AML Compliance Risk Management Head,(BCMA) - SVP (APAC) - Recruitment
Job role : The APAC BCMA AML Compliance Risk Management (ACRM) Head is a leadership position in Markets and Banking ACRM team, and is responsible for day-to-day management of the ACRM team for BCMA business in APAC., and coordinating with Regional and Country AML compliance teams for consistent product coverage and oversight. The APAC BCMA ACRM Head will support the Global BCMA ACRM Head and help advance global program goals by serving as a subject matter expert available to provide guidance to other regions and drive select global initiatives as needed. The APAC BCMA ACRM Head will also serve as a thought leader to advise ACRM colleagues providing oversight of business activities that are similar to or linked to BCMA activity in other business lines. This includes the Global Spread Products Structured Finance business of Markets and Securities Services. In this regard, the APAC BCMA ACRM Head will coordinate with the APAC MSS ACRM Head to provide seamless, consistent risk coverage to the APAC based businesses.
Manage a team of compliance professionals in APAC and coordinate with a network of regional colleagues supporting these lines of business
Define and maintain AML product-specific compliance standards
Collaborate with, and provide credible challenge to the business, Operations, and other strategic partners to ensure the maintenance, and where necessary design and implementation of additional product controls for the BCMA businesses.
Provide compliance advice to the business on an ongoing basis with respect to applicability of policies, resolution of potential red flags or other client/transaction-related compliance escalations
Participate in various business and compliance governance and oversight forums (e.g. Business Risk and Controls Committees) as required.
Appropriately assess risk when business decisions are made, demonstrating particular consideration for the firm's reputation and safeguarding its clients and assets, by driving compliance with applicable laws, rules and regulations; adhering to Policy; applying sound ethical judgment regarding personal behavior, conduct and business practices; and escalating, managing and reporting control issues with transparency. Effectively supervise the activity of others and create accountability with those who fail to maintain these standards.
Advice on new business initiatives and evaluate risks associated with new products via the relevant forums (New Product Approval Committee, AML New Product process)
Participate in and manage or coordinate, as appropriate, various internal assurance processes, e.g. Enterprise-wide and Horizontal Risk Assessments, Manager Controls Assessment, Compliance Assurance, Internal Audit or Compliance Assurance review
Liaise with banking and securities regulators during exams and other inquiries
Develop and execute product-specific AML training, as required
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