Vice President

Job Description

* About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.To us, good performance is about much more than turning a profit. Its about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.Were committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.ROLEName:Bank ID:Job Title: Vice President, Name ScreeningBusiness Unit: FCSUREPORTING RELATIONSHIPS Reports Directly to:Head Screening, All HubsPURPOSE:The role is to ensure that Group Laid Policies and Procedures as also applicable regulatory guidelines as advised by countries are followed at the Hubs without exception and a consistent standard of processing and investigating alerts is followed across centres for Name Screening.RESPONSIBILITIES:StrategyTo contribute to the development and implementation of an enhanced platform / capability for Name Screening through ECM ProjectTo lay down operations standards applicable across all hubbed markets & ensure standardisation of process across all GBS locations.To assist FCC team with inputs necessary for fine tuning of the List management process wherever applicableTo provide meaningful MI to enable monitoring of trends and outliers and suggest recommendations to reduce false positivesBusinessMaintain and recommend (for approval by the relevant Committee), appropriate processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements for Name ScreeningImplement/roll-out Group and FCC processes/DOIs.Ensuring potential / true hits are appropriately investigated.Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trendsProcessesTo ensure timely and diligent investigation and clearance of alerts as per defined SLA. Taking steps for ensuring consistent standards and approach followed for investigating and processing alerts across Hubs.Referrals wherever warranted to be raised timely and chased to logical closure.Pending items ageing to be advised to the countries at agreed frequency.Ensure adequate resourcing of staff commensurate with alert volume trends, capacity model and target alerts closure/staff based on sub-activity being performed.People and Talent Employ, engage and retain quality people to create a high performance team comprising of experienced staff with a good exposure to understanding client CDD and a thorough understanding of Sanction, PEP & Due Diligence related risks.Lead through example and build the appropriate culture and values in the team.Work in close collaboration with Group and country stakeholders as also tech partners.Ensure the provision of ongoing training and development for the team, that direct reports are suitably skilled and qualified for their roles in ensuring that they have effective supervision in place and create an environment which encourages staff to voice their constructive views.Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.Risk ManagementAct as the key risk control owner under the Group s risk management framework for Name Screening riskProactive in seeing regular assurance through KCI s & CST s that areas of responsibility are performing to an acceptable risk and control standard (supplemented by QCO Reports).Act quickly and decisively when any risk and control weakness becomes apparent and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees such as department risk forum meetings.Ensure systemic risks are addressed and appropriate MI in place for getting a health check of the unit and individual / team performance and overall trends.Being a focus area of Regulators and Auditors to ensure that department is always audit ready and risks if any are documented and mitigation in place pending elimination of the risks.Governance Provide oversight across the 3 GBS and assist the other Hubs / countries in ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements relating to sanction filtering.Ensure compliance with local banking laws (as advised to us by countries) and anti-money laundering regulations and guidelines within the processes being handled by the team.Embed the Group s values and code of conduct across the Name Screening Team in GBS to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of the culture.Key StakeholdersHeads of Country FCCRegional Sanctions TeamRegional Controls HeadOperational Risk teamsGroup FCC Product Management TeamRegulators (directly/indirectly) across jurisdictions for the country processes hubbed to GBSKNOWLEDGE AND SKILLS: Market Knowledge: awareness and understanding of the wider business, economic and market environment in which the firm operates with special focus on screening and AMLBusiness Strategy and Model: awareness and understanding of the firm s business strategy and model from a screening/AML remediation perspective focussing on the operational streams including new system implementationRisk Management and Control: the ability to identify, assess, monitor, control and mitigate risks to the firm from a screening perspective. Considering the increased regulatory focus and intrusion in this area to have robust, well-defined operational processes laid down and implemented consistently across Hubs.Financial Analysis and Control: the ability to manage budgets and suggest measures for improved risk mitigation and automation without compromising controls.Governance, Oversight and Controls: the ability to assess the effectiveness of the firm s arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areasReports Directly to: Head Screening, All HubsApply now to join the Bank for those with big career ambitions.,

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delivery iskmanagement costcontrol riskcontrol riskmanagementframework