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Associate Director, Financial Crime Compliance

Closing: Sep 7, 2022

This position has expired

Published: Aug 24, 2022 (2 months ago)

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Job Summary

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JOB SUMMARY

The Associate Director i3 is responsible for leading and supporting global investigations and developing staff and processes that contribute to those investigations.


Responsibilities

JOB SUMMARY

The Associate Director i3 is responsible for leading and supporting global investigations and developing staff and processes that contribute to those investigations.


Strategy

  • Support implementation of the vision, strategy and direction for i3, consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.

Processes

  • Lead and support investigations as appropriate.
  • Develop and keep up to date appropriate policies/processes/DOIs to facilitate effective governance over i3 operations, across intelligence and investigations.
  • Ensure implementation of FCC policies and procedures as applicable to i3.
  • Manage and conduct investigations to identify, mitigate and report Bank exposure to Money Laundering and Terrorist Financing risk.

People & Talent 

  • Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
  • Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
  • Identify and articulate knowledge and capability gaps to input to training curriculum to support closing of those gaps.

Risk Management

  • 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.
  • Analyse significant financial crime risk events to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally as well as externally across all relevant jurisdictions.
  • Identify intelligence for typology studies and risk mitigation plans.
  • Identify financial crime risk indicators through various internal/external sources and the media; map and assess those risks, quantify the potential impact and escalate where necessary. Advise relevant stakeholders on outcomes of financial crime risks identification and assessment methodologies.
  • Support end-to-end financial crime client reviews initiated by external sources (regulators, agencies, authorities or other external organisation), and internal events as applicable.
  • Ensure remedial actions (e.g. regulatory reporting, client exits, additions to watchlists) are recommended.
  • Conduct a root cause analysis on the control/other failures to identify lessons learned.

Governance 

  • In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
  • Identify lessons learned from investigations as applicable.
  • Propose control improvements, enhancements and simplifications where appropriate.

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.
  • As part of the i3 team, 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.

Key stakeholders

  • Head, HRCU
  • Head, i3
  • Head Investigations, i3
  • Head HRCU C4
  • Head, FCC GPSCU

Other Responsibilities

  • ‘Here for good’ and Group's brand and values in i3 Europe and Americas.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures. 


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