Analyst, FCC Controls

Job description / Role

The Role Responsibilities

Strategy
* Support and implement the vision, strategy, direction and leadership for the country consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspiration

Business
* Keep track of and respond to relevant stakeholders on various enquiries.
* Support in analysing comprehensive impact of financial crime related regulatory/law enforcement matters to FCC, UAE

Processes
* Ensure compliance with FCC-related policies and procedures in FCC UAE.

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

Risk Management
* Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
* Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
* Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies
* Ensure the suitability and quality of case data maintained on enterprise case management systems.
* Partner with legal counsels for advice on technical matters

Governance
* Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC function
* In the event of breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.
* Suport in tracking significant issues arising from FCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
* 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.
* Lead the FCC UAE Law Enforcement 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.

Key Stakeholders
* UAE Central Bank; Anti-Money Laundering & Suspicious Cases Unit (AMLSCU).
* Work closely with FCC UAE and FCC Controls to ensure timely data flow.
* Work closely with all applicable business segments and relevant stakeholders.

Other Responsibilities
* Embed Here for good and Group's brand and values in FCC UAE team.
* Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Requirements

* Association of Certified Anti Money Laundering Specialist (ACAMS) certification or equivalent preferable but not considered essential.

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.