Manager, Financial Crime Compliance Controls - Africa and Middle East
The role supports the Regional Head of Financial Crime Compliance (FCC) Controls in defining, a transaction monitoring and screening framework appropriate to the country Anti-Money Laundering (AML) / Counter Terrorist Financing (CFT) risks. In addition he/she will be providing support in the implementation of FCC operational risk framework, FCC projects in country and responding to Customer Due Diligence (CDD) / AML inquiries internally and externally.
Key Roles and Responsibilities:
* Day to day management of Quality Assurance (QA) / Quality Control (QC) of FCC transaction surveillance (TS), customer match results (CMR), Customer Sanction Reviews (CSR), List Management (LM) activities, Credit Card monitoring, post Suspicious Activity Report (SAR) controls and Intel Exchange process.
* Manage QA/QC of alerts/cases/Suspicious Activity Reports (SARs) as part of TS in Detica
* Actively involved in system implementation, system maintenance, threshold review, liaising with country compliance and FCC team
* Performance and/or management of quality assurance on CMR and TS cases
* Manage QA/QC of Maintaining/managing country watch lists and list management processes
* Reviewer of production orders (supplied by Business Operations), warrants, subpoenas, analysing/escalating them (where appropriate) and applying names to the country watch lists when necessary.
* Assist Senior Manager, FCC Controls and Country Head of FCC in liaising with relevant law enforcement authorities and peer institutions in relation to Financial Crime Risk matters
* Providing assurance around the case management system (quality of data, input discipline, sufficient coverage of all FCC activity streams)
* Examining transactions across the region linking up pockets of suspicious activity or intelligence to provide a consolidated/coordinated view of the financial crime risk issue
* Providing investigative research support to advisory teams as a due diligence measure on highest risk customers
* Assisting Client Due Diligence advisors with Annual AML Country Risk Assessments
* Manage QA/QC of Coordination of regional/country (SAR) filing
* Collection/collation/analysis of regional financial crime risk metrics data, key interface with Central FCC, Chennai
* Help provide training on transaction surveillance and respond on a timely basis to queries from the stakeholders involved i.e. colleagues in Chennai and the Business;
* Review and understand (gaining expert knowledge in the process) of country laws and regulations of the Middle East countries that the Dubai hub will serve;
* Develop technical knowledge of systems to enable review of data mapping etc and work closely with country Business / Compliance teams and Chennai AML technology teams
* Ensure significant issues identified are reported and escalated in a timely manner
* Ensure regulatory requests relating to AML are promptly attended to
* Familiarise with the Bank's businesses, products, procedures, organisational structure and internal AML requirements
* Ensure that minimum productivity, Turnaround Time (TAT) and quality targets are achieved
* Act as a control owner of certain trackers and logs to ensure the input of data is accurate to mitigate the risk of downstream processes being negatively affected.
Knowledge Development and Information Management:
* Share high profile cases with Senior Manager, FCC Controls and Head of Intelligence to develop QA/QC results, typologies and other materials to improve controls.
Stakeholder Relations:
* Group Technology Operations (GTO)
* Operational Risk * The role holder is preferred to have prior experience in Transaction Surveillance and AML activities and processes.
* The role holder needs to possess the following -
* Experience of FCC (or departments related to combating Financial Crime and CDD related activities)
* Have a good knowledge of the Group, the Policies, Procedures and Standards relating to Financial Crime Risk, as well as knowledge of the local regulations and legislation on AML/CTF and sanctions
* Must possess ability to assess risk , excellent interpersonal skills and multi cultural awareness and sensitivity;
* Good knowledge of banking products and support structure, strong written and verbal communication skills; general operational knowledge;
* Minimum 5 years all round banking experience;
* Subject matter knowledge on Know your Customer (KYC), AML / CDD Certification;
* Knowledge of Core Banking systems & other transaction & customer related systems
* Expertise in the practice and theory of Predictive, Risk and Data Analytics
* Expertise in developing visualization Dashboards Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group\\'s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.
Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.
In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions. |