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Specialist, FCC Controls

Standard Chartered Bank Dubai, United Arab Emirates
Posted 5 days ago Permanent Competitive
Specialist, FCC Controls
RESPONSIBILITIES
STRATEGY

  • Support the implementation of the FCC Strategy by escalating appropriate FCC and AML issues and executing activities in line with Guidance documents.

BUSINESS
  • Maintain thorough knowledge of bank products across all segments (i.e. retail, commercial, private, correspondent banking and trade).
  • Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
  • Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.
PROCESSES
  • Responsible for reporting SARs to the Regulators and providing all relevant documentation as per the agreed timelines (closure in ECM/escalation to regulators).
  • Processing and concluding cases allocated in a timely manner within agreed TATs whilst maintaining Quality Control/Quality Assurance results in line with Group and local expectations.
  • Timely initiation of follow up actions including heightened monitoring, CDD review and list additions.
  • Be involved in key change programmes and projects for Country CFCC.
  • Develop, keep up to date and recommend enhancement of appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
  • Contribute to the governance and oversight of FCC-related policies and procedures in Region to ensure compliance with such policies and procedures.
  • Provide advice to relevant stakeholders on compliance with Group standards relating to FCC.
  • Oversight of timely FCC Mandated Exit
  • Project Management of FCC Initiatives -e.g. GoAML
PEOPLE AND TALENT
  • Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
  • Ensure forward planning, prioritisation, deadline management, streamlined workflows and efficient work practices are the norm.
  • Individual accountability for Learning and Development Plans and execution.
RISK MANAGEMENT

  • Support the day-to-day management of FCC Investigations activity for the UAE by developing and deploying sound analytical skills to produce balanced judgements in relation to financial crime risk.
  • Utilize existing data analytic tools, techniques and systems to optimize the quality of casework and ensure efficiency to include systems such as iCDD, eOPS, Accuity, etc.
  • Ensure the suitability and quality of case data maintained on ECM and various internal trackers including the RFI tracker and SAR log.
  • Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, Trade, AML Monitoring and Case Management.
  • Identify and highlight any compliance gaps in existing controls or relevant systems.
  • Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
  • Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
  • Assess risks arising from products / segments / geographies / customers / transactions.
  • Provide intelligence inputs to support calibration of FCC's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
  • Execute technical aspects of AML Transaction Monitoring where it concerns local requirements for reviews of detection scenarios, threshold tuning and reviews of TMEER reports

GOVERNANCE

  • Propose control improvements, enhancements and simplifications where appropriate.
  • Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
  • Collate, analyse and interpret data in reports to senior management and relevant stakeholders
  • Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and support in remediation actions 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.
  • Support the UAE FCC team to achieve the outcomes set out in the Bank's 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.

  • Comply with all regulations promulgated by UAE Central Bank DFSA and ADGM.

KEY STAKEHOLDERS

  • Head, FCC, UAE, ADGM & DIFC,
  • Head, CFCC, UAE, ADGM & DIFC
  • Head, CFCC Governance UAE, ADGM & DIFC
  • Relevant Country/Group process owners for CFCC processes
  • Country and AME Regional CFCC Management Team
  • Country Business Segments/Product teams
  • Relevant Heads of Business and Functions, UAE, ADGM & DIFC
  • Regional Heads, FCC Centres of Excellence (e.g., Sanctions, ABC, Controls)
  • Other Risks and Control Functional Heads (Risk, Audit, etc)
  • Relevant UAE, ADGM, DIFC Regulators (Central Bank of UAE, SCA, DFSA, ADGM FSRA etc)

OTHER RESPONSIBILITIES
  • Embed "Here for good" and Group's brand and values in the CFCC UAE, ADGM & DIFC Team.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
QUALIFICATIONS
Training, licenses, memberships and certifications
Role Specific Technical Competencies
  • Manage Conduct
  • Manage Risk
  • Manage People
  • FCSO Policies and Standards
  • FCSO Advisory
  • FCSO Assurance
  • Surveillance (including Screening & Monitoring)
  • Investigations
  • FCSO 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.
Visit our careers website www.sc.com/careers
Job ID  2200027261
ABOUT COMPANY
London, United Kingdom
85000 Employees Corporate Banking
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 ...
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