About Standard Chartered 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 & Our Ideal Candidate
Input to Group/Region/Country/Client Business operating model design of relevant FCC and business processes.
Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the FCC Governance & Product Risk Framework for necessary FCC controls.
Set and implement the vision, strategy, direction and leadership for the FCC Governance & Product Risk Framework , consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.
Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), 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 FCC CIB and CB to ensure compliance with such policies and procedures.
Provide advice to relevant stakeholders on compliance with Group standards relating to AML, Sanctions and ABC.
Maintain oversight of risk mitigating action plans.
Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management .
Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
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.
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.
Map risks, quantify the potential impact and escalate where necessary.
Deliver/ support delivery of delivery of annual Global AML, ABC and Sanctions Risk Assessments.
Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.
Support senior oversight of FCC region/country/function.
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.
Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
Track significant issues arising from FCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
Define metrics and/or key risk indicators (KRI) especially for AML, Sanctions and ABC.
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.
Provide skilled resources to support project/programme delivery.
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 the FCC Governance and Product Risk Framework team to achieve the outcomes set out in the Bank's Conduct Principles : Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment .
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
CIB, Commercial Banking and Product COO's
Product & Segment Heads of Compliance
Head FCC Retail and Private Banking
Regional Heads of Legal, Compliance and FCC
Product, Segment & FCC ORF representatives
Peers in other banks
Head, FCC Controls
Embed Here for good and Group's brand and values in FCC Governance & Product Risk Framework team
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
Apply now to join the Bank for those with big career ambitions.
Internal Number: 6512069
About Standard Chartered Bank
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