Head, FCC Commercial Clients

Job description / Role

Head, FCC Commercial Clients, MENAP

The Regional Head of Commercial FCC supports the Regional Head of Segments and Products and CIC FCC by providing advisory support and oversight of the Commercial client segment, as well as integrating the global FCC framework for the segment in the region.

Key Roles & Responsibilities
- Review and implement global AML/ CDD standards, including collaborating with CDD/ FCC stakeholders from other segments, assessing the appropriateness of the standards, providing the appropriate communication and training.
- Analyse high risk and complex AML/ CDD issues and provide practical and appropriate advice, including escalating to the appropriate senior levels or forums and recommending methods to proactively manage those risks.
- Observe and analyse internal and external information and trends to identify emerging high risk AML/ CDD issues and provide appropriate advice or escalation to manage such risk.
- Work closely with Operational Risk and the Internal Audit functions to appropriately advise the Commercial Client segment on identified weaknesses, including relevant follow-ups of remediation items, sharing appropriate "lessons learnt" to the business and FCC/ CDD advisors, reviewing and revising the relevant policy standards, and effectively implementing the improvements.
- Establish effective and collaborative relationships with the Regional FCC team members, the wider FCC community and the Commercial Client Segment stakeholders.
- Ensure through engagement with the Commercial business management that there is adequate support in the businesses for necessary FCC controls, including people, process, tools, frameworks and systems.
- Ensure effective escalation within the Bank and implementation of procedures alignment with regulatory requirements and policies.
- Support Country Compliance and FCC teams in managing regulatory relationships with FCC issues.
- Participate proactively in various information streams to gather appropriate knowledge on industry developments and regulatory developments.
- Engage actively with relevant stakeholders - local teams, regulators, risk functions and compliance colleagues to continually value-add to the overall risk management framework.
- Integrate Group and Regional practices under direction of Group Head, Commercial FCC.

Requirements

- 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.
- Develop and implement financial crime compliance arrangements/frameworks (programs, policies and procedures) for bank and business lines.
- Deliver effective FCC/Sanctions/AML/ABC training programs to meet the training needs of the business.
- Advise on how local culture might contribute to financial crime vulnerability.
- Analyse comprehensive regulatory impact of Sanctions matters on the bank's business and its operations.
- Analyse regulatory impact of AML/ABC matters on the business and its operations
- Advise business on compliance & regulatory matters relating to Sanctions/AML/ABC as well as financial services industry related practices.
- Evaluate products, services, geographies and customer segments of the bank that might be vulnerable to Sanction/AML/ABC and regulatory risks.
- Implement and follow up on strong recommendations to address high risk situations (such as dropping a long standing client/product line/country).
- Participate in regulatory and supervisory meetings and consultations.
- Partner with legal counsels for matters regarding individual liability and country.
- Partner with regulators locally or globally.

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.