Senior Regional CDD Advisor, MENAP

Job description / Role

Why Standard Chartered?
Standard Chartered is a leading international banking group operating for over 150 years in Asia, Africa and the Middle East. We've built a successful and sustainable business by playing a fundamental role in economies, helping people and businesses grow and achieve their aspirations. With over 89,000 employees representing 127 nationalities, we value the diversity and unique perspectives amongst our people. We are committed to developing their strengths and enabling them to make a difference to our success by helping them fulfil their potential.

Job Description
This senior regional CB role provides regional leadership in MENAP in the management of regulatory standards and reputational and financial crime compliance arising from anti money laundering and customer due diligence.

The job holder must provide robust and objective advice, guidance, oversight and assurance to relevant country CB compliance teams in respect of high risk and complex AML/CDD issues linked to policy, customers or regulation.

Key Roles & Responsibilities
The role holder directly supports the Financial Crime Compliance (FCC) and AML management framework in CB to be delivered through:
* advice on CDD policy
* advice and escalation of higher risk relationships and complexity
* providing transparency and accountability to supported CB country compliance teams on CDD
* testing compliance with policy in the region
* interacting with CB compliance and country Heads of Compliance to escalate appropriately significant issues to the Head FCC MENAP & Africa and the Group Head of FCC, CB.

In support of this framework, the role holder must contribute and assist with :

* assessing risks arising from specific higher risk clients and proactively managing those risks in the interests of the Bank as far as possible, before significant audit issues arise;

* working with CB country compliance teams to ensure that the CB CDD procedures remain up-to-date and in compliance with laws and regulations in relevant countries and global policy standards;

* leading with CB Country compliance teams, the training of teams in the CB business that are responsible for CDD in the first line and establishing a feedback loop to support continuous improvement;

* closely liaise with the internal audit function to ensure that any weakness identified by the internal audit function relating to regional activities are appropriately followed up;

* establish an effective interface and highly collaborative relationship with the existing Financial Crime Compliance officers of the Standard Chartered Group and relevant country CB compliance heads and teams;

* supporting country teams in managing regulatory exams;

* ongoing testing and oversight of compliance with the CB CDD procedures.

Leadership and management

* Supports efforts to position the Bank as an industry leader in the eyes of regulators and industry stakeholders.
* Leverages shared resources at country and Group level to deliver advisory and testing objectives, including 'virtual team' members within the region.
* Establishes strong working relationship with Regional Heads of FCC and CB country compliance heads.

Knowledge development and information management

* Offers subject matter expertise on CDD, drawing on FCC networks, professional qualifications and experience.
* Ensures effective escalation within the Bank.

Partnership
* CB Legal and Compliance network both in relevant countries and regionally
* Financial Crime Compliance network and Operations
* Regional CB Management
* CB Audit
* Regulators
* Peers in other banks

DIMENSIONS:
Position will have the authority under Group and CB CDD Procedures to instruct the CB business / functions to take action, including in relation to:

* The approval of a new client relationship;
* Additional risk mitigants;
* Enhancements required in first line controls;
* The review of an existing client relationship;
* Rectification.

Future resourcing requirements will be actively reviewed and driven by a capacity model to be developed by the incumbent

How To Apply
Please apply online. To help speed up your application, please note the following:

- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role

- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)
- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application

It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
Closing Dates
The closing date for applications is 26/01/2014. 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.

Requirements

Qualifications & Skills
KNOWLEDGE SKILLS AND EXPERIENCE:

The position, requires some experience in one or more of:
* AML advisory,
* AML surveillance,
* Enhanced due diligence services
* Senior legal and compliance advisory exposure

RELEVANT SKILLS SET INCLUDE

Specialist Financial Crime Compliance Management:
* Identifies risk areas and develops solutions in specific area of FCC responsibility.
* Effectively implements and controls defined aspects of FCC processes and procedures.
* Offers subject matter expertise, drawing on FCC networks, professional qualifications and experience.

Financial Crime Risk Governance and Assurance:
* Tests FCC Compliance.
* Informs and escalates issues as necessary.
* Identifies where local law and regulation require dispensation from FCC procedures.

Financial Crime Compliance Reporting and Monitoring:
* Prepares and/or analyses management information to time and quality.
* Reports on tests performed.

Promotes awareness of Financial Crime Compliance and Prevention:
* Prepares draft awareness initiatives.
* Provides examples of failure and lessons learned.
* Provides examples for awareness presentations.

Leadership & Management:
* Supports the development and performance of direct reports.
* Maintains low attrition rates.

MEASURES:
* Actively sought for advice or involvement in projects by the business.
* Increased efficiency in FCC related processes without compromises on risk management.
* Positive feedback from the businesses, functions, regions, FCC network, senior management, regulators and external parties.
* FCC metrics in line with benchmarks.
* Clarity on the front line over policy, procedures, responsibilities.
* Demonstrated subject matter expertise.

Area Required Excellence
Specialist Financial Crime Compliance Management
* Identifies risk areas and develops solutions in specific area of FCC responsibility.
* Effectively implements and controls defined aspects of FCC processes and procedures.
* Offers subject matter expertise, drawing on FCC networks, professional qualifications and experience.
* Offers new ideas to improve procedures.
* Prepares drafts of procedures.
* Recognised as a potential 'subject matter expert' through networking, professional qualification and experience.
Financial Crime Compliance Governance and Assurance * Tests compliance with CDD policy and procedures.
* Informs and escalates issues as necessary.
* Identifies where local law and regulation require dispensation from FCC procedures.
* Influences peers to improve, leading by example.
* Produces concise assessments of FCC Compliance.
Financial Crime Compliance Reporting and Monitoring
* Prepares and/or analyses management information to time and quality.
* Reports on tests performed.
* Probes management information to identify divergence from standards.
* Escalates issues and proposes solutions.
* Contributes to the development of meaningful measures of financial crime compliance for use at Country and Group level.
* Uses data to improve risk assessments.
Promotes awareness of Financial Crime Compliance and Prevention * Prepares draft awareness initiatives.
* Provides examples of failure and lessons learned.
* Provides examples for awareness presentations. * Produces new initiatives to raise awareness of FCC.
* Informs FCC managers of lessons learned.
* Drafts lessons learned papers.
* Provides awareness presentations.
Leadership & Management

* Supports the development and performance of direct reports.
* contributes to low staff attrition rates within CDD Advisory.

* Acts as talent identifier and promoter in team and wider network through effective use of HR tools (Strengthsfinder, Learning@SCB, Learning Roadmaps, Q12, Conversations That Count) and networking.

MEASURES:
* Actively sought for advice or involvement in projects by the business.
* Increased efficiency in FCC related processes without compromises on risk management.
* Positive feedback from the businesses, functions, regions, FCC network, senior management, regulators and external parties.
* FCC metrics in line with benchmarks.
* Clarity on the front line over policy, procedures, responsibilities.
* Demonstrated subject matter expertise.

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.