Assoc Dir. CFCC FCSO Coverage

Role Responsibilities

Job Summary

This role is a techno-functional expert within a Center of Excellence (COE) team assisting the Head, Conduct & Financial Crimes Compliance (CFCC) Financial Crimes Surveillance and Operations (FCSO) Coverage team in (i) oversight and challenge of Process Owners (primary FCSO stakeholders), and support RFO (Risk Framework Owner) delegate under the Operational Risk Type Framework (ORTF) and Risk & Controls Self-Assessment (RCSA) oversight activities; (ii) subject matter expertise (SME) input into the risk and control effectiveness for CFCC Risk Sub Types (AML, Sanctions) and the surveillance tools used to manage these (iii) providing day to day support to the AML and Sanctions Policy Owners on the effectiveness of the high-level design, management and implementation of AML and sanctions surveillance tools in the FCSO and FCC owned process universe in mitigating threats and risks, and adherence to relevant Policies and Standards). 

By extension, this work will also serve to support Country FCC heads, in that they can rely on Group’s oversight on the FCC-related activities.

This will involve periodic, targeted and scenario-based reviews and on-going validation of applicable control frameworks and execution of activities to identify areas of opportunity to enhance effectiveness. Validation activities comprise (but is not limited to) reviews of FCSO/FCC Owned Processes (1LoD) control reporting outcomes andassessments conducted by 1LOD. Additionally, the work will entail supporting and advising country FCC teams as part of ongoing services provided by FCSO and facilitating Group oversight over Country FCC effectiveness and productivity.

Responsibilities

Strategy

Responsible to work with other members of the CFCC FCSO Coverage, AML Review, and AML MRO (Models and Rules Oversight), and wider CFCC community to identify AML and sanctions surveillance risksassociated with FCSO and FCC-owned processes, and implementation of CFCC Policy & Standards  Responsible for the support of pre-implementation check-and-challenge to be conducted by the CFCC FCSO Coverage team, to provide oversight over the delivery by 1LOD of systems, methodologies, and processes to meet CFCC policies and standards Responsible for support of the execution of reviews across countries on a periodic/scheduled basis, preparation of reports and presentations as to findings, observations, and recommendations for senior management and stakeholders. Conducting regular and ad hoc data analyses across AML and sanctions surveillance systems and databases for the purposes of assessing ongoing effectiveness of the tools, across different dimensions (, by country, by segment, etc.)

Processes

Assist CFCC AML RFO to ensure that FCSO surveillance and investigative work receives 2LOD oversight and is subject to periodic validation Assist CFCC AML RFO / regional FCC teams in ensuring there is proper country FCC SME support and oversight over 1LOD activities

People & Talent

Utilize techno-functional skillset to execute appropriate validations and ensure findings are understandable to both technical and non-technical audiences, in Group and country Utilize techno-functional skillset to ensure the surveillance reporting is feasible, soundly designed, and understandable Responsible for setting an example to other junior members of the CFCC FCSO Coverage COE team Support FCSO on other Compliance Risk Sub-types (CRST) management

Risk Management

Focus on AML and Sanctions risk mitigation activity undertaken by FCSO at Group and country levels Identify areas for enhancement of AML framework through validation activities Engage with relevant stakeholders and recommend / discuss possible risk responses Summarize findings and suggest recommendations to strengthen the AML framework in the countries Partner with Country Risk Owners, MRO, and AML Review teams on the results of the work In collaboration with other specialist members of the CFCC FCSO Coverage, review and challenge control design proposed by 1LoD in FCSO and FCC managed processes in 2LoD (systems, processes and outputs) and results; Provide backup support for RFO delegate for AML and Sanctions in all RCSA related responsibilities including review and challenge of Inherent Risk, Control design, Residual risk, Treatment Plan for Elevated Residual Risks for FCSO and FCC Owned processes in 2LoD (systems, processes and outputs); Pro-actively analyses impact of financial crime related regulatory matters in FCSO processes and FCC Owned processes; Assisting Regional/Country FCC to review methodology/approaches and ongoing data-driven assessment of changes to the FCSO-managed Screening and Monitoring systems/Advanced Modules- the review and assessment requires detailed understand of these systems/modules and a FCC Practitioners insight to review/approve the changes being proposed by FCSO; Analyze data inputs from process owners, quality control, HRCU, country / region teams, specific investigations reports/findings and analytics to assess risk over the end-to-end function. Support the RAA team to ensure the effective assessment of global FCC controls as part of the FCC EWRA (GRA), and propose / modify control effectiveness ratings of key FC processes Perform 2LoD monitoring not supported by Assurance; Perform horizon scanning, emerging threats and detection scenario effectiveness; Oversee and review MI and the maintenance of surveillance systems performed by 1LOD; Analyse audit findings, FCC assurance and specific investigations reports and factor in validations of FCSO processes and FCC managed processes in 2LoD; Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.

Governance

Attend relevant CFCC-focused FCSO forums Demonstrate awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role Deliver 'effective governance' and challenge fellow executives effectively

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 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.

Key stakeholders

FCSO/FCC Owned Process Owner teams Sanctions Policy & Standards teams AML Policy & Standards teams CFCC Framework & Policy teams Regional/ Country FCC teams 1LOD Data Providers

Other Responsibilities

Embed Here for good and Group’s brand and values in XXXX [country / business unit / team]; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);

Our Ideal Candidate

Candidates with ACAMS or equivalent membership/certifications will be viewed favorably Candidates with name/transaction screening techno-functional backgrounds will receive heightened consideration.

Role Specific Competencies

CFCC Screening and Txn Monitoring Systems and Process Validation Compliance Policies and Standards Compliance Advisory Compliance Review and FCC Assurance Surveillance (including Screening and Monitoring) Investigations Compliance Risk Assessment Machine Learning Techniques (such as: classification, clustering, deep learning, decision trees and supervised & unsupervised techniques) Proven ability to apply, debug, and develop machine learning models Data Analytics & Visualization tools Analytical and problem-solving skills

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