Head of Governance

Job description / Role

Head of Governance, FCC, UAE

To assist management in ensuring that the business is operated in accordance with all legal and regulatory requirements and all Group standards relating to execution of the Anti-Money Laundering (AML), Sanctions and Anti-Bribery and Corruption (ABC) programmes to to protect and enhance the reputation of the Bank with its regulators and avoid significant financial loss or reputational damage

Key Roles & Responsibilities
- To help ensure that end to end AML/Countering the Financing of Terrorism (CFT)/Sanctions/ABC risks are managed within the Country in line with the Groups global compliance frameworks for financial crime compliance.
- Ensuring Group AML standards conform to local laws and that where there are gaps, ensure that they have in place dispensations for variances to the extent permitted by local laws
- Monitoring of local regulatory and law changes and ensuring that relevant groups are advised
- Assist in Liaison & Relationship management with local law enforcement
- Second line oversight of financial crime processes owned by the first line, including CDD, AML Surveillance, and Customer Screening in the country, supported by GTO; Regional / Group FCC; Regional L&C; business L&C
- Approval of 1st line processes and procedures related to Financial Crime
- Liaison on financial crime surveillance and intelligence operations in the country (including testing Group Shared Service Center (GSSC) in Chennai, KL, Tianjin where appropriate).
- Gathering intelligence at a country level, inputting into case manager and escalating significant issues to Regional FCIO
- Provision of investigative research/expert advice and recommendation on potential high risk accounts escalated by CDD advisory and issues which arise in the country
- Provide support to country on regulatory relationship management and exams relating to FCC
- Assisting in FCC Assurance Testing
- Contrubute to investigations in country: significant cases as defined under the Group Investigations Procedures, Bribery and Corruption cases, speaking up cases, data theft cases etc.
- Prepare lessons learned documents (from SARs & AML Investigations) and share with business advisory teams and Regional Head, FCCfor cascade to other FCC teams.
- Monitor and escalate significant changes to Money Laundering risks affecting country, including the development and performance of country level AML risk assessment.
- Preparation and management of country metrics/reports.
- Analyse and escalate regulatory developments relating to all issues in the country to the Regional FCC Head, so that Group policies and procedures may be updated where necessary.
- Ensure that countries identify additional local requirements for FCC beyond Group standards and that those additional local requirements are implemented.
- Contribute to Operational Risk and Fraud Risk Assessments (where applicable and on request of Group Risk-Fraud)
- The communication of key AML/CFT issues with senior management, including, where appropriate, significant compliance deficiencies

Requirements

- Eperience in financial crime risk management.
- Experience in the banking industry, including demonstrated success in a similar role.
- Ability to assess financial crime risk
- Eexcellent interpersonal skills and multi cultural awareness and sensitivity.
- Understanding of best practice risk management techniques and frameworks.
- Understanding of the key features of relevant laws and regulations relevant to the Country
- Sound judgement on business practices, regulatory relationship management and reputational risk.
- Exemplary integrity, ethics, independence and resilience.

Closing Dates
The closing date for applications is 29/12/2014 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.