We are recruiting to fill the position below:
Job Title: FCC Manager
Job ID: 493281
Location: Lagos
Job Function: Legal & Compliance
Regular/Temporary: Permanent
Full/Part Time: Full time
Job Description
- The Head of Controls manages the core operational processes executed in FCC, as well as the specialist supporting systems for surveillance/screening; to help promote and manage throughout Nigeria the culture and practice of FCC risk management within the letter and spirit of relevant laws and regulations.
- System and tuning oversight for surveillance, screening and Customer Due Diligence ("CDD")
- Apply quantitative techniques to develop intelligence and tune systems to better identify and mitigate risk efficiently
- Build solutions to monitor for financial crime typologies
- Maintain documentation for systems owned in FCC, e.g. rule book
- Manage alert/cases/SARs
- Manage escalations from the business
- Manage escalations based on customer screening alerts
- Manage production orders escalated to Financial Crime Compliance ("FCC")
- Oversee media/other research and monitoring
- Maintain country watch lists
- Manage law enforcement outreach and outreach to banks on intelligence
- Support complex Group or cross-jurisdiction investigations
- Undertake quality assurance in relation to all core Financial Crime Compliance ("FCC") processes.
- Support all control checks undertaken by FCC under the Operational Risk Framework ("ORF")
- Propose control enhancements and simplifications
- Provide resources to support work by Segments and Product/FCC/Governance/Sanctions/ABC to upgrade business controls
- Generate and monitor all metrics required for tracking operational performance of controls
- Undertake country CDD review activity executed in the regional CDD CoE
- Review Politically Exposed Persons ("PEP") files and sensitive client files
- Integrate data across processes managed in Controls relevant to the CDD review
- Escalate issues requiring business rejection/restriction
- Work with Segments and Product Financial Crime Compliance ("FCC") to escalate issues appropriately with the business at a portfolio level
- Implement and cascade the Group's policy, framework and procedures to country level
- Provide leadership to the Country FCC network as part of the Country FCC management team
- Manage outsourcing arrangements where applicable, for example FCC processes hubbed to the Group's Shared Services Centre
- Lead or influence significant programmes of work in support of the financial crime compliance objectives
- Assist in the development of an effective internal compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance
- Identify and communicate, across the business within the region, relevant changes in Controls policies, procedures and practices - recommending amendments as required
- Assist in developing FCC Controls-related training to ensure the business and support units are provided with appropriate training
- Partner closely with the Regional FCC Controls and their teams, ensuring there is a consistent message to country FCC, and dealing with country issues as they come up
- Support Country Compliance and FCC teams in managing regulatory relationships where FCC issues are a problem
- Partner with the business to make decisions based on the knowledge and interpretation of current and possible future policies, practices, trends and information of financial crime
- Develop and implement financial crime compliance arrangements/frameworks (programs, policies and procedures) for bank and business lines
- Develop and implement risk and Market Integrity methodologies
- Deliver effective FCC/Sanctions/AML/ABC training programs to meet the training needs of the business
- Implement prevention and detection client due diligence (CDD, EDD and CIP) to verify the identity of clients
- Implement FCC/sanctions/AML/ABC risks identification and assessment and advise business on the findings
- Resolve suspicious activity alerts (SARs)
- Partner with Business and Operational Risk to identify and mitigate financial compliance risks
- Conclude investigations of non-compliant activities
- Review system safeguards and recommend process enhancements
- Participate in regulatory and supervisory meetings and consultations
- Resolve conflicts of interest arising from regulations and information security
- Partner with regulators locally or globally
- The role holder needs to possess extensive knowledge of the laws and regulations applicable to money laundering, such as MLPA, the Patriot Act, OFAC/HMT requirements and Suspicious Activity Reporting requirements.
Not Specified.
How to Apply
Interested and qualified candidates should:
Click here to apply online
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