Manager, Financial Crime Risk Compliance - Jobs in Malaysia - 958179

Standard Chartered Bank
Job Summary
  • Experience 10-12 Years
  • Telecommuting

Job Description

StrategyExecutes against the Group and Regional FCC Strategies affecting Trade Finance for ASA regionBusinessSupport 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.Provides advice to the Trade business, which includes local Trade Operations and FCC, regarding financial crime risks and controls.Reviews new Trade products and initiatives in the local market and recommends solutions to address any risks.Reviews existing Trade product CAs against the FCC Global Product Risk Assessment and recommend solutions to address any local risks.Provides guidance in preparation for a Trade financial crime risk regulatory inspection.Is the subject matter expert in cases escalated by AML Advisors to Country FCC (level 3) for assessment and possible escalation to authorities.Builds relationships with relevant stakeholders in the business, in the L&C organisation, and in other risk functions.Endeavours to keep all relationships on a strong professional and collegial footing.Endeavours to take a holistic approach to the management of risk – the financial crime risk issue may not be the most pressing risk issue.ProcessesProviding governance and oversight over the implementation of FCC-related policies and procedures in affecting ASA and the businesses and countries in ASA region to ensure compliance with such policies and procedures.Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions/ABC/Defence and Dual Use Goods.Act as (second line) Risk Control Owner under the Group’s Risk Management Framework for those aspects of Regulatory Compliance relating to AML/Sanctions/ABC/Defence and Dual Use Goods, and escalate issues as appropriate.Is the regional / local representative for FCC for the local roll outs of the Trade FCC Program and provides all necessary support from an FCC perspective to ensure a successful roll-out.Reviews existing financial crime risk controls in Trade to determine their adequacy.Proposes new/revisions to existing controls to incorporate changes to industry best practice and regulatory expectations.Works collaboratively with the business and Operational Risk in the B/LKCSA process for financial crime risk.Ensures appropriate documentation of controls and control decisions.Risk ManagementUnderstand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.Provide advice on the application of risk management frameworks (e.g. ORF, GRA).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.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.Advise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologies.Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.Provide intelligence inputs to support calibration of bank’s Risk Methodologies (including aggregate client risk, product risk and country risk assessments).Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.Performs an annual risk assessment and develops and implements Compliance monitoring in conjunction with relevant stakeholders.Performs quality assurance review of Trade Operations’ decisions in relation to potentially suspicious activity.TrainingHelps maintain an effective financial crime risk training and awareness programme using different modes of delivery for Trade.Provides ad-hoc additional training as and when appropriate.Supports trainings and workshops in his or her country specifically tailored around TBML.Assists in developing new trainings and provides case material based on experience, when necessary.GovernanceCollate, analyse and interpret data in reports to senior management and relevant governance/risk committees.Design and maintain dashboards and metrics that allow FCC to dynamically monitor financial crime risk and operational performance for key FCC processes.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.Prepares reports for senior management in country and for Global or Regional FCC when required.Monitors completion of mandatory training and tests financial crime risk awareness within Trade.Ensures timely escalation of incidents, control breaches to relevant stakeholders, assists in preparation of Suspicious Activity Reports (SAR’s).Project/Change ManagementExecutes projects as required or determined by the Head of Trade Finance, FCC – CIB BARM-ASA.
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 Trade FCC Programme for ASA Region to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Operation of Trade Finance; Financial Crime Compliance; The Right Environment*Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Other Responsibilities
Embed Here for good and Group’s brand and values in daily work and activitiesPerform other responsibilities assigned under Group, Country, Business or Functional policies and procedures as required.
Our Ideal Candidate

Qualifications:Candidate must possess at least a Bachelor's Degree or Professional Degree, Finance/Accountancy/Banking or equivalent.

Technical Knowledge
Possesses core technical knowledge of the Trade business with a sound practical background in any of the Trade areas of Front Office, Product Management, Operations or Risk.Possesses core technical knowledge of Trade related financial crime risk typologies and controls.Compliance skillsCore knowledge and experience in risk identification, risk assessment, controls development, training, monitoring and reporting.
Leadership skills
Ability to engage and partner with business and risk function management at a local level, both to deliver value added service and to represent the Compliance function.Participates in any (Trade) AML working Group and other committees as so required by the Country Head of FCC – identifying risk focus areas, key regulatory change, and resource needs and control enhancements.Ability to partner actively with the local and regional Compliance team.Analytical skillsCore ability to analyse relevant financial crime laws and regulations and co-relate issues to Trade products and business models.Core ability to identify and articulate financial crime risk issues, and to make clear decisions / recommendations in their regard.Core problem solving and solution finding skills.Ability to carry out data mining and trend analysis.Communications and client management skillsCore presentation skills – one-to-one, small group, large group.Core teamwork skills.Core ability to ensure that relevant stakeholders receive relevant and timely information on developments in financial crime risk or in the business, with the priority on ensuring “no surprises”.Core ability to use communications channels appropriate to the situation.Dispute resolution skills.Ability to lead discussions around complex problems with relevant stakeholders.Ability to drive the financial crime risk agenda with senior business leaders.Apply now to join the Bank for those with big career ambitions.

Profile Summary

Type : Company job

Role : Manager

Industry : Banking/Financial Services

Salary : Not Disclosed

Deadline: 2019-12-08

Company Profile

Standard Chartered PLC is a leading international bank, listed on the London, Hong Kong and Mumbai stock exchanges. It has operated for over 150 years in some of the world's most dynamic markets and earns more than 90 per cent of its income and profits in Asia, Africa and the Middle East. This geographic focus and commitment to developing deep relationships with clients and customers has driven the Bank’s growth in recent years. With offices in 71 markets, Standard Chartered offers exciting and challenging international career opportunities for around 87,000 staff. It is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. The Bank’s heritage and values are expressed in its brand promise, Here for good. For more information on Standard Chartered, please visit
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