Manager - AML/KYC, FCC & Sanctions

The role will be part of the of the Governance, Risk & Compliance (GRC) Department, supporting the overall CME Group Compliance and Ethics Program and reporting into the Director AML/KYC and Sanctions Due Diligence.

The AML/KYC, FCC & Sanctions Manager undertakes the day-to-day management and operational activities related to all of AML/KYC, FCC & Sanctions Due Diligence in relation to Onboarding of new Clients, the Periodic Reviews and Event Driven Reviews of existing clients across the CME Group, in line with CME Group’s Global Financial Crime compliance program and all applicable global sanctions legislation including but not limited to US, EU, UK sanctions programs.

The role will involve working as part of the KYC/AML, FCC and Sanctions Due Diligence Team, collaborating closely with CME’s Legal Team, Compliance & Ethics Team and Global Assurance Team to meet all relevant Group Policies and it’s local and international regulatory obligations.

Principal Accountabilities:

• Responsible for imbedding and enhancing the relevant AML/KYC Due Diligence, FCC & Sanctions procedures, enhance existing Systems and Controls whilst proactively seeking new and innovative systems to improve standards.
• Timely implementation of relevant and applicable laws, regulations, procedures, processes guidance, rules and group policies provided by CME Group Legal and Compliance divisions as part of Group legal and regulatory obligations.
• Enhance, create efficiencies and excellence in AML/KYC and Sanctions due diligence and service provision and coverage to relevant departments/divisions and teams across CME Group, in support of the applicable regulatory and policy requirements and CME Group’s strategic objectives.
• Manage the systems and technology requirements which will best support the sanction controls that the function operates.
• Manage effectively the end-to-end onboarding, Periodic Review and Event Driven Reviews to avoid unnecessary delays or backlogs in any of the workstreams such as Onboarding, Periodic Reviews and Event Driven Reviews.

• Proactively work to improve the outcome of annual AML/KYC and Sanctions internal audit reports conducted by CME Group’s Global Assurance (GA) function.
• Drive data quality standards throughout all processes and demonstrate continuous improvement on service delivery. Define standards for the team and ensure essential procedures are followed. Apply in-depth knowledge, experience, and understanding of the legal and regulatory environment to assist the team to resolve day to day issues.
• Provide appropriate guidance and direction based on practical experience and knowledge and is accountable for the quality and timeliness of the results the team delivers.
• Educate the team to reach the appropriate levels of technical understanding.

• Identify and escalate upstream risks and proposed solutions in a timely manner.
• Provide direction in terms of specific job departmental responsibilities, project planning, daily operations. Cultivate a culture of continuous process improvement, efficiency and innovation.
• Where required, oversee outsourced assistance to meet the applicable resourcing requirements including identifying and scoping requirements, sourcing and ensuring they operate to the required standards.
• Ensure the team is resourced sufficiently to meet the current and upstream control requirements across CME Group, CME Group projects and commercial initiatives that impact the Group’s AML/KYC, FCC and Sanctions framework.

• Lead and manage the team’s support of all Assess and define the impact on processes and procedures where new products are provided and/or services are expanded or when existing products / services move to new jurisdictions or new market segments or when existing products and/or services are modified/retired.
• Act as champion and/or escalation point for senior leaders across the organization (BLM, Global Ops, Compliance, Technology) for critical initiatives or concerns related to the sanctions processes.
• Act as a strong advocate for communications and collaborations among various teams and departments within the CME Group including CME’s Technology, Operations, BLM and CD&S and various other functions within Legal and Compliance.
• Occasional overseas travel will be required.

Required Skills:

• Strong AML/KYC and sanction knowledge based on legal and regulatory requirements and risks (minimum 5-10 years in a similar role), including relevant qualifications (e.g., Diploma in Financial Crime or similar).
• Strong people and team leadership skills, with prior experience in leading AML/KYC/Sanctions due diligence teams.

• Ability to identify and escalate potential red flags relating to entire businesses or individual cases, and to facilitate challenging discussions between senior stakeholders
• Experience analysing information to make or inform decisions relating to people, processes and technology changes.
• Ability to operate and lead effectively in ambiguous and uncertain situations.
• Key resource planning capabilities to ensure proper short- and long-term team resources and structure, including both internal and external resources.
• Ability to prioritize resources to deliver results using a risk-based prioritization methodology.

• Excellent process and procedural knowledge, advanced team building and collaboration skills to manage the diverse services provided.
• Experience on the design, development and operation of KYC/AML/Sanctions processes and systems and controls in accordance with compliance policies and programs.
• Excellent analytical skills and the ability to discern the practical application of regulatory and legal requirements.
• Ability to communicate and influence assertively, clearly and concisely, both in writing and verbally, strong attention to detail and accuracy.
• Highly professional, courageous, and diplomatic in interactions, demeanour and presentation.

• Confident and decisive in stressful situations and tight time frames; utilizes good judgment and demonstrates maturity, tact and diplomacy; maintains confidence and utilizes the utmost in discretion.
• Solid project management skills (ability to manage several competing assignments and perform assignments accurately and in a timely manner).
• Knowledge of computer software (e.g., MS Office, Excel, PowerPoint, MS Project), AML and screening (e.g., WorldCheck) and ability to learn new software systems quickly.