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We are currently looking for... Director, FCC, Business Banking & Retail Products
The candidate should possess minimum 8 years relevant compliance experience in a financial institution.
Provide advice to the Retail Products business, which includes Operations, Lending and Liabilities, regarding financial crime risks and controls
Oversee the reviews of new Retail products and initiatives
Oversee the reviews of new Alliances
Oversee the reviews of existing Retail products against the FCC Global Product Risk Assessment
Oversee the review of existing financial crime risk controls in Retail products and Segments to determine their adequacy
Provide advice to Retail Business Banking business
Provide an appropriate framework to manage the risk of highest risk clients in the Retail Banking business
Input to Group Client Business operating model design of relevant FCC and business processes.
Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Department for necessary FCC controls.
Set and implement the vision, strategy, direction and leadership for the Group, consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.
Analyse comprehensive impact of financial crime related regulatory matters on the relevants business area and its operations.
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 Group Business to ensure compliance with such policies and procedures.
Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions/ABC.
Act as (second line) Risk Control Owner under the Group's Risk Management Framework for those aspects of Regulatory Compliance relating to AML/Sanctions/ABC, and escalate issues as appropriate.
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
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.
Advise relevant stakeholders on outcomes of AML/Sanctions/ABC risks identification and assessment methodologies.
Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
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.
Attend relevant leadership meetings.
Provide or support senior oversight of FCC region/country/function.
Ensure tracking and remediation of surveillance and investigations 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.
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.
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.
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.
Lead the Retail Products 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.