Standard Chartered Hiring for Associate, FCC Sanctions Operations, AME Job at Dubai Full Time

JOB SUMMARY

Sanctions investigation and risk management.

RESPONSIBILITIES

Business

• Support line management in ensuring that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications.
• 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.
• Be updated on current events, regulatory issues and new and changing Sanctions regulations, in country, in the UK and the US, and internationally
• Provide Sanctions Compliance advice and guidance to businesses and functions in a timely, effective and constructive manner on relevant issues escalated to the Regional FCC Sanctions

Processes

• Ensure accurate and timely disposition of cash and trade transactions screening alerts in compliance with the relevant Sanctions Policies, Standards and Departmental Operating Instructions for cash and trade screening alert investigation activities.
• Support the business/functions/group/regions/countries with transactional queries ensuring timely and constructive responses
• Awareness of processes around sanctions true matches (coordination with SRE process) including reporting of breaches, Potential Circumvention Attempts, addition to and maintenance of internal lists and capturing of trends
• Support projects and inititives (as nominated) involving transaction screening function ensuring risks are adequately highlighted and mitigated appropriately thereby enabling smooth implementation
• Continuously review the cash and trade transactions screening process sanctions controls and identify if changes and controls are required to better manage risk.

People & Talent

• Identify training needs of Sanctions Risk Analysis and Controls team and communicate to line management
• Support Sanctions/ training programs to meet the training needs of CFCC.
• Support Sanctions/ training programs to meet the training needs of the business

Risk Management

• Understand technical aspects of systems relevant to Transaction and Name Screening, Case Management, CDD and Client Risk Assessments
• Support the establishment and maintainence of watch lists used for customer and transaction screening and various other due diligence and investigative purposes (local/regional internal and external).
• Apply Group and CFCC policies and processes 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 geographies / customers / transactions.
• Identify financial crime risk indicators through various internal/external sources that impact SCB and its clients.
• Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
• Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
• Escalate immediately to Regional Head of Sanctions material breaches or potential breaches of sanctions laws, regulation or Group procedures

Governance

• Support all control checks undertaken by CFCC under the Enterprise Risk Management Framework (ERMF).
• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
• 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.
• Maintain reporting of key transactional related metrics to Financial Crime Compliance Sanctions leadership on a regular basis
• Participate in the development and maintainence of effective governance and oversight of the Financial Crime Survelillance Operations (FCSO) teams and embed a continuous engagement model

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 Sanctions Investigations and Operations team to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• Support the establishment and development of effective working relationships with business/functions in the effort of partnering to improve effectiveness of Sanctions Operations
• Support the relationship with Country CFCC teams to support in-country transactional activity and business queries, and to provide guidance and oversight of Sanctions Compliance processes
• Support the development and maintenance of effective working relationship and engagement with the Financial Crime Surveillance Unit (FCSO) teams

Other Responsibilities

Embed Here for good and Group’s brand and values in AME Sanctions Risk Analysis and Controls team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

QUALIFICATIONS

• Certification in CGSS (Sanctions) or AML or equivalent.
• Knowledge and previous experience in Sanctions, AML related investigations roles