The Role Responsibilities

Business

* Analyse comprehensive impact of financial crime related regulatory matters on the relevant business area and its operations.
* Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications.
* Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
* Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.
* Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.

Processes

* Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
* Providing governance and oversight over the implementation of FCC-related policies and procedures in Jordan to ensure compliance with such policies and procedures.
* Act as Process Owner for FCC-owned (sub-) processes under the Group's Risk Management Framework, including implementation and roll-out of relevant processes and DOIs.
* Provide advice to relevant stakeholders on compliance with Group standards relating to [AML/Sanctions/ABC].
* Act as (second line) Risk Control Owner under the Group's Risk Management Framework for those aspects of Regulatory Compliance relating to [AML/Sanctions/ABC], and escalate issues as appropriate.

People and Talent

* Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.
* Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
* Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
* Collaborate with training teams to input to training curriculum to support closing of capability gaps.
* Develop communications strategies and plans that deliver timely and relevant messages to the right stakeholders through appropriate activities and channels.
* Ensure [Region/Country/Department] is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.
* Ensure staff in [Region/Country/Department] have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.

Risk Management

* Maintain oversight of risk mitigating action plans.
* Ensure the suitability and quality of case data maintained on enterprise case management systems.
* Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management
* Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
* Establish and maintain watch lists used for customer and transaction screening and various other due diligence and investigative purposes (local/regional internal and external).
* Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
* Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
* Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
* Assess risks arising from products / segments / geographies / customers / transactions.
* Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
* Anticipate horizon risks in the area of financial crime that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.
* Identify intelligence for typology studies and risk mitigation plans.
* Conduct Country risk assessment.
* Map risks, quantify the potential impact and escalate where necessary.
* Advise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologies.
* Deliver/ support delivery of delivery of annual Global AML, ABC and Sanctions Risk Assessments.
* Partner with legal counsels for advice on technical matters.
* Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
* Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
* Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
* Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.