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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 & Our Ideal Candidate
Input to Group Correspondent Banking operating model design of relevant FCC and business processes.
Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the FCC Governance, Correspondent Banking team for necessary FCC controls.
Set and implement the vision, strategy, direction and leadership for the [Region/Country/Department], consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.
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.
Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.
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 Correspondent Banking 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 and ABC.
People and Talent
Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.
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.
Develop communications strategies and plans that deliver timely and relevant messages to the right stakeholders through appropriate activities and channels.
Ensure FCC Governance, Correspondent Banking team is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.
Ensure staff in FCC Governance, Correspondent Banking have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.
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 [EDIT IF REQUIRED].
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.
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.
Implement AML, Sanctions and ABC risks identification and assessment methodologies.
Conduct Country risk assessment.
Map risks, quantify the potential impact and escalate where necessary.
Deliver/ support delivery of delivery of annual Global AML, ABC and Sanctions Risk Assessments.
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 senior oversight of FCC region/country/function.
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.
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.
Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
Co-ordinate/support the management of audits/exams.
Define metrics and/or key risk indicators (KRI) especially for AML, Sanctions and ABC.
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.
Support the FCC Governance, Correspondent Banking team 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.
[Insert local regulator e.g. PRA/FCA prescribed responsibilities and Rationale for allocation].
Serve as a Director of the Board of [insert name of entities]
Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association (or equivalent)
Deputy Head of Financial Crime Compliance
Regional and Country CIB Management
Regional and Country FCC Management
FCC Controls and Surveillance
Legal and Compliance network
Embed Here for good and Group's brand and values in [country / business unit / team]
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
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 .