We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
AML/CTF Regulatory Change
Proactively identify, monitor and interpret changes to AML/CTF obligations including (but not limited to) the UK Money Laundering Regulations; FCA best practice guidance; and the Joint Money Laundering Steering Group (JMLSG)
Group AML obligations include: Anti-Money Laundering & Terrorist Financing; Customer Due Diligence; Politically Exposed Persons; Payment Transparency; Screening; Transaction Monitoring; Suspicious Activity Reporting.
Collaborate with CFCC colleagues in EU/UK to agree changes applicable at Group versus Regional level and allocation of roles and responsibilities
Lead industry representation in applicable industry forums for Group AML/CTF risk such as UK Finance and AFME
Participate in and contribute to industry working groups on changes of significance to the Group - to actively advocate on behalf of SCB's interests
Lead the development and submission of regulatory/industry consultations on changes, through consultation and engagement with internal CFCC and Business stakeholders
Provide updates on changes, industry developments and potential issues to the Head of FCC SCRM and applicable CFCC teams
Maintain the Regulatory change pipeline to cascade awareness of upcoming changes to applicable Business and Product Governance Forums
Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications
Group AML Obligations Register
Assess the impact of new obligations in relation to the Policies and Standards owned by the Business Financial Crime Risk & AML Oversight function and drive formulation of risk-based measures to meet the requirements;
Update the new requirements in the Group AML Obligations Register (OBR)
Communicate these changes to relevant CFCC and Business stakeholders to ensure the nature and impact of regulatory change are assessed, correctly interpreted, mapped to a policy standard, and recorded in the OBR;
Ensure Obligations Registers are completed comprehensively, accurately and consistently track the Group's alignment status with obligations and coordinate risk acceptance where applicable, updates to relevant for a such as the Group Financial Crime Risk Committee, and/or recorded in FCC's Management Action Plan as necessary
Provide advisory support to the FCC Policy team in the design and interpretation of OBR requirements to be included within Policies and Standards
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
Policies & Standards
Where required, undertake drafting and Policy / Standards updates
Attend relevant leadership meetings
In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased
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
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters
Lead or participate in FCC or Business AML/CTF Group Projects and initiatives as required
Our Ideal Candidate
Take the Lead
Compliance Policies and Standards
Surveillance (including Screening and Monitoring)
Compliance Risk Assessment
University degree - preferably Legal
Apply now to join the Bank for those with big career ambitions.
Internal Number: 5910061
About Standard Chartered Bank
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