| The role is to ensure that the Business operates in accordance with all legal and regulatory requirements as well as Group standards relating to AML and sanctions, by providing advice and oversight of specialist client policy and product groups e.g. Trade Finance, Correspondent Banking, mobile money, etc |
Key Roles and Responsibilities
Strategy (Responsibilities that are related to the development and implementation of a strategy) * Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the GCNA Region for necessary FCC controls and ensure the risks and mitigating controls are fully documented in the Product governance framework. Business (Responsibilities related to the delivery of business and / or financial objectives) * 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 and procedures that are impacted through the roll-out of products in region * Work closely with the business to develop a framework for product roll-out and approval. Provide advice to the business around products in the region. Processes (Processes for which the role is responsible under the ORF as 1st & 2nd line; for executing / completing, and for supervising) * Work with Group FCC, FCC Product and Compliance Product teams as well as Operations to ensure appropriate controls and processes are in place for Products to enable compliance with Group Sanctions and AML * Provide advice to relevant stakeholders on compliance with Group standards relating to products AML/Sanctions. * Act as (second line) Risk Control Owner under the Group's Risk Management Framework for those aspects of Regulatory Compliance relating to products AML/Sanctions, and escalate issues as appropriate. Risk Management (Responsibilities Under Risk Management Framework - both execution and supervisory) * Maintain oversight of risk mitigating action plans. * Review new business requirements that needs to be brought into the scope of screening and provide solutions where required * Work closely with the business to develop a framework for product roll-out and approval. Provide advice to the business around products in the region. * Assess and understand risk profiles of products, channels and customers so as to provide advice on risk in region and any gaps that need to be mitigated * Use the knowledge and experience from product risk assessments to feed into future training needs and policy enhancements for FCC training, and FCC Risk Assessment and Due Diligence respectively * 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 product risks. * Assess risks arising from products. * Inform senior management 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. * Advise relevant stakeholders on outcomes of product risks identification and assessment methodologies. * Provide intelligence (to internal forums) on specific product risk typologies. * Provide intelligence inputs to support calibration of bank's Risk Methodologies (including product risk assessments). Governance * Attend relevant leadership meetings. * In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management 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. * 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. * Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees. Project/Change Management * Ensure that the product risk assessment methodology is in compliance across all project plans related to products * Review new business requirements and provide solutions where required. 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. Key Stakeholders * RB/CB/CIB Business stakeholders * Senior FCC Management in Region * Senior Legal & Compliance Management in Region * Group FCC Head of RB/CB/CIB Other Responsibilities * Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Qualifications and Skills
TECHNICAL COMPETENCIES Target Proficiency Level: Compliance Policies and Standards Expert Compliance Advisory Expert Manage Change Core
How To Apply
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Diversity and Inclusion
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.