Associate, Financial Crime Surveillance Operations
Standard Chartered Bank
Karachi, Pakistan, East
5d ago

Associate, Financial Crime Surveillance Operations-(2200018690)

Primary Location

Africa & Middle East-Pakistan-Karachi

Posting Date

01 / Aug / 2022, 9 : 51 : 36 AM

Unposting Date

15 / Aug / 2022, 6 : 59 : 00 PM Role Responsibilities

Processes

  • Assist FCSO Process Owner and CFCC Risk Owners with ORF implementation
  • Assist FCSO Process Owner in any future on-boarding of risks and in the ongoing review and refresh of gross risk assessments and their associated controls for which CFCC is responsible as PO.
  • Perform the 1st line testing for processes owned by FCSO. Prepare RRA for processes owned by FCSO and table in relevant country, Region and Group forums.
  • Where FCSO is the process owner, complete the required information to prove the control indicators including : Conducting Control sample testing (CSTs) and obtaining the data for key control indicators (KCIs).
  • Facilitate the tracking of Risk Acceptances and any requisite Root Cause Reports where FCSO is Process Owner to ensure the relevant parties are kept fully informed of any actions due.
  • Develop, keep up to date and recommend for approval risk papers pertaining to FCSO. Manage tabling of risk papers in relevant risk committees.
  • Governance

  • Propose control improvements, enhancements and simplifications where appropriate.
  • Support all control checks undertaken by FCSO under the Operational Risk Framework (ORF).
  • Collate, analyses and interpret data in reports.
  • Ensure identified issues are reported, tracked and remediated.
  • Perform self-assurance reviews for audit readiness and preparing for regulatory visits
  • Analyze 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 FCSO function.
  • Risk Management

  • Understand technical aspects of systems relevant to List Management, CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
  • Inform Line Manager / 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.
  • Map risks, quantify the potential impact and escalate where necessary.
  • Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
  • Ensure the suitability and quality of case data maintained on enterprise case management systems.
  • Partner with legal counsels for advice on technical matters.
  • 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.

  • Collaborate within the FCSO team 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 a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
  • Ensure forward planning, prioritization, deadline management, streamlined workflows and efficient work practices are the norm.
  • Individual accountability for Learning and Development Plans and execution.
  • Business

  • Support the implementation of the FCSO strategy by escalating appropriate FCC and AML surveillance issues and executing activities in line with guidance documents, Group requirements and regulatory expectations.
  • Maintain thorough knowledge of bank products across all segments (i.e. retail, commercial, private, correspondent banking and trade) and the ability to execute end-to-end investigations across all segments.
  • 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.
  • Other Responsibilities

  • Embed Here for good and the Group’s brand and values in the team.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  • Providing guidance and training to relevant value chain stakeholders (e.g. Country FCSO, New Joiners) when and as needed as directed by Country Head FCSO.
  • 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

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