Job Description

Job Summary
Transaction Screening is a team in Financial Crime Surveillance and Operations (FCSO). Transaction Screening team is responsible to review the Standard Chartered Bank's (SCB) screened incoming and outgoing electronic messages and transactions in the sanctions filtering system using the pre-defined criteria to support the compliance with the SCB Group procedures concerning sanctioned parties or countries. Transaction Screening team members are required to have Sanctions and Screening surveillance skill and to be able to analyse and evaluate information from disperse data sources to determine a course of action. A team member should have banking operations (Client Due Diligence, International Trade, Payments, Financial Markets and others) experience, service-oriented attitude and excellent communication in English as you're required to articulate and communicate the review decision clearly and to liaise with team members in other locations globally.
Key Responsibilities
Strategy

• Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the respective team for necessary FCC controls.

Business

• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.

Processes

• Manage and/or resolve alerts/cases

o Follow the Screening DOI to process risk events in line with Assess, Analyse, Act (AAA) process
o Do further analysis and escalations using knowledge about complex products

• Implement/roll-out Group and FCC processes/DOIs
• Maintain and recommend (for approval by the relevant Risk Committee) appropriate processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements

People & Talent

• Provide leadership, management and coaching to direct reports 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
• Collaborate with training teams to input to training curriculum to support closing of capability gaps
• Ensure the respective team 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
• Ensure staff in the respective team have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions

Risk Management

• Make recommendations) and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations
• Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure actions are taken quickly to remediate and/or activities are ceased.
• Analyse significant financial crime risk events (e.g. non-compliant transactions, production orders) to ensure all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions.
• Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.

Governance

• Track significant issues arising from FCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary
• Propose control improvements, enhancements and complications where appropriate
• 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
• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework
• Ensure tracking and remediation of surveillance and investigations related regulatory findings
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased
• Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations
• 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.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.

Key stakeholders

• FCC Controls representatives in Group and country.

Other Responsibilities
Embed Here for good and Group's brand and values in all supported countries, business units and teams. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);
Skills and Experience
5 to 10 years of relevant work experience in the following areas
For screening:

• Sanctions and screening (name and transaction) surveillance skills
• Analysis skills: able to analyze data, working knowledge of Internet and MS Office Suite & independently assimilate, analyse and evaluate information from disperse data sources to determine a course of action (e.g. case closure or escalation), and record and communicate this decision clearly and concisely.
• Banking: knowledge in terms of customers, products and transactions
• Banking operations experience (Client Due Diligence, payments, trade, markets or other) and service-oriented attitude.
• Excellent communication in English (articulation and writing).

Qualifications

• EDUCATION: Bachelor's degree in any field
• LANGUAGES: Excellent communication in English (articulation and writing)

Role Specific Technical Competencies

• Leadership Competencies
• Technical Competencies
• Compliance Policies and Procedures
• Compliance Advisory
• Surveillance (Screening)
• Compliance Risk Assessment

Competencies
Action Oriented
Collaborates
Customer Focus
Gives Clarity & Guidance
Manages Ambiguity
Develops Talent
Drives Vision & Purpose
Nimble Learning
Decision Quality
Courage
Instills Trust
Strategic Mindset
Technical Competencies: This is a generic competency to evaluate candidate on role-specific technical skills and requirements
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer
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 leave, parental/maternity (20 weeks), sabbatical (12 months 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.
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Skills Required