Associate Manager - Trade AML Advisory

Job Description

• Review level 2 AML alerts in line with the Trade AML Procedure document and Red Flag document
• To escalate any positive alerts to country FCC for their review and decision
• To ensure implementation of Trade AML policies in line with the procedures in vogue
• To work with stakeholders (including Trade Product, Engineering, Group FCC, Group TB) to work on AML related issues.
• To continuously provide input to stakeholders on improving the overall AML process including system related.

Key Responsibilities

• Review pre and post transaction alerts from an AML perspective via Trade AML
• Ensure that appropriate systems, procedures and controls are in place in line with the existing policies and are operating efficiently for Trade
• Ensure timely submissions of monthly MIS with respect to Trade AML alerts and reports to country / FCC
• Ensure timely review and escalation of alerts via Trade AML System to country FCC/RFCIO
• Coordinating Trade AML rollout across all markets in line with the group implementation plan
• Coordinate IT initiatives/ issues with respect to Trade AML system in use by Operations/ AML Advisors
• Coordinate BCP / DR testing in addition to taking appropriate measure for managing a crisis situation
• Build skill and talent by undertaking local/international certifications relating to AML
• Initiate and drive operational excellence activities.
• Secure Acceptable audit ratings for the unit and ensure timely resolution of audit and AML risk related issues
• Ensure the team complies with the organization ILDP program
• Provide inputs to the training team on AML as required
• Conduct regular connects with the Operations team in Trade, to share cases and new learning, if any.
• Ensure low levels of attrition in the AML team.
• Conduct regular skip levels with the staff in the team to ensure employee morale is high
• To keep the team updated on important aspects of AML policies and procedures from time to time so that the entire team is up the speed with the current policies.

Risk Management

• Analyse significant financial crime risk events (e.g. non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions.
• Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.

Governance

• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).

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.
• Lead the FCSU 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.

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.

Project/change management

• Review new business requirements and provide solutions where required.

Key Stakeholders

• FCC / RFCIO
• Head of Trade Services and their management team

Key Measurables

• Timely reporting and escalation of significant AML related issues.
• Satisfactory regulator examinations and audits effective control and monitoring of suspicious transactions.
• Successful system implementation (minimal or no operational risk issues).
• Compliance with Trade AML Policies and Procedures.

Other Responsibilities

• Embed Here for good and Group s brand and values in FCSU,
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Interpretation of and consultations on AML related requirements
• System implementation and enhancement
• Audit and reviews

QUALIFICATIONS:

• Professional with a combination of Trade and AML knowledge
• Effective collaborative skills that contribute to positive working relationships with counterparts across various stakeholders
• Understanding of relevant Group, Trade AML policies and standards
• Strong written and verbal communication skills.
• An inquisitive approach to practices and procedures.
• Personal authority and integrity.
• Independence, resilience and good judgement

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Keyskills :
salesmanagementmiscustomer relationsqualitynew businesstrade servicesoperational riskcrime preventionsenior managementfinancial markets