Compliance Advisor - Private Banking

Job description / Role

The role supports the Head of Legal and Compliance, Private Banking Clients, MEAP to perform interpretive risk based compliance reviews to obtain assurance as to compliance with regulatory requirements and Key Control Standards and support to deliver overall, appropriate CDD management and maintenance of standards in the Private Bank

Key Roles & Responsibilities
- To conduct monthly Trade Surveillance activity in line with the requirements set out in the Trade Surveillance Guide for PvB UAE.
- To assist in the growth and development of the business through advice and guidance to management and staff in relation to the various regulatory requirements of financial services provision.
- To advise on the impact and requirements of all relevant legislation, regulations, guidelines, policies and procedures defined by SCB Group or Regulator and all legal and regulatory bodies in which the business operates by ensuring the appropriate level of awareness and training is achieved within a controlled and well documented operating environment.
- To advise on review and approved new accounts and Periodic Reviews in line with the requirements set out in the Private Bank CDD Procedures.
- To undertake Trade Surveillance monitoring activities.
- Participate in trade surveillance's projects and 'business as usual' in Dubai. This includes conducting trade surveillance preliminary investigations, and conducting Compliance investigations as required.
- Work with Group Trade Surveillance on trade survelliance matters to ensure consistent standards in Dubai and global teams.
- Interact with trade surveillance technology team and Group Trade Surveillance to track and resolve issues, escalating when necessary.
- To produce formal reports for submission to Head of Legal and Compliance, Private Banking Clients, MEAP and Risk Committees and other key stakeholders. To escalate issues that are identified to Head of Legal and Compliance, Private Banking Clients, MEAP in accordance with methodology in the Trade Surveillance Guide as well as the scope of the respective Compliance Monitoring review.
- To undertake root cause analysis on issues identified through above monitoring activities and ensure that any remediation and broader procedural changes that may be proposed are implemented within the stipulated time frames.
- To assist with the ongoing Risk Assessment process under the major Compliance themes.
- Ensuring changes to policies, procedures, laws, regulations and guidelines are suitably assessed and documented then communicated to staff in a timely and effective manner.

Requirements

- Assessing CDD risks arising from specific clients and advise the business on management and mitigation of those risks in the best interests of Private Bank.
- Collaborative working - Able to build a relationship with the Private Bank and the country Head of FCC to ensure that local CDD procedures remain up-to-date and in compliance with local laws and regulations in country;
- Training of teams in the Private Bank that are responsible for CDD in the first line of defence and establishing a feedback loop to support continuous improvement and awareness;
- Testing of compliance with the PvB CDD procedures and applicable local laws and regulations
- An industry leader in the eyes of the relevant regulators and industry stakeholders.

Closing Dates
The closing date for applications is 17/03/2015. 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 & 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.

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.