Head - Financial Crime Intelligence Unit

Standard Chartered Bank - UAE

UAE

Ref: HP048-648

Job description / Role

Employment: Full Time

Head, Financial Crime Intelligence Unit, MENAP

The Regional Head of Financial Crime Intelligence Unit supports the Regional Head of Controls in the management of SCB's financial crime intelligence capabilities including risk analysis and reporting associated with anti-money laundering, sanctions, surveillance and customer screening, for the region.

Key Roles & Responsibilities
- Provide subject matter expertise on Financial Crime Intelligence, drawing on financial intelligence and law enforcement networks, professional qualifications and experience.
- Design, implement and manage policies and procedures associated with Financial Crime Intelligence
- Continually monitors the external environment through various internal/external sources and the media to identify financial crime risks which may potentially impact the bank in future, map and assess those risks, quantify the potential impact and escalate where necessary
- Review significant risks and issues (e.g. SAR's and confirmed name matches) reported to ensure that all connected parties, particularly across borders, are identified and reported at the appropriate levels internally as well as externally across all relevant jurisdictions.
- Examine transactions across region linking up pockets of suspicious activity or intelligence
- Collate, assess risk and manage high risk production orders/subpoenas/warrants
- Maintain local/regional internal watchlists
- Support complex Group or cross-jurisdiction investigations
- Support efforts to position the Bank as an industry leader in the eyes of regulators and industry stakeholders
- Determine names for inclusion on internal Regional watchlists and make proposals to modify Group watchlists
- Oversee a team of financial crime intelligence and reporting analysts based in the Group's Shared Service Centres
- Maintain and ensure the suitability and quality of case data maintained on enterprise case management systems
- Identify and research key intelligence data from multiple internal and external sources and then collate, grade and disseminate to various stakeholders across the Group so that appropriate action can be taken. This may include enhancing watchlists and setting desired procedural outcomes for front office to follow should a match occur and tuning detection scenarios
- Undertake bespoke enhanced background reviews on clients and prospects, at the request of respective stakeholders, to support the Customer Due Diligence process and other special requests (e.g. Reputational Risk Committee's) and maintaining a database of such reviews for future use across the Group
- Manage law enforcement outreach and outreach to peer banking institutions on intelligence

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
- 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
- Participate in regulatory and supervisory meetings and consultations
- Partner with legal counsels for matters regarding individual liability and country

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.

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