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Manager, High Risk & Correspondent Banking (FC6) - Regional

CIBC FirstCaribbean Bank is seeking tor recruit a Manager, High Risk & Correspondent Banking (FC6) to join their team.

Interested? Get the details here how to apply.

Job ID: BARRM129

Click here to the CIBC FirstCaribbean Bank website and select the position from list to apply.

Deadline:  26 Apr 2019

Purpose of the Role:

The Manager, High Risk and Correspondent Banking supports the Senior Manager, High Risk & Correspondent Banking with the management of CIBC FirstCaribbean Anti-Money Laundering / Anti-Terrorism Financing (AML/ATF) programme in relation to high risk relationships, activities, products and services across the Bank. The incumbent manages the correspondent banking activities and is the key Compliance liaison with the Bank’s correspondent banking partners (upstream and downstream). The Manager supports the Senior Manager, High Risk & Correspondent Banking in developing guidance and providing support to the various business segments in respect of transactions and activities involving high risk individuals, entities, product and services. Other responsibilities include: execution and administration of Bank processes and controls for the on-boarding and maintenance of all high risk clients; assessment and monitoring of high risk clients, as defined in the Bank’s policy and client risk assessment standard; and provision of subject matter expertise for all correspondent banking relationships (upstream and downstream) maintained by the Bank and is the Compliance department’s relationship manager for all upstream correspondent banking relationships. The incumbent must keep up-to-date with AML / ATF developments in respect of high risk activities and clients, and will be required to recommend, where necessary, the strengthening of policies, procedures and testing methodology.

 

Key Accountabilities:

  • Produces required analytics and compiles reports to assist the reporting by the Senior Manager, High Risk & Correspondent Banking for the Chief Anti-Money Laundering Officer / Chief Compliance Officer for further reporting to the board and other stakeholders.
  • Provides ongoing management oversight with respect to all reporting of statistics / information pertaining to correspondent banking.  Prepares and / or oversees preparation of management reports pertaining to correspondent banking activities and relationships.
  • Identifies and manages risk, region-wide including identification and investigative activities by establishing priorities, conducting quality assurance reviews, and ensuring the general quality of the monitoring activities.
  • Undertakes ongoing monitoring of the Bank’s high risk programme to ensure that business units are meeting obligations, including identifying non-compliance by business units through data analytics and following up on remediation.
  • Manages all compliance related matters emanating from the Bank’s correspondent banking relationships to ensure effective management of high risk issues and compliance with local and international legislative requirements.
  • Reviews and approves the on-boarding of high risk clients when delegated by the Senior Manager.
  • Maintains caution, PEP, and watch lists relating to high risk clients, which includes undertaking periodic database sweeps, managing positive database matches and conducting resulting internal investigations and reporting of material matters to senior management, as required.
  • Supports the Senior Manager and Manager, Compliance Policy & Procedures with the maintenance of policies and procedures and makes recommendations to the CAMLO on policies and procedures in respect of high risk clients and correspondent banking that support the Bank’s AML / ATF policy and standards.
  • Assists with the development of the Bank’s AML / ATF client risk assessment matrix and any related tools, used by the segments to identify higher risk clients and maintain the client risk rating tool.
  • Manages day to day activities and requests from correspondent banks, to ensure that responses are provided in a timely manner and the Bank maintains a good relationship with its various correspondent banking partners. Manages compliance related matters emanating from the Bank’s correspondent banking relationships to ensure effective management of high risk issues and compliance with local and international legislative requirements.
  • Supports the smooth execution of the various correspondent banking refresh activities, including timely completion of information refreshes and direct liaison with the various business units in responding to these requests within stipulated timelines.

 

Critical Knowledge & Skills Required:

  • University degree in business, accounting or a related field is required.
  • Compliance qualification required.
  • Good knowledge of regional AML / ATF regulations.
  • Good understanding of key regulatory requirements in banking and financial services across sectors throughout the Caribbean.
  • Familiarity with client types and sectors deemed high risk and management of those risks.
  • Researching abilities, able to tap into reliable sources of information and perform analysis within the context of the assignment.
  • Good analytical skills.
  • Good written and oral communication and presentation skills.
  • Ability to identify, analyse and respond in potentially stressful, high pressure situations.
  • Time management skills in order to prioritise and work on multiple projects simultaneously.
  • Good judgment and problem-solving skills in order to provide input and advice to business units on AML for best compliance and risk management.
  • Systematic thinker with a process, analytical and technical background.
  • Ability to independently interpret regulatory issues, and to provide guidance to businesses in a straightforward manner.
  • Ability to influence the thinking or behaviours of individuals in order to achieve a more focused risk awareness culture in relation to high risk clients.
  • Coaching skills.

 

Experience Required:

  • Experience interacting with external clients such as regulators, at a high level.
  • At least 5 years’ experience in a compliance, risk management or legal environment will be an asset.
  • Good technical administrative, analytical and business support experience.

 

Position reports to:    Senior Manager, High Risk & Correspondent Banking

Function:                    Compliance      

Salary range:             In accordance with appropriate salary schedule

Quick overview

  • Management
  • Barbados, Saint Michael
  • CIBC FirstCaribbean Bank
  • Full Time
  • Permanent
  • University Degree
  • At least Five (5) years
  • Early Career
  • Business, Accounting or equivalent
  • Risk, Compliance & Assurance
  • Direct Employer

Interested? Get the details here how to apply.

Job ID: BARRM129

Click here to the CIBC FirstCaribbean Bank website and select the position from list to apply.

Deadline:  26 Apr 2019

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