Manager - Financial Crime Compliance - KYC - Insurance

Manager - Financial Crime Compliance - KYC

Client: UK Based MNC (Into Insurance)

Timing: 12:30 PM- 9:30 PM (centralized pick up and home drop available)

The role will have prime focus on the Financial Crime Compliance Unit. The FCC is a global CoE consisting of approximately 30 staff, divided into three Teams, Client Due Diligence, Name Screening and Anti Bribery & Corruption which deals with numerous internal stakeholders globally on a daily basis. IThe FCCUs primary reporting line is into the Group Head of Financial Crime, with a local reporting line into the India Head of Compliance The FCcU is divided into three teams, as follows:

- The Client Due Diligence Team is responsible for providing Financial Crime Due diligence support to multiple business across regions in regard to the process of On-boarding clients, both new and at renewal.

- The ABC team is responsible for assessing all of third party relationships globally, primarily in relation to the risk of bribery and corruption.

- The Name Screening team is responsible for conducting risk-based sanctions screening program, pursuant to the Sanctions Compliance Policy and help comply with economic sanctions, anti-terrorist financing laws, export controls, prevent fraud and anti-money laundering and other criminal activities.

The role will cover Anti-Bribery & Corruption, Sanctions, KYC and AML. This includes:

- Implementing KYC, ABC , Sanctions and AML due diligence policies, screening and risk assessment processes

- Day-to-day management and development of the FCCU, and continuing to build and enhance the level of capability

- Proactively building resilience and efficiencies into the FCCU operating model

- Being the local SME for KYC, ABC , sanctions & AML screening

- Ensuring the high quality of the FCCUs output, including delivering robust QA and MI

- Identifying common screening trends and issues, assessing the root causes and recommending solutions to address them

- Participating in financial crime reviews and projects as directed by the Management.

Preferred candidate profile :

Prior:

- Experience 12+ years of post-qualification experience in Financial Services, Banking, Investments, Insurance with 2+ years in managing large teams in financial crime compliance.

- Relevant Experience of KYC, third party, sanctions, ABC & AML

- Experience of managing teams and matrix reporting

- Experience in designing and implementing Financial Crime Risk management and Governance framework

- Past experience in dealing with regulators (desirable)

Education/Qualification :

- Graduates in any discipline

- CA/MS/MBA would be preferred

- Certification in Risk Management

- Certification / Diploma in Financial Crime or AML /or professionally associated with the ACAM/ ACFCS or other financial crime compliance community