Job Description

The Role Responsibilities

• Review level risk events/cases in line with the Trade AML Standards and AAA DOI
• To escalate any positive risk events / cases to country FCC for their review and decision
• To ensure implementation of Trade AML policies in line with the procedures in vogue
• To work with stakeholders (country FCC, FCC controls management team, Global Trade FCC) to work on AML related issues.
• To continuously provide input to stakeholders on improving the overall AML process \xe2\x80\x93 including system related.
• Manage the FCSU Trade AML/ Trade Fraud and Financial Markets TPP teams across FCSUs.
• Completion of Group initiatives including budged saves
• Work with the SAIL project team for implementation of strategic solutions

Responsibilities

• Review pre and post transaction risk events / cases from an AML perspective via Trade AML/ Trade Fraud Monitoring and for FM TPP, monitor post transaction risk events/ cases.
• Ensure that appropriate systems, procedures and controls are in place in line with the existing policies and are operating efficiently for Trade and FM TPP
• Ensure timely review and escalation of risk events/ cases to country FCC/RFCIO
• Coordinate SAIL /IT initiatives/ issues with respect to Trade AML/ Trade Fraud monitoring / FM TPP system and Processes.
• Coordinate BCP / DR testing in addition to taking appropriate measure for managing a crisis situation.
• Build skill and talent by undertaking local/international certifications relating to AML.
• Initiate and drive operational excellence activities.
• Secure \xe2\x80\x98Acceptable\xe2\x80\x99 audit ratings for the unit and ensure timely resolution of audit and AML risk related issues.
• Provide inputs to the training team on Trade AML/ Trade Fraud monitoring and FM TPP as required.
• Ensure low levels of attrition in the team.
• Conduct regular skip levels with the staff in the team to ensure employee morale is high.
• To keep the team updated on important aspects of AML policies and procedures from time to time so that the entire team is up the speed with the current policies.
• Ensure uniform implementation of FCSU Trade AML/ Trade Fraud and FM TPP checks across all the FCSUs.
• Ensure completion of CSR initiatives of the Group by the entire Advisory team.

Strategy

• Help ensure that there is adequate support (people, processes, tools, frameworks, systems) in the FCSU for necessary FCC controls.
• Help set and implement the vision, strategy, direction and leadership for the FCSU, consistent with the vision and strategy for FCC and in support of the Group\xe2\x80\x99s strategic direction and growth aspirations.

Business

• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Resolve conflicts of interest arising from regulations and information security.

Processes

• Maintain develop and recommend (for approval by the relevant Risk Committee), appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
• Implement/roll-out Group and FCC processes/DOIs.

People and Talent

• Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.
• 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.
• Collaborate with training teams to input to training curriculum to support closing of capability gaps.
• Help ensure the respective team 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.
• Help ensure staff in the respective team have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.

Risk Management

• Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
• Provide advice on the application of risk management frameworks (e.g. ORF, GRA).

Key Attributes

Governance

• Undertake specialist second-line of defence FCC Assurance Reviews to test the validity and appropriateness of, and business compliance with, financial crime policies and procedures.

• Follow the FCC Controls Quality Assurance DOI to check that for the screening and monitoring risk events the agreed Assess, Analyse, Act (AAA) process is followed and that the agreed outcomes are correct and fully documented leading to the appropriate outcome.
• Track significant issues arising from FCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• Propose control improvements, enhancements and simplifications where appropriate.
• Periodic reporting and timely escalation of significant risks and issues arising from FCC Monitoring and Assurance activities.
• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.
• 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 thus drive remediation action within the FCC function.
• Develop and manage appropriate FCC Assurance methodologies and standards.
• Coordinate with first line of defence (e.g. business) and third line of defence (e.g. Audit) to provide comprehensive risk-based Assurance coverage across the FCSU.
• Implement quality assurance standards and workflows for the FCC Assurance function.
• Attend relevant leadership meetings.
• Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
• Define metrics and/or key risk indicators (KRI) especially for AML and Sanctions.
• Design and maintain dashboards and metrics that allow FCC to dynamically monitor financial crime risk and operational performance for key FCC processes.

Regulatory and Business Conduct

• Display exemplary conduct and live by the Group\xe2\x80\x99s 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 FCSU to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Support relevant stakeholders to respond to regulatory questions.

Key stakeholders

• FCC Controls representatives in group and country

Other Responsibilities

• Embed Here for good and Group\xe2\x80\x99s brand and values in FCSU,
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• Professional with a combination of Trade/ Financial Markets and AML knowledge
• Effective collaborative skills that contribute to positive working relationships with counterparts across various stakeholders
• Understanding of relevant Group, AML policies and standards
• Strong written and verbal communication skills.
• An inquisitive approach to practices and procedures.
• Personal authority and integrity.
• Independence, resilience and good judgement

Role Specific Competencies

• Effective Communication
• Industry Knowledge
• Operational Risk
• Regulatory Environment \xe2\x80\x93 Financial Services
• Risk Management
• Relationship Management

About Standard Chartered

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:

• 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

In line with our Fair Pay Charter, 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 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.
• Recruitment assessments - 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.

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