Job Description

Role Responsibilities

There are dual responsibilities, firstly to support Country Head of FCSO to discharge responsibilities from an FCSO Investigation perspective and secondly to support Country Head of FCSO insofar as they relate to the management and oversight of controls related processes. The incumbent has to be mindful of conflict of interest in discharging the dual responsibilities.

Responsibilities*

Strategy*

\xc2\xb7 Input to Country operating model design of relevant FC Framework and business processes.

\xc2\xb7 Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary Surveillance Operations.

\xc2\xb7 Implement the vision, strategy, and direction for the Country FC, consistent with the vision and strategy for FCSO 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 make decisions based on current and possible future policies, practices, and trends.

Processes*

\xc2\xb7 Act as Process Owner for FCSO-owned (sub-) processes under the Group\xe2\x80\x99s Risk Management Framework, including implementation and roll-out of relevant processes and DOIs.

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

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

Investigations*

To investigate risk events / cases:

\xc2\xb7 Escalated by Financial Crime Surveillance Unit (FCSO-AA) teams (arising from Transaction Monitoring, Trade AML &/or Name Screening);

\xc2\xb7 Other escalations as per procedures / DOI; and

\xc2\xb7 Any other matter as directed by Country Head of FCSO

for identifying suspicious transactions / activities, in compliance with Group policy and procedures, laws and regulations in Singapore on AML/CFT.

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 Country is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.

\xc2\xb7 Ensure staff in Country have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.

Risk Management*

As applicable to activities managed under FCSO Controls

\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 Ensure that detection scenarios that are developed and deployed are fit-for-purpose.

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

\xc2\xb7 Ensure that detection scenarios that are developed and deployed are fit-for-purpose

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

Governance*

\xc2\xb7 Attend relevant meetings.

\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 FCSO 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 FCSO function.

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

Regulatory & Business Conduct*

\xc2\xb7 Display exemplary conduct and live by the Group\xe2\x80\x99s Values and Code of Conduct.

\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.

\xc2\xb7 Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders*

Regulators

Local Financial Intelligence Unit and Law Enforcement Agencies

Country CEO

Country CTOO

Country Operations

Country FCC

CFCC

Country Audit

Country Legal

Regional and Group FCC

Regional and Group FCSO

Peers in other banks / industry

Our Ideal Candidate

1. Compliance professional of at least 6 years standing with specific focus on FCC (AML/CFT, Sanctions and ABC), particularly in case investigation. Preferably with exposure with devising, running or enhancing FCC owned processes.

2. Be well-verse in the understanding of the MAS Notice 626, and other like guidance / circulars.

3. Regulatory engagement with local regulators.

4. Good judgment enabling the provision of sound advice in difficult areas of regulation and practice and the proactive management of compliance and regulatory risk.

5. Must possess excellent interpersonal skills and multi-cultural awareness and sensitivity.

6. Ability to manage and give leadership to functional stakeholders.

7. Sound judgement on business practices, regulatory relationship management and reputational risk.

8. Personal authority and integrity with proven ability to establish relationships and exert influence at the most senior levels of the Country and with regulators and other external stakeholders.

9. Be able to operate independently and demonstrate robustness in ethics and resilience.

10. Excellent verbal and written communication skills.

11. Bachelor\'s degree from a recognized university required.

12. Professional certification such as ACAMS and ICA Diploma is preferred but not a must.

ROLE SPECIFIC TECHNICAL SKILLS AND COMPETENCIES AND PROFICIENCY LEVELS*
Technical Competency Name: Proficiency Levels
Example: Data Science
Advanced

Compliance Policies and Standards Expert

Compliance Advisory Advanced

Compliance Review and FCC Assurance Advanced

Surveillance (including Screening and Monitoring) Advanced

Investigations Advanced

Compliance Risk Assessment Expert

Regulatory Liaison Advanced

Manage Change Advanced

Manage Projects Advanced

Manage Conduct Core

Manage People Entry

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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