Analyst, FCC Controls
Standard Chartered Bank - UAE
Job description / Role
• The role of Analyst is to support the Country Head of CFCC in the execution of their accountabilities insofar as they relate to CFCC related processes and will support the Country Head of CFCC in;
• Assist in the implementation the vision, strategy, and direction for CFCC, consistent with the regions vision and strategy for the CFCC function and in support of the Bank's strategic direction and growth aspirations.
• Promote the culture and practice of compliance with CFCC standards (including conducting business within regulatory requirements, and to high ethical standards) within the Bank and embed a Here for good culture and the Group Code of Conduct.
• Input to Country Business operating model design of relevant Compliance, FCC, Conduct and business processes.
• Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality CFCC related advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
• Provide CFCC advice, analysis (and challenge when appropriate) including product design, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), and transactional advice.
• Provide robust challenge to relevant stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary, until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance/ appetite.
• Work closely with the business and its operational teams to provide timely advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive CFCC risk mitigation.
• Support the resolution of competing requirements between regulations specific to businesses (i.e. between AML regulations and data privacy/bank secrecy or information security regulations.)
• Promoting the culture and practice of global standards to the business, while managing local requirements
• Develop a good working relationship with GBS FCSU and participate in regular Service Delivery Meetings with them.
• Support ad hoc CFCC training initiatives where appropriate
• Regular and diarised catch up with all key business stakeholders on regular basis or for specific adhoc/arising business cases/issues.
• Work closely with respective business compliance teams to ensure products and transactions are appropriately designed and implemented as per the global standards and local requirements.
• Arrange to support waivers/dispensations that might be needed on a risk based approach in return to local requirements implementation and work with the business in seeking regulatory approvals demanded as required (ie CIB Tools)
• Arrange to review and set the local country addendums, where needed, vs the group standards and policies.
• Attend business/functions risk, complaints, clients experience, Data Governance forums and any other committees/forums that would require CFCC presence either as a member or primary invitee.
• Proactively support the business strategies within the appropriate conduct and local regulatory requirements.
• Assist in the identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
• Propose control effectiveness and efficiency improvements and simplifications where appropriate.
• Maintain adequate MI / trackers across all aspects of one's coverage and responsibility to ensure all issues and matters are tracked, followed, regularly assessed and reported on, including oversight of risk acceptance and/or mitigating action plans, identification and management of high risk clients or specific country reviews.
• Support the product programme and country addendum framework
• Regulatory relationships and regulatory change
• Manage and develop the relationship with the regulator in accordance with the Government & Regulatory Relationship Plan ("GRRP").
• Assist in ensuring the GRRP is effectively executed.
• Manage regulatory inspections and identification of regulatory reform that have an impact on SCB
• Support the Head of CFCC to provide briefings and guidance to management on regulatory matters.
• Ensure the Bank is properly prepared for, routine regulatory exams, audits and supervisory inspections, as well as to managing the response from the business.
• Regulatory & Business Conduct
• Display exemplary conduct and live by the Group's Values and Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate and resolve regulatory, conduct, financial crime and compliance matters.
• Support relevant stakeholders to respond to regulatory questions.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Bank.
• This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Ensure that fair outcomes to staff & clients in letter and spirit which should create the right environment and deliver our clients service centric goals through the implementation of highest standards.
• Perform other responsibilities assigned by Head of CFCC, from time to time.
Our Ideal Candidate
• Financial Crime Compliance Academy Certificate
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.