FCIO Analyst

Job description / Role

Job Description

PURPOSE:

To organise, oversee, manage and execute the regional financial crime intelligence operations for Transaction Surveillance and Customer Screening for UAE and Transaction Surveillance across Middle East countries where Detica has been implemented;
To assist management in ensuring that the Business in SCB locations UAE (Hub) and other ME countries operates in accordance with all legal and regulatory requirements and all Group standards relating to anti money laundering and sanctions, so as to protect and enhance the reputation of the Bank with its regulators and avoid significant financial loss or reputational damage; and
Handle the suspicious or unusual customer activities escalated by the AML TS & CS Units in Chennai or reported by staff in-country.

Key Roles & Responsibilities

The role holder is accountable for the professional investigation of cases identified from any source (internal whistle blowing, external escalation, transaction surveillance, compliance monitoring, assurance or audit activities, etc), and to:
* Manage day to day management of FCC transaction surveillance for the region.
* Actively involved in system implementation, system maintenance, threshold review, liaising with country compliance and FCC team etc.
* Maintaining Country watch lists.
* Providing assurance around case management system (quality of data, input discipline, sufficient coverage of all FCC activity streams)
* Examining transactions across region linking up pockets of suspicious activity or intelligence to provide a consolidated/coordinated view of an FCR issue
* Development of proactive regional intelligence capability able to predict significant FCC events that may impact the franchise, research these issues, map the relationship/transactional impact, escalate and report findings ahead of time
* Providing investigative research support to advisory teams as a due diligence measure on highest risk customers
* Responsible for filing SAR to local authorities post FCC review.
* Review and understand (gaining expert knowledge in the process) of country laws and regulations of the Middle East countries that the Dubai hub will serve;
* Ensure significant issues identified are reported and escalated in a timely manner;
* Ensure regulatory requests relating to AML are promptly attended to;
* Familiarize with the Bank's businesses, products, procedures, organizational structure and internal money laundering requirements;
* Ensure that minimum productivity, TAT and quality targets are achieved.

Requirements

Qualifications & Skills

* Educational background - degree / post graduate level. CAMS certification will be highly preferred; and
* Experience in the financial services industry, preferably in relation to AML Surveillance processes..

In relation to Anti Money Laundering the job holder should:

* Experience of FCR (or departments related to combating Financial Crime) and business activities in general and have access to all business information relevant to his/her role;
* Have a good knowledge of the Group, the Policies, Procedures and Standards relating to Financial Crime Risk, as well as knowledge of the local regulations and legislation on AML/CTF and sanctions;
* Strong analytical and decision making skills. Strong responsibility and organisation skills. Excellent negotiation and communication skills - written and verbal including presentation skills. Strong learner, intellect and relater. Ability to work independently with minimal supervision and to complete tasks in timely manner. Self-motivated and self-reliant, with the ability to provide practical and effective advice. Inclusive style and good listening skills are required. Being able to accept challenge, listen to the other point of view and adapt your approach accordingly is essential;
* Good judgement. Excellent collaborative and team playing skills. Diplomacy, empathy and a 'can-do attitude'. Politeness, sensitivity and the ability to gently, but professionally stand your ground when needed;
* An inquisitive approach to practices, procedures and specific transactions. Personal authority and integrity, Independence, creativity, resourcefulness, resilience and integrity;
* Sound working knowledge of MS Office suite particularly Word, Excel and PowerPoint;
* Must possess ability to assess risk , excellent interpersonal skills and multi cultural awareness and sensitivity;
* Understanding of the key features of relevant FCR laws and regulations that affect the Group;
* Good knowledge of banking products and support structure, strong written and verbal communication skills; general operational knowledge;
* Minimum 5 years all round banking experience;
* Subject matter knowledge on KYC, AML / AML Certification;
* Team player;
* Knowledge of Core Banking system & other transaction & customer related systems, & DETICA AML systems;
* Good judgment. An inquisitive approach to practices and procedures; and
* Ability to determine the appropriate course of action in resolving issues & escalation to appropriate authority.

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 maximize 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.