Client Monitoring & Payment Sanction Screening Manager

Client Monitoring & Payment Sanction Screening Manager

About the job

The Operations department is responsible for ensuring the complete end-to-end processing of the Bank’s transactions and services.

They are responsible for ensuring that the appropriate control framework exists to ensure the accuracy of this processing as well as the recording of this in the Bank’s books and records.

Operations are also responsible for the accurate and timely reporting of the Bank’s transactions to multiple regulatory stakeholders globally.

The KYC team plays an integral part in the governance of client risk management.

The team is made up of three functions, KYC Co-ordination, Client Verification & Screening and Quality Control.

The Monitoring Team Manager works closely with the EDD and FCCA Compliance Teams, helping to act as a control in the prevention, monitoring and investigation of money laundering, terrorist financing, ABC, embargoes, sanctions and fraud.

• What you’ll be doing
• Maintaining an effective operating model for monitoring and screening including alert adjudication, escalation interaction with key stakeholders such as Global Markets; and
• Ensuring that the Bank performs its monitoring and screening in line with regulatory and internal requirements as advised by the Bank’s Financial Crime function; and
• Ensuring the Bank’s monitoring and screening tools are operating efficiently through the reduction of false alerts to within tolerable levels
• Leading and managing the Client Monitoring and Payment screening team
• Delivering the strategy for Client Monitoring and Payment screening team
• Managing the Client Monitoring and Payment screening team within the budget allocated by the -Heads of CMU and Operations.
• Ensuring that staff and processes within Client Monitoring and Payment screening team works effectively and efficiently.
• Ensuring that there is adequate governance over the Bank’s Client Monitoring and Payment screening obligations and performance.
• Ensuring that the service provided by the Client Monitoring and Payment screening team to internal and external clients is delivered to an excellent standard.
• Leading the Client Monitoring and Payment screening team in working collaboratively and effectively with other Operations and CMU teams in all global locations to enable excellent service to be delivered by the Operations department to internal and external clients.
• Ensuring that Client Monitoring and Payment screening team works collaboratively with other departments in the Bank, particularly in the global coverage of Payments Sanctions Screening processes and controls.
• Ensure an effective and collaborative working relationship with the Financial Crime function
• Balancing Client Monitoring and Payment screening team compliance/acquiescence with stakeholder requests with some degree of respectful challenge to stakeholder requests.
• Working closely and collaboratively with Technology colleagues and service providers to ensure that systems relied on by the Client Monitoring and Payment screening team are fit for purpose.
• Identifying and managing risks within the Client Monitoring and Payment screening team including operational risks, regulatory risks, conduct risks, cyber security risks and financial crime risks (including, but not limited to, risks associated with money laundering, terrorist financing, bribery and corruption, sanctions breaches and fraud).
• Ensuring that 4-eye QA is always performed to the highest standards and operated as an effective first line of defence
• Providing line management support to direct reports in the Client Monitoring and Payment screening team.
• What you’ll need to be successful

We’re looking for the following skills and experience.

• Experience with managing people, teams and setting clear and measurable objectives
• Previous monitoring and screening experience using systems such as Fircosoft, Dow Jones, Alacra, World Check and Lexis Nexis.
• Relevant AML, Client Due Diligence, Sanctions, ABC, CTF and/ or anti-fraud working experience.
• Experienced in writing high level reports.
• A current understanding of UK AML requirements including JMLSG Guidance Notes, the Money Laundering Regulations, the Proceeds of Crime Act, the Terrorism Act and other relevant sanctions screening requirements and processes.
• Experience with adhering to strict procedures.
• Understanding of risk and control processes
• Knowledge of emerging markets and global payment systems
• IT literate (Word, Excel) and able to quickly adapt to new software systems
• Effective communication and presentation skills.

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets.

We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise.

We’re headquartered in London, with operations in Shanghai, Singapore and New York.

We’re a diverse and close-knit global team.

We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, “Be Yourself, Succeed Together” underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves.

We have an active E, D&I forum and we’re growing other employee network groups, including for women and neurodiversity.

We’re committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What’s in it for you?

• Financial – market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working – the option to work remotely up to two days per week, depending on the role.
• Family - 6 months maternity leave at full pay, 4 weeks paternity leave at full pay and enhanced shared parental leave pay.

Coaching for family leave returners and access to emergency care via My Family Care.

Paid fertility and miscarriage leave.

• Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange, Employee Assistance Programme and menopause policy.
• Community – paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development – a suite of opportunities to build the skills you need to excel in your role

ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL).

Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.

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