At Standard Chartered, emerging markets are the places we call home. For over 150 years we've been banking the people and businesses contributing to growth in Asia, Africa and the Middle East. With more than 90,000+ employees representing 133 nationalities, everything we do is founded in our brand promise of being Here for good.
Financial crime is the most profitable industry in the world. It's funding terrorist activities and fuelling drug epidemics world-wide, supporting slavery and proliferating weapons of mass destruction. It affects all of us. We are committed to helping the communities we call home overcome the repercussions of financial crime. So they can continue to emerge and grow sustainably. We believe that together we can lead the way in the fight against financial crime. That's our vision. Working with us is a unique experience that's defined by the people who work here together. At Standard Chartered, you'll have the opportunity to work alongside some of the most brilliant minds in the industry, led by a world-class team, driven by the collective purpose of fighting financial crime.
This role will give the right candidate a chance join the Analytics and Client Risk Identification team within Financial Crime Compliance (FCC). This role along with the team will work with key stakeholders across the bank to design, develop and implement analytical instruments to identify patterns, risk indicators, linkages and illicit activities within FCC using the banks data and systems infrastructure.
Key Roles and Responsibilities
Key Roles & Responsibilities
To assist in the design and the development of a data infrastructure that will allow ad hoc analysis, predictive analytics and reporting for FCC
To develop the data foundations to allow for Financial Crime models to be built, through technical and business interaction with the wider Business FCC segments, and Technology
To design, build and maintain industry leading analytical instruments and programmes that will:
a. Identify patterns using Data Mining, supervised and unsupervised learning techniques (e.g. Neural Network Analysis, Social Networks Analysis, and Clustering), Rules Based approaches, adhoc analysis b. Provide innovative ideas to identify patterns of risk and illicit activities proactively c. Undertake predictive analytics on Financial Crime data d. Drive iterative and continuous improvement in the analytical instruments.
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.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Work with senior members of the FCC team and wider business to identify risks and steps to mitigate them
Supports global regulatory interaction, particularly in relation to requests for information from regulators.
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Qualifications and Skills
Because we have a big vision, there's a lot to do. We need people who are comfortable with the unknown and passionate about building something for the long term. If impact is your ultimate goal then there never was a better time to join us because the work that you do will influence the direction that we take.
Bachelors or Advanced degree in finance, accounting, mathematics, or relevant quantitative discipline with excellent quantitative methodological skills
Five years analytical experience identifying trends and proposing new or revised analytical approaches to discover illicit activity within data sets
Strong oral and written communications skills and experience defending research findings
Strong skills in both SAS and SQL, plus one other programming language desirable (e.g. VB, R). Proven application of coding paradigms to data environments. Microsoft Office
Data gap, ETL, Data Quality and Data Warehousing capabilities
Excellent collaborative and stakeholder skills and a desire to work as a part of a high functioning team of financial intelligence specialists
Project management skills, preferably gained by building similar functions in other global financial institutions
Experience with commercially available AML and Financial Crime software platforms including Detica (formerly Norkom), Fircosoft, MTS, SCStar, Mantas, Falcon and Memento fraud prevention
Experience with HDFS and related client tools desirable.
Technical Competencies (Proficiency scale: Entry, Core, Advanced, Expert) Category Competency Proficiency Level 1.0: Execute Compliance Governance, Frameworks and Models 1.1: Partner with the business to make decisions based on the knowledge and interpretation of current and possible future policies, practices, trends and information of financial crime ADVANCED 1.3: Develop and implement risk and Market Integrity methodologies ADVANCED 1.5: Advise on how local culture might contribute to financial crime vulnerability CORE 2.0: Advise on Sanctions / AML / ABC 2.4: Evaluate products, services, geographies and customer segments of the bank that might be vulnerable to Sanction/AML/ABC and regulatory risks ADVANCED 3.0: Implement Identification, Monitoring, Testing, and Reporting 3.4: Partner with Business and Operational Risk to identify and mitigate financial compliance risks ADVANCED 4.0: Manage and Mitigate Risks 4.2: Partner with legal counsel for advice on technical matters CORE 4.4: Review system safeguards and recommend process enhancements ADVANCED 5.0: Manage FCC Regulatory Relationships 5.1: Participate in regulatory and supervisory meetings and consultations ADVANCED 5.2: Partner with legal counsels for matters regarding individual liability and country expertise CORE 5.4: Partner with regulators locally or globally ENTRY