Executive Manager, Financial Crime

  • IAG
  • Sydney NSW, Australia
  • 15/08/2019

Job Description

#CLOSER #BRAVER #FASTER

The Role

The purpose of the role and your unique contribution is to provide Group-wide leadership for the strategic direction, implementation, governance, support and maintenance of IAG’s Financial Crime management framework.  Delivery of these activities will be aligned with the overall Group Risk strategy, organisational capability and industry best practice.     

Key Responsibilities:

  • Design and implement a fit for purpose financial crime management framework for IAG, encompassing Anti-Money Laundering and Counter Terrorism Financing (AML/CTF), Sanctions, and other related legislation, including common reporting standards.  This includes executing an overarching strategy to enable the Group to comply with relevant legislation across the Group’s operating regions and relevant cross-border legislation. 
  • Influencing of senior management in the articulation of strategic direction, governance, monitoring and maintenance of the financial crime management framework.
  • Establish and manage the appropriate policies, processes, governance mechanisms and forums to ensure the effective oversight of the framework, including appropriate reporting to senior management and regulators. 
  • Build, implement and embed any required processes and technology solutions to support the management of financial crime.
  • Continual environment scanning for opportunities to leverage leading innovation to best support IAG and to understand potential impacts of any proposed process changes on IAG and its customers.
  • Proactively maintain collaborative relationships with key internal (e.g. Group Risk, Customer Labs and Group Technology Office) and external (e.g. regulators, systems suppliers and industry peers) stakeholders with a view of maintaining alignment with current Group Risk and IAG strategy and requirements.
  • Identification of industry-wide themes, issues and emerging risks related to financial crime, liaising with industry peers, the business and the broader Risk teams to make recommendations and ensuring co-ordinated, pragmatic and effective responses.
  • Work with relevant stakeholders to ensure that appropriate mechanisms, processes, change management planning, supporting collateral, training and communications exist to provide effective support for all impacted individuals of the suite of programs of work required to ensure compliance with relevant legislation.
  • Provide appropriate guidance and independent oversight regarding the strength of the related control environment and its alignment with Risk Appetite, including the development and maintenance of a consist set of controls, key risk indicators and risk appetite metrics across the Group.
  • Monitoring and improving the quality and breadth of financial crime data through working with key business stakeholders to develop data sources and build a reporting suite that maximises the consistency, validity and integrity of data used for monitoring, assessment and reporting across the Group. Ensure that there is effective and continuous governance and oversight around the robustness of all data sets used to manage financial crime so as to support required analytics and reporting.
  • Lead a team of financial crime management specialists within Group Risk.  Develop and nurture culture and talent across IAG, promote IAG's values and apply IAG's leadership principles in support of IAG's strategic intent

Skills & Experience

  • 10+ years relevant business experience.
  • Senior level leadership within a core risk management role with ability to engage and influence executive management and Board level.
  • Demonstrated understanding and experience with industry regulators.
  • Leadership within complex business and regulatory environment.
  • Proven ability to actively keep abreast of changes in external environment and translate into internal environment.
  • Proven ability to work collaboratively across whole of function and broader Group to reach common approach.
  • Knowledge and experience in developing and implementing contemporary, evidence-based and fit for purpose governance frameworks, systems and processes for key functions.
  • Courage; confidence; self-awareness; nimble learning.
  • Proven ability to influence and work within connected external partnership environment.
  • Highly developed communication skills

 

About Us

At IAG, we believe that everyone has a unique point of view to share, shaped by their life experiences, cultures & passions. We celebrate and commit to:

#Proud to be me – we value difference, not sameness

#Together – harnessing our collective wisdom enables us to be our best for our customers & each other

#No boxes – it’s not about labels, boxes or categories. It’s about building a diverse and inclusive mindset into everything we do

IAG is the largest general insurance group in Australia and New Zealand. We own some of the region’s most trusted brands, including NRMA Insurance, CGU, SGIO, SGIC and WFI.

Let’s Talk

Start your career journey with us and click ‘Apply’! Applications Close 23rd August

In addition to a diverse and inclusive culture, some of our benefits include 13% superannuation, 50% insurance discounts, flexible work and leave options, generous parental leave and return to work program, recognition and reward program, and various corporate partner discounts.

We encourage Aboriginal and Torres Strait Islanders to apply for this position.