Job Summary
Role Purpose
- The purpose of this role is to provide strategic and tactical management of FCSO Transaction Monitoring Non-Correspondent Banking (NCB) teams in GBS India.
- Support the Global Head, Transaction Monitoring discharge their key responsibilities around Process Ownership at Group-level for the Transaction Monitoring as set out in the ERMF, as it relates to:
- Identification and management of the processes and associated risks including activities which are carried out by other businesses or functions, or which are hubbed or outsourced;
- Implementing the RCSA to monitor the effectiveness of the controls and standards governing the end-to-end process;
- Being responsible to the Process Universe Owner, Risk Framework or Policy Owners, and implementing the control requirements applicable to the process;
- Escalating significant risks and issues to the Process Universe Owners, relevant RFO or Policy Owners
Key Responsibilities
- Managing the relevant Transaction Monitoring processes within approved Group risk appetite, and breach escalation, including:
- Implementation of process/control metrics to monitor the adherence to the group risk appetites,
- Prompt escalation of any risks or control weaknesses in the process as executed and prompt remediation. Development of appropriate treatment plans to mitigate risks or controls weakness identified.
- Review of key metrics and trends to identify issues with effectiveness and opportunities for efficiency in the Transaction Monitoring process.
- Provide input into design and enhancement of all Transaction Monitoring solutions. Training and development of resources to address all applicable risks
- Adequate capacity planning and resourcing to ensure relevant processes can be executed within established risk tolerances and Case Analysis Duration (CAD)
- Ensure that the relevant Transaction Monitoring team is appropriately resourced and has appropriate capability to effectively implement the process as required
- Ensure that the process implemented by the FCSO is operating as efficiently as possible, whilst ensuring quality is appropriately maintained
- Adherence of AA processes to all applicable Risk Type Frameworks (including FCC, Compliance, Operational.) set by the respective Group RFOs
- Engagement of Second Line of Defence for approval, guidance, and challenge
- Implementation of process and control change to satisfy local and extra-territorial regulatory obligations, as well as emerging risk threats
- Implementation of the Group policies/standards and Country Addendum (from 2LOD) and Group DOI/guidance and Country variation (from 1LOD) to mitigate the applicable risks and risk sub-types, in line with local country FCC regulations
- Assessment, Monitoring and Mitigation of FCC risks relating to Surveillance and Operations
- Data aggregation, risk reporting and data quality of group Management Information related to AA process
Skills And Experience
- Minimum 15 years of relevant work experience in the following areas:
- For Monitoring:
- AML and terrorist financing surveillance skills in relation the respective country jurisdiction, and client types.
- Analysis skills: able to analyze data trends and out of pattern activities, working knowledge of Internet and MS Office Suite & independently assimilate, analyse and evaluate information from disperse data sources to determine a course of action (e.g. case closure or escalation), and record and communicate this decision clearly and concisely.
- Banking: knowledge in terms of customers, products and transactions with expertise in at least one customer segment (retail, corporate, private banking, correspondent banking)
- Banking operations experience (Client Due Diligence, payments, trade, markets or other) and service oriented attitude.
- Excellent communication in English (articulation and writing).
Qualifications
- Training, licenses, memberships and certifications
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
- Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What We Offer
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 leave, parental/maternity (20 weeks), sabbatical (12 months 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.
