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VP Complex Products Lead

City of London, London

£70000.00 - £85000.00 per annum

Permanent

Summary:

A large international bank is looking for an VP candidate to join a new financial crime team in an advisory/policy capacity. The successful candidate will have experience in managing financial crime teams, developing policy and frameworks and be able to provide subject matter expertise on Trade Finance and Correspondent Banking amongst other Complex products

Main Purpose of the Role:

Provide Subject Matter Expertise and lead a team of SMEs to manage Financial Crime Risks arising from complex products (e.g. Correspondent Banking, Trade Finance). Implement the appropriate control framework to manage the risks arising from such complex products. Provide KYC and AML advice on customers utilizing Trade Finance/Correspondent Banking products where requested. Communicate specific risks that arise from to key stakeholders. Resolving issues identified via MUFGs testing functions, regulatory exams, programmatic reviews, and quality assurance efforts.

Key Responsibilities:

Overseeing the First Line of Defense and the Centre of Excellence (COE) activity to ensure compliance with applicable policies and standards pertaining to Correspondent banking and Trade Finance. Supporting on making decisions on recruitment and training to meet future capacity requirements in consultation with the EMEA Head of AML. Managing a team, including overseeing technical aspects of their work, delegating tasks and ensuring outputs are in line with expectations. Taking responsibility for managing small projects and participating & representing COEs interests in larger projects across the Bank. Developing a good understanding of the broader banking and regulatory environment, primarily focusing on Correspondent Banking and trade Finance, keeping up to date with developments and their impact on MUFG.

Skills and Experience:

Essential:

At least 7 years experience within financial crimes area of a global bank, consulting firm or regulatory agency and with proven exposure to correspondent banking and trade finance risk management. Experience managing a small team.

  • Functional / Technical Competencies:

Experience with managing stakeholder relationships within and outside of the local function/role. Knowledge of a wide variety Financial Crimes Compliance laws and regulations; Excellent judgement and analytical skills; Experience in drafting, designing and executing Correspondent Banking control framework in accordance with Global Policies, Standards and/or Procedures.

Posted 23 days ago

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