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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
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, 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.
Be updated on current events, regulatory issues and new and changing Sanctions regulations, in country, in the UK and the US, and internationally
Provide Sanctions Compliance advice and guidance to businesses and functions in a timely, effective and constructive manner on client relationships, transactions, products and all other issues escalated to the Regional FCC Sanctions
Support the ongoing implementation of the changed AME Regional FCC structure in line with revised Group structure, by ensuring AME Sanctions is bought together with all necessary delegations of responsibility in place, aligned job descriptions, and more effective collaboration amongst Region / Business and Countries particularly in relation to sanctions related risk events and investigation processes as well as risk assessment, controls effectiveness and BAU execution
Ensure adequate support from the Regional Sanctions team for individual countries where workloads and priorities dictate. Ensure a more evenly spread of time, resource and general oversight across AME countries from a sanctions perspective
Processes (Processes for which the role is responsible under the ORF as 1st & 2nd line; for executing / completing, and for supervising)
Providing governance and oversight over the implementation of relevant FCC-related policies and procedures in Region/Business to ensure compliance with such policies and procedures.
Provide advice to relevant stakeholders on compliance with Group standards relating to Sanctions
Responsible for ensuring Sanctions Investigations and Operations teams (Transaction Screening - Act, Name Screening - Act, Sanctions Risk Event, Task Force) operates in compliance with the relevant Sanctions Policies, Procedures and Departmental Operating Instructions for cash and trade screening alert investigation activities
Support the business/functions/group/regions/countries with queries in relation to tasks handled by Sanctions Investigations and Operations teams (Transaction Screening - Act, Name Screening - Act, Sanctions Risk Event, Task Force) and ensuring timely and constructive responses
Ensure process controls are commensurate to the risk and effectively working for Sanctions Investigations and Operations teams in compliance with the procedures and regulatory timescales
Oversight of processes around sanctions risk event true matches, non compliance transactions and sanctions risk event investigations (including Task Force risk mitigation and lookback activities) including reporting of breaches, Potential Circumvention Attempts, addition to and maintenance of internal lists and capturing of trends
Actively support projects and inititives involving Sanctions Investigations and Operations team functions (Transaction Screening, Name Screening, Sanctions Risk Event, Task Force) ensuring risks are adequately highlighted and mitigated appropriately thereby enabling smooth implementation
People and Talent (Responsibilities related to people and talent matters)
Prioritise staff initiatives with a focus on low staff attrition, lead by employee training and development as well as clear and timely communication
Identify training needs of Sanctions Investigations and Operations teams and deliver the necessary training on a continuous basis
Deliver/support /Sanctions/ training programs to meet the training needs of FCC
Deliver/support Sanctions/ training programs to meet the training needs of the business
Risk Management (Responsibilities Under Risk Management Framework - both execution and supervisory)
Understand technical aspects of systems relevant to Transaction and Name Screening, Sanctions Risk Event and Sanctions case management tools, CDD and Client Risk Assessments
Establish and maintain watch lists used for customer and transaction screening and various other due diligence and investigative purposes (local/regional internal and external).
Apply Group and FCC policies and processes 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.
Assess risks arising from geographies / customers / transactions.
Identify financial crime risk indicators through various internal/external sources that impact SCB and its clients.
Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
Escalate immediately to Regional Head of Sanctions material breaches or potential breaches of sanctions laws, regulation or Group procedures
Escalate key risks and issues timely to Regional and Country Management on Sanctions matters that require their attention
Support all control checks undertaken by FCC Sanctions 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.
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.
Establish and maintain reporting of key metrics related to Financial Crime Compliance Sanctions leadership on a regular basis
Support the relevant stakeholders in developing and maintaining effective governance and oversight of the Financial Crime Survelillance Unit (FCSU) teams and embed a continuous engagement model
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 AME Sanctions Investigations and Operations teams 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.
Establish and develop effective working relationships with business/functions in the effort of partnering to improve effectiveness of Sanctions Investigations and Operations
Build and maintain relationship with Country FCC teams in order to support in-country activity and business queries, and to provide guidance and oversight of Sanctions Compliance processes
Work closely with Group Sanctions teams to effectively implement and sustain the sanctions target operating model within the operational risk framework through BAU management and execution
Develop and maintain effective working relationship and engagement with the Financial Crime Surveillance Unit (FCSU) teams
Embed Here for good and Group's brand and values in AME Sanctions Investigations and Operations team
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
International Compliance Association Certificate in Anti Money Laundering and Sanctions Compliance
International Compliance Association Certificate in Regulatory Compliance and Financial Crime Compliance
ACAMS Certified Global Sanctions Specialist
Should have Sanctions knowledge and proven experience in a Sanctions compliance related role
Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages .