Analyze 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.
Document and maintain all core documents, including policies/processes/DOIs.
Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions.
Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management [EDIT IF REQUIRED].
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.
Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
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.
Develop and/or implement risk management frameworks (e.g. ORF, GRA) including methodology, governance / process, analysis and action planning.
Advise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologies.
Propose control improvements, enhancements and simplifications where appropriate.
Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
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 FCC CRM GC & NA 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.
PQE 8 to 10 years as AML/FS compliance specialist
Current role as AML/FS Officer or deputy AML/FS officer preferably with experience in a branch of a foreign bank or mixed i.e. have worked both in local and foreign bank
Working knowledge of AML/FS laws and regulations - US, EU, UN and Local
Working knowledge of AML/FS monitoring tool
Sound knowledge of AML/FS 2nd level control and framework
With in-depth product and process knowledge - Trade Finance (must) , cash management (must), hub payments processing (must), correspondent banking (must), corporate banking, markets/treasury operations & products
Internal Number: 5025337
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