Manager - FCC

Job description / Role

Job Description
Senior Manger, FCC Trade - The role holder provides thought leadership regarding the identification and mitigation of financial crime risk affecting the Trade business in his or her country. The role holder provides product specific financial crime risk support to the Trade business and Trade Operations and provides his or her Trade experience to Local FCC (in his or her country) where needed. The role holder is a key resource in the roll out and day-to-day management of the Trade AML program in their country and participates actively in the assessment of escalated cases.

The role holder also regularly participates in global discussions and calls with other FCC, Trade experts around Trade Based Money Laundering (TBML) and other trade-based financial crime.

Key Roles & Responsibilities:
* Provides advice to the Trade business, which includes local Trade Operations, regarding financial crime risks and controls.
* Reviews new Trade products and initiatives in the local market and recommends solutions to address any risks.
* Reviews existing Trade product CAs against the FCC Global Product Risk Assessment and recommend solutions to address any local risks.
* Provides guidance in preparation for a Trade financial crime risk regulatory inspection.
* Is the subject matter expert in cases escalated by AML Advisors to Country FCC (level 3) for assessment and possible escalation to authorities.
* Is the local representative for FCC for the local roll outs of the Trade AML Target Operating Model and provides all necessary support from an FCC perspective to ensure a successful roll-out.
* Reviews existing financial crime risk controls in Trade to determine their adequacy.
* Proposes new/revisions to existing controls to incorporate changes to industry best practice and regulatory expectations.
* Works collaboratively with the business and Operational Risk in the B/LKCSA process for financial crime risk.
* Ensures appropriate documentation of controls and control decisions.
* Helps maintain an effective financial crime risk training and awareness programme using different modes of delivery for Trade.
* Provides ad-hoc additional training as and when appropriate.
* Supports trainings and workshops in his or her country specifically tailored around TBML.
* Assists in developing new trainings and provides case material based on experience, when necessary.
* Performs an annual risk assessment and develops and implements Compliance monitoring in conjunction with relevant stakeholders.
* Prepares reports for senior management in country and for Global or Regional FCC when required.
* Monitors completion of mandatory training and tests financial crime risk awareness within Trade.
* Ensures timely escalation of incidents, control breaches to relevant stakeholders, assists in preparation of Suspicious Activity Reports (SAR's).
* Performs quality assurance review of Trade Operations' decisions in relation to potentially suspicious activity.
* Builds relationships with relevant stakeholders in the business, in the L&C organisation, and in other risk functions.
* Endeavours to keep all relationships on a strong professional and collegial footing.
* Endeavours to take a holistic approach to the management of risk - the financial crime risk issue may not be the most pressing risk issue.

Requirements

Qualifications & Skills:
* Possesses core technical knowledge of the Trade business with a sound practical background in any of the Trade areas of Front Office, Product Management, Operations or Risk.
* Possesses core technical knowledge of Trade related financial crime risk typologies and controls.
* Core knowledge and experience in risk identification, risk assessment, controls development, training, monitoring and reporting.
* Ability to engage and partner with business and risk function management at a local level, both to deliver value added service and to represent the Compliance function.
* Participates in any (Trade) AML working Group and other committees as so required by the Country Head of FCC - identifying risk focus areas, key regulatory change, and resource needs and control enhancements.
* Ability to partner actively with the local and regional Compliance team.
* Core ability to analyse relevant financial crime laws and regulations and co-relate issues to Trade products and business models.
* Core ability to identify and articulate financial crime risk issues, and to make clear decisions / recommendations in their regard.
* Core problem solving and solution finding skills.
* Ability to carry out data mining and trend analysis.
* Core presentation skills - one-to-one, small group, large group.
* Core teamwork skills.
* Core ability to ensure that relevant stakeholders receive relevant and timely information on developments in financial crime risk or in the business, with the priority on ensuring ""no surprises"".
* Core ability to use communications channels appropriate to the situation.
* Dispute resolution skills.
* Ability to lead discussions around complex problems with relevant stakeholders.
* Ability to drive the financial crime risk agenda with senior business leaders.
* Core knowledge of the system of internal controls that enables effective management of the financial crime risk in Trade.
* Core knowledge of internal risk governance and management structures.
* Introductory knowledge of the products and services offered by the bank, its history, geographical footprint, and strategic plan.

Closing Dates:
The closing date for applications is 16/10/2014. 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.