Job Purpose: The Financial Crime Compliance Head is responsible for leading the Bank’s Financial Crime Compliance function by planning, managing, monitoring and reporting on activities that prevent, detect and mitigate financial crime risks. The role provides strategic and operational guidance to business units, branches and the compliance network to ensure effective implementation of AML/CFT/CPF, sanctions, customer due diligence and related regulatory requirements.
Job Responsibilities:
· Management of Financial Crime Compliance Risk: Identify, assess, monitor and report on financial crime compliance risks across the Bank. Escalate significant issues to the Executive Head, Compliance and Financial Crime, and ensure emerging legislation, regulatory obligations and upstream financial crime risks are captured, assessed and reflected in the Regulatory Obligations Register.
· Sustain a Compliance Culture & Awareness: Promote a strong compliance culture through targeted training, regular communication, advisory support and active engagement with business units, branches and relevant committees on financial crime compliance matters.
· Policies and Standards: Oversee the development, maintenance and implementation of policies, standards and procedures relating to anti – money laundering, counter-terrorist financing, counter – proliferation financing, sanctions and customer due diligence. Ensure all relevant policies remain current, approved and aligned to applicable laws, regulations and internal standards.
· Implementation: Lead the implementation, monitoring and continuous improvement of financial crime compliance policies, standards and controls across the Bank, ensuring business units understand and comply with their obligations.
· Network of Compliance Representatives: Maintain an effective network of Compliance Representatives across branches and business units to support AML/CFT/CPF implementation. Ensure representatives receive appropriate training, guidance, access and support to discharge their responsibilities effectively.
· Sanctions Monitoring, Suspicious Transaction Reports and Currency Transaction Reports: Oversee transaction monitoring and payment screening activities, including the timely updating of sanctions lists, review of alerts, escalation of suspicious activity and preparation or quality assurance of Suspicious Transaction Reports and Currency Transaction Reports in line with regulatory requirements.
· Subject Matter Expertise on Financial Crime Compliance Risks: Serve as the Bank’s subject matter expert on customer due diligence, know – your – customer requirements, sanctions, anti – money laundering, counter terrorist financing, counter proliferation financing, bribery and corruption risk management.
o Conduct due diligence checks on customers, service providers and other parties involved in business relationships with the Bank.
o Support ad hoc due diligence reviews and provide clear reports and recommendations to management.
o Perform any other related duties assigned by management.
· Risk Assessment
o Coordinate the annual AML/CFT/CPF risk assessment with support from all relevant business units.
o Support the overall compliance risk assessment process by ensuring financial crime risks are appropriately identified, assessed, documented and monitored.
· Reporting
o Prepare and coordinate weekly, monthly and quarterly financial crime compliance reports for management and relevant governance forums.
o Prepare ad hoc reports requested by management, regulators or governance committees.
· External Relations
o Support the Executive Head, Compliance and Financial Crime in maintaining effective relationships with regulators, correspondent banks and other external stakeholders.
o Ensure the Bank’s position is appropriately represented and regulatory
Any other duties as assigned by superiors.
