To support the country Head of Financial Crime & Compliance (FCC) Controls in providing support, oversight and assurance that core operational processes executed in FCC, as well as the specialist supporting systems for surveillance/ screening are functioning effectively and efficiently in handling financial crime risks for the business as usual teams.
Key Roles and Responsibilities
Ensure that there is adequate support (people, processes, tools, frameworks, systems) in Malaysia necessary for FCC controls.
Set and implement the vision, strategy, direction and leadership for Malaysia FCC Controls, consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.
Analyse comprehensive impact of financial crime related regulatory matters on the relevant business area and its operations.
Ensure that key changes (to laws, rules, regulations) are communicated and cascaded 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 Malaysia 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.
Collaborate with training teams to input to training curriculum to support closing of capability gaps.
Ensure Malaysia FCC Controls 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.
Ensure staff have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.
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 and Transaction Screening, AML Monitoring and Case Management
Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring systems.
Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
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.
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.
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.
Advise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologies.
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).
Attend relevant leadership meetings.
Provide support in overseeing FCC Controls for Malaysia
Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
Propose control improvements, enhancements and simplifications where appropriate.
Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
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.
Lead or influence significant programmes of work in support of the financial crime compliance objectives.
Review new business requirements and provide solutions where required.
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.
Support Malaysia FCC Controls 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.
Qualifications and Skills
Minimum 10 years' all-rounder banking experience.
The role holder with prior experience in Transaction Surveillance and AML activities and processes is preferred.
Experience of FCC (or departments related to combating Financial Crime and CDD related activities).
Have a good knowledge of the Group, the Policies, Procedures and Standards relating to Financial Crime Risk, as well as knowledge of the local regulations and legislation on AML/CTF and sanctions.
Must possess ability to assess risk , excellent interpersonal skills and multi cultural awareness and sensitivity.
Good knowledge of banking products and support structure, strong written and verbal communication skills; general operational knowledge.
Subject matter knowledge on KYC, AML / CDD Certification.
Knowledge of Core Banking systems & other transaction & customer related systems.
Expertise in the practice and theory of Predictive, Risk and Data Analytics.
Expertise in developing visualization Dashboards.
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.