Assist the Head of Policy, Group Financial Crime Compliance to set and implement the vision, strategy, direction and leadership for the team, consistent with the vision and strategy for FCC and in support of the Group’s strategic direction and growth aspirations.
Key Roles and Responsibilities
Business
Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
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 to ensure compliance with such policies and procedures.
Document and maintain all core documents, including policies/procedures/DOIs.
Provide advice to relevant stakeholders on compliance with Group standards relating to AML.
Risk Management
Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
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. ORF, 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 risk identification and assessment methodologies.
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
Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
Periodic reporting and timely escalation of significant risks and issues arising from FCC Monitoring and Assurance activities.
Co-ordinate/support the management of audits/exams.
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 & 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.
Work 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.
Key Stakeholders
Regional FCC Governance Teams
FCC Client Segment and Product Teams
Client Risk Framework Team
Group FCC Risk Assessment Team
Other Responsibilities
Embed Here for good and Group’s brand and values in the Group FCC Policy Team.
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
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