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Primary Location: Africa & Middle East-Bahrain-Manama
Schedule: Full-time
Employee Status: Permanent
Posting Date: 17/Jun/2022, 10:42:59 AM
Unposting Date: 01/Jul/2022, 5:59:00 PM
Job: Compliance
Primary Location: Africa & Middle East-Bahrain-Manama
Schedule: Full-time
Employee Status: Permanent
Posting Date: 17/Jun/2022, 10:42:59 AM
Unposting Date: 01/Jul/2022, 5:59:00 PM
About Standard Chartered
We’re an international bank, nimble enough to act, big enough for impact. For more than 160 years, we’ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you’re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can’t wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you’ll see how we value difference and advocate inclusion. Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
- Flexible working options based around home and office locations, with flexible working patterns
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realise their full potential.
Recruitment assessments – some of our roles use assessments to help us understand how suitable you are for the role you’ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
The Role Responsibilities
- Act as Process Owner for FCC (Financial Crime Compliance)-owned (sub-) processes under the Group’s Risk Management Framework, including implementation and roll-out of relevant processes and DOIs.
- Provide management oversight and assume responsibility for the execution of Case Management Prodution Activities (incl. Transaction Monitoring, Transaction Screening, Name Screening and Trade AML) for the country.
- Provide management oversight and assume responsibility for the execution of List Management Activities (incl. Watch List, Exclusion List, Intelligence Exchange) for the country.
Strategy
- Support the Head of FCC, Bahrain to achieve the strategy
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 and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs/SLAs to address financial crime risks, aligning with relevant regulatory requirements.
- Providing governance and oversight over the implementation of FCC-related policies and procedures in Country/Business to ensure compliance with such policies and procedures.
- Provide advice to relevant stakeholders on compliance with Group standards relating to [AML/Sanctions/ABC].
People & Talent
- Maintain and enhance your skills and knowledge through a development plan and undertaking relevant training.
Risk Management
- Ensure the suitability and quality of case data maintained on enterprise case management systems.
- Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
- Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring systems.
- Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
- Review and assess existing system and controls relevant to FCC to ascertain operational performance and effectiveness.
- Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
- Ensure that the relevant lists and database as used by the screening systems are up to date.
- 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.
- Assess risks arising from products / segments / geographies / customers / transactions.
- Advise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologies.
- Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
- Provide intelligence inputs to support calibration of bank’s Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
Governance
- Propose control improvements, enhancements and simplifications where appropriate.
- Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
- 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 Head of CFCC, Egypt to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Financial Crime Compliance; The Right Environment.] *
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- As required by Regulators
Key stakeholders
- Head of CFCC
- Country CFCC & FCC Team
- Country Audit
- Country Operational Risk teams
- Regional, Cluster & Country CFCC Team
- Business Segments
- Financial Crime Surveillance Operations (FCSO)
- Relevant regulators and law enforcement agencies; CBB & FIU
Our Ideal Candidate
- An FCC related qualification is desirable – such as ACAMS, ICA or CFE.
Visit our careers website www.sc.com/careers
