The Director, Transaction Screening - Operational Risk, who will be part of FCC Controls Transaction Screening Product Management team will need to define the Operational Risk frame work for the transaction screening process, identification of potential failure points, documentation of mitigating controls, defining periodic checks like CST, KCSI's that feeds into Residual Risk Tracking. This role also is responsible for performing Data Quality checks, as part of Data Quality Management Framework and be responsible for getting data quality checks performed on the information fed by upstream transaction processing systems to transaction screening system and escalate it to appropriate governance committees for mitigation and remediation.
Key Roles and Responsibilities
Analyse comprehensive impact of financial crime related regulatory matters on the relevants business area and its operations.
Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications.
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.
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.
Providing governance and oversight over the implementation of FCC-related policies and procedures in [Globa/Region/Country/Business] to ensure compliance with such policies and procedures.
Provide advice to relevant stakeholders on compliance with Group standards relating to [AML/Sanctions/ABC].
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.
Ensure staff in [Region/Country/Department] have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.
Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management [EDIT IF REQUIRED].
Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring systems.
Review and assess existing system and controls relevant to FCC to ascertain operational performance and effectiveness.
Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
Establish and maintain watch lists used for customer and transaction screening and various other due diligence and investigative purposes (local/regional internal and external).
Ensure that the relevant lists and database as used by the screening systems are up to date.
Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
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.
Attend relevant leadership meetings.
Ensure tracking and remediation of surveillance and investigations related regulatory findings.
Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
Regulatory & Business conduct )
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 group team to achieve the outcomes set out in the Bank's 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.
Serve as a Director of the Board
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent)
Data Quality Management team
Group Sanctions Specialist TeamFCRMP
Embed Here for good and Group's brand and values in contol screeing.
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
Data Service level agreement, (On-Going)
Review of all upstream data service level agreement and identify exception in terms of what actual contents are listed in CDE and the feasibility of data quality expectation on each CDEs.
Trade- TSaaS service level document - Meeting Data quality matrix and escalation- DQMF (On-Going)
Identify data quality issues, and escalate it to respective functions for necessary actions
Collate the data quality issues and highlight it to respective governance committees
Logical reasoning and identifying tactical solution for the same.
Dispensation for risk identified based on risk sub type and rating. - Operational Risk Framework (On-Going)
Operational Risk Assessment - Review of defined potential failures to check for changes in definition.
- Identification of gaps and confirmation of inclusion of all potential failures - Constant review of Control description, Control standards and threshold settings
Control and KCI/CST implementation - Tracking of control implementation - Change of Ownership of each controls - Track status on Control sample testing - Ownership of each controls
Setting RACI matrix for each control and KCI/CST. - Uploading into KNOX and OPTIAL. - Identify tactical solutions for all proposed controls which have dependencies. - Identify the inclusion of all proposed controls in the PEDs which are being released.
Residual Risk Assessment For FCSU
Gap analysis done on Residual Risk Assessment comparing previous RRA documents.
Review of FCSU related controls and testing results
Detailed analysis of the exceptions identified
Conduct RRA monthly meeting
Actions resulted from the outcome of meeting, will be tracked to closure
Following approval process for RRA
Review of US process and testing methodologies and help standardising the process
Residual Risk Assessment of NEW ORA
Record testing results
Identify gaps and track to closure
Track Control effectiveness and make necessary changed during the OR refresh
Detailed analysis of the exceptions identified
Conduct RRA monthly meeting
Actions resulted from the outcome of meeting, will be tracked to closure - KCI CST execution
Review of the changes (Systems/process/Regulations), reviews latest version of GSP with FCC Segment/In-country FCC and the sanctions compliance to identify any additional changes/gaps.
Bridge gaps and followed defined approval processes.
Review the list of UAT executed by FCSU and identify if there are any gaps in terms of the approval processes and deviation from the requirements.
Access rights for leavers and movers have been removed using Security matrix. - Data quality monitoring- BAU (On-Going) - Setting escalation procedure for all exceptions identified - Share analysis results with group OR, for requirement of a SORE - Necessary follow-ups to ensure if a tactical or strategic solution is provided - Emphasis the Data quality expectation in the data service level agreements.
Qualifications and Skills
15 years of experience in Banking Operations / Technology / Techno-functional
3-4 years of experience in Sanctions Screening Operations / Compliance / Operational Risk
Proven track record of managing change and delivery
Analytical skills, data management expertise
Excellent stakeholder management skills
Strong project management and reporting skills
Excellent written and spoken communication skills
Professional, highly adept at problem-solving and conflict resolution
Must demonstrate a "can do" attitude
Strong MS Office skills (Word/Excel/PowerPoint/Visio), excel macros, VB scripts
Experience and knowledge of SWIFT and other payment messaging protocols
Prior experience in Fircosoft or other screening infrastructure.
Experience in large data management and analytical skills
How To Apply
You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following:
- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role
- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information) - We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application
It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
The closing date for applications is 30/09/2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.