Financial Crimes Compliance Job Description
Financial crimes compliance
provides direction, clarity and guidance to staff regarding AML, fraud and sanctions compliance activities, issues, laws and regulations.
Financial Crimes Compliance Duties & Responsibilities
To write an effective financial crimes compliance job description, begin by listing detailed duties, responsibilities and expectations. We have included financial crimes compliance job description templates that you can modify and use.
Sample responsibilities for this position include:
Provide high-level overviews of current trends related to BSA/AML departmental risks and the operational status of current BSA/AML and OFAC/sanctions related processes
Day-to-day administration of the AML program including compliance under Hong Kong AML laws and regulations implementing any updates/changes as necessary
Provide AML expertise and guidance to account opening teams regarding issues of concerns related to the firm's AML Policies & Procedures
Plan, perform, and lead BSA / AML Compliance audits at the enterprise level other diverse lines of business and specialty areas
Manage internal audit staff responsible for BSA / AML audit functions other diverse lines of business and specialty areas
Assist in the firm’s AML training needs assessment process and development of an annual training plan that identifies and tracks targeted AML training completion
Use a high level of professional knowledge, experience and analytical criteria to identify BSA/AML/OFAC training opportunities to reduce compliance risk and ensures that proper controls, procedures, processes are being observed
Escalate significant financial crime related items to America's Financial Crime Director including AML, Economic Sanctions & Bribery concerns
Interact with business teams to resolve AML Compliance related issues
Work with AML Director to perform investigations of potential suspicions activity
Financial Crimes Compliance Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Financial Crimes Compliance
List any licenses or certifications required by the position: CAMS, ACAMS, CFE, AML, KYC, OFAC, ACFE, PMP, FSFM, LOB
Education for Financial Crimes Compliance
Typically a job would require a certain level of education.
Employers hiring for the financial crimes compliance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Finance, Accounting, MBA, Sound, Economics, Law, Management, Education, Graduate
Skills for Financial Crimes Compliance
Desired skills for financial crimes compliance include:
Regulations
Financial services
Risk assessment
Applicable laws
Risk/Compliance/Audit competencies
AML
US OFAC and Asia sanctions requirements with experience in sanctions review as a strong advantage
BSA
Financial crimes compliance laws and regulations
Products
Desired experience for financial crimes compliance includes:
Knowledge of banking / payment processing, especially familiarity with SWIFT and other payment message structures required
Interest in subject matter and background knowledge in world political and economic events as it impacts foreign policy objectives useful
Relevant experience of Compliance activities particularly in relation to AML/ Sanctions required
Review and approve High Risk accounts ensuring compliance with all appropriate firm policies and procedures
Coordinating efforts with internal stakeholders as appropriate (Governance Risk and Control, Operational Risk, Compliance)
Identifying potential concerns and control issues determine the root cause of issues and ensuring stakeholders develop and implement appropriate corrective actions
Financial Crimes Compliance Examples
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Financial Crimes Compliance Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of financial crimes compliance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial crimes compliance
- Managing global risk assessment regional responses - engaging with LoB representatives and ensuring consistency
- Enhance the enterprise-wide AML training program by partnering closely with business units and internal departments to develop tailored, specialized and appropriate materials
- Regulatory Analysis, Market Engagement & Change Management
- Financial Crime Risk
- Regulatory Exam/Audit Engagement & Strategy
- Governance & Management Information
- Manage UK Financial Crime focused FCA regulatory exams or Thematic Reviews
- Manage EMEA GFCC interface and particpation in relevant Committees
- GFCC Management Information strategy, coordination, collation and oversight
- Business/Product Financial Crime Reviews - developing framework and approach
Qualifications for financial crimes compliance
- Completes internal testing of department documentation and research for data integrity, consistency in work product and adherence to Company policies and procedures
- Candidate must have strong research skills, advanced skills in various Microsoft applications such as Word, Excel, and PowerPoint
- The job holder will report to the Head of FCC & RC GBM and will have accountability for ongoing FCC activities within GBM Canada Compliance
- At least seven (7) years of substantive financial crimes compliance experience in a financial institution or government position is preferred
- A bachelor's degree or equivalent from an accredited university is required
- Juris doctorate or graduate degree or equivalent is desirable
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Financial Crimes Compliance Job Description
Job Description Example
Our growing company is looking for a financial crimes compliance. 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 compliance
- Understanding EMEA country specific risk assessment requirements, influencing design and response - ensure link back to and consistency with global assessments
- NBIA (+ article XI) coordination and subject matter expertise
- Primary interface role with GFCC Oversight & Control function
- Review and analyze compliance monitoring reports and other related source documents for suspicious/unusual patterns of activity
- Experienced in delivering effective, engaging internal communications
- Ensures EFCC project plans are developed, aligned to the EFCC strategy and executed within established timelines
- Provides leadership for EFCC projects and milestones supporting the EFCC maturity model toward continuous improvement
- Leads cross-functional project teams to deliver efficient and effective solutions to Business Line partners and / or internal EFCC functions
- Being assigned to an Investigative Team as an Investigator, , a Reviewer and/or Manager (50%)
- Facilitating interaction between non-UK EMEA Financial Crimes officers and centralised Financial Crimes functions (including in respect of regulatory initiatives, internal and external audits, and other enhancement activities training, policies and procedures, screening and monitoring)
Qualifications for financial crimes compliance
- Certification in a professional association such as the Association of Certified Anti-Money Laundering Specialists (CAMS) is preferred
- Background in Corporate Banking, Treasury Services, Markets is preferred
- Basic knowledge of proceeds of crime legislation associated AML regulation and guidance and STR filing (consent and intelligence) processes
- Knowledge of US OFAC and Japan sanctions requirements
- A Bachelor’s degree or equivalent experience with a major or minor in Computer Science or related Strong written and verbal communication and problem solving skills
- Strong communication and partnering skills for working with both Technology Operations
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Financial Crimes Compliance Job Description
Job Description Example
Our company is growing rapidly and is looking to fill the role of financial crimes compliance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for financial crimes compliance
- Assist in the development, implementation and maintenance of the AML Program framework, operating model, and supporting policies and procedures
- Maintain awareness of the current regulatory environment and stay up-to-date with emerging regulatory requirements and guidance to be able to interpret and advise on relevant lase and industry best practices pertaining to AML and sanctions
- Assist in the development for and deliver specialized training to relevant internal resources concerning AML and sanctions
- Creates effective (clear, concise, relevant) communication for project stakeholders
- Maintain the associated policy and procedures in a manner consistent with regulatory requirements, industry standards and law enforcement recommendations
- Review, summarize, and analyze financial crimes-related metrics and data and develop enhanced solutions for reporting, while taking regulatory requirements into account
- Regularly prepare Microsoft Power Point presentations
- Close collaboration with compliance partners
- Enhance the Financial Crimes Compliance department’s program by identifying data and metrics that may better inform business processes and risks
- Design, develop, facilitate, and coordinate employee training and education for Schwab employees
Qualifications for financial crimes compliance
- 1+ year of experience in BSA, US PATRIOT Act, and Office of Foreign Assets Control (OFAC) requirements
- At least 1 year of experience in auditing, at least 1 year of experience in accounting, at least 1 year of experience in financial analysis, at least 1 year of experience in compliance or a combination
- 3+ years of experience in auditing, 3+ years of experience in accounting, 3+ years of experience in financial analysis, 3+ years of experience in compliance or a combination
- Three to five years project management experience
- Ability to work in a collaborative environment, independently
- The position must be able to work effectively as part of a team to drive projects and deliverables
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Financial Crimes Compliance Job Description
Job Description Example
Our growing company is looking to fill the role of financial crimes compliance. 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 compliance
- Work with 3rd party vendors and the Bank’s various internal information technology teams as appropriate to determine and resolve problems in support of the Bank’s AML program efforts
- Work as a member of a team to ensure operational readiness of applications and processes required to conduct AML program requirements
- Responsible for coordinating and/or facilitating classroom and web-based training as needed on financial crimes compliance content in conjunction with other Subject Matter Experts (SME)
- Monitor training initiatives, recommending improvements of delivered programs to ensure effectiveness
- Assist in the execution of the annual regulatory compliance training in conjunction with Compliance Department partners
- Design and develop Best Practice guidelines for the expansion of training for standardization
- Querying and mining large data sets to discover transaction patterns, examine financial data and filter for targeted information using traditional predictive/advanced analytic methodologies
- Collect and interpret data to produce reports
- Coordinates meetings with variety of levels of management & external regulatory services
- Arranges speaking engagements & conference attendance
Qualifications for financial crimes compliance
- Exceptional analytical, organizational and planning skills required
- Extensive knowledge of AML TM risks and controls, including leading practices for automated transaction monitoring scenario/model optimization, coverage assessment and technology solutions
- Extensive knowledge of AML regulations and risk identification capabilities is required
- Experience with Anti-Money Laundering (AML) and Sanctions
- Experience supporting initiatives in a large, complex, highly-regulated financial institution
- Enterprise data management software market
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Financial Crimes Compliance Job Description
Job Description Example
Our company is hiring for a financial crimes compliance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for financial crimes compliance
- Help identify and coordinate with cross-functional resources required to formulate and implement viable business solutions to support the Bank’s AML efforts
- Work with internal partners to develop monitoring to ensure reliable, stable and highly available AML platform and operational program
- General understanding of complex correspondent banking/payment services organizations with multiple financial products
- General knowledge in AML Compliance, general and/or risk based compliance
- AML investigation experience related to international payments, including payments to/from financial institutions
- Create expense reports with variety of global currencies
- Provides local floor support such as preparing for new hires
- Frequently uses personal computer software packages for word processing, graphics, spread sheets, Specific job duties vary by area
- Act as a leader and role model
- New Business Initiative Approval, coordination and subject matter expertise
Qualifications for financial crimes compliance
- Detailed understanding of Data Quality and ETL processes
- Desire to become technically strong in all products within our FCC Solutions Portfolio and become familiar with our Digital Commerce Solutions offerings
- 8+ years of experience in project management, audit, regulatory examinations, and/or issue management
- Ideal candidates will exhibit investigative, research intensive, and/or heavy writing skills while meeting of the following qualification
- Flexible and adaptable in handling change while understanding how that change will impact the team business line partners
- Bachelor’s degree or higher in Computer Science, Engineering, Mathematics, or a related discipline from an accredited university