Senior Manager - Controls, FCC (Financial Crime Compliance)

Job description / Role

Senior Manager - Controls, FCC (Financial Crime Compliance) - UAE National Preferred

The role of Senior Manager - Controls, Financial Crime Compliance (FCC) is to provide support, oversight and assurance that core operational processes executed in FCC, as well as the specialist supporting systems for surveillance/ screening are functioning effectively and efficiently in handling financial crime risks for the business as usual teams.

Overall Responsibilities
* Provide oversight on risk profile screening escalations / alerts
* Examine transactions across country linking up pockets of suspicious activity or intelligence
* Assess risk and manage high risk production orders/subpoenas/warrants
* Review significant risks and issues 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. This should include the use of ""link analysis"" tools
* Manage alerts/cases/ Suspicious Activity Reports (SARs)
* Manage alerts from customer match reports and dynamic risk rating and escalation to region
* Manage escalations from the business
* Manage escalations based on customer screening alerts
* Implement the transaction monitoring and screening framework appropriate in the region and country so that relevant alerts are generated for investigations
* Support Country or cross-jurisdiction investigations and alert the Regional Financial Crime Investigations team for further assistance when necessary
* Deploy the relevant statistical techniques and tools to identify and mitigate financial crime risks efficiently
* Implement the necessary quality assurance metrics required for tracking the operational performance of Controls
* Follow up with action plans and escalation reports to ensure that the Control functions are operating up to standards and expectations
* Provide advice and guidance to the frontline staff regarding financial crime screening policies and procedures when necessary
* Ensure that Customer Due Diligence (CDD) Controls and screening for Politically Exposed Persons (PEPs) are up to the bank's and regulatory standards and procedures
* Review local regulatory standards against global standards; understand local requirements and ensure that these are complied with in terms of CDD Controls / PEPs policies and procedures

Leadership and Management
* Provide leadership and guidance to the Controls team
* Develop skilled resources within the Controls team who can contribute to the management of Financial Crime Compliance (FCC)
* Support efforts to position the Bank as an industry leader in the eyes of regulators and industry stakeholders
* Promote and embed a compliance culture throughout the Bank

Stakeholders Relations
* 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
* Provide assurance and feedback to the Country Head of FCC and the Regional Head of Controls regarding the performance of FCC core operational processes and specialist supporting systems in handling financial crime risks

Requirements

* The ideal candidate will have significant Finanical Crime Compliance experience; broad experience covering Anti-Money Laundering, Sanctions, Customer Due Diligence
* Ideally you will have exposure / experience working in an international bank.
* You will have the ability to review / challenge processes where there are flaws / weaknesses.
* You will have strong stakeholder management experience.

Because we have a big vision, there's a lot to do. We need people who are comfortable with the unknown and passionate about building something for the long term. If impact is your ultimate goal then there never was a better time to join us because the work that you do will influence the direction that we take.

Are you ready to solve important problems that make a big difference? Apply now.

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.