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Global Financial Crimes Specialist

Charlotte, North Carolina;

Job Description:

The Global Financial Crimes (“GFC”) Specialist under supervision, assists Global Financial Crimes executives and managers in any of the following activities in support of the identification, escalation and timely mitigation of compliance and operational risks in alignment with the Compliance and Operational Risk Management (“CORM”) Program, the Financial Crimes and Global Compliance -- Enterprise Policies ("GC Policy”), and the Enterprise Fraud Risk Management Standards.

The GFC Specialist assists in engaging other 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 assists in developing and maintaining a global coverage plan which defines the scope and risk-based focus of the second line’s risk management activities. The GFC Specialist also assists in preparing materials for C&OR regulatory exams/audits/inquiries and may assist with preparation for FLU/CF regulatory exams/audits/inquiries.

In addition this role will support Global Economic Sanctions:

Global Economic Sanctions (“GES”) is responsible for dedicated compliance and operational risk management of processes unique to economic sanctions. The Sanctions Risk Specialist is a function within GES that is responsible for the identification, aggregation, reporting, and escalation of sanction related risks. The Sanctions Risk Specialist is responsible for the execution of risk management responsibilities in areas such as sanctions advisory, issues management, and monitoring and testing from a sanction’s compliance and risk perspective. This role is an individual contributor within the Sanctions Technology Oversight Team & nbsp; The role will provide oversight of the Sanctions tools, data inventory and end-to-end sanctions data testing. As GFC monitoring covers all FLUs within the bank, this role will have the opportunity to gain exposure to multiple Bank products and system & nbsp;

The Sanctions Risk Specialist may engage in the following processes to evaluate and assess FLU/CF controls, sanctions-specific second line functions and controls, and residual risks related to economic sanctions:

  • Identify, implement, and execute monitoring and testing routines to verify key controls within the sanctions screening technology and operations teams.
  • Evaluate and manage monitoring objectives and pertinent details in ORCIT.
  • Serve as test owner/test owner representative and maintain test plans/scripts in OCP and socializing the information with the appropriate stakeholders.
  • Determine if Audit Issues or Control Enhancements are warranted based on oversight results.
  • Draft, own and resolve to completion Audit Issues/CE when warranted.
  • Oversee screening technology audit issues related to sanctions.
  • Provide background/summary of key matters identified via oversight functions to GFC management.
  • Communicate results to key stakeholders, respond to auditors and regulators, prepare presentation to regional and global risk committees, and conduct risk analysis and research on economic sanctions related matters.
  • Execute or assist in executing economic sanctions periodic and/or targeted risk assessments.
  • Provide priority, business requirements and guidance on technology changes to sanctions technology teams.
  • Establish, maintain, and oversee FLU/CF inventory data feeds to sanctions filters.
  • Provide guidance and oversee new lists within the sanctions screening technology.
  • Maintain and oversee lists applicability, in consultation with Money Laundering Reporting Officers, within the sanctions screening technology.
  • Review and provide approval of new rules, in consultation with Money Laundering Reporting Officers, within the sanctions screening technology.

Key Responsibilities:

  • Apply extensive knowledge of economic sanctions laws, rules and regulations to the design, implementation, and management of sanctions risk monitoring, testing, assessment, and analysis of FLU/CF processes.
  • Assists in the identification, aggregation, reporting, escalation, remediation, and thematic analysis of FLU/CF-owned audit Issues and Control Enhancements related to economic sanctions.
  • Assists in the escalation of economic sanctions related compliance and operational risks and Audit Issues to appropriate governance routines, management/board level committees.
  • Assists in the remediation of economic sanctions owned Audit Issues and Control Enhancements to ensure they are addressed appropriately and timely.
  • Assists with development of risk metrics, monitors related performance and breach remediation.
  • Assists in production of independent economic sanctions risk management reporting to Global Compliance & Operational Risk (“GC&OR”) Senior Leaders and FLU/CF Senior Leaders via established governance and management routines.
  • Assists in the review of relevant FLU/CF-owned policies and standards to ensure regulatory requirements and operational risks are sufficiently addressed.
  • Assists in the monitoring of changes in regulations applicable to GFC, including advising business leaders on those changes, directing appropriate areas to implement or amend policies, procedures and/or processes to address regulatory requirements, and challenging the implementation plan as needed.

Additional activities this role performs include, but are not limited to:

  • Assists in the production of 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.
  • Assists in 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.
  • Assists in the monitoring of changes in regulations applicable to GFC, 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.
  • Assists in the identification, aggregation, reporting, and escalation of the remediation and thematic analysis of FLU/CF-owned issues and control enhancements related to financial crimes.
  • Assists in the escalation of financial crimes related compliance and operational risks and issues to appropriate governance routines, management/board level committees.
  • Assists in the remediation of financial crimes related C&OR “owned” issues and control enhancements to ensure they are addressed appropriately and timely.
  • Contributes to risk coverage plans, executes independent risk monitoring, testing, and risk assessments, communicates results.
  • Reviews and challenges the FLU/CF process, risk, control (PRC) inventory and FLU/CF Risk & Control Self-Assessment (RCSA).
  • Supports the review and challenge of internal and external operational loss events, including development of remediation plans to strengthen controls.
  • Supports Scenario Analysis activities for coverage areas and challenges as appropriate.
  • Assists with the development of risk metrics, monitors related performance and breach remediation.
  • Assists in the filing of all regulatory reports for the Company related to Financial Crimes.

Required Skills:

  • Min 5+ Years of experience in Financial Services.
  • Bachelor’s Degree or equivalent experience required.
  • Candidates with 3+ years’ experience in economic sanctions.
  • Prefer candidates with monitoring, testing, or quality assurance/quality control experience.
  • Prefer candidates with understanding of business, markets, and products. 
  • Ability to handle multiple projects in dynamic environment and global team setting.
  • Excellent business stakeholder management and communication skills.
  • Strong Excel skills

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-23023993

Manages People: No

Travel: No

Street Address

Primary Location:
100 N TRYON ST, NC, Charlotte, 28255
Additional Locations: