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

    Standard Chartered Bank
  • 10 - 12 Years
  • Malaysia - Kuala Lumpur - Menara Standard Chartered,Jln Sultan Ismail
Login to Apply Register and Apply
  • Save Job
  • Posted 5 days ago
  • Job Views: 1
  • Job Applicants: Less than 10

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 trendsKeep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCCProvides advice to the Trade business, which includes local Trade Operations and FCC, regarding financial crime risks and controlsReviews new Trade products and initiatives in the local market and recommends solutions to address any risksReviews existing Trade product CAs against the FCC Global Product Risk Assessment and recommend solutions to address any local risksProvides guidance in preparation for a Trade financial crime risk regulatory inspectionIs the subject matter expert in cases escalated by AML Advisors to Country FCC (level 3) for assessment and possible escalation to authoritiesBuilds relationships with relevant stakeholders in the business, in the L&C organisation, and in other risk functionsEndeavours to keep all relationships on a strong professional and collegial footingEndeavours to take a holistic approach to the management of risk – the financial crime risk issue may not be the most pressing risk issueProcessesProviding 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 proceduresProvide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions/ABC/Defence and Dual Use GoodsAct 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 appropriateIs 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-outReviews existing financial crime risk controls in Trade to determine their adequacyProposes new/revisions to existing controls to incorporate changes to industry best practice and regulatory expectationsWorks collaboratively with the business and Operational Risk in the B/LKCSA process for financial crime riskEnsures appropriate documentation of controls and control decisionsRisk ManagementUnderstand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case ManagementProvide advice on the application of risk management frameworks (eg ORF, GRA)Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risksMake recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigationsAssess risks arising from products / segments / geographies / customers / transactionsInform 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 ceasedAdvise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologiesProvide intelligence (to internal forums) on specific clients, client-types and emerging risk typologiesProvide 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 reviewsPerforms an annual risk assessment and develops and implements Compliance monitoring in conjunction with relevant stakeholdersPerforms quality assurance review of Trade Operations’ decisions in relation to potentially suspicious activityTrainingHelps maintain an effective financial crime risk training and awareness programme using different modes of delivery for TradeProvides ad-hoc additional training as and when appropriateSupports trainings and workshops in his or her country specifically tailored around TBMLAssists in developing new trainings and provides case material based on experience, when necessaryGovernanceCollate, analyse and interpret data in reports to senior management and relevant governance/risk committeesDesign and maintain dashboards and metrics that allow FCC to dynamically monitor financial crime risk and operational performance for key FCC processesAnalyse 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 functionPrepares reports for senior management in country and for Global or Regional FCC when requiredMonitors completion of mandatory training and tests financial crime risk awareness within TradeEnsures 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 ConductTake 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 ConductLead 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

QualificationsCandidate 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 RiskPossesses core technical knowledge of Trade related financial crime risk typologies and controlsCompliance 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 functionParticipates 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 enhancementsAbility to partner actively with the local and regional Compliance teamAnalytical skillsCore ability to analyse relevant financial crime laws and regulations and co-relate issues to Trade products and business modelsCore ability to identify and articulate financial crime risk issues, and to make clear decisions / recommendations in their regardCore problem solving and solution finding skillsAbility to carry out data mining and trend analysisCommunications and client management skillsCore presentation skills – one-to-one, small group, large groupCore teamwork skillsCore 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 situationDispute resolution skillsAbility to lead discussions around complex problems with relevant stakeholdersAbility to drive the financial crime risk agenda with senior business leadersApply now to join the Bank for those with big career ambitions

Profile Summary

Type:Company Job


Industry:Banking/Financial Services

Salary:Not Disclosed

Deadline:08th Dec 2019

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 http://www.standardchartered.com.

Register with us to boost your job winning chances

I agree to the terms and Conditions