Financial Crime Compliance, Project Manager (Fixed Term Contract - 12 months)

Job description / Role

Department:Financial Crime Compliance
Grade: Fixed Term Worker - 12 months

Reports To: Head of Controls, Financial Crime Compliance - MENA

Job Description
Various requests and ad hoc tasks (investigations and look backs) which requires the regional FCC Controls resource to respond to and complete analysis for in a timely manner in regards to Transaction Monitoring, Customer Screening and Customer Sanctions Review.

Key Roles and Responsibilities

Business
* Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
* Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.

Processes
* Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs (Department Operating Instructions) to address financial crime risks, aligning with relevant regulatory requirements.
* Providing governance and oversight over the implementation of FCC-related policies and procedures in AME to ensure compliance with such policies and procedures.
* Provide advice to relevant stakeholders on compliance with Group standards relating to [AML(Anti Money Launderin)/Sanctions/ABC(Anti Bribery and Corruption].

Risk Management
* Ensure the suitability and quality of case data maintained on enterprise case management systems.
* Understand technical aspects of systems relevant to CDD (Customer Due Diligence), Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management
* Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring systems.
* Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
* Review and assess existing system and controls relevant to FCC to ascertain operational performance and effectiveness.
* Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
* Ensure that the relevant lists and database as used by the screening systems are up to date.
* Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
* Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
* Assess risks arising from products / segments / geographies / customers / transactions.
* Advise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologies.
* Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
* Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).

Governance
* Propose control improvements, enhancements and simplifications where appropriate.
* Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
* Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
* 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.

Regulatory and 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 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.

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

Requirements

LEADERSHIP COMPETENCIES:
- Spot Opportunities
- Solve Problems
- Take the Lead
- Build Resilience
- Collaborate
- Communicate
- Deliver Sustainably
- Achieve Results

TECHNICAL COMPETENCIES:
- Compliance Policies and Standards
- Compliance Advisory
- Compliance Review and FCC Assurance
- Surveillance (including Screening and Monitoring)
- Investigations
- Compliance Risk Assessment
- Regulatory Liaison

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.