Job Description:
We are AML RightSource, a leading financial crimes services firm focused on fighting financial crime for our clients and the world. Headquartered in Cleveland, Ohio, and operating across the globe, we are a trusted partner to our financial institution, FinTech, money service business, and corporate clients.
The Financial Crime Advisory (FCA) Practice at AML RightSource is made up of a team of industry and subject matter specialists that provide advisory services specific to financial crime programs, policies, and technology to C-suite-level executives across the world. Our scope of services includes, but is not limited to, program transformation, gap analysis, model validations, policy redesign, system implementation, and model optimization. Our FCA team aims to help clients build and optimize their financial crime compliance programs by leveraging a technology-enabled approach for some of the world's largest organizations.
As a Vice President in our Financial Crimes Advisory (FCA) team you will primarily be responsible for providing leadership and strategic direction to our Financial Crimes Advisory team. This will include providing oversight over the non-technology client projects that the FCA team delivers as well as helping the team achieve operational excellence goals. The successful candidate must possess AML and Sanction subject matter expertise, inclusive of being knowledgeable about regulations, regulatory guidance and industry best practices in these subject matter areas. As a leader of our Advisory team, this individual will be responsible for leveraging this subject matter expertise to lead engagement teams to produce high quality deliverables for clients, serve as a trusted advisor to clients, and develop new and well-rounded service offerings that address client needs. In regard to new service offerings, this individual will work closely with our UK FCA data analytics lead so the individual should have at least a reasonable understanding of data analytics-based service offerings and excel in collaborative environments.
It is important that the individual who fills this position has a track record of selling advisory services to buyers in the financial services industry, brings with them a personal network of contacts across the industry, and has a strong entrepreneurial spirit.
Primary Responsibilities
Engagement Leadership
- Successfully oversee the delivery of multiple AML, Sanctions and Fraud (collectively "financial crimes") engagements that are delivered to our clients across their three lines of defense. Projects include but are not limited to those focused on model validations, model tunings/optimizations, risk assessments, audits, gap assessments, policy and procedure development, training development and delivery, program design and transformation, regulatory remediation, system implementations, and coverage assessments.
- Effectively serve as lead point of contact for engagement teams and clients, providing day-to-day direction to engagement teams, reviewing and providing feedback on client deliverables, providing ongoing coaching and mentoring to team members, serving as an escalation point for risks and issues and leading such matters through to resolution, and lead key client meetings.
- Promote effective project management and quality assurance principles during engagement execution, ensuring engagements meet client expectations and communicated timelines.
- Serve as a subject matter expert in AML and Sanctions matters, providing guidance to clients and colleagues across the organization.
- Maintain oversight of the status of the non-data analytics-focused engagements being executed by the FCA team in Europe.
Sales and Go-To-Market
- Maintain an active presence in the market, to promote the AMLRS brand and capabilities and identify opportunities to provide AMLRS services to new clients.
- Maintain and nurture board and senior management-level relationships throughout the business community.
- Participate in business development initiatives, including the development of thought leadership pieces, taking on speaking roles, and developing proposal responses.
- Effectively manage existing client relationships and identify opportunities to provide additional services to existing clients.
- Promote the accurate pricing of engagements based on client needs. Work with FCA resources to prepare and negotiate SOWs with clients.
- Deliver presentations to senior level executives.
- Identify opportunities to collaborate with other AMLRS client-facing divisions.
- Maintain oversight of the pipeline of non-data analytics focused engagements being executed by the FCA team in Europe.
Internal Initiatives and People Leadership
- Provide leadership to ensure that the mission, core values and strategy of the company are put into practice.
- Demonstrate support in advancing company revenue and profitability objectives.
- Collaborate with leadership to develop, communicate and execute on an effective growth strategy for the FCA practice.
- Assist with the development and implementation of effective operational processes.
- Identify opportunities to build out the portfolio of FCA offerings and lead the development of such efforts.
- Identify resource needs. Recruit, train, mentor and develop advisory team members.
- Provide periodic performance reviews to team members and be an active participant in the annual performance review process
- Assist FCA leadership with day-to-day team management activities, in particular as they relate to the non-data analytics resources on the FCA team that are located in the UK.
Required Qualifications
Bachelors degree with a preference for Accounting, Finance, Business Management, Law, Economics, or other qualified business-related degree or equivalent years of experience.
Strong working knowledge of European financial crimes laws, rules and regulations, regulatory expectations and industry best practices
A minimum of fifteen (15) years of relevant AML/Sanctions/Fraud experience working in industry or at professional services / management consulting firms in an advisory consulting role. Relevant experience from industry includes time spent performing AML, Sanctions or Fraud operational processes; managing financial crimes programs; introducing process improvements or transforming financial crimes programs; performing exams, audits or other testing functions over financial crimes programs.
A minimum of five (5) years in a managerial or leadership role, with a proven ability to lead, mentor and coach diverse teams of varying sizes
Strong entrepreneurial spirit - highly collaborative, able to express ideas readily, manage change fluidly, able to influence and identify opportunities for improvement
Candidates must have a portable and established network of financial services industry contacts and have a track record of selling advisory services
Ability to interact seamlessly with C-suite, senior executives and Boards of Directors
Ability to quickly diagnose issues and to develop and successfully oversee the execution of action plans
Ability to multi-task, work independently and as part of a team, establishing cooperative and collaborative working relationships, including managing conflict and escalations should they arise
Excellent interpersonal, communication (both writing and verbal), marketing, sales and organizational skills
High level of proficiency in Microsoft Office, with a focus on Word, Excel and Powerpoint
Ability to travel as needed
Must be able to work in the UK without sponsorship now or in the future
Preferred Qualifications
· CAMS or similar certification
· Master’s Degree in Business Administration or related field
· Experience and/or knowledge in: (i) non-traditional financial services organizations (e.g., payments, fintech, crypto, etc); and (ii) understanding and/or knowledge of North American and Asia Pacific financial crimes laws and regulations.
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