Assistant Vice President - Financial Crime - Investment Bank
Looking for core Financial Crime experience from Investment Banks
Purpose of the role:
To oversee and manage the identification, tracking, and resolution of issues raised against the Compliance Horizontal / Standards, ensuring the bank operates within legal and regulatory frameworks, mitigating risks associated with non-adherence to these Standards.
Accountabilities:
- Monitoring and maintenance of Compliance Horizontal aligned issues raised in the bank's risk management system containing sufficient details to confirm alignment to the Compliance Horizontal, are articulated and risk rated in line with the bank's risk management frameworks and contain action plans that mitigate the identified Compliance Risk.
- Escalation of unresolved or high-risk Compliance Risk issues to senior leaders and relevant committees.
- Provision of expert advice and guidance to Compliance colleagues on the bank's Issues Management Standard, including data attribution root cause analysis and creating SMART action plans.
- Conducting periodic reviews and assessments to evaluate the effectiveness of the issue management process and identify areas for improvement.
- Build, development and maintenance of effective relationships between Compliance Issue Management and stakeholders across Business Oversight Compliance, the Chief Controls Office and the business.
- Demonstrating an execution focussed mindset to ensure that Issues Management deliverables are executed at pace.
- Continued focus on the Mindset and Consistently Excellent to enhance the Assurance that we deliver, how it is delivered and the culture within the bank.
Assistant Vice President Expectations:
- To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
- Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
- OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments.
- They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
- Take ownership for managing risk and strengthening controls in relation to the work done.
- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
- Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
- Influence or convince stakeholders to achieve outcomes.
- Assistant Vice President where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.
- You may be assessed on the key critical skills relevant for success in role, such as experience with Financial Crime Issues, as well as job-specific skillsets.
- To be successful as a Financial Crime Issues Oversight -Assistant Vice President, you should have experience with:
Basic/ Essential Qualifications:
- Experience in Financial Crime role essential.
- Knowledge experience of organizational Issues Management.
- First class written and oral communication skills.
- Ability to demonstrate a good level of commercial awareness coupled with an appetite to build a deep appreciation of the business they will support.
- Be comfortable in fast growing and complex environments and be able to move effortlessly between strategic topics to day to day.
- Ability to assess multiple risk factors and conclude on the prudent approach to risk management.
- Strong analytical and influencing skills.
Desirable skillsets:
- Relevant professional qualifications are desirable.
- Knowledge of BBPLC business lines, associated products and operational infrastructure.
- Previous experience coaching developing colleagues in an SME capacity.
- Proficiency with Microsoft Office ( Excel, Word, PowerPoint etc).
- Previous experience using ORAC.
This role will be based out of Pune.
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Purpose of the role:
To oversee and manage the identification, tracking, and resolution of issues raised against the Compliance Horizontal / Standards, ensuring the bank operates within legal and regulatory frameworks, mitigating risks associated with non-adherence to these Standards.
Accountabilities:
- Monitoring and maintenance of Compliance Horizontal aligned issues raised in the bank's risk management system containing sufficient details to confirm alignment to the Compliance Horizontal, are articulated and risk rated in line with the bank's risk management frameworks and contain action plans that mitigate the identified Compliance Risk.
- Escalation of unresolved or high-risk Compliance Risk issues to senior leaders and relevant committees.
- Provision of expert advice and guidance to Compliance colleagues on the bank's Issues Management Standard, including data attribution root cause analysis and creating SMART action plans.
- Conducting periodic reviews and assessments to evaluate the effectiveness of the issue management process and identify areas for improvement.
- Build, development and maintenance of effective relationships between Compliance Issue Management and stakeholders across Business Oversight Compliance, the Chief Controls Office and the business.
- Demonstrating an execution focussed mindset to ensure that Issues Management deliverables are executed at pace.
- Continued focus on the Mindset and Consistently Excellent to enhance the Assurance that we deliver, how it is delivered and the culture within the bank.
Assistant Vice President Expectations:
- To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
- Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
- OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments.
- They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
- Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
- Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
- Take ownership for managing risk and strengthening controls in relation to the work done.
- Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
- Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
- Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
- Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
- Influence or convince stakeholders to achieve outcomes.
- Assistant Vice President where you'll spearhead the evolution of our digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to revolutionize our digital offerings, ensuring unapparelled customer experiences.
- You may be assessed on the key critical skills relevant for success in role, such as experience with Financial Crime Issues, as well as job-specific skillsets.
- To be successful as a Financial Crime Issues Oversight -Assistant Vice President, you should have experience with:
Basic/ Essential Qualifications:
- Experience in Financial Crime role essential.
- Knowledge experience of organizational Issues Management.
- First class written and oral communication skills.
- Ability to demonstrate a good level of commercial awareness coupled with an appetite to build a deep appreciation of the business they will support.
- Be comfortable in fast growing and complex environments and be able to move effortlessly between strategic topics to day to day.
- Ability to assess multiple risk factors and conclude on the prudent approach to risk management.
- Strong analytical and influencing skills.
Desirable skillsets:
- Relevant professional qualifications are desirable.
- Knowledge of BBPLC business lines, associated products and operational infrastructure.
- Previous experience coaching developing colleagues in an SME capacity.
- Proficiency with Microsoft Office ( Excel, Word, PowerPoint etc).
- Previous experience using ORAC.
This role will be based out of Pune.