Specialist, FCC Investigations
Standard Chartered Bank
Chennai, India, Asia
2d ago

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.

This in turn helps us to provide better support to our broad client base. The Role Responsibilities

Processes

  • Peform quality control process for transation monitoring and name screening alerts as stated in the DOI’s and by employing a risk based approach to address financial crime / money laundering risks
  • Assist in publishing quality control results and participate / lead discussions with the investigative teams to highlighted identified exceptions and thematic trends, if any
  • Adhere to expected deadlines as stated in the DOI’s and recommend appropriate process / DOI changes
  • Risk Management

  • Inform senior management 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.
  • QC outcome including supervisory checks to be performed / shared with OR testing team for performance of CST / KCI.
  • Governance

  • Propose process improvements, enhancements and simplifications where appropriate.
  • Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Control Outcome framework.
  • 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.
  • 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.

  • Lead the Surveillance Excellence 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
  • People and Talent

  • 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.
  • Key Stakeholders

  • FCC Case Investigation Team within the country.
  • Internal and External reviewers
  • Other Responsibilities

  • Embed Here for good and Group’s brand and values in FCC Controls,
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  • QUALIFICATIONS :

    4 to 5 years of relevant work experience in the following areas :

    For screening :

  • Sanctions and screening (PEP, adverse media and transaction) surveillance skills
  • Awareness of key global financial sanction regulations
  • Analysis skills : able to analyse 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.
  • Working knowledge of payment systems including SWIFT Messaging networks
  • Excellent communication in English (articulation and writing).
  • For Monitoring :

  • AML and terrorist financing Transaction Monitoring investigation / surveillance skills
  • Awareness of key Money laundering regulations, financial crime patterns and the ability to understand the money laundering risks involved in the products and services offered by the bank
  • Awareness of Transaction Monitoring systems (e.g. Actimize, Norkom. Mantas)
  • Analysis skills : able to analyse data trends and out of pattern activities, 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 with expertise in at least one customer segment (retail, corporate and institutional banking, private banking, correspondent banking, Trade)
  • Banking operations experience (Client Due Diligence, payments, trade, markets or other) and service-oriented attitude.
  • Excellent communication in English (articulation and writing).
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