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The Role Responsibilities
FCSU - Monitoring NCB Specialist ROLE TITLE:
Name: Bank ID: Business Title: Specialist, Monitoring Non-Correspondent Banking (NCB) Grade: Grade D Last Updated: 2016 REPORTING RELATIONSHIPS:
Reports Directly to: Associate Manager / Manager, Monitoring Non-Correspondent Banking (NCB) Reports indirectly to: Not applicable
Direct Reports: Not applicable Indirect Reports: Not applicable
Committee appointments: Not applicable Regulatory relationships: Not applicable Principles statues/regulations affecting the Bank: Principal statutes/regulations affecting the Bank: Proceeds of Crime Act, Serious Organised Crime and Police Act, Terrorism Act, Counter Terrorism Act, Money Laundering Regulations 2007, Financial Transaction Reporting Act, JMLSG Guidance Notes, the combined FCA and PRA handbook. SCB's internal policies and procedures on AML and Sanctions Key Stakeholders: FCC in Country, Regional FCC, Relationship Managers, Sanctions Advisory (Group and Region)
The primary purpose of the Senior Analyst of the Monitoring NCB team within FCSU is to perform surveillance activities to detect Money Laundering or Terrorist Financing activities by focusing on the initial assessment and analysis of risk events as per first and second stages in the AAA (Assess, Analyse, Act) process.
Assess risk events, created by the Monitoring systems or created manually, to identify unusual customer behavior and escalate such unusual patterns for Analysis. Perform the assessment in accordance with the procedure laid down in the AAA processes and Country Addendum.
Analyse cases escalated for Analysis by Analysts/Junior Analysts in the unit. Perform the analysis in accordance with the procedure laid down in the AAA processes and Country Addendum.
Where identified, escalate case for Action by Country. Support every decision with detailed audit record of the rationale for decision making.
Processing of pre-cases / cases should be within the turnaround time (TAT) and should adhere to the quality guidelines.
Perform Quality Control checks for assessments performed on pre-cases and analysis on cases in the unit and provide feedback for improvement / training needs.
Share best practices with peers and support in creating a 'FCC Risk Management Culture of Excellence'.
Ensure Technology / Risk issues identified are reported and escalated to the Manager in a timely manner.
Ensure regulatory requests received from country relating to AML are promptly attended to.
Handle exceptions reports of the unit and drive for process improvements
Complete all mandatory e-learning modules within stipulated timelines and attend trainings for which nominated
Uphold the values of the Group at all times
Assist the Associate Manager / Manager in BCP / DR testing in addition to taking appropriate measure for managing crisis situation.
Assist the Associate Manager / Manager in Service management of the surveillance service to the countries.
Specialise in the identification of unusual customer behavior of the Monitoring NCB customer segments being Retail, Private Banking and Corporates.
Work in Shift according to Business requirement. Adhoc Responsibilities
Participate in testing and other activities required for the running of the unit.
Assist in preparation of various MIS.
When required by the Business, act as the backup for the Associate Manager.
Cooperate and support the management in implementation of any other initiative that may arise during the course of the year.
COMPETENCIES: Technical Competencies
Category Competency Proficiency Level Execute Compliance Governance, Frameworks and Models 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 Intermediate Implement Identification, Monitoring, Testing, and Reporting Partner with Business and Operational Risk to identify and mitigate financial compliance risks Intermediate Resolve escalation of potential suspicious activities Intermediate Manage and Mitigate Risks Conclude investigations of potential and actual non-compliant activities Intermediate Review system safeguards and recommend process enhancements Core Surveillance Detect and confirm patterns of behavior by analysing structured and unstructured data including large data volumes. Intermediate Leadership Deliver sustainable Intermediate Take the lead Intermediate
Additional Specific Role Requirements:
Four to Seven years of experience working in any of the following departments: o At least 2 years in AML and Terrorist Financing Surveillance o or Screening (name or transaction) o or banking operations o or in analyzing structure/ unstructured data for a multi-national bank.
Knowledge on Financial Crime Compliance and banking: o Certification in the field of Compliance preferred o Good understanding of banking products, related transactions and their inherent ML risks with a special focus on at least one of the following customer segments: Retail, Private Banking or Corporates. o Has a thorough understanding of Money Laundering typologies and techniques, Sanctions regulations and guidelines, country specific legislations & regulations o Understanding of the purpose of various legislations and recommendations from international regulatory bodies o Has an in-depth understanding of the end -to-end surveillance process flow and is able to perform the work within the expected level of accuracy and in the given time frame consistently o Understands operational risks and controls o Experience with AML surveillance systems such as Mantas or Detica.
Other tools and techniques: o Able to independently analyze data trends and out of pattern activities suggesting suitable resolution with minimal guidance o Has working knowledge on Internet, MS Office Suite and is able to use this knowledge effectively at work
Behavioral: o Facilitate collaboration, networking and alignment within and across teams o Ability to get cross functional teams to work together o Builds the culture of coming up with solutions than problems o Seek and apply best practices and ideas
Excellent communication in English (articulation and writing).
EMPLOYEE NAME: EMPLOYEE SIGNATURE: DATE: LINE MANAGER NAME: LINE MANAGER SIGNATURE: DATE:
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. The signed job description should be part of the functional job library and be used for P3 objective purposes, development needs, and hiring requirements as needed.
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Internal Number: 5858881
About Standard Chartered Bank Malaysia Berhad
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