Officer, Operational Risk

Job description / Role

Purpose:

* Assist Business Unit Head and Head G&C in coordinating, driving and directing effective compliance and operational risk management at the business unit level.
* Implement controls within the business unit to meet all regulatory and internal requirements. Ensure proper functioning of day-to-day controls, periodic monitoring activities and timely resolution of risk issues.

Key Roles and Responsibilities

* To be the source of reference within the business unit in facilitating and promoting the understanding of OR and compliance requirements.
* Lead and support implementation of OR initiatives for the business unit.
* Proactively communicate with the Business Unit Head and Head G&C on operational risk issues. Escalate significant events to Head /HEAD G&C/ Business Head as appropriate.
* Coordinate and consolidate Operational risk and loss reporting of the unit for the reporting to the FORF, and Business Unit Head. Ensure data accuracy and completeness.
* Design and implement control measures and monitoring plans for compliance and operational risk management. Ensure effectiveness of controls for compliance monitoring and risk management.
* Undertake and/or coordinate periodic business monitoring (self-assessment) activities within the Business Unit and escalate findings and or breaches to Business Unit Head when they occur.
* Ensure risks and issues identified are resolved in an appropriate and timely manner.
* Assist Head G&C in the implementation of OR framework or other relevant OR initiatives.
* Could act as the Unit Money Laundering Prevention Officer (UMLPO), or cooperate with the UMLPO to ensure appropriate internal controls and procedures for money laundering prevention are in place and functioning as intended. Where appropriate, assist in the investigation of financial crime risks.
* Identify gaps and arrange training on compliance and OR for staff.

Anti Money Laundering

* Ensure compliance with the Group's standard and regulatory requirements pertaining to Money Laundering and KYC.
* Participate in and/or support the Bank's effort in combating money-laundering activities.
* Exercise due care and diligence on matters related to Money Laundering and KYC in the day to day operations, which include account opening and reviews, transaction monitoring, reporting suspicions, customer communication, implementing new requirements, updating and revising operating procedures, acquire relevant knowledge and training, provide support to superior and subordinates.

Requirements

* Cross team collaboration and leadership skills - proactive engagement with Business Unit Head and all responsible persons in the unit.
* Effectiveness of the control and monitoring of Operational risk, compliance risk and money laundering prevention at the business unit level.
* Satisfactory results on audit undertaken by Group Internal Audit, FSA, regulators and external auditors.
* Timely communication of changes to the regulatory environment and internal Policies from Legal and Compliance and Operational Risk Management Group.
* Timely reporting and escalation of all operational risk exposures.

Closing Dates

The closing date for applications is 11/12/2017. 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 and 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.