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Associate Director, FCC Governance, Policy and Reporting
Standard Chartered Bank
May 26, 2019
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
Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
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 GCNA to ensure compliance with such policies and procedures.
Document and maintain all core documents, including policies/processes/DOIs.
Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions/ABC.
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.
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.
Implement AML/Sanctions/ABC risks identification and assessment methodologies.
Conduct Country risk assessment.
Map risks, quantify the potential impact and escalate where necessary.
Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
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.
Co-ordinate/support the management of audits/exams.
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 GCNA FCC Governance team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Embed Here for good and Group's brand and values in GCNA
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures
Our Ideal Candidate
Provide support to countries in the Greater China/North Asia (GCNA) region to manage local regulatory or US supervisory examinations, e.g. coordinate Regional SME support, centrally manage and track document requests, manage internal/external communications and escalations.
Coordinate requisite reviews from respective SMEs for all draft examination issues (identified via internal audits, Compliance Testing reviews and regulatory examinations) to ensure issues are factually accurate and the corrective actions adequately address the risk and are aligned to regional expectations.
Monitor progress of Management Action Plans (MAPs) including obtaining status updates from MAP Owners
Issue periodic Management Information (MI) reports to appraise senior management and stakeholders on status and progress of MAPs
Aggregate and disseminate actionable intelligence on historic issues which occurred in the region (e.g. MI reports and trend analysis of CAPs) so as to inform and prioritise inspection readiness efforts.
Drive and enhance the regional FCC policy framework.
Liaison with Global, Regional and Country stakeholders to understand, review and develop new FCC related policies, standards, FAQs and related documents.
Oversee the development and roll out of a communication plan for changes to policies and standards relating to FCC.
Partner with the Regional Compliance Testing team to perform gap analyses of countries' compliance with local and internal FCC requirements and ensure that key areas of FCC concern are captured during country
compliance testing reviews.
Responsible for liaison with a portfolio of countries and sectors to engage with AMLCO's, CCCO's and sector heads in relation to new draft policies and standards, playing an advisory role and providing an appropriate level
of governance, engagement and communication.
Manage and coordinate general governance throughout the GCNA region, including overseeing budgets, headcount tracking, Regional senior management meetings and agendas, risk escalation etc.
At least three years' experience in FCC subject matter, preferably within a Governance role. Candidates with less experience but have been with SCB for more than one year will also be considered.
Candidate should be a Grade 6, but consideration of Grade 7 can be made if above criteria is satisfied.
Prefer candidates that possesses at least one of the following qualifications:
ACAMs - Association of Certified Anti-Money Laundering Specialists
AAMLP - Associate AML Professional
ACFE - Certified Fraud Examiner
CPA - Certified Public Accountant
University degree required
Apply now to join the Bank for those with big career ambitions.
Internal Number: 5910040
About Standard Chartered Bank
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