Analyse comprehensive impact of financial crime related regulatory matters on the relevant business area and its operations.
Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications.
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 Financial Crime Compliance
Key Roles and Responsibilities
Providing governance and oversight over the implementation of Financial Crime Compliance-related policies and procedures in Business to ensure compliance with such policies and procedures.
Provide advice to relevant stakeholders on compliance with Group standards relating to Anti Money Laundering, Sanctions and Anti Bribery Corruption.
Act as (second line) Risk Owner under the Group's Risk Management Framework for those aspects of Regulatory Compliance relating to Anti Money Laundering, Sanctions and Anti Bribery Corruption, and escalate issues as appropriate.
Maintain oversight of risk mitigating action plans.
Understand technical aspects of systems relevant to Client Due Diligence, Product Risk Assessment (PRA), Name and Transaction Screening, Anti Money Laundering Monitoring and Sanctions Case Management.
Provide advice on the application of risk management frameworks (e.g. ORF, PRA).
Apply Group and Financial Crime Compliance policies and processes (Anti Money Laundering surveillance, client screening, risk assessment) to manage risks.
Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
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 Anti Money Laundering, Sanctions and ABC risks identification and assessment methodologies.
Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
Support senior oversight of Financial Crime Compliance region/country/function.
Ensure tracking and remediation of surveillance and investigations related regulatory findings.
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.
Prepare and cascade lessons learned from audit findings, Financial Crime Compliance assurance activities and specific investigations.
Track significant issues arising from Financial Crime Compliance metrics, Financial Crime Compliance Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
Propose control improvements, enhancements and simplifications where appropriate.
Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the Financial Crime Compliance function.
Lead or influence significant programmes of work in support of the financial crime compliance objectives.
Review new business requirements and provide solutions where required.
Regulatory & Business conduct (The below is mandatory standard wording, do not remove)
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.
Lead the Business Banking Distribution business to 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.
COO, Retail Distribution
Head, Anti Money Laundering, Client Due Diligence, Process & Governance
Global Head, Compliance, Retail Banking
Head, Legal, Retail Banking
Embed Here for good and Group's brand and values in Retail Business Banking.
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.