Director, Functions Advisory %26 FCC Risk

Director, Functions Advisory %26 FCC Risk

Standard Chartered
3-6 years
Not Specified

Job Description

About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities

The role of the FC Risk Specialist is to support the Country Head of FC in the execution of their accountabilities where scale/complexity of business &/or work volume indicate need for supplementary resourcing.

  • Provide support & input to Group/Region/Country/Client Business operating model design of relevant FCC and business processes.

  • Set and implement the vision, strategy, direction and leadership for the Country/Department, consistent with the vision and strategy for FCC and in support of the Group&rsquos strategic direction and growth aspirations.


  • 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 FC, providing timely, responsive and quality FC regulatory compliance guidance.

  • Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.

  • Ensure that risk frameworks and associated standards are effectively communicated and understood by process owners.


  • Working in close partnership with CFCC Business Advisory Teams:

    • Provide oversight over the implementation of FC-related policies and procedures in country to ensure compliance with such policies and procedures.

    • Provide advice (typically via CFCC Advisory) to relevant stakeholders on compliance with Group standards relating FCC risks

  • Oversee the assessment of all AML risks identified in Business and Function (including FC-owned) processes. Providing challenge where activities are outside risk tolerance/ appetite, escalating' as necessary until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance/ appetite.

    • Ensure that where risks are outside appetite the root cause is determined and addressed.

    • Act under delegated authority to make client specific risk decisions.

    • Act as the principal point of contact for Country CFCC Advisory and responsible to join up the FC-function so that effective outcomes are realized in first line processes requiring fewer touch points between FC and the first line.

    • Equip Country CFCC Advisory Heads & Country CFCC Governance Head with the necessary FC skills and knowledge, and escalation points within FC, to discharge their delegated authority for FC risks.

    • Engage with Country CFCC Advisory Heads & Country CFCC Governance Head to ensure that FC risks are effectively managed in the Businesses in line with the risk frameworks.

    • Provide specialist expertise to Country CFCC Advisory by drawing on resources under direct control and leveraging the wider FC function.

People and 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.

  • Provide input at business, function, country and individual level as appropriate, on compliance matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).

Risk Management

  • Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management

  • Provide advice (typically via CFCC Advisory) on the application of risk management frameworks (e.g. ORF, GRA).

  • Apply Group and FC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.

  • Make recommendations (and/or implement) to relevant stakeholders (typically via CFCC Advisory) 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.

  • Advise relevant stakeholders on outcomes of FC risks identification and assessment methodologies.

  • Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.


  • Attend relevant leadership meetings.

  • Support senior oversight of FC in country.

  • In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.

Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group&rsquos 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 the FCC Advisory Team to achieve the outcomes set out in the Bank&rsquos Conduct Principles.

  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

  • Business or Segment Heads and managers

  • Country Head, CFCC Business Advisory

  • CFCC Governance Advisory

  • Head of FCC Control Investigation

  • Group Internal Audit

  • Regulators and Law Enforcement Agencies (i.e. MJIB)

Other Responsibilities

  • Embed Here for good and Group&rsquos brand and values in CFCC/ FCC.

  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

  • One of following qualification requirements should be fulfilled:

  • Having at least 3-year experience as a compliance officer or AML/CFT officer.

  • Attending at least 24-hour training classes provided by an institution recognized by FSC and obtaining a certificate of completion after passing an exam. For a person who has Zeen qualified for a compliance officer, however, may be treated as meeting the qualification requirement provided in this subparagraph after attending 12-hour AML/CFT training classes.

  • Obtaining a domestic or international AML/CFT professional certificate issued by an institution recognized by FSC.

  • ACAMS certified is preferred.

  • More than 12 years prior experience working with regulators or complex financial institutions, or in professional capacities in connection with Conduct, Financial Crime, and Compliance core duties.

Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our . We welcome conversations on flexible working.

Job Details

Job Source :

Similar Jobs

Career Advice to Find Better