Vp - Global Affiliates Risk

-Job description**Why join us?**

To act as a global lead, managing and connecting teams responsible for the management of Affiliate Risk globally across 1LOD and 2LOD. The role requires oversight of the implementation of target operating models, governance and development of strategy.

Be part of a first line of defence operating within High Risk Sector team, in CIB Business Risk. The role covers interfacing with a number of different geographical areas and stakeholders within the Global Affiliates team, comprising of Affiliate Relationship Management, Affiliates Due Diligence, Affiliates Financial Crime Risk Stewards and KYC Operations Team.

**What you’ll do**:
The role includes responsibility for, and execution of the Affiliates end to end strategy and implementation of the Target Operating Model with oversight of control activities, processes and operations. Oversight of control monitoring activities, oversee, advise and maintain Affiliate specific variations to Group policies and procedures. The role holder will be a source of expertise to the market, CEOs, ARMs and ADD on Affiliate strategic, control and process related matters. The role holder will participate and manage the reporting to appropriate governance forums, regulators and key stakeholders for the Affiliates Team. This includes active involvement and management of the Affiliate Operating Committee (OpCo) and inputs to Affiliate Risk Working Groups, CIB Business Risk (including recommendations/options and Affiliate Financial Crime Risk Committee (as needed).

An integral part of the Global Team responsible for ensuring the highest standards of oversight of Affiliate Risk, primary day-to-day responsibilities include:
**Operations**:

- Oversight of the framework under which affiliate financial crime events are managed ensuring appropriate action is taken to remediate/mitigate financial crime risk, with escalation to the appropriate governance forum in a timely manner, where required.
- Working to ensure that processes that manage Affiliate relationships do not deviate unnecessarily from those used to manage LOB customer relationships.
- Engaging as required to support the Resolvability Assessment Framework.
- Connecting key stakeholders within the Global Affiliate teams to facilitate engagement and information sharing.
- Contributing to the development of the annual Enterprise Wide Risk Assessment in respect of Affiliate Risk.
- Creation and oversight of any Affiliate specific controls.

**Stakeholder engagement**:

- Regularly engage with the appropriate Affiliate Relationship Managers, Affiliates Due Diligence, Affiliates Financial Crime Risk, KYC Operation, Lines of Business and Country and Regional Teams to provide advice and guidance on Affiliate matters.
- As Global lead, represent the Global views, support and expertise in daily interactions with all stakeholders.
- Liaison with across line of business and with regional Chief Controls Offices to identify opportunity for alignment and to perform read across.

**Strategic initiatives**:

- Contribute to the ongoing development and maintenance of policies & procedures in respect the Global Affiliates Team.
- Liaise with regional/ third party teams to identify opportunities for alignment and introducing efficiencies to the Affiliate Risk processes.
- Oversee the development and monitoring of the Affiliate strategic plan, including regular reporting at required governance on the change control process.
- Oversee updates to Target Operating Models, Policies & Procedures in respect of the Global Affiliate Team.
- Provide input into the development of business and functional requirements in respect of Affiliate related matters, where appropriate recommend amendments to guidelines as part of the Global Team.

**Governance / Reporting**:

- Create and manage submissions to appropriate global governance forums, key regulators, for the reporting of progress within the Global Affiliates Team, including reporting of ongoing escalations, actions and mitigating actions.
- Provide input from a Global perspective to relevant regional governance forums e.g. Affiliate Risk Working Groups (ARWG).

**Operating Effectiveness and Controls Management**:

- Risk Control Assessment and Operational Risk management and monitoring, including the coordination of audit and controls testing activities.
- Ensure there is a framework to manage Affiliate trigger events in a timely manner and ensuring appropriate action is taken to remediate/mitigate financial crime risk, ensuring escalation to the appropriate governance forum in a timely manner, where required.
- Oversight of the KYC book of work to ensure it is completed in a timely, accurate and thorough manner that reflects the financial crime risk and mitigating factors by effective monitoring of key performance and risk indicators.
- Encourage, implement and support improvements and efficiencies in the Affiliate process without compromising Global / Regional standa