Job Description

Role Responsibilities

The role of Controls Operations is to support the Country Head of FC in the execution of their accountabilities relating to the management and oversight of FCC surveillance related processes including activities managed by Country Financial Crime Surveillance Operations.

Responsibilities*

Strategy*

\xc2\xb7 Support Head of FC to ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary FCC controls & oversight.

\xc2\xb7 Assist Head of FC to implement the vision, strategy, and direction for the Country FC, consistent with the vision and strategy for FC and in support of the Group\xe2\x80\x99s strategic direction and growth aspirations

Business*

\xc2\xb7 Analyse comprehensive impact of financial crime related regulatory /law enforcement matters on the relevant business area and operations.

\xc2\xb7 Support relevant stakeholders to review decisions based on current and possible future policies, practices, and trends.

Processes*

\xc2\xb7 Review of Group processes and lead implementation for FC. Oversight on FCSO to ensure the processes are implemented as per group standards. Deviations if any to be documented through Country Addendum/dispensation.

\xc2\xb7 Develop, keep-up-to date and recommend for approval by the relevant Risk Committee, appropriate FC Controls policies/procedures/DOIs to address financial crime risks, aligning with relevant regulatory requirements

\xc2\xb7 Providing governance and oversight over the implementation of FC Controls -related policies and procedures in Country to ensure compliance with such policies and procedures.

\xc2\xb7 End to end Outsourcing for any FC related system and processes including liaising with project leads, relevant stakeholder and submission to Board/Regulators for approval.

People & Talent *

\xc2\xb7 Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.

\xc2\xb7 Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.

\xc2\xb7 Collaborate with training teams to input to training curriculum to support closing of capability gaps.

\xc2\xb7 Ensure capacity plan is duly completed for FC so that the team is adequetly staffed to perform duties objectively, to support sustainable business growth and address financial crime risks.

Risk Management*

\xc2\xb7 As applicable oversee activities managed under FC and FCSO

\xc2\xb7 Maintain oversight of risk mitigating action plans.

\xc2\xb7 Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management

\xc2\xb7 Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.

\xc2\xb7 Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.

\xc2\xb7 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.

\xc2\xb7 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.

\xc2\xb7 Ensure that significant investigations are concluded internally and externally where relevant (including cross-border).

\xc2\xb7 Provide intelligence inputs to support calibration of bank\xe2\x80\x99s Risk Methodologies (including aggregate client risk, product risk and country risk assessments).

\xc2\xb7 Define the applicable control standards under the FCC Global Risk Assessment and ORF.

\xc2\xb7 Ensure that the relevant lists and database as used by the screening systems are up-to-date

\xc2\xb7 Review and assess existing system and controls relevant to FCC to ascertain operational performance effectiveness

Governance *

\xc2\xb7 Attend relevant leadership meetings to represent Head of FC when required

\xc2\xb7 Assist Head of FC to have an oversight on FC Investigations.

\xc2\xb7 Ensure tracking and remediation of surveillance and investigations related regulatory findings.

\xc2\xb7 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.

\xc2\xb7 Propose control improvements, enhancements and simplifications where appropriate.

\xc2\xb7 Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).

\xc2\xb7 Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.

\xc2\xb7 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.

\xc2\xb7 Lead or influence significant programmes of work in support of the financial crime compliance objectives.

\xc2\xb7 Gap analysis for Group AML & Fraud P & S against the local regulations including preparation of any Country Addendum/dispensation & tabling in the relevant risk committee.

\xc2\xb7 Preparation of risk committee papers \xe2\x80\x93 Board, BAC, ERC, CFCRC for FCC/Fraud related matters including Annual AML attestation to the Board.

Regulatory & Business Conduct *

\xc2\xb7 Liaising & coordinating with regulators for audits and other FC/Fraud related matters

• Review & analyse regulatory updates for further dissemination to the team & risk committees.
• Co-ordinating with all businesses and process owners for submission of annual AML data to the regulator.

\xc2\xb7 Gap analysis for local regulations for FC and Fraud including liaising with Process Owners and tracking until closure of all gaps.

\xc2\xb7 Display exemplary conduct and live by the .

\xc2\xb7 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 Head of FC to lead the [ Malaysia / CFCC / FC] to achieve the outcomes set out in the Bank\xe2\x80\x99s 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*

Bank Negara Malaysia, Labuan Financial Services Authority

Business Segments

Country FCSO

FCSO \xe2\x80\x93 GBS

Regional FCC

SCB Singapore

Other Responsibilities*

\xc2\xb7 Embed Here for good and Group\xe2\x80\x99s brand and values in Malaysia FCC team

\xc2\xb7 Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures as applicable

Qualifications*

Training, licenses, memberships and certifications

Professional membership with industry professional bodies such as ACAMS, AICB for continuous development/improvement/awareness of current practices.

Completion of mandatory and developmental trainings specific to the role and any regulatory role specific training.

Our Ideal Candidate

Surveillance (including Screening and Monitoring)
Investigations
Compliance Advisory
Compliance Review and FCC Assurance
Compliance Policies and Standards
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 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.

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