Financial Crime Compliance Advisory

About The team

Within the Compliance Department, the Financial Crime Compliance Advisory Group (FCC Advisory) is dedicated to being a trusted and proactive advisor to the business, tasked with the identification, assessment, and mitigation of financial crime risks. This encompasses a broad range of responsibilities, from reviewing new products to assess potential risks and ensuring controls are adequate, to providing real-time assessments of FCC risks associated with changes in business strategy. Integral to their role is the team's active involvement in the Know Your Customer (KYC) program, ensuring thorough customer due diligence and ongoing monitoring to support the broader FCC objectives. The team also participates in governance bodies, oversees key FCC-related controls and reporting, contributes to FCC initiatives, and leads training and awareness programs to promote compliance culture. Additionally, the team is committed to continuous improvement, regularly updating policies and procedures to align with evolving regulations and best practices.

Reporting to the Vice President of FCC Advisory, this role is responsible for executing specialized FCC related tasks, managing routine operational activities, and acting as a Subject Matter Expert (SME). This role involves overseeing the day-to-day work of various stakeholders, which includes reviewing the work of administrators and representatives, resolving complex FCC-related issues, and escalating matters as necessary. This individual may also provide both formal and informal training, as well as direct workflows in alignment with KYC and Mizuho standards and policies. Collaborating closely with the FCC Advisory Group, the individual will also contribute to enhancing policies and procedures.

Responsibilities

• Provide training and awareness programs to business stakeholders to promote a culture of compliance and enhance their understanding of financial crime risks, regulations, and policy.

• Review negative news and sanctions escalations and maintain evidence of the review in the KYC system, escalating to the AML Officer any confirmed or suspected material negative information.

• Review and provide guidance on escalations related to the KYC customer onboarding and periodic review/maintenance process including analyzing and interpreting complex documents, such as ownership structures and regulatory documents.

• Assist in the review, publishing and/or development of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) for relevant reporting.

• Provide support to Operational and Technology FCC-related initiatives.

• Assist with the Financial Crime Risk Assessment and Transaction Monitoring Risk & Typology Coverage Assessment to deepen the understanding of the firm's financial crime exposure, thereby enhancing the ability to articulate Mizuho’s specific risks when required.

• Regularly review and update policies, procedures, controls, and technology in response to changes to regulations, emerging risks, and industry best practices to ensure ongoing effectiveness of FCC’s program.

• Actively engage in the advisory and support the management of business environment transformations to ensure a fluid transition

• Assist in the review of existing market surveillance reports and contribute to the development and enhancement of a transaction monitoring tool, with a particular focus on trading activities.

• Provide real-time assessments to the business lines of potential FCC risks associated with changes in business strategy (e.g. growth of existing products, new products and client segments, geographic exposures, etc.)

• Ensures adherence to the Mizuho FCC Program; supports industry-mandated changes or system changes by participating in the change process; recommends changes through compliance with firm policies.

Qualifications

• Minimum 5+ Years of specialized experience in Financial Crimes Compliance or related function at an International Financial Institution

• BA or BS Degree in finance, law, criminal justice, or a related field

• CAMS Certification preferred

• In-depth understanding of Financial Crime Compliance regulations including but not limited to USA Patriot Act, Bank Secrecy Act and OFAC.

• Comprehensive knowledge of KYC processes

• Familiarity with current FCC compliance operation practices in the market.

• Proficient in the design and management of trackers/reports for robust oversight and insightful metric reporting.

• Exhibits sound judgement, a sense of urgency, and a commitment to accountability, adept in time management.

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