Head, Customer Due Diligence Controls

Job description / Role

Head, Customer Due Diligence Controls, MENAP

The Regional Head of CDD Controls supports the Regional Head of Controls FCC in the area of Customer Due Diligence; ensuring that the countries are in compliance with the procedures, and managing the related risks which arise from specific clients, as well as ensuring effective escalation of the higher risk relationships.

Key Roles & Responsibilities
- Provide subject matter expertise, drawing on FCC networks, professional qualifications and experience to advise on CDD policy, escalation of higher risk relationships and testing compliance with policy in the region
- Advise on the Bank's sanctions risk management framework as it applies to client relationships
- Assess risks arising from specific clients and managing those risks in the interests of the Bank
- Undertake hubbed CDD review activity
- Review Politically Exposed Persons ("PEP") files and sensitive client files
- Integrate data across processes managed in Controls relevant to the CDD review
- Escalate issues requiring business rejection/restriction
- Conduct ongoing testing of compliance with the CDD procedures
- Support efforts to position the Bank as an industry leader in the eyes of regulators and industry stakeholders.
- Train teams in the region that are responsible for CDD in the first line and establishing a feedback loop to support continuous improvement
- Ensure effective escalation within the Bank
- Work with region and Group resources to deliver advisory and testing objectives, including 'virtual team' members within the region
- Work with Segments and Product Financial Crime Compliance ("FCC") to escalate issues appropriately with the business at a portfolio level

Requirements

- You will have experience in a similar role and be able to demonstrate the following experience:
- Ability to partner with the business to make decisions based on the knowledge and interpretation of current and possible future policies, practices, trends and information of financial crime
- Deliver effective FCC/Sanctions/AML/ABC training programs to meet the training needs of the business
- Implement prevention and detection client due diligence (CDD, EDD and CIP) to verify the identity of clients
- Implement FCC/sanctions/AML/ABC risks identification and assessment and advise business on the findings
- Resolve suspicious activity alerts (SARs)
- Partner with Business and Operational Risk to identify and mitigate financial compliance risks
- Partner with legal counsels for matters regarding individual liability and country
- Resolve conflicts of interest arising from regulations and information security

Closing Dates
The closing date for applications is 08/03/2015. 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.