About the role
AI summarisedSenior VP leading the Transaction Surveillance team within Group Compliance at a bank, responsible for overseeing AML and sanctions screening operations, managing a team, and ensuring regulatory compliance.
BusinessFull-timeGeneral
Key Responsibilities
- Lead and manage the Transaction Surveillance team to ensure effective monitoring and detection of suspicious transactions.
- Oversee the implementation and enhancement of transaction monitoring systems and processes.
- Ensure compliance with AML and sanctions regulations and internal policies.
- Conduct and oversee investigations of alerts and suspicious activity reports (SARs).
- Provide guidance and training to team members on transaction surveillance and regulatory requirements.
- Collaborate with other compliance teams and business units to mitigate financial crime risks.
- Prepare and present reports to senior management and regulatory bodies as required.
- Stay updated on regulatory changes and industry best practices in transaction surveillance.
Requirements
- Minimum 10 years of experience in AML, transaction surveillance, or financial crime compliance within the banking industry.
- Strong knowledge of AML regulations, sanctions regimes, and transaction monitoring systems.
- Proven experience in leading and managing a team in a compliance function.
- Excellent analytical and investigative skills.
- Strong communication and stakeholder management abilities.
- Degree in Finance, Law, Business, or related field.
- Professional certification such as CAMS is preferred.
- Ability to work in a fast-paced, regulated environment.
- Experience with regulatory reporting and interactions with authorities.
- Strategic thinking and ability to drive process improvements.