This role supports the Director, FCC CIB in managing and supporting the onsite due diligence program to perform high quality assessments of the risks arising from banking clients defined as high risk clients and provide recommendations for actions to reduce identified risks. The role includes the education if correspondent banking clients to adopt international best practices.
Key Roles and Responsibilities
Providing governance and oversight over the implementation of FCC-related policies and procedures, specifically those relating to Correspondent Banking, in Region to ensure compliance with such policies and procedures.
Act as second line Risk Control Owner under the Group's Risk Management Framework for those aspects relating to Correspondent Banking and escalate issues as appropriate.
Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
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.
Identify intelligence for typology studies and risk mitigation plans.
Map risks, quantify the potential impact and escalate where necessary.
Undertake enhanced due diligence on new and existing higher risk /sensitive clients such as PEPs or those associated with high risk industries or countries.
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 C&I Clients & Products 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.
Proactively engage stakeholders within the Corporate & Institutional Clients' Relationship Managers, Transaction Banking Sales and the FCC Function
Work closely with Country and Regional FCC Teams to create a greater One Bank Culture
Support regulatory engagement across region covered
Embed Here for good and Group's brand and values in Singapore
Drive the lowering of financial crime across the correspondent banking portfolio
Ensure that the risk arising from dealing with clients and products that have high risk characteristics are identified and addressed, through provision of recommendations for remediation actions
Educate high risk client on international best practices to combat financial crime, as well as the Group' values in the area
Support global coordination and consensus with other regional teams to ensure alignment in risk decisions and due diligence approach across the global footprint
Ensure timely and accurate MI reporting of projects and reviews conducted and demonstrating progress
Support projects within the FCC FI and Correspondent Banking book of work as assigned by the Head of FCC, FIs and Correspondent Banking
Qualifications and Skills
The ideal candidate will have prior working experience in both Financial Crime Compliance and Correspondent banking.
The roleholder will be degree qualified or eviqualent coupled with a relevant compliance qualification (e.g. ACAMS, ICA etc)
Prior experience working in a FCC advisory role for an international bank would be highly desirable.
Strong stakeholder management experience is mandatory.
The closing date for applications is 31/05/2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.