This role is a direct report to the Global Head of the AML Compliance Testing Team. The Director will carry out the following activities, directly or through staff, in fulfillment of these responsibilities:
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Lead and oversee the build-out Compliance Testing KYC function including capacity planning, infrastructure plan development, administration and analysis of testing outcomes across Global regions.
Continually review and optimize the Global AML test strategy to eliminate redundancy and duplication, identify process gaps, streamline risk reviews and enhance adequacy, efficiency and effectiveness of test design while taking into account variable requirements of individual regions.
Oversee the KYC testing activities conducted by direct staff as well as testing staff in the region.
Recruit and hire team members and build a team of KYC Subject Matter Experts.
Guide and oversee testing reviews on all aspects of KYC, pursuant to Compliance Testing’s annual plans and coverage model. Reviews include onboarding, periodic refresh, escalations, MI, policies and procedures, restriction of accounts, and other areas.
Function effectively within a matrix organizational structure, collaborating with other stakeholders in the Bank, including other functions in the AML Compliance Testing team, AML Risk Management teams, Internal Audit, the business, operations team, technology, Global AML Project Management, and AML project teams.
Drive results through collaboration and manage through influence to gain consensus and move issues and concerns forward.
Build and maintain relationships with other leaders involved with KYC, including AML Risk Management / Advisory, AML Operations, AML Technology, Business Operations and Business Technology to create a supportive and seamless control environment and culture.
Lead and manage a staff at various levels, with accountability for hiring, training, development, performance and compensation recommendations for directly supervised staff, and accountability for providing input on the above issues for matrix-managed staff.
Establish a professional relationship with regulatory bodies as well as key internal/external stakeholders and proactively and positively represent Global AML Compliance Testing.
Build and maintain appropriate subject matter expertise within the global AML Compliance team, coordinating with and leveraging global shared utilities and subject matter experts.
Prepare for, track, and function as the primary liaison, when appropriate, for Internal Audit and regulatory issues related to KYC matters.
Liaise/advise and oversee development of corrective actions as needed for KYC Testing related issues surfaced during Internal Audit reviews and / or reports by outside regulators.
Keep AML Compliance, Business and Functional management informed of significant KYC raised by the AML Compliance Testing matters and oversee a governance process designed to communicate timely and relevant information to senior management as well as Corporate / Regional management, via both established dashboards and other vehicles.
Qualifications
10+ years’ experience in a related function, with at least 5 years in a managerial role running a KYC function.
Bachelor's Degree Required.
Experience in an Audit, testing, or risk function is a plus.
Experience interacting with regulators.
Ability to gain an understanding of corporate and product-specific policies/control environment, as well as key regulatory requirements.
Strong team player with demonstrated ability to influence and collaborate with peers and business leaders.
Strong leadership and talent development skills
Proven ability to manage a diverse and disparate team and rationalize existing resources
Strong oral and written communication skills
Strong ability to manage team priorities to meet deadline
Experience in dealing with cross-border and international business strategic direction and standards for Consumer-focused banking, lending, investments and insurance products globally.
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