Associate Director, CFCC FCSO Coverage, COE Analytics (India / Malaysia)

Key Responsibilities

Risk Management

• Focus on AML and Sanctions risk mitigation activity undertaken by FCSO at Group and country levels
• Identify areas for enhancement of AML framework through validation activities
• Engage with relevant stakeholders and recommend / discuss possible risk responses
• Summarize findings and suggest recommendations to strengthen the AML framework in the countries
• Partner with Country Risk Owners, MRO, and AML Review teams on the results of the work
• In collaboration with other specialist members of the CFCC FCSO Coverage, review and challenge control design proposed by 1LoD in FCSO and FCC managed processes in 2LoD (systems, processes and outputs) and results;
• Provide backup support for RFO delegate for AML and Sanctions in all RCSA related responsibilities including review and challenge of Inherent Risk, Control design, Residual risk, Treatment Plan for Elevated Residual Risks for FCSO and FCC Owned processes in 2LoD (systems, processes and outputs);
• Pro-actively analyses impact of financial crime related regulatory matters in FCSO processes and FCC Owned processes;
• Assisting Regional/Country FCC to review methodology/approaches and ongoing data-driven assessment of changes to the FCSO-managed Screening and Monitoring systems/Advanced Modules- the review and assessment requires detailed understand of these systems/modules and a FCC Practitioners insight to review/approve the changes being proposed by FCSO;
• Analyze data inputs from process owners, quality control, HRCU, country / region teams, specific investigations reports/findings and analytics to assess risk over the end-to-end function.
• Support the RAA team to ensure the effective assessment of global FCC controls as part of the FCC EWRA (GRA), and propose / modify control effectiveness ratings of key FC processes
• Perform 2LoD monitoring not supported by Assurance;
• Perform horizon scanning, emerging threats and detection scenario effectiveness;
• Oversee and review MI and the maintenance of surveillance systems performed by 1LOD;
• Analyse audit findings, FCC assurance and specific investigations reports and factor in validations of FCSO processes and FCC managed processes in 2LoD;
• Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations

Governance

• Attend relevant CFCC-focused FCSO forums
• Demonstrate awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role
• Deliver effective governance and challenge fellow executives effectively

Skills and Experience

CFCC Screening and Txn Monitoring Systems and Process Validation

Machine Learning Techniques (such as: classification, clustering, deep learning, decision trees and supervised & unsupervised techniques)

Proven ability to apply, debug, and develop machine learning models

Data Analytics & Visualization tools (SQL, python, etc.)

Analytical and problem-solving skills

Compliance Policies and Standards

Compliance Advisory

Compliance Review and FCC Assurance

Surveillance (including Screening and Monitoring)

Investigations

Compliance Risk Assessment