Risk Management Consultant - Financial Crime & Compliance Assessment-Banking

We are seeking an experienced Risk Management Consultant with a specialization in financial crime risk, AML compliance, and banking regulations to conduct a comprehensive assessment of our risk landscape over a 2-3 month period. The consultant will be responsible for analyzing and evaluating our customer base, geographical risks, products and services, international transactions, and inherent risks, with the goal of identifying weaknesses and providing actionable recommendations to strengthen our risk management frameworks.

This is an onsite position, and the consultant will work closely with our internal teams to evaluate and assess various aspects of our risk management systems.

• Assessment of Customer Base: Conduct a thorough analysis of our customer demographics, identifying high-risk customers, sectors, and trends. Provide insights into customer behaviors and evaluate the effectiveness of our current customer risk profiling.
• Geographical Risk Evaluation: Assess the geographical regions in which the bank operates, considering inherent risks associated with each area (e.g., political instability, economic conditions, historical financial crime data).
• Products and Services Review: Evaluate the bank's product offerings and services, identifying those that may present higher risks concerning financial crime and regulatory compliance. Make recommendations for risk mitigation or adjustments.
• International Transactions Assessment: Review and analyze the bank's incoming and outgoing international transactions. Evaluate current risks related to cross-border transactions, such as money laundering, terrorist financing, and compliance with international regulations.
• Country Risk Analysis: Perform an in-depth analysis of country-specific risks, including political, economic, and regulatory conditions, and historical data on financial crime in the regions where the bank operates.
• Inherent Risk Identification: Provide a clear outline of the inherent risks identified across customer base, geographical regions, products and services, and international transactions.
• Control Assessment: Evaluate the bank’s existing internal controls and processes to mitigate the identified risks, including compliance measures, anti-money laundering (AML) programs, and fraud prevention mechanisms.
• Residual Risk Evaluation: Assess the residual risks after control measures are applied. Evaluate the effectiveness of the bank’s current risk management strategies and identify any remaining vulnerabilities.
• Findings and Recommendations: Provide a comprehensive report detailing the key findings of the assessment, along with actionable recommendations to address identified weaknesses and enhance risk management processes.

• Education: Bachelor’s degree in Finance, Risk Management, Law, or related field. Advanced certifications in Financial Crime Risk, AML, or Compliance (e.g., CAMS, ACAMS, CRISC) are highly preferred.
• Experience:
  • Minimum of 8-10 years of experience in risk management, compliance, or financial crime prevention within the banking sector.
  • Strong expertise in performing risk assessments, AML audits, and financial crime risk evaluations.
  • Extensive experience with international banking transactions and cross-border risk management.
  • Proven experience in assessing country risks, geographical risk evaluation, and political risk analysis in the context of banking operations.
• Skills:
  • Strong analytical skills and experience in using risk assessment methodologies to identify, evaluate, and mitigate financial crime risks.
  • In-depth knowledge of international AML regulations, KYC (Know Your Customer) practices, and financial crime prevention.
  • Familiarity with the FATF, OFAC, and other international financial crime regulations and compliance standards.
  • Excellent communication skills, with the ability to present findings and recommendations to senior stakeholders and internal teams.