Job Summary
The Head of Financial Crime Compliance is responsible for the strategic oversight and management of the bank’s financial crime compliance program. This role involves developing and implementing comprehensive policies and procedures to prevent and detect financial crimes, including money laundering, fraud, and terrorist financing. The Head of Financial Crime Compliance conducts high-level risk assessments, ensures alignment with regulatory requirements, and oversees the entire financial crime compliance framework. They collaborate with senior management, regulatory bodies, and law enforcement agencies to address financial crime risks and ensure robust compliance. Additionally, this role involves leading and mentoring a team of compliance professionals, providing
strategic guidance and ensuring effective training and awareness programs. The Head of Financial Crime Compliance reports directly to the Chief Compliance Officer, offering strategic insights and updates on financial crime compliance matters. This position requires a deep understanding of regulatory frameworks, strong leadership skills, and the ability to navigate complex compliance challenges while maintaining the highest standards of integrity and professionalism.
Job Description
· Develop and implement policies to ensure compliance with all relevant laws and regulations.
· Oversee the preparation and submission of regulatory reports.
· Monitor and manage the impact of regulatory changes on the business.
· Demonstrates a strong ability to assess the effectiveness of compliance processes and proactively identify potential risks, ensuring timely mitigation.
· Exhibits quick thinking and adaptability in understanding and responding to complex regulatory requirements.
· Maintains a clear understanding of personal strengths and weaknesses, using this insight to improve performance and decision-making.
· Effectively navigates uncertain and complex regulatory environments, making sound decisions despite incomplete information.
· Develop and update comprehensive financial crime compliance policies and procedures.
· Conduct high-level risk assessments to identify and mitigate financial crime risks.
· Oversee the monitoring of transactions to detect and investigate suspicious activities.
· Demonstrate the ability to achieve desired outcomes efficiently and effectively, even in challenging situations.
· Communicates confidently and persuasively, ensuring that compliance requirements are clearly understood and adhered to.
· Shows determination and tenacity in overcoming obstacles and achieving compliance objectives. · Conduct and oversee compliance audits to ensure adherence to internal policies and regulatory requirements.
· Develop and maintain a robust compliance control framework.
· Manage and report compliance incidents and breaches.
· Demonstrates resilience and steadfastness in maintaining high compliance standards, even under pressure.
· Adapts quickly to regulatory changes and ensures that compliance processes are updated accordingly.
· Communicate compliance updates and initiatives to internal stakeholders.
· Liaise with regulatory bodies and other external stakeholders.
· Develop and deliver compliance training programs for staff.
· Builds strong relationships with stakeholders, effectively managing diverse perspectives and fostering collaboration.
· Ensures clear and confident communication of compliance requirements and expectations. · Lead and mentor the compliance team.
· Implement performance management processes.
· Develop and implement succession plans for key compliance roles.
· Understands and leverages personal strengths and areas for development to lead the team effectively.
· Guides the team through uncertain situations with confidence and clarity.
· Contribute to the development and implementation of the compliance department’s strategic plan.
· Identify and implement innovative solutions to enhance compliance processes.
· Develop and track key performance indicators (KPIs) to measure the effectiveness of compliance activities.
· Continuously assesses and improves compliance processes to ensure they are efficient and effective.
· Quickly grasps new concepts and adapts to changing regulatory landscapes.
· Focuses on achieving strategic goals and delivering high-quality outcomes.
Education
Bachelor`s Degrees and Advanced Diplomas: Business, Commerce and Management Studies (Required)
HOW TO APPLY
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