What are the responsibilities and job description for the VP, Financial Crimes Compliance Systems Screening Lead position at Phaxis?
Position Overview :
This role involves overseeing initiatives for compliance in financial crime prevention systems, emphasizing screening technology oversight and improvement. The role balances technical and compliance-based responsibilities, requiring expertise in system structures, data integration, and collaborative project management. You'll partner with internal teams and external parties to optimize processes, ensure system efficiency, and uphold regulatory standards.
Primary Responsibilities :
- Lead Compliance Screening Projects : Direct the evolution and integration of screening systems, including tools like Watchdog and Hotscan, to meet industry standards.
- Technical System Insight : Act as the go-to expert on system architecture, understanding data movement and configurations to maximize system reliability.
- Team Liaison : Coordinate across diverse teams, including compliance, management, vendors, consultants, and IT, to achieve project milestones and system efficacy.
- Data Path Optimization : Analyze and enhance data flows, refining system settings to minimize false alerts and strengthen detection.
- Regulatory Alignment : Ensure all systems adhere to standards related to AML, sanctions, and related compliance, coordinating with relevant teams to meet audit expectations.
- Vendor Partnership : Collaborate with external providers for system enhancements, holding them accountable to agreed terms and deliverables.
- Performance Tracking : Develop protocols to monitor system efficacy, user engagement, and any flagged incidents.
- Ongoing Improvement : Proactively introduce automation and tech enhancements to streamline screening systems.
Desired Qualifications :
Education and Experience :
