Analyst, Financial Crime Surveillance at Standard Chartered Bank

RESPONSIBILITIES

Strategy

Support the Country Head of Financial Crime Surveillance Operations (FCSO) to:

• Set and implement the vision, strategy, direction and leadership for the Country, consistent with the vision and strategy for Financial Crime Compliance (FCC) and in support of the Group’s strategic direction and growth aspirations. 
• Input to the design of the Country operating model, FCC Framework and relevant business processes. 
• Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary FCC controls and oversight. 

Business

• Support the implementation of the FCSO strategy by escalating appropriate FCC and AML surveillance issues and executing activities in line with guidance documents, Group requirements and regulatory expectations.
• Maintain thorough knowledge of bank products across all segments (i.e. retail, commercial, private, correspondent banking and trade) and the ability to execute end-to-end investigations across all segments.
• 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.

Processes

• Day to day processing of Production Orders in a timely manner within agreed TAT’s whilst maintaining Quality Control/Quality Assurance results in line with Group and local expectations.
• Support Country Head FCSO/Regional Head FCSO with any complex investigations as required.
• Ensure accuracy and veracity of management information and reports.
• Support Head FCSO/Regional Head FCSO in conducting FCC assurance tests with the aim of verifying that Transaction Monitoring, Surveillance and other FCC functions are performed in line with the group’s policy and the Departmental Operating Instructions and report on findings to Management.
• Performance of Weekly, Quarterly and Monthly controls execution.
• Responding to production order that come from regulators timely. 
• To support the Head FCSO/Regional Head FCSO in coordinating GIA audit of FCC functions (AML, Sanctions, ABC) by ensuring timely provision of GIA requirements

People & Talent

• Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Ensure forward planning, prioritization, deadline management, streamlined workflows and efficient work practices are the norm.
• Individual accountability for Learning and Development Plans and execution.

Risk Management

• Understand technical aspects of systems relevant to List Management, Customer Due Diligence (CDD), Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
• Inform Line Manager / 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.
• Map risks, quantify the potential impact and escalate where necessary.
• Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
• Ensure the suitability and quality of case data maintained on enterprise case management systems.
• Partner with legal counsels for advice on technical matters.

Governance

• Propose control improvements, enhancements, and simplifications where appropriate.
• Support all control checks undertaken by FCSO under the Operational Risk Framework (ORF).
• Collate, analyses and interpret data in reports.
• Analyze and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and support in remediation actions within the FCSO 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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Lead to achieve the outcomes set out in the Bank’s Conduct Principles

Key Stakeholders

• Country FCC and Compliance teams
• Sanctions teams 
• Direct manager and countersigning manager
• Head of FCSO

Other Responsibilities

• Embed Here for good and Group’s brand and values ; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats)
• Embed “Here for good” and the Group’s brand and values in the team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Providing guidance and training to relevant value chain stakeholders (e.g. Country FCSO, New Joiners) when and as needed as directed by Country Head FCSO.
• Provide back up support to Country FCSO team colleagues as required

Our Ideal Candidate

• Education        Bachelor’s degree
• Training           Basic aml/cft training, prior working experience in the financial industry e.g. surveillance / compliance
• Licenses          N/a
• Membership     Acams, ica,cin
• Certifications    Cams, fcc training academy
• Languages       Excellent communication in english (articulation and writing)

Role Specific Technical Competencies

• Compliance Policies and Standards
• Compliance Advisory
• Compliance Review and FCC Assurance
• Surveillance (including Screening and Monitoring)
• Investigations
• Compliance Risk Assessment