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The Associate Director, Financial Crime Compliance (FCC) Continuous Assurance - Anti-Bribery and Corruption (ABC), supports the FCC program by executing testing for adherence to legal and regulatory requirements and Group standards relating to ABC and to the Group Operational Risk Framework (ORF). The role is under the FCC Assurance function, and is responsible for oversight and execution of testing of processes in order to provide assurance to risk control owners and regulators that the ABC control environment is operating at a satisfactory level of effectiveness.
Key Roles and Responsibilities
Roles & Responsibilities * Understand and execute Continuous Assurance (CA )strategy in accordance with the CA methodology and relevant CA addendums in day to day operations. * Lead development and implementation of industry-standard ABC assurance program, including management and coordination of multiple workflows focused on testing of ABC controls. * 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, as informed by CA results. * Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and FCC policies. * Responsible for oversight and execution of testing of processes in order to provide assurance to risk control owners and regulators that the ABC control environment is operating at a satisfactory level of effectiveness. * In the event that control deficiencies are identified, identify a root cause and recommend corrective actions, as required. * Monitor completion of corrective actions assigned to control process owners to rectify control deficiencies. Further, assess whether control deficiencies and related exceptions require internal or external reporting, and are escalated accordingly. * Perform supervisory reviews on the work of CA analysts to ensure that outcomes reached are appropriate and to ensure adherence to CA policy and standards. * Identify and execute ad-hoc reviews in line with the CA methodology. * Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate CA policies, procedures and program infrastructure to address sanctions risks, aligning with relevant regulatory requirements. * Provide governance and oversight over the implementation of CA policies and procedures to ensure compliance with such policies and procedures. * Provide advice to relevant stakeholders on compliance with Group standards relating to ABC. * Drive best practices and identify and/or provide training opportunities to the CA team. * Interface with regulatory supervisors, and Monitor(s) during examinations / onsite reviews, or requested / required meetings. Provide data and documentation requested by examiners or auditors, discuss processes, review findings, and develop action plans in a timely manner, as required. * Proactively manage time and prioritize tasks to meet internal deadlines and regulatory requirements. * Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm. * Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm. * Develops and executes individual and collective training plans to ensure key competencies are developed and sustained across the department, collaborate with training team to input to training curriculum to support closing of capability gaps. * Develop and maintain a competent, thorough understanding of the risk and control environment in the area of responsibility (ABC). * Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from testing.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. * Understand technical aspects of systems relevant to ABC. * Ensure that the relevant lists and database as used by the screening systems are up to date. * Track significant findings arising from FCC metrics, FCC Assurance activities, audit reviews and regulatory inspections; ensure remediation of the findings and develop appropriate reviews for monitoring of sustainability. * Propose control improvements, enhancements and simplifications where appropriate. * Develop and manage appropriate FCC CA methodologies and standards. * Prepare a coordinated annual risk-based FCC Assurance plan, including first and second line of defence activities. * Undertake specialist second-line of defence FCC Assurance Reviews to test the validity and appropriateness of, and business compliance with, financial crime policies and procedures. * Support all control checks undertaken by FCC under the Operational Risk Framework (ORF). * Coordinate with first line of defence (e.g. business) and third line of defence (e.g. Audit) to provide comprehensive risk-based Assurance coverage across the Group. * Implement quality assurance standards and workflows for the FCC Assurance function. * Periodic reporting and timely escalation of significant risks and issues arising from FCC Monitoring and Assurance activities. * Be accountable for identification and escalation of potential risks and issues to senior management. through appropriate governance channels and the CA framework. * Co-ordinate/support the management of audits/exams. * Ensure tracking and remediation of related regulatory findings. * 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 that may have implications on CA reviews. * Support relevant stakeholders to respond to regulatory questions. * 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 CA function to achieve the outcomes set out in the Bank's Conduct Principles. Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. * Support close interaction with Process Owners. * Support close interaction with Operational Risk. * Support close interaction with Risk Owners. * Maintain the close interaction with regulators, Monitor(s), internal audit, and/or other examiners. * Embed Here for good and Group's brand and values in FCC CA function globally. * Embed the Group's values and code of conduct to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of the culture. * Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.