Regional CDD Risk Analyst

Job description / Role

Department: CIB
Grade: 5

Reports To: Regional CDD Risk Manager

Job Description:
Subject Matter Expert for the end to end CDD process for CIB (IC/FI/LC/MM). Constantly review and resolve the risks arising from the CIB Customer Due Diligence policy, process, system and procedures with an aim to improve the risk quality, efficiency and effectiveness and meet the required regulatory and internal standards.

Key Roles and Responsibilities:
* Drive the Global CDD model to build synergy between the countries and regions, work closely with CDD Risk Managers from other regions to share best practices and ensure uniform approach towards implementation of Global CDD Model and adherence to DOIs
* Act as the "go to" person in CIB for the region/country for advice on policy, process, system and procedures to enable creation of a true "Centre of Excellence" for the CDD model between the hub and the Spokes from an end-to-end process perspective.
* Act as the Country Process Owner for the country in which the risk manager resides, monitor and agree the residual risk rating for the country.
* Maintain continuous liaison with Regional FCC & central CIB/FCC teams for guidance on complex policy/risk issues and active feedback loop for policy gaps and revisions required
* Monitor long overdue cases, manual trigger reviews, sanctions submission, paper case rectification, CST/QIA rectification, and report to the relevant governance committees/groups as appropriate
* Act as an escalation point for FCC on risk issues identified through second line assurance or advisory processes and thematic feedback on CDD quality in the country / region.
* Play an expert role as an advisor/coach to RMs and CDD Execution Teams to ensure ongoing quality assurance of the CDDs in the region
* Advise on any training gaps in the region that require rectification or proactive actions
* Seek and escalate front line feedback on market practices and peer bank policy/procedures.
* Work and/or lead on global and regional projects as prioritized by the region/group
* Act as CDD Spokesperson for the Region (representation at BORC, Regional Risk Forum, and other committees)
* Monitor and execute as appropriate timely completion of ORF checks by CIB Teams, Hub & Country CETs, ensure escalation of exceptions noted if any, through appropriate forum (Unit BORC/CORC) and to Country/Regional Heads
* Assist Country Teams on responses to CDD related queries from ongoing audits, if any and involve the CDD Teams on queries involving process/system changes, for effective closure

Key Relationships:
* CIB Segment/Product Heads & COO teams
* COBAM Heads
* CDD PGC members
* CIB PGC members
* CET Heads
* FCC CIB Global / Regional FCC CDD Controls
* Operational Risk, (BORMs)
* GSSC CDD Hubs
* Internal Audit
* Regulators (where applicable)

Contributes To:
The overall quality, risk management, efficiency and effectiveness of the Global CDD model:
* Effective CDD governance
* Risk escalation and awareness
* Effective CDD Quality
* Effective CDD Training
* Effective Communication

Requirements

* Masters or Bachelors degree
* Subject matter expert & thought leadership in KYC/CDD and related operations
* Knowledge of the local/regional regulatory environment and the ongoing developments
* Specialist knowledge of industry / consulting practices
* Process and operational expertise with a keen sense of commercial awareness needed to develop appropriate solutions.
* Proven experience of developing, interpreting & applying AML policy in the context of a Client/Enhanced Due Diligence process
* Good knowledge of Wholesale Banking products
* Project Management skills to undertake and supervise/monitor specific projects
* Proactive and positive with the ability to make good/sound decisions and use independent judgement
* Thorough understanding of the legal structures of various client entity types including financial institutions, corporate organisations, funds.
* Ability to create effective work relationships across functions & borders
* Interpersonal skills in networking, influencing and decision taking
* Good presentation, time management, negotiation and influencing skills
* Proven ability to build relationships with FCC & stakeholders in the Business and Operations by communicating, influencing and negotiating effectively
* Can work independently to strict timeframes
* Focused, organised and results-oriented
* Experience of working with senior stakeholders. Ability to influence senior staff and offshore shared services teams and drive change agenda
* Assertive, tenacious and willing to challenge when required

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.