Job closed
Ref: HP048-1261
Job description / Role
Strategy
* Support implementation of the vision, strategy and direction for FCIIU AME, consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.
Processes
* Develop and keep up to date appropriate policies/processes/ DOIs to faciliate effective governance over FCIIU operations, aligning with Group FCIIU across intelligence and investigations.
* Ensure implementation of FCC policies and procedures as applicable to FCIIU.
* Manage and/or resolve cases/SARs.
People and Talent
* Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
* Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
* Identify and articulate knowledge and capability gaps to input to training curriculum to support closing of those gaps.
Risk Management
* Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
* Assess risks arising from products / segments / geographies / customers / transactions.
* Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
* Analyse significant financial crime risk events (e.g. SAR's, non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally as well as externally across all relevant jurisdictions.
* Identify intelligence for typology studies and risk mitigation plans.
* Identify financial crime risk indicators through various internal/external sources and the media; map and assess those risks, quantify the potential impact and escalate where necessary. Advise relevant stakeholders on outcomes of financial crime risks identification and assessment methodologies.
* Apply data analytics to large data sets in order to target risk.
* Support end-to-end financial crime client reviews initiated by external sources (regulators, agencies, authorities or other external organisation), and internal events as applicable.
* Ensure remedial actions (eg Regulatory reporting, client exits, additions to watchlists) are recommended,
* Conduct a root cause analysis on the control/other failures to identify lessons learned.
Governance
* In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
* Identify lessons learned from investigations as applicable.
* Propose control improvements, enhancements and simplifications where appropriate.
Regulatory & Business conduct
* Display exemplary conduct and live by the Group's Values and Code of Conduct.
* Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
* Support the FCIIU AME team to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.]
* Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Other Responsibilities
* Embed Here for good and Group's brand and values in FCIIU AME,
* Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Requirements
* Proven experience in investigation at a forensic level
* Strong Analytical skills
* Strong stakeholder management skills
* Strong Written and Verbal Communication Skills
Technical Competencies
* Compliance Policies and Standards
* Investigations
* Compliance Risk Assessment
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.