Director, Financial Crime Risk Specialist, Cfcc

Singapore, Singapore

Job Description


The Role Responsibilities
The role of the FC Risk Specialist is to support the Country Head of FCC in the execution of their accountabilities. Other than surveillance (second line of defence - ACT), the Country Head of FCC is expected to play a largely oversight and consultation role with leverage to be placed on CFCC Advisory and CFCC Governance from a second line perspective.
The successful candidate is expected to:

  • Effect ongoing engagement and alignment among the second line to support functioning of the CFCC Target Operating Model. In addition to BAU interaction, the successful candidate drives a monthly meeting among the second lines. To discharge this responsibility well, the successful candidate has got to be a subject matter expert in MAS 626 particularly from an advisory perspective.
  • Provide adequate cover for the many initiatives and engagements that the Head FCC has to attend to. These include representations in external forums such as the various AML / CFT Industry Partnership (\'ACIP\') working groups and internal forums such as the Financial Crime Risk Committee (\'FCRC\'), Executive Risk Committee (\'ERC\') and Board Risk Committee (\'BRC\').
  • Support the Head FCC to influence the adoption of necessary enhancements and measures following outcomes of the various initiatives and engagements as stated above. Given the Target Operating Model (\'TOM\') of Conduct, Financial Crime and Compliance (\'CFCC\'), the successful candidate has to skilfully engage and probe the adoption by the first line where appropriate and primarily influence via fellow second line colleagues.
  • Act as the key FCC advisory subject matter expert coordinator (in conjunction with the CFCC Business Advisory teams) to maintain oversight and conduct regulatory gap analysis of local MAS AML/CFT changes against Group requirements, and ongoing maintenance of related Policies and Standards. And as required, undertake thematic end to end desk top thematic reviews with CFCC Business Advisory teams for various business segments at the direction of Head FCC. In addition to knowing the relevant regulatory expectation and guidelines and internal framework, the successful candidate is expected to engage primarily internal subject matter expert stakeholder.
  • Proactively engage fellow second line colleagues particularly on the adoption of new business strategies and like initiatives from a financial crime risk perspective. This requires the candidate to be interested in market trend and developments.
  • Be the designated Anti-Bribery & Corruption ("ABC") Country lead to support FCC Country Head to manage ongoing queries various business and functional units, perform annual exercises like the Enterprise wide risk assessment and Intermediaries attestation for ABC risk as well as partake/lead thematic ABC projects and reviews in conjunction with regional ABC team.
  • Act as one of the delegated regulatory liaison contacts with Regulator and/or related Authorities on FCC-related matters.
  • Maintain oversight over Rubik ASEAN Cluster FCC matters alongside the key designated team staff.
Strategy
  • Provide support & input to Group/Region/Country/Client Business operating model design of relevant FCC and business processes.
  • Contribute to setting and implementing the vision, strategy, direction and leadership for the Country/Department, consistent with the vision and strategy for FCC and in support of the Group\'s strategic direction and growth aspirations.
Business
  • 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. providing timely, responsive and quality FCC regulatory compliance guidance.
  • Ensure that risk frameworks and associated standards are effectively communicated and understood by process owners.
Processes
\xc2\xb7 Working in close partnership with CFCC Governance, Business Advisory, FCC Case Investigation and Control Operations and other stakeholder teams:
  • Provide oversight over the determination of FCC-related policies and procedures
  • Provide advice (and including via CFCC Business Advisory) to relevant stakeholders on compliance with Group standards and Singapore requirements relating to FCC risks
  • Coordinate on governance related matters, in conjunction with CFCC Governance, including but limited to FCC Enterprise Wide Risk assessment, internal forum matters.
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.
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 SG 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.
  • 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.
Governance
  • 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\'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.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
Engage and partner with various stakeholder groups, including but not limited to the following:
  • Regulators
  • Financial Intelligence Unit and Law Enforcement Agencies
  • CFCC
  • Audit
  • Legal
  • Regional and Group FCC
  • Business Units
  • Fraud Risk Management
  • FCSO and FCC ACT Investigations
  • Country and Group Technology
  • Country Senior Management of relevant Committees
  • Peers in other banks / industry
Other Responsibilities
  • Embed Here for good and Group\'s brand and values in Singapore FCC; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
  • 10+ Years in Compliance Policies and Standards - specifically, awareness of Singapore\'s AML regulatory framework and regime, including MAS 626 and Notice TCA-N03
  • Manage Risk - specifically, the person is to cover Head of Singapore Financial Crime Compliance in the latter\'s absence and hence, must have strong and proven risk management experience / exposure.
  • Customer focus - the candidate has to liaise with many stakeholders including seniors such as the Country Management Team.
  • Regulatory engagement with local regulators.
  • Good judgment enabling the provision of sound advice in difficult areas of regulation and practice and the proactive management of compliance and regulatory risk.
  • Must possess excellent interpersonal skills and multi-cultural awareness and sensitivity.
  • Sound judgement on business practices, regulatory relationship management and reputational risk.
  • Personal authority and integrity with proven ability to establish relationships and exert influence at the most senior levels of the Country and with regulators and other external stakeholders.
  • Be able to operate independently and demonstrate robustness in ethics and resilience
Role Specific Technical Competencies
  • Compliance Policies and Standards
  • Compliance Advisory
  • Compliance Review and FCC Assurance
  • Surveillance (including Screening and Monitoring)
  • Investigations
  • Compliance Risk Assessment
  • Regulatory Liaison
  • Manage Change
  • Manage Projects
  • Manage Conduct
  • Manage People
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 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 www.sc.com/careers

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Job Detail

  • Job Id
    JD1381413
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Singapore, Singapore
  • Education
    Not mentioned