide guidance, expertise, and challenge on financial crimes matters to supported business units
- Provide support to Financial Crimes Compliance Group during internal audits and regulatory exams
- Participate in audits of business units
- Perform audit tasks of moderate difficulty, demonstrating a degree of audit expertise consistent with experience level
Qualifications for financial crimes
- Experience querying large relational databases (SQL Server & DB2) highlydesired
- At least 10 years writing and editing experience, or five years editing experience, at a major newspaper or wire service is preferred, as is a proven ability to distill complex information into articles and narratives that are engaging, clear and fair
- The ideal candidate will have experience with investigative reporting, understanding of financial markets and the law-enforcement agencies, courts and regulators that oversee them
- Role may function as an individual contributor
- Strong analytical skills and ability to use data/metrics create new means of testing risks in the organization
- Candidate must demonstrate a combination of leadership, business acumen, analysis skills, strategic and creative thinking, and satisfactory written and oral communications skills
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Financial Crimes Job Description
Job Description Example
Our company is searching for experienced candidates for the position of financial crimes. 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 financial crimes
- Developing and maintaining internal tools, training and best practices
- Developing prototypes/demos to support software salesQualifications
- Actively participate in Screening Working Group and GFC Monitoring Committee
- QA reviews of due diligence items including QA of customer onboarding and select periodic review activities such as Enhanced Due Diligence and Customer Activity Review
- Analyze and review alert closure codes / comments by analyst and due diligence findings, conclusions and corrective action to ensure Firm quality review standards are met
- Formally track and report QA results to coverage areas and work to standardize QA process (e.g., sampling) for all coverage areas
- Identify and coordinate training needs, policy/procedure revisions, standardize alert / due diligence review process and other needs identified during the QA process with the QA Managers and the Global Policies, Procedures and Training Head
- Perform QA for "below the line" testing of Transaction Monitoring System scenarios, alert scoring engine, other model output as applicable, for other non-BAU alerts
- Support the GFC Monitoring Committee by preparing pre-reads, taking minutes
- Be responsible for QA reviews of due diligence items including QA of customer onboarding and select periodic review activities such as Enhanced Due Diligence and Customer Activity Review
Qualifications for financial crimes
- Develop project documentation including communications to impacted teams, procedure updates, training materials
- Web technologies and exposure to financial crimes preferred
- 10+ years’ experience with Java, Tomcat, Apache, Websphere, HIS, Spring, Spring Batch, JPA, JMS, Vaadin, Multi-threading, Linux, Autosys, Unix Shell Scripts, Windows Scripting and working knowledge of Oracle
- Thorough understanding of software development methodology and project deliverables documentation
- Able to lead customer design meetings with senior management and end users
- Experience working with regulated financial organizations is a plus
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Financial Crimes Job Description
Job Description Example
Our innovative and growing company is looking for a financial crimes. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial crimes
- Oversight and guidance to the business for self-identified issues, the management of issues identified by the second and third lines of defense
- Issues management (milestone development and monitoring progress of issue completion)
- Issue validation and issue reporting
- Monitor and track milestones for Policy implementation
- Gather data to support Enterprise Financial Crimes Control (EFCC) risk assessments
- Develop executive reporting for monthly reporting routines
- Review business line procedures and recommend enhancements to process, procedures and controls
- Build effective working relationships with key stakeholders including auditors, business line leaders, senior and executive management, and EFCC partners
- Perform ad hoc analysis/reporting and participate in regulatory initiatives, research or special projects as assigned by management
- Manage the execution of reviews and review work product completed by more junior members of the team
Qualifications for financial crimes
- Previous experience with AML/BSA business systems (e.g., LexisNexis Bridger, Actimize, Hogan)
- Develop project documentation including project plans, communications to impacted teams, procedure updates, training materials
- 5+ years of experience in BSA, US PATRIOT Act, and Office of Foreign Assets Control (OFAC) requirements
- Minimum of 6 or more years experience with activities, tasks, practices and deliverables for assessing and documenting business opportunities, benefits, risks, and success factors of potential applications
- IT environment, OFAC, AML
- A College or University degree and/or at least 5 years of relevant work experience is preferred
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Financial Crimes Job Description
Job Description Example
Our company is looking for a financial crimes. 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 financial crimes
- Conduct online research for information and articles related to money laundering, terrorist financing, fraud and other financial crime, the Bank Secrecy Act (“BSA”), the USA Patriot Act and OFAC-related issues
- Assist with maintaining detailed log of USA PATRIOT Act Section 314(b) information sharing inquiries and requests
- Assist with coordinating compliance with the information sharing provisions of Section 314(a) of the USA PATRIOT Act
- Previous experience in AML, KYC, and Investigations are a benefit
- Coordinate with key stakeholders to identify issues/enhancements, remediation plans and monitor remediation plans to completion
- Leading and providing professional guidance to a team of approximately 35 people, located in multiple locations in the United States
- Prepares documentation for regulatory agencies internal audit and testing teams
- Develop, edit & distribute presentations for senior management & regulatory meetings
- Travel arrangements (Domestic & International)
- Facilitate executive approvals
Qualifications for financial crimes
- Experienced in the use of their party reference data D&B, PEP
- Clear communication of the difference between regulatory requirements, industry standards and business risk decisions
- Demonstrated familiarity/competency in using transaction monitoring software, screening applications, and various AML Investigative tools
- Minimum 7 years of experience with a major Systems Integrator or Financial Institution
- Adaptable and flexible working style
- Solid understanding of Analytics and Statistical Modeling
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Financial Crimes Job Description
Job Description Example
Our innovative and growing company is hiring for a financial crimes. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for financial crimes
- Maintain SME in Sanctions and AML regulations
- Previous experience in AML, KYC, Investigations
- Participate in development of detailed business requirements and high level design for applicable system enhancements
- Actively participate in Integration System Testing (IST) to ensure that data defined in the requirements is sourced correctly and flowing to the strategic transaction monitoring platform
- Attend key business and technology meetings
- Querying and mining large data sets to discover transaction patterns, examine financial data and filter for targeted information using traditional predictive/advanced analytic methodologies -Analysing trends and patterns in alerts for GFC coverage areas using advanced analytic tools
- Involvement in various phases of the implementation lifecycle including requirements, architecture/design, installation, development, testing and/or training
- Implementing prototypes/demos for use in sales situations and site visits
- Developing and maintaining internal applications, intellectual property and tools
- Apply expertise in of the organization's businesses and leverages this knowledge into a leadership role in teams
Qualifications for financial crimes
- 8 years of experience with a proven track record of sales success, driving revenue through discovering, prospecting, and creating new business
- Experience as a software sales executive
- Knowledge of Microsoft Office and CRM applications, including Word, Excel, Outlook, PowerPoint, and Dynamics
- Experience regarding Know Your Customer and Enhanced Due Diligence matters is advantageous
- Understanding of the business line’s operations, products/services, systems and associated risks and controls
- Considerable (3+) years experience with back office banking operations