Job Description

The Role Responsibilities

Responsible for the end-to-end design and optimisation of the Global Transaction Monitoring and Fraud organisation within Financial Crime Surveillance Operations. This will include working closely with technology and the business for items such as product management and monitoring, code mapping and logic, tuning and analytics as we evolve from a predominantly rule based program to more model based.

Strategy

• Evaluate and establish a new end-to-end process for Transaction Monitoring & Fraud Design covering: new scenario and model deployment, tunings/calibrations, optimisations, change requests, automations.
• Provide and ensure that volume forecasting is as accurate as possible.
• Awareness and understanding of the Group\xe2\x80\x99s strategy and model appropriate to the role.
• Work with Rule Mapping / Business Product / Segments and Regional/Country FCC teams to understand regulatory changes across the business product/segment or within the region/countries in relation to Transaction Monitoring requirements.
• Coordinate Transaction Monitoring & Fraud Design changes globally with the appropriate stakeholders to ensure industry best practice and work to close out any coverage gaps.

Business

• Ensure Transaction Monitoring & Fraud coverage is up-to-date, accurately reflecting the latest in regulatory requirements / expectations globally.
• Analyse the impact of any new or changing business activity and ensure any new or evolving risks are covered.
• Ensure that key changes to the program are communicated and cascaded (in region/country) to all impacted teams.
• Drive internal challenge conversations in analyzing impact of financial crime related regulatory matters, relevant to Product and Segment Advisory functions.
• Key stakeholder management by driving collaboration across functionally and geographically dispersed teams.

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 are collaborative, inclusive yet effective and efficient work practices are the norm.
• Ensure the provision of ongoing training and development of people, and ensure that relevant team members are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.

Risk Management

• Apply Group and FCC policies and processes (AML monitoring) to manage risks.
• Review red flag coverage / typology reviews based on relevant segments/products and validate appropriate monitoring coverage which is fit-for-purpose and compliant with regulatory requirements and expectations.
• Ensure the monitoring program has all the relevant controls in place to detect data feed drops, scenario issues etc.
• Build out a dynamic tuning capability and embed predictive capabilities.
• Focus on improving the overall effectiveness of the program with increased risk detection whilst reducing noise.
• Forward thinking approach looking at ways to enhance the monitoring to be holistic in nature and look at risk clusters rather than purely rule based.
• Assist with projects to automate process wherever possible.

Governance

• Attend relevant business / segment / product related working group meetings.
• Ensure tracking and timely remediation of surveillance and investigations related regulatory findings.
• Ensure Product and Segment regulatory related matters impacting monitoring are raised and tracked in the relevant CFCC and Governance Committees.
• Support tabling of major Transaction Monitoring & Fraud regulatory matters impacting Product or Segment areas to relevant risk forums, where required.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group\xe2\x80\x99s 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 Product / Segment / Regional teams to achieve the outcomes set out in the Bank\xe2\x80\x99s 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

• Relevant Business teams
• Business and segment CFCC
• 2nd Line AML Risk Owners
• FCSO counterparts

Other Responsibilities

• Embed Here for good and Group\xe2\x80\x99s brand and values in team
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• 10+ years of experience in Financial Monitory market
• Experience of establishing/changing and leading Transaction Monitoring Design Teams previously
• Should have strategic mindset with ability to drive change through a program
• Strong stakeholder management and collaborative skills
• Certifications: ACAMS or equivalent would be an advantage
• Excellent verbal, presentation and written communication skills

Role Specific Technical Competencies

• Transaction Monitoring Design
• Risk Management
• Surveillance (Specifically Monitoring)
• Investigations
• Regulatory Liaison

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.

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