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Global Financial Crimes Manager

Jersey City, New Jersey

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
 

The Financial Crimes Analytics Manager is a subject matter expert in the identification and evaluation of financial crimes.  The GFC Manager is responsible for assembling relevant information and performed a deeper assessment, compiling a crisp illustration of the problem, and communicated that with stakeholders including executive leadership across all lines of businesses.  The incumbent is regularly interacting with senior executives and influencing outcomes through clear risk mitigation recommendations.  In addition, a Manager is responsible for helping more junior analysts improve their skills to identify and escalate risk.      

  • Well rounded financial crimes expertise, experience with Fraud, AML and Sanctions typologies, trends, and internal bank processes

  • Proven ability to identify, escalate and debate potential gaps in program with sound recommendations for remediation

  • Ability to identify and summarize risk associated with high profile matters

  • Understands and influences the handoff from analysis to Bank Secrecy Act reporting

  • When appropriate work with law enforcement and other external partners to identify potential risks, and ensure reporting

  • Ability to navigate bank data warehouses and source routine data for analysis

  • Ability to influence senior leaders on mitigation techniques by using data to propose fact based solutions

  • Understands what financial crimes risk looks like in the data, ability to partner across the enterprise to quantify and explain existing and emerging risks

  • Able to translate that knowledge to new teammates, assist with their growth and development – leadership capabilities

  • Understands the internal processes related to Fraud, AML and Sanctions risk

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

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
 

The Financial Crimes Analytics Manager is a subject matter expert in the identification and evaluation of financial crimes.  The GFC Manager is responsible for assembling relevant information and performed a deeper assessment, compiling a crisp illustration of the problem, and communicated that with stakeholders including executive leadership across all lines of businesses.  The incumbent is regularly interacting with senior executives and influencing outcomes through clear risk mitigation recommendations.  In addition, a Manager is responsible for helping more junior analysts improve their skills to identify and escalate risk.      

  • Well rounded financial crimes expertise, experience with Fraud, AML and Sanctions typologies, trends, and internal bank processes

  • Proven ability to identify, escalate and debate potential gaps in program with sound recommendations for remediation

  • Ability to identify and summarize risk associated with high profile matters

  • Understands and influences the handoff from analysis to Bank Secrecy Act reporting

  • When appropriate work with law enforcement and other external partners to identify potential risks, and ensure reporting

  • Ability to navigate bank data warehouses and source routine data for analysis

  • Ability to influence senior leaders on mitigation techniques by using data to propose fact based solutions

  • Understands what financial crimes risk looks like in the data, ability to partner across the enterprise to quantify and explain existing and emerging risks

  • Able to translate that knowledge to new teammates, assist with their growth and development – leadership capabilities

  • Understands the internal processes related to Fraud, AML and Sanctions risk

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21043866

Band: H4

Manages People: No

Travel: Yes, 5% of the time

Manager:

Talent Acquisition Contact:

Laura Dillon

Referral Bonus:

0

Street Address

Primary Location:
525 Washington Blvd, NJ, Jersey City, 07310