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To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base. Role Responsibilities
Assist the Regional Head of FCC in managing the FCC Surveillance programme. Identify and manage FCC risks in Transaction Monitoring, Transaction Screening and Name Screening across the Region, and provide support to Country FCC teams in addressing any surveillance issues or concerns. Drive and support delivery of Group/Regional driven changes in FCC surveillance related policies, standards, processes, systems, target operating model, and any other additional activities to support the improved effectiveness and efficiency of FCC surveillance activities across the Region. Review and challenge any variations initiated by countries. Represent the region on key governance fora, both bringing requirements and challenge from the countries and pushing information and expectations into countries. Promote and manage throughout the Region the culture and practice of FCC risk management within the letter and spirit of applicable laws and regulations. Strategy
- Input to Group/Region/Country/Client Business operating model design of relevant FCC and business processes.
- Define criteria for regional and country stakeholders to accept changes and provide SME advice to manage and implement changes to manage FCC risk in Region and Country.
- Ensure that there is adequate support and provide SME guidelines (people, processes, tools, frameworks, systems) in the [Region/Country/Department] to ensure core FCC surveillance proceses excuted in Country FCC are well managed.
- Initiate and facilitate conversations with Regional business partners to ensure all initiatives are in compliance with Group standards and applicable laws & regulations
- Analyse comprehensive impact of financial crime related regulatory matters on the relevants business area and its operations.
- Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
- Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.
- Cultivate and manage relationships with members in Group Internal Audit (GIA), Financial Crime Compliance Assurance (FCCA), Group FCC, ITO, Regional CFCC and other key stakeholders to resolve obstacles and enable successful updates of key FCC surveillance applications and changes to process.
- Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications.
People and Talent
- Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
- Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
- Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
- Assist Regional Head of FCC in ensuring [Region/Country/] is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.
- Support the Regional Head, FCC in coordination across region of Assessment, Monitoring and Mitigation of FCC risks in relation to FCC surveillance activities, including:
- Review and endorse operational risk issues, control effectiveness, residual risk and treatment plans for country FCC Surveillance processes
- Challenge and oversight of Residual Risk Assessment and RCSA
- Review relevant findings from CFCC Assurance, Audit or regulators related to FCC Surveillance and proposed action plans
- Review and challenge in country first line FCC Surveillance process design
- Monitor and assess performance of First Line of Defence against risk appetite, control effectiveness, frameworks and policies and methods to assess likelihood and/or materiality of impact
- Support coordination across the region of adherence to Financial Crime Risk management related principles
- Oversight and Monitoring of AML, Sanctions, ABC and Fraud Risk sub-types across the region (on behalf of the Regional Head FCC)
- Review any proposed risk-based changes within FCC Surveillance processes impacting the country and the Region
- Oversight of the review and approval process on relevant thresholds, rules, screening watchlists that applicable to FCC surveillance processes for countries.
- Identification of regional ad country threats and typologies including horizon scanning
- Ensure the suitability and quality of case data maintained on enterprise case management systems.
- Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name Screening and Transaction Screening, AML Monitoring and Case Management.
- Identify and escalate to relevant business stakeholders and Group RFO (and delegates) as necessary key risks not adequately addresses through FCC Surveillance processes
- Analyse significant financial crime risk events (e.g. SAR's, non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally as well as externally across all relevant jurisdictions.
- Oversight of the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
- Oversight of the relevant lists and database as used by the screening systems are up to date.
- Provide advice and oversight to relevant stakeholders on possible risk management responses to identified risks (AML/Sanctions/ABC/Fradu) and/or findings of concerns from investigations.
- Assess risks arising from products / segments / geographies / customers / transactions.
- Review the results of the FCC Group Risk Assessment related to FCC surveillance activities across the Region.
- Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
- Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
- Support of Countries in oversight of FCSO case management and alert review, disposition or escalation per applicable Group AML/CTF Standards and agreed Guidelines and DOIs.
Regulatory & Business Conduct
- Attend relevant leadership meetings and governance committees.
- Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
- Provide subject matter input to training materials, communication and culture initiatives.
- Propose control improvements, enhancements and simplifications where appropriate.
- Support all control checks/testing undertaken by Country FCC (2LOD) under FCC surveillance related ORF, propose control enhancements and simplifications.
- Provide support to Countries in ensuring any variations against Group Policies, Standards and DOIs are documented as country addendums and approved by relevant RFOs and GPOs
- Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
- Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and help to drive drive remediation action within the FCC function.
- Display exemplary conduct and live by the Group's Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
- Lead the Regional FCC Risk & Controls team to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Prepare and consolidate responses to regional and local regulators on any enquiries related to surveillance activities/controls, including but not limited to, new system or solution implementation, new screening approach adoption and self-identified risk items.
- Regional Head, FCC
- Country Heads of FCC
- Regional/ Cluster and Country Heads of FCSO
- Group/Regional CFCC stakeholders
- Group Internal Audit
- Business Accountable Executives in Region and Group
Our Ideal Candidate Qualifications
- Embed Here for good and Group's brand and values in Regional FCC
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Role Specific Competencies
- Graduate / Postgraduate with job related certification
About Standard Chartered
- Compliance Policies and Standards
- Compliance Advisory
- Compliance Review and FCC Assurance
- Surveillance (including Screening and Monitoring)
- Compliance Risk Assessment
- Regulatory Liaison
- Manage Change
- Manage Projects
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
In line with our Fair Pay Charter,
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
- Flexible working options based around home and office locations, with flexible working patterns
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
- some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers