FC Global Services India LLP (First Citizens India), a part of First Citizens BancShares, Inc., a top 20 U.S. financial institution, is a global capability center (GCC) based in Bengaluru. Our India-based teams benefit from the company's over 125-year legacy of strength and stability. First Citizens India is responsible for delivering value and managing risks for our lines of business. We are particularly proud of our strong, relationship-driven culture and our long-term approach, which are deeply ingrained in our talented workforce. This is evident across all key areas of our operations, including Technology, Enterprise Operations, Finance, Cybersecurity, Risk Management, and Credit Administration. We are seeking talented individuals to join us in our mission of providing solutions fit for our clients greatest ambitions.
Job Description
Value Preposition
Contribute to creating a culture of compliance where ethics and integrity are a critical part of what we do every day.
Job Details
Position Title: Associate Director - AML/BSA Compliance
Career Level: L3
Job Category: Vice President
Role Type: Hybrid
Job Location: Bangalore
About The Team
Financial Crimes Oversight under the Financial Intelligence Unit (FIU) group at FCB is responsible for performing oversight of legal entities and business units, quality control testing, and controls assurance testing for key FIU processes and controls.
Impact
The AML/CFT Compliance Officer is responsible for ensuring the effectiveness of the organization's Anti-
Money Laundering and Counter-Financing of Terrorism program. This role involves conducting complex
investigations, performing quality control reviews and testing, analyzing data, and providing guidance to business units on AML/CFT compliance. The officer will play a key role in identifying, assessing, and mitigating financial crime risks while maintaining a strong understanding of regulatory requirements and industry best practices.
Key Deliverables
- AML/CFT Program Execution and Oversight - Develops and executes the Compliance Risk Management Program related to AML/CFT. Implements complex regulatory requirements impacting multiple systems, processes, and clients. Monitors the effectiveness of AML/CFT controls and recommends enhancements.
- Investigations and Enhanced Due Diligence - Manages an evolving portfolio of complex suspicious activity investigations. Reviews client relationships involving multiple accounts, geographic locations, and products. Conducts Enhanced Due Diligence (EDD) reviews for higher risk clients.
- Quality Assurance and Testing - Performs controls assurance testing in accordance with enterprise standards. This includes periodic development and maintenance of an annual controls assurance test plan and conducting end-to-end processes to test and report the design and effectiveness of key processes and controls. Manages and conducts testing of AML/CFT policies, procedures, and functions. Develops review procedures to maintain quality and consistency of testing approach. Identifies potential issues, exceptions, or patterns within the compliance program.
- Data Analysis and Reporting - Sources, validates, and interprets data for discrepancies and risks. Effectively communicates analysis output and prepares reports for management. Develops methods of measuring the quality and performance of compliance functions.
- Regulatory Research and Training - Maintains expertise on AML/CFT laws, regulations, policies, and procedures. Serves as a resource to management and business unit leaders on AML/CFT matters. Develops training materials for the team and assists in training and mentoring.
Skills And Qualification
Required Area of Experience: Compliance, Legal, Audit, Banking or other related experience
- Bachelor's degree
- 12 + years of experience in AML/CFT compliance, investigations, or related field
- Professional designation in CIA/CRCM/CAMS a plus
- Strong understanding of BSA/AML regulations, OFAC, KYC, and other relevant regulatory requirements
- Experience with AML/CFT software, data analytics tools, and case management systems
- Effective time management and organizational skills
- Strong organization skills, attention to detail, and communication skills for collaboration, reporting, and documentation of findings
- Demonstrated ability to self-manage and multitask in a dynamic, ever-changing environment
- Ability to work independently or with a team, meet deadlines, and pivot as priorities shift.
- Ability to identify and provide feedback regarding process improvements and potential risks
- Experience of performing assurance activities including substantive testing of transactions and control design and operating effectiveness testing.
Leadership Qualities
- Strong leadership skills including coaching and guiding team, providing performance feedback, leading team through periods of change and transition, and ability to build strong relationships within the team.
- Ability to work independently with minimal oversight, execute against priorities in a timely manner, and adapt to priority shifts.
Relationships & Collaboration
- Ability to build and maintain strong working relationships with business partners through strong communication and a proactive approach to problem solving and identifying risks.
Accessibility Needs
We are committed to providing an inclusive and accessible hiring process. If you require accommodations at any stage (e.g. application, interviews, onboarding) please let us know, and we will work with you to ensure a seamless experience.
Equal Employment Opportunity
FC Global Services India LLP (First Citizens India) is an Equal Employment Opportunity Employer. We are committed to fostering an inclusive and accessible environment and prohibit all forms of discrimination on the basis of gender, religion, caste, disability, sexual orientation, economic status or any other characteristics protected by the law. We strive to foster a safe and respectful environment in which all individuals are treated with respect and dignity. Our EEO policy ensures fairness throughout the employee life cycle. 
