Ref: HP048-1444

Job description / Role

Employment: Full Time

Associate Director, FCC Governance

Overall Responsibilities

• Interpret Management Information and Reporting and provide covering analysis for Committees and Management Forums as appropriate
• Provide oversight on risk profile screening escalations / alerts
• Track/report all remedial actions (audit, CMRs, exams, RA etc.)
• Manage escalations from the business
• Provide advice and guidance to the frontline staff regarding financial crime screening policies and procedures when necessary

Stakeholders Relations

• Partner with colleagues across the Bank to help drive a culture of risk awareness and proactive risk identification and assessment
• Ensuring there is a consistent message to country FCC, and dealing with country issues as they come arise
• Support the business in managing regulatory relationships where FCC issues are a problem

Execute Compliance Governance, Frameworks and Models

• Partner with the business to make decisions based on the knowledge and interpretation of current and possible future policies, practices, trends and information of financial crime
• Develop and implement financial crime compliance arrangements/frameworks (programmes, policies and procedures) for AME FCC and business lines

Implement Identification, Monitoring, Testing, and Reporting

• Implement FCC/sanctions/AML/ABC risks identification and assessment and advise business on the findings
• Partner with Business and Operational Risk to identify and mitigate financial compliance risks

Manage and Mitigate Risks

• Conclude investigations of non-compliant activities
• Review system safeguards and recommend process enhancements

Strategy

• Input to Group / Region / Country / Client Business operating model design of relevant FCC and business processes.

Business

• Support relevant AME stakeholders to make decisions based on current and possible future policies, practices, and trends.

Processes

• Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
• Providing governance and oversight over the implementation of FCC-related policies and procedures in the AME Region, to ensure compliance with such policies and procedures.
• Document and maintain all core documents, including policies/processes/DOIs.
• Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions/ABC.

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.
• Develop communications strategies and plans that deliver timely and relevant messages to the right stakeholders through appropriate activities and channels.

Risk Management

• Align and support the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
• Provide advice on the application of risk management frameworks (e.g. ORA, GRA).
• Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
• 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.
• Implement AML/Sanctions/ABC risks identification and assessment methodologies.
• Conduct Country risk assessments.
• Map risks, quantify the potential impact and escalate where necessary.
• Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).

Governance

• Ensure coordination of Audits & Reviews, overseeing and facilitating the life-cycle of a review or audit.
• Drive regional execution against our FCC objectives.
• Oversee and coordinate the Global Risk Assessment ("GRA").
• Drive the roll-out and advancement of Management Information ("MI").
• Adhere to structured Reporting across AME region, upwards to Group FCC and other Group stakeholders.

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 AME FCC Regional Governance and in-country teams 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.

Project/Change Management

• All FCC related projects from a group, regional or local perspective must be consistently managed by the regional team ensuring compliance to FCC governance policies, methodologies and procedures.
• FCC Governance to ensure a structured and consistent approach to conducting business as usual activities, business change, projects and activities

Requirements

Qualifications

• Relevant undergraduate degree in Law, Compliance, Risk Management, Commerce and/or Economics
• Relevant professional certification in financial crime compliance, such as ACAMs, is desirable
• A diverse culture

We are committed to building a culture that fosters a diverse and inclusive environment that's free from bias, where everyone can realise their full potential and make a positive contribution. This is just one of our values that is expressed in our brand promise - here for good. 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.

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Associate Director salaries in UAE

Average monthly compensation
AED 37,000

Breakdown available for industries, cities and years of experience