Standard Chartered Hiring for Director, FCC Risk and Control Job at Dubai Full Time

The Role Responsibilities

STRATEGY

• Support Country Head of FCC and act as Deputy CMLCO or DIFC MLRO (with appropriate regulatory approval obtained where required by country regulations) to:
  • Input to Country/DIFC operating model design of relevant FCC and business processes.
  • Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary FCC controls.
  • Set 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 aspirations.

BUSINESS

• Analyse comprehensive impact of financial crime related regulatory matters on the relevant business area and its operations.
• 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.
• Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.
• Ensure that risk frameworks and associated standards are effectively communicated and understood by process owners.

PROCESSES

• Providing governance and oversight over the implementation of FCC-related policies and procedures in country to ensure compliance with such policies and procedures.
• Provide advice (typically via CFCC Advisory) to relevant stakeholders on compliance with Group standards relating FCC risks.
• Act as (second line) Risk Control Owner under the Group’s Risk Management Framework for those aspects of Regulatory Compliance relating to FCC risks and escalate issues as appropriate.
• Act as the delegated Risk Framework Owner under the Enterprise Risk Management Framework for AML.
• Oversee the assessment of all AML risks identified in Business and Function (including FCC-owned) processes.
• Ensure that where risks are outside appetite the root cause is determined and addressed.
• Act under delegated authority to make client specific risk decisions.
• Act as the principal point of contact for Country CFCC Advisory and responsible to join up the FCC-function so that effective outcomes are realized in first line processes requiring fewer touch points between FCC and the first line.
• Engage with Country CFCC Advisory Heads & Country CFCC Governance Head to ensure that FCC risks are effectively managed in the Businesses in line with the risk frameworks.
• Provide specialist expertise to Country CFCC Advisory by drawing on resources under direct control and leveraging the wider FCC function.
• Manage various projects/initiatives as directed by the Country Head of FCC.

PEOPLE AND TALENT

• Provide leadership, management and coaching to peers and subordinates to ensure they are highly engaged and performing to their potential.
• 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.
• Provide input at business, function, country and individual level as appropriate, on compliance matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).

RISK MANAGEMENT

• Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Case Management and SAR decisioning.
• Understand technical aspects of AML Transaction Monitoring where it concerns annual reviews of detection scenarios, threshold tuning and reviews of TMEER reports.
• Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
• 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.
• 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.
• Anticipate horizon risks in the area of financial crime that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.
• Advise relevant stakeholders on outcomes of FCC risks identification and assessment methodologies.
• Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.

GOVERNANCE

• Support senior oversight of FCC country.
• Attend the relevant meetings in support of FC governance and FCC’s second line oversight responsibilities.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Provide leadership to the FCC network as part of the Group senior FCC management team.
• Engage effectively with senior members of the Business and COO functions where needed.
• Lead or influence significant programmes of work in the Group in support of the Group’s financial crime compliance objectives, for example major capability upgrades or remediation activities.

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.
• Support the Country Head of FCC to achieve the outcomes set out in the Bank’s Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

ABC COUNTRY LEAD

• Communicate ABC messages periodically to staff in country and serve as an ABC contact point for in-country teams, promoting the ABC Programme and Championing the Bank’s zero tolerance approach to Bribery and Corruption.
• Provide ABC Training.
• Review of ABC Management Information reports and to timely report to Country Financial Crime Risk Committee or the relevant governance forum.
• Oversee timely completion of the country-level ABC Global Risk Assessment process and assess Residual Risk for ABC at Country level within applicable processes and timeframes.
• Execute advisory responsibilities as per the ABC control framework and oversee escalations and remediation activity.
• Ensure the accuracy and completeness of the country Intermediaries listed on the central register, through consultation with Country Function and Business stakeholders, and validation with the Country CEO on a periodic basis.
• Oversee ABC related country-level audits and assurance reviews.
• Hold regular meetings with key ABC stakeholders in country.
• Be knowledgeable and aware of ABC trends in country.
• Any other responsibilities required of the ABC Policy and Standard.

KEY STAKEHOLDERS

• CMLCO, Head of FCC UAE and CMLCO, Head of CFCC DIFC
• Country CFCC (sub) Teams
• Country Governance Team
• Regional CFCC Team
• Functional ABC Process Owners
• Business Segments CDD Operations Teams
• Financial Crime Surveillance Operations (FCSO)
• Group Internal Audit (GIA)
• Shared Investigations Service (SIS)
• UAE Central Bank Anti-Money laundering Financial Intelligence Department (AMLFIU)

OTHER RESPONSIBILITIES

• Any other reasonable tasks assigned by the Head of FCC.

Our Ideal Candidate

• ACAMS

Role Specific Technical Skills And Competencies

• Manage People
• FCSO Group Policies & Standards
• FCSO Advisory
• FCSO Assurance
• Surveillance (including Screening and Monitoring)
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison
• Manage Change
• Manage Projects

About Standard Chartered
We’re an international bank, nimble enough to act, big enough for impact. For more than 160 years, we’ve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you’re looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can’t wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you’ll see how we value difference and advocate inclusion. Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do.
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well.
• Be better together, we can be ourselves, be inclusive, see more good in others and work collectively to build for the long term.

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies – everyone feels respected and can realise their full potential.

Recruitment assessments – some of our roles use assessments to help us understand how suitable you are for the role you’ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers