Specialist, FCC Controls at Standard Chartered Bank

Job ID: 2200002026
Job: Compliance
Employee Status: Permanent

The Role Responsibilities
Strategy:

• Support the implementation of the FCC strategy in country by escalating appropriate FCC and AML issues.

Business:

• 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:

• Develop, keep up-to-date with the changes in external and internal regulations including appropriate policies, processes and DOIs to address financial crime risks.
• Ensuring compliance with Nigeria governance processes and FCC-related policies and procedures in Nigeria.
• Provide advice to relevant stakeholders (including escalation to line managers and senior leadership) on compliance with Group standards relating to AML.
• Responsibility for processing AML investigations end to end, from initial referral through to the outcome of the case (closure in Detica/escalation to regulators).
• Adhere to Nigeria AML investigations procedures and ensure initial review of each allocated case is carried out within 1-3 working days of allocation and RFIs within the first 6 working days of allocation.
• Processing and concluding cases allocated in a timely manner within agreed TATs where possible – including CMLCO SAR TATs.

People and Talent:

• Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Ensure forward planning, prioritisation, deadline management ,and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Support the training and development of new analysts in the team by providing on the job support.

Risk Management:

• Support the day to day management of Transaction Surveillance and Ad Hoc AML Investigation activity for the Nigeria by developing and deploying sound analytical skills to produce balanced judgements in relation to AML and financial crime risk.
• Produce high quality investigations resulting in good quality SARs provided to the CMLCO for review.
• Ensure the suitability and quality of case data maintained on enterprise case management systems and internal logs (Investigation tracker, Watch Lists, SAR log and LCM log as appropriate).
• Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
• Utilising existing data analytic tools/techniques/and systems to optimise the quality of casework including all available systems for Nigeria (EBBS, EOPs, Accuity).
• Identify and highlight any compliance gaps in existing controls or relevant systems.
• Ensure that detection scenarios that are deployed are fit-for-purpose, providing feedback where false positives or immediate emerging risks are identified locally.
• 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 – including following up on CMLCO decisions and tracking outcomes.
• Assess risks arising from products / segments / geographies / customers / transactions.
• Identify and escalate any potential risks AML/ and other financial crime risks to the relevant stakeholders.
• Provide intelligence inputs to support calibration of FCC risk typologies and utilise the internal IX and ICE protocols to ensure global escalation of core issues where appropriate.
• Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the FCC Nigeria Controls Team.

Governance:

• Propose control improvements, enhancements and simplifications where appropriate.
• Support all control checks undertaken by FCC Nigeria under the Operational Risk Framework (ORF) and drive remediation action within the FCC function where appropriate.
• Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and  support in the remediation action within the FCC Nigeria 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 Nigeria function 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.

Key Stakeholders:

• Nigeria FCC, Business Advisory and Compliance teams
• Nigeria and Regional Sanctions teams
• Regional FCC Controls team
• Direct manager and Countersigning Manager
• IMO
• CDD OPs

Other Responsibilities:

• Embed Here for Good and Group’s brand and values in Nigeria FCC Controls & Nigeria Compliance.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate:

• Relevant qualifications such as ACAMs and FCC training academy.