PERM - CPD - Financial Crime Group - Financial Crime Governance - Assistant Vice President

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Section 1 – Details

Job Title / Corporate Title: EMEA Financial Crime Governance & Strategy, AVP

Department / Group: Compliance Department (CPD) / Financial Crime Group (FCG)

Responsible to / Line Manager: Director, EMEA Financial Crime Governance & Strategy

Direct Reports: N/A

Location: London, UK

Date Prepared: November 2024

MiFID Knowledge and Competence

Out of scope

Certification regime

Out of scope

Section 2 – Purpose of Job

Working with the Financial Crime Management team to implement the delivery of the Financial Crime (FC) Governance and Strategy Framework in EMEA.

• Responsible for the efficient running of BAU financial crime (FC) Horizon Scanning for UK entities.
• Support the development and implementation of tactical and strategic FC Governance solutions to enhance the framework in EMEA.

The key stakeholders will be comprised of the EMEA Financial Crime Management and Team.

Section 3 – Background

Financial Crime Group (FCG) coordinates day-to-day implementation of financial crime prevention efforts in London and across EMEA for banking, capital and global markets businesses. This includes responsibility for governance, oversight and execution of the AML/CTF, economic sanctions, anti-fraud, anti-bribery and anti-corruption systems and controls, including effective use of FCC – related technology.

The role sits within the organisation’s 2nd line of defence structure and is responsible for supporting the organisation’s financial crime prevention effort by providing support to the development of the FC Governance and Control Framework and to ensure execution of key regulatory deliverables.

Section 4 – Accountabilities & Responsibilities

Key activities and responsibilities include:

• Timely review of regulatory developments in the horizon scanning tool. Review includes assessment on applicability and impact of regulatory obligations to SMBC business in EMEA and its FC risk management framework.
• Maintain and update the FC horizon scanning register.
• Independently act as the first point of contact for FCG with the external tech-vendors for all matters related to user access, user training, review of regulatory sources, and enhancements in the service.
• Produce regular MI on FC horizon scanning. Experience with producing PowerBI reports is desired but not essential.
• Communicate FC regulatory developments and key obligations to FCG stakeholders.
• Independently curate items for the financial crime newsletter that are relevant to the businesses and senior management.

Additional responsibilities in the EMEA Governance & Strategy framework:

• Contribute to initiatives to enhance the horizon scanning process in EMEA.
• Support the implementation of change and enhancements to the FC risk management framework (including in response to regulatory developments).
• Support with the production of MI and materials for senior management.
• Support the Governance & Strategy team in managing EMEA wide financial crime forums.
• Support the Governance & Strategy team in projects and issue management.

Section 5 – Knowledge, Skills, Experience & Qualifications

• Desirable previous experience working in a role responsible for the identification and assessment of FC risks.
• Has a good understanding of UK and EU financial crime regulatory frameworks.
• Ability to digest complex regulatory requirements into practical actionable steps.
• Good understanding of financial crime risks and controls applicable to banking, capital and global markets businesses (desirable).
• Well organised with excellent critical thinking, verbal and written communication skills, especially when faced with challenge.
• Ability to work effectively in ambiguous or changing situations, with diverse individuals, groups and cultures.

We value the uniqueness of professional and personal backgrounds and perspectives as they play a vital role in continuing our sustainable growth as an organisation. If you’re in need of reasonable adjustment to the recruitment process due to disability or long-term condition, just let your recruiter know.

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