Senior Financial Crime Systems & Technology Manager Senior Financial Crime Systems & Technology  …

Arab Banking Corporation
in Manama, Capital Governorate, Bahrain
Festanstellung, Vollzeit
Letzte Bewerbung, 07 Dez 21
Competitive
Arab Banking Corporation
in Manama, Capital Governorate, Bahrain
Festanstellung, Vollzeit
Letzte Bewerbung, 07 Dez 21
Competitive

Job Purpose:

  • Responsible for the management of the overall procurement, development, integration, modification, operation, maintenance, and retirement of an FCC systems and technology.
  • Maximising effectiveness and efficiency of Financial Crime Systems.
  • Responsible for ensuring that all financial crime systems (e.g. transaction monitoring and Sanctions are correctly implemented and managed on a group wide basis. 

Principal Responsibilities, Accountabilities and Deliverables of Role:

  • Responsible for the management of the overall procurement, development, integration, modification, operation, maintenance, and retirement of an FCC systems and technology.
  • Accountable for the execution and management of FCC system implementation of new or upgrades.
  • Partnering with technology colleagues to establish correct governance over any proposed changes in FCC systems.
  • Responsible for post implementation ongoing FCC system optimization.
  • Participating in industry user groups for best practice benchmarking purposes.
  • Responsible for ongoing data feed reconciliation and assurance.
  • Responsible for performing and/or facilitating periodic regression testing on FCC systems to ensure that all potentially suspicious activity is captured and escalated.
  • Responsible for the review and interpretation of business requirements; and subsequently recommending, managing (and governing) the correct detection scenario library based upon the Bank’s product and service mix, industry benchmarking and relevant FC vulnerabilities identified.
  • Responsible for recommending (and thereafter governing) threshold/matching settings based upon testing results, industry benchmarking, relevant analysis of business practices and potential vulnerabilities. 
  • Collaborating with IT colleagues to establish and maintain a link between FCC systems and first line CDD systems to provide risk based alert prioritisation and a feedback loop to respective MLROs.
  • Collaborating with Operations colleagues to receive feedback on alert quality and build feedback into optimisation process.
  • Maintenance of all documentation relating to system implementation, testing and settings for audits and regulatory inspections.
  • Managing audits and regulatory inspections of FCC systems.
  • Designing and producing management information on FCC system effectiveness for senior management each month
  • Collaborating closely with FCC Risk Analytics to utilise the results of the annual enterprise wide risk assessment or monthly risk metrics in the setup of FCC systems

General

  • Provide timely, practical, value added Financial Crime advice to the business and functional units, including to overseas Compliance teams under policy ownership and/or geographic oversight, where applicable.
  • Support the Bank in development and implementation of the Financial Crime Compliance and FC framework, policies and procedures, in partnership with the Group document owners.
  • Demonstrate proactive identification and management of key regulatory risks and issues in areas under responsibility.
  • Self-identification of compliance related audit issues in areas under responsibility.
  • Acceptable rating for audits on Financial Crime or FC related issues.
  • Closure of outstanding audit issues within stipulated time period or as agreed with Internal Audit.
  • Support and facilitate effective functioning of Unit CFCCs under geography oversight, where applicable.

Committee Responsibilities:

  • Manage and facilitate GFCC System Governance Working Group.
  • Periodic report (as required) to GCOT and GCOC.
  • Regular Report to Financial Crime Enhancement related Committees.

Job Requirements:

Knowledge

  • Knowledge and 5-10 years of experience implementing FC systems (sanctions screening and transaction monitoring)
  • Familiarity with most mainstream screening systems e.g. FIRCO Soft, Oracle
  • Familiarity with mainstream TM systems e.g. Oracle-Mantas, BAE-Detica, Actimize
  • Familiarity with leading validation service providers e.g. Crowe, Protiviti, EY, PwC
  • Knowledge of designing, implementing and validating quantitative models

Education / Certifications

  • Degree educated (or equivalent) in either IT (preferably) or business/commerce
  • ACAMS or ICA qualified preferred but not essential

Experience

  • Relevant banking experience in compliance and/or risk management 
  • Experience in AML and Sanctions - essential
  • Experience of participating in regulatory inspections relating to systems and models
  • Exposure to working at Group level
  • Experience with risk models (customer, country, product and channel) 
  • Experience of conducting FC risk assessments and the underlying methodology

Personal Attributes

  • Good communicator and highly collaborative
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