AVP - Financial Crime Compliance - BFS

Purpose :

- The Continuous Assurance program administers a regimen of end-to-end tests on core FCC processes in order to identify Root Causes impacting the effectiveness and sustainability of FCC's control environment thereby providing a high degree of assurance to Risk Owners and regulatory authorities alike that FCC controls receive rigorous oversight and can reliably manage SC's financial crime risk footprint.

- The Sanctions Continuous Assurance Manager supports the Financial Crime Compliance (FCC) program by testing adherence to legal and regulatory requirements and Group standards relating to International Sanctions, Terrorist Financing, Anti-Money Laundering, Anti-Bribery and Corruption (ABC), and the Group Operational Risk Framework (ORF). The role is responsible for executing the Continuous Assurance (CA) Sanctions program under the Continuous Assurance arm of the FCC Assurance function thereby meeting regulatory and compliance stakeholder expectations by providing continuous testing of core first line processes.

Accountability, Scope and Leadership

- The role draws from extensive experience in interpreting Sanctions risk and relevant regulatory reporting requirements to inform CA testing and reporting strategy.

- Role is required to have a strong conceptual understanding of the activities undertaken across FCC.

- Delivers on key objectives by translating complexities between CA/operational process, product, and/or regulatory requirements into a cogent, workable solution.

Knowledge and Expertise -

- Is able to articulate the specific business products or support services; is able to describe the processes and controls that underpin them, along with the key risk points

- Demonstrates in depth knowledge of the Continuous Assurance Methodology and can accurately describe the following principles :

(1) Assurance's placement within the three lines of defence from an FCC perspective.

(2) Fundamental Differences between Continuous Assurance and Deep Dive Thematic Assurance.

(3) Sampling strategies to minimize sampling risk and ensure representative sampling.

(4) Approaches to performance of Root cause Analyses at both the Case and Control level and Assessment of the Likelihood and Impact of Control Failure.

(5) Regulatory Approaches to conducting a BSA/AML Audit (e.g.. FFIEC Guidance).