AML Model Governance Manager

Job Description:

The Global Financial Crimes (“GFC”) Manager executes substantive money laundering, economic sanctions and fraud compliance and operational risk practices relevant to the manager's specific area of responsibility. The GFC Manager is accountable for the requirements of the Global Compliance and Financial Crimes Enterprise Policies, Compliance and Operational Risk Management Program (“CORM Program”), the Global Compliance - Enterprise Policy, the Operational Risk Management – Enterprise Policy (collectively “the Policies”) and the Enterprise Fraud Risk Management Standard and works directly or through compliance officers for the Front Line Units (“FLUs”) and Control Functions (“CFs”) to complete those requirements.

The GFC Manager proactively engages with other Chief Compliance and Operational Risk (“C&OR”) officers, including horizontal coverage owners and Enterprise Areas of Coverage (“EAC”), to provide comprehensive oversight of FLU/CF activities. This role develops and maintains a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The GFC Manager prepares materials for C&OR regulatory exams/audits/inquiries and may provide consultation to business leaders in preparation for FLU/CF regulatory exams/audits/inquiries. The GFC Manager also contributes as a manager responsible for providing leadership direction to attract, assess, develop, motivate and retain a team or may act as an individual contributor.

Activities this role performs include, but are not limited to:

• Produces and/or oversees independent financial crimes risk management reporting to Global Compliance & Operational Risk (“GC&OR”) Senior Leaders and FLU/CF Senior Leaders via established governance and management routines
• Participates in industry forums and monitors regulatory expectations, emerging legislation and regulation, political scrutiny, litigation and key influencers (trade associations, PACs, lobbyists, consumer groups, and media) in the EAC subject area to identify and mitigate emerging risks
• Identifies regulatory training needs and provides subject matter expertise to support the development of training curriculum
• Advises and directs the development and maintenance of financial crimes owned policies and standards and the review of relevant FLU/CF-owned policies and standards to ensure that regulatory requirements and operational risks are appropriately addressed
• Monitors the changes in regulations applicable to Global Financial Crimes, including advising business leaders on those changes, directing the appropriate areas to implement or amend policies, standards, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed; ensures a comprehensive regulatory inventory
• Identifies, aggregates, reports, escalates, inspects and challenges the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes
• Escalates financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees
• Responsible for the remediation of financial crimes related C&OR “owned” issues and control enhancements to ensure they are addressed appropriately and timely
• Participates in the development and maintenance of the global financial crimes coverage plan which defines the scope and risk-based focus of the second line’s risk management activities and/or oversees execution of monitoring, testing, and risk assessments, communicate results
• Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA)
• Reviews and challenges internal and external operational loss events, including development of remediation plans to strengthen controls, and approves where appropriate
• Participates in Scenario Analysis activities for coverage areas and challenges as appropriate
• Ensures metrics are designed to measure key risks and control performance, monitors and reports on metric performance and breach remediation

Additional activities may include:
• Partners in the filing of all regulatory reports for the Company related to Financial Crimes
• This role may have Money Laundering Reporting Officer responsibilities

Automated Monitoring Oversight (AMO) within Global Financial Crimes is responsible for the Global Financial Crimes Automated Detection program, including the oversight of the technology ecosystem and transaction monitoring models involved in monitoring for potentially suspicious activity.

The AML Model Governance Manager role is responsible for coordinating the adherence to the End-to-End Model Governance requirements, including coordinating engagement from various enterprise-level teams in order to ensure consistent oversight of AML Model Changes. This coordination will also include representing AMO at the Financial Crimes International Council.

The ideal employee will possess strong institutional knowledge, relationships building skills, experience in process design and improvement, and time management skills. The individual should be a self-starter with the ability to influence, build trusted relationships, deal constructively with conflict, problem solve / troubleshoot issues for themselves and others, and adapt to a fast-paced, evolving environment that involves multiple and simultaneous deliverables.
 

Required Skills:
    • Strong organizational, planning, communication (written and oral), and presentation skills with attention to detail
    • 5+ Years of relevant work experience in Anti-Money Laundering
    • Excellent and proven project management skills
    • Self-starter with the ability to influence, build trusted relationships, deal constructively with conflict, problem solve / troubleshoot issues for themselves and others, and adapt to a fast-paced environment involving multiple and simultaneous deliverables
    • Advanced Microsoft skills, including Excel and PowerPoint
    • Critical thinker, strategic mindset, high energy and intellectually curious
    • Demonstrated ability to operate in a fast paced environment with multiple concurrent priorities 
    • Strong partnership and relationship management skills; ability to work across functions and organizational lines/levels

Desired Skills:
    • Prior Audit or Risk Management experience
    • Ability to work well under pressure and adapt easily to a changing environment and expectations
    • Experience working in either an Audit / Risk / Compliance type function with specialization in US Regulatory Reporting or directly in Regulatory Reporting preparation or data supplier
    • Financial Services or similarly regulated sector
    • Education to Bachelor Degree level as a minimum. Advanced degree strongly preferred
    • Strong background / ability in documentation
    • Excellent communication and strong analytical skills
    • Ability to work in a team environment, focus on high quality execution and leading efforts

Shift:

1st shift (United States of America)

Hours Per Week: 

40