SVP FI And Products Compliance Injaz-Compliance-Sanctions Unit Compliance Group

• Oversee the FI Compliance program and ensure procedures are in place and conduct ongoing due diligence for FI clients. Manage reverse KYC requirements, Compliance to Compliance calls, onsite due diligence, and related activities as required
• Develop and implement a Compliance Program for the Bank Notes Business Unit, including policies, procedures, and processes for the wholesale Bank Notes division
• Design and implement a group-level Compliance Program for the Bullion trading business, including policies, procedures, and processes specific to Bullion trading activities
• Formulate & maintain relevant Financial Crime Control Frameworks that are applicable, perform periodic gap assessments and updates to such documents
• Conduct assessments of New Products and Process-related changes (NPPAs) from a financial crime risk perspective for FI and related products
• Support the Unit Head in formulating strategy, implementing oversight protocols, and managing risk mitigation and remediation plans in accordance with regulatory and organizational requirements
• Oversee the Banks FI Compliance program, which covers Enhanced Due Diligence requirements, new country research, evaluation of FI customers compliance programs, CBDDQ/additional EDD procedures, and conducting risk-based compliance-to-compliance calls (onsite or offsite)
• Continuously enhance the financial crime control environment against correspondent banking
• Review of Exporters KYCs, RMAs and Other Correspondent Banking products / programs for financial crime risks
• Establish and oversee review procedures for Transaction Variance Analysis, identify the risks and offer mitigants as desirable
• Support FI Business in completing reverse KYC requirements ,as part of broader correspondent banking relationships
• Support business in NBFI /PSP/SVF/MSB Onboarding and ongoing due diligence and provide advisory when needed
• Compliance Framework Programs: Design, review periodically, and support the implementation of frameworks for customer and merchant risk ratings, new products, channels, and process changes to ensure regulatory compliance and industry best practices alignment
• Serve as the units SPOC for new products, assessing risks and establishing controls to mitigate AML/CTF financial crime risks with various business units
• Act as the primary reviewer for the Unit in assessing new products, product modifications, and process changes in accordance with the Bank’s New Product and Process Approval (NPPA) for FI related products
• Develop strategic training programs that offer continuous education to employees on compliance-related topics, fostering a culture of adherence to regulations throughout the organization
• Develop the AML/CTF framework, policies, and procedures for wholesale banknotes trading, aligned with corporate policies. Implement risk-based client onboarding, CDD, EDD, and TM controls for the business vertical
• Assist the Unit Head in creating strategy and oversight plans that meet regulatory and organizational requirements
• Initiate projects and collaborate with stakeholders to oversee Compliance Technology Projects aimed at improving capabilities and process efficiencies for financial crime risk management
• Ensure that the Unit’s Oversight programs operate in alignment with the Units strategy, which includes MANCO, CT SteerCo, CRMC, and other governance committees where the Unit is represented
• Administer the Units RCSA process, conduct an annual review of the risk register, and serve as the reviewer for the tests performed
• Work with internal stakeholders by conducting Regulatory Gap Assessments and finalizing Policy, Standards, and Procedures requirement
• Ensure business and regulatory implications of process and system design and operation are proactively anticipated, considered, and communicated throughout the lifecycle
• Establish manual and automated technical processes to ensure and evidence adherence to Group policies and Bank strategy
• Develop and present options to implement controls whilst retaining full benefit from benefit from investment in systems
• Regular upward reporting of activities undertaken
• Build networks and manage day-to-day relationships with senior staff on technology, digital and related matters in Functions and Business
• Determine stakeholder requirements and educate stakeholders on Compliance capabilities
  
  

Problem Solving

• Apply analytical thinking and sound judgment to address complex compliance matters, ensuring timely, regulatory-compliant solutions for managing customer relationships and transactions while safeguarding the bank’s reputation.
• Assess, recommend, and lead technology-based compliance solutions to enhance effectiveness.
• Support process restructuring, outsourcing, and system development, maintaining robust compliance controls and acting as a risk steward.
• Handle complex issues and sensitive information efficiently
  
  

Decision Making Authority & Responsibility

• Authority to make all decisions as appropriate to ensure maintenance of a sustainable and appropriate Compliance Program for FI, Bank Notes and Bullion businesses
• Appropriate escalations to be made where required, to Unit Head for decision and intervention
• Postgraduate, preferably Engineering and Business Management background with 10-15 years of total banking / financial service industry experience, with at least 4 years supporting Digital Transformation, Programme Management ideally in the Risk and Compliance area
• Deep expertise in specialist areas such as Bank Notes Business, Bullion Business and Financial Institutions Compliance programme design, build and delivery
• Working knowledge of Data Analytics, Advanced analytics and Product Management
• Strong leadership skills – ability to set direction and motive a small but highly technical team, within and outside Compliance, along with ability to independently perform parts of the work
• Highly self-driven and self-motivated
• Excellent interpersonal skills with the ability to communicate technical matters effectively with senior leaders in Compliance and business sponsors
• Working awareness of general Compliance Control Framework elements
• Organizational awareness including working knowledge or risks, products, processes, and controls
• Effective written and verbal communication skills with high attention to detail
• Efficient and logical approach to problem solving
• Has up-to-date knowledge of the business domain and the underlying application architecture and relevant IT landscape and technologies
  
  

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