Senior Manager – Compliance Systems & Analytics

Job Description

To lead the compliance systems and analytics team and projects, and ensure continuous refinement, and optimisation of compliance systems, while ensuring effective data management to provide top-notch analytical solutions to the Financial Crime Compliance functions throughout the Group.

A.ESSENTIAL FUNCTIONS AND BASIC DUTIES

Support the Financial Crime Compliance functions across the group with analytical solutions to improve efficiency and operational effectiveness.

Design, implement, monitor, and manage models for transaction monitoring, sanctions screening, and customer risk rating across the Group.

Oversee the implementation, maintenance, and optimization of compliance systems, including transaction monitoring, sanctions screening, and other relevant tools.

Ensure that all systems are configured and implemented effectively to meet regulatory standards and internal policies.

Ensure that the results of pre-implementation and post-implementation testing are documented and stored in a single repository for audit purposes.

Collaborate with IT and relevant departments to integrate compliance systems with existing transaction platforms and core-systems.

Ensure that all relevant data is accurately and completely entered into the compliance system for monitoring and screening.

Identify opportunities for system enhancements, and drive projects to improve system functionality and efficiency.

Analyse data from compliance systems to identify ML/TF/Sanction and PF risks, and identify areas for improvement.

Prioritise developments by evaluating risks and urgency, and allocate resources accordingly.

Assist the Compliance Officers, and/or Money Laundering Reporting Officer (MLRO) of respective group entities in conducting thematic and network analysis to identify emerging risks and trends, and performing various risk assessments (e.g. Enterprise Wide Risk Assessments, Customer Risk Assessments, Country Risk Assessment)

Stay up to date on any changes to regulatory requirements that may impact compliance systems and ensure all systems are updated and compliant with the latest regulations and guidelines.

Manage relationships with external vendors to ensure customized and effective compliance software and services for the organization.

Monitor vendor performance and ensure that service levels meet organisational needs.

Provide training and support to the compliance team and relevant stakeholders on system usage and best practices.

Act as a subject matter expert on compliance systems and related processes.

Develop and enforce data governance policies to ensure data integrity, accuracy, and security across all compliance systems in coordination with the IT team.

Establish and maintain a strong data framework to support compliance activities, which includes data gathering, storage, and analysis in coordination with the IT team.

Ensure adherence to data privacy regulations and internal data management standards.

Lead and mentor a team of compliance system professionals, providing guidance and support to enhance their skills and performance.

Identify avenues to utilise technologies such as Artificial Intelligence and Machine Learning (AI/ML), Robotic Process Automation (RPA) etc. for enhancing systems and processes.

Oversee the team's daily operations, ensuring effective collaboration and achievement of departmental goals.

Conduct performance reviews and manage career development for team members.

Generate regular reports for senior management and regulatory bodies.

Any additional tasks as required by the immediate line of authority.

Desired Candidate Profile :

Bachelor's Degree preferably in engineering, IT or analytics.

Certifications in AML, Fraud Prevention, or Project/Product Management are advantageous.

Minimum 10 years of experience in leading, building and optimizing platforms for financial crime detection and prevention ideally from a large banking or financial services setup

Detail-oriented with strong analytical and problem - solving skills

Well versed with transaction monitoring and sanctions screening data management with proven ability to handle large datasets and configure compliance systems

Familiarity with Regulatory Technologies and system architecture designing

Ability to work under pressure and meet tight deadlines.