Global Financial Crimes Job Description

Global Financial Crimes Job Description

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Global financial crimes provides guidance and direction to business and compliance teams on issues related to AML, sanctions, and anti-corruption laws and regulations, including the USA PATRIOT Act, Bank Secrecy Act, OFAC/HMT regulations, U.S.

Global Financial Crimes Duties & Responsibilities

To write an effective global financial crimes job description, begin by listing detailed duties, responsibilities and expectations. We have included global financial crimes job description templates that you can modify and use.

Sample responsibilities for this position include:

Assist in performing global risk based reviews to evaluate effectiveness of existing sanctions compliance reviews, the design and implementation of relevant controls, such as sanctions escalation processes, documentation of policies and procedures, sanctions assessments, related reporting, list screening, regulatory change management, governance framework, and training
Develop and implement a risk based plan to review BTMU branches globally to evaluate effectiveness of existing sanctions compliance reviews, the design and implementation of relevant controls, such as sanctions escalation processes, documentation of policies and procedures, sanctions assessments, related reporting, list screening, regulatory change management, governance framework, and training
Identify areas of the AML program that require enhancements, propose process for mitigating gaps, and work with relevant stakeholders to develop solutions while escalating significant issues to AML Senior Management
Work with AML Group subject matter experts to determine the impact of regulatory changes to ensure the AML Program remains aligned with regulatory requirements
Review and offer guidance for AML Program documentation provided by other teams that impact AML processes
Take lead in developing and executing research projects aimed at identifying and recommending best practices in AML compliance, in particular by identifying sources, collecting research and performing analyses related to global AML compliance developments, requirements and best practices
Advising on, and resolving, potential AML issues which arise across business units and jurisdictions covered by the Asia Pacific GFC Group
Support the strategic development of the Global AML Program, determine business implications, and coordinate the execution of program updates with key stakeholders
Oversee AML projects from start to finish, from developing business requirements to post production reviews
Drive the execution of the AML Program across Operations, Technology and Compliance

Global Financial Crimes Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Global Financial Crimes

List any licenses or certifications required by the position: CAMS, ACAMS, PMP, CPA, IIA, CIA, AML, OFAC, LOB, CFE

Education for Global Financial Crimes

Typically a job would require a certain level of education.

Employers hiring for the global 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, Accounting, MBA, Sound, Finance, Legal, Economics, Management, Statistics, Law

Skills for Global Financial Crimes

Desired skills for global financial crimes include:

Bank systems
Risk assessment
SQL
Financial crimes compliance laws and regulations
AML
EU
US OFAC and Asia sanctions requirements with experience in sanctions review as a strong advantage
R
Sanctions
Investing and markets and the ability to research

Desired experience for global financial crimes includes:

Ability to prioritise multiple tasks and bring tasks to completion within established timeframes
Native level fluency in Russian / Cyrillic alphabet required
Well organised and able to execute responsibilities
Knowledge of The U.S. Treasury Department's Office of Foreign Asset Control (OFAC) regulations and processes
Previous experience of supervising a small team of professionals preferred
Develop a GFCC communication strategy and execute

Global Financial Crimes Examples

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Global Financial Crimes Job Description

Job Description Example
Our company is hiring for a global financial crimes. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for global financial crimes
  • Be responsible for QA reviews of surveillance items flagged as potentially suspicious transactions, items flagged as potential adverse media or PEP matches, and items flagged as potential matches to designated sanctions targets and prohibited persons lists
  • Assist in the review of AML/KYC policies and procedures across BTMU’s global footprint
  • Liaise with global compliance staff to understand existing firm policies, procedures, practices and controls relating to AML compliance matters
  • Act as primary point of contact for Sanctions technology issues across assigned regions (e.g., excessive hits on a rule)
  • Serve as a link between Global GFC Screening Coordinator, Regional GFC Screening Officers and Technology teams to execute new technology enhancements that drive operational excellence and ensure smooth and consistent functioning of Sanctions screening across the enterprise
  • Assist with preparation and maintenance of AML model documentation
  • QA reviews of surveillance items flagged as potentially suspicious transactions, items flagged as potential adverse media or PEP matches, and items flagged as potential matches to designated sanctions targets and prohibited persons lists
  • Advising on, and resolving, potential AML issues which arise across Asia business units and jurisdictions covered by Asia Financial Crimes
  • Supervise a team of AML Investigations professionals
  • Review and monitor client accounts and transactions for potential matches to adverse media alerts, designated sanctions targets and prohibited persons lists
Qualifications for global financial crimes
  • Solid knowledge of securities sales and trading products
  • Management of projects and client reviews, review and analysis of the client base to identify and manage high risk clients, or specific country reviews
  • Management of day-to-day account opening issues, including approvals of high risk clients, waivers
  • Coordinate with Global training team to maintain the Global Financial Crimes training database to store training content that will both evidence prior trainings and can be used to develop new training content
  • As the candidate role evolves, develop new training content and provide training sessions on substantive Financial Crimes issues*LI-LT2
  • Some basic knowledge of banking industry
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Global Financial Crimes Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of global 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 global financial crimes
  • Assist with the review of clients and client accounts for potential matches to designated sanctions targets and prohibited persons lists
  • Participate in team meetings lead by the Deputy Head of ISG AML or designee
  • Develop an understanding of Global Financial Crimes (“GFC”) Standards and Bank AML Policies, procedures, and processes in order to provide the MSBNA and MSPBNA First Line Unit Risk teams (“FLU Teams”) with guidance
  • Assist with other areas of the AML Program as needed
  • Work to standardize QA process (e.g., sampling) for all coverage areas
  • Review alert closure codes by analyst and investigate any potential issues
  • Formally track and report results of QA to coverage areas
  • Assist with model documentation
  • Work to standardize QA process
  • Identify and coordinate training needs, policy/procedure revisions, standardize alert review process and other needs identified during the QA process with the QA Managers and the Global Policies, Procedures and Training Head
Qualifications for global financial crimes
  • Have 5-8 years of experience with Bank Secrecy Act (BSA)/Anti-Money Laundering Regulations within the financial services industry, or at a financial services regulator (e.g., Office of the Comptroller of the Currency, Federal Reserve Bank, Securities and Exchange Commission, Federal Deposit Insurance Corporation)
  • Provide training sessions as needed on training gaps
  • Maintain the Compliance Monitoring Inventory
  • Have a minimum of 3 years professional experience in an Anti-Money Laundering group at a large financial institution
  • Have 2 years of experience with Bank Secrecy Act/Anti-Money Laundering within the financial services industry or at financial services regulator (e.g., Office of the Comptroller of the Currency, Securities and Exchange Commission, Financial Industry Regulatory Authority)
  • Proactively manage risks to the GFC program by recognizing significant risks in processes and technology
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Global Financial Crimes Job Description

Job Description Example
Our company is looking for a global financial crimes. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for global financial crimes
  • Establish appropriate effectiveness reviews management routines and working sessions to ensure proper awareness of review status and results
  • Facilitate analytical support for Business Units and GFC coverage areas
  • Manage, review and analyze surveillance items flagged as potentially suspicious transactions that are generated as a result of “below-the-line” testing, risk engine tuning, lookback activities, etc
  • Formally track and report results of QA to coverage areas and work to standardize QA process (e.g., sampling) for all coverage areas
  • Support the collection, tracking, and reporting of global OFAC issues
  • Support the implementation of Global OFAC Standards
  • Support the creation of monthly and periodic status reports to Committees in Tokyo on GFCID’s initiatives
  • Assist in managing the team of professionals responsible for conducting comprehensive due diligence reviews
  • Provide general supervisory support for EDD professionals and serve as their first point of contact for daily questions and issues
  • Manage EDD professionals’ caseloads including tracking outstanding inquiries and working with the professionals towards resolution of issues
Qualifications for global financial crimes
  • Have 1 to 3 years’ experience within a broker-dealer and/or banking institution in an AML/compliance or internal audit capacity or experience within a financial services regulatory agency (e.g., Office of the Comptroller of the Currency, Federal Reserve Bank, Securities and Exchange Commission, Federal Deposit Insurance Corporation)
  • Strong working knowledge of AML/BSA laws and regulations relative to money laundering and terrorist financing and the ability to apply this knowledge in assessing transaction activity
  • A genuine interest in Compliance, Risk and/or Financial Crime mitigation
  • Self-starter with the ability to adapt to changing demands
  • Ability to coordinate and manage assignments across multiple teams
  • Critical and analytical thinker with problem solving abilities
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Global Financial Crimes Job Description

Job Description Example
Our company is growing rapidly and is hiring for a global 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 global financial crimes
  • Provide initial training to all new hires on EDD processes and risk analysis
  • Report current status of work items under review by EDD professionals to senior managers and address any issues with the professionals
  • Provide EDD professionals with timely, constructive, and ongoing feedback regarding their respective work products and performance
  • Respond to questions from the Wealth Management branches and business unit personnel
  • Analyze and review alert closure codes / comments by analysts to ensure Firm quality review standards are met
  • Work on other special projects as needed
  • Analyze, investigate and resolve surveillance items flagged as potentially suspicious transactions or exceptions
  • Review outgoing wire payment exceptions generated from government watch list alerts, including evaluating and analyzing payments to determine approval, rejection or the need for further investigation
  • Investigate potentially suspicious activity arising from account surveillance, branch or business unit escalations, and Grand Jury subpoenas
  • Collaborate and Liaise with Development Shared Services, Client, and Quality Assurance teams
Qualifications for global financial crimes
  • At least 7 years of relevant experience in AML Compliance, Due Diligence or Regulatory experience preferably relating to Private Wealth Management / Private Banking
  • At least 10 years of experience in an IT auditing environment and knowledge of IT application and systems review, with focus on integrity and accuracy of data feeds
  • Advanced understanding of System Architectures and documentation of the same (Actimize and or HotScan architecture experience and/or any other compliance systems)
  • Advanced/expert level of expertise in handling various data formats, conducting data analysis and documentation
  • Minimum of 3 to 4 years of experience leading testing efforts or exposure to quality control or quality management functions and results
  • Advantaged knowledge of Microsoft Office Suite( Excel, Access, PowerPoint and Word)
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Global Financial Crimes Job Description

Job Description Example
Our company is growing rapidly and is looking to fill the role of global financial crimes. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for global financial crimes
  • Perform ongoing analysis of sample historical data/alerts of the screening program to identify and prioritize stop descriptors generating high non-productive alert volumes
  • Draft business and suppression rules for prioritized stop descriptors
  • Work with Technology teams to test drafted rules and prepare for deployment
  • Prepare and socialize summary of stop descriptors, business rules, suppression rules, and test results for necessary approvals
  • Respond to questions from the ISG Business, as appropriate
  • Assist in the preparation of the daily Bank Risk Ranking report, escalating customers for review to the Bank Risk FLU teams
  • Assist in the review of monthly Permanent Waiver and Risk Ranking Flexibility reports
  • Providing supervisory oversight and play an active role in respect of locally or centrally required training
  • Coordinate the program and review and advise department audit professionals
  • Prepare quarterly and annual senior management and Board Of Directors reporting
Qualifications for global financial crimes
  • Bachelor's degree from a four-year college or university in related field (e.g., Economics, Mathematics, Statistics, Computer Science)
  • Manage projects and client reviews, review and analysis of the client base to identify and manage high risk clients, or specific country reviews
  • Manage day-to-day account opening issues, including approvals of high risk clients, waivers
  • Strong knowledge of relevant products and markets (Sales & Trading
  • Intermediate knowledge of Microsoft Office Suite( Excel, Access, PowerPoint and Word)
  • 3 to 5 years of experience in an Anti-Money Laundering group and experience with Compliance testing or equivalent

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