Head, FCC Controls

Job Description

Input to Country Business operating model design of relevant FCC and business processes.Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary FCC controls.Set and implement the vision, strategy, direction and leadership for the Country, consistent with the vision and strategy for FCC and in support of the Group s strategic direction and growth aspirations.BusinessAnalyse comprehensive impact of financial crime related regulatory matters on the relevants business area and its operations.Ensure that key changes (to laws, rules, regulations) are communicated and cascaded in 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 FCC.Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.ProcessesDevelop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.Providing governance and oversight over the implementation of FCC-related policies and procedures in Country to ensure compliance with such policies and procedures.Act as Process Owner for FCC-owned (sub-) processes under the Group s Risk Management Framework, including implementation and roll-out of relevant processes and DOIs.Provide advice to relevant stakeholders on compliance with Group standards relating to [AML/Sanctions/ABC].People and TalentProvide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.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 and collaborative, inclusive yet effective and efficient work practices are the norm.Collaborate with training teams to input to training curriculum to support closing of capability gaps.Ensure Country is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.Ensure staff in Country have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.Risk ManagementMaintain oversight of risk mitigating action plans.Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.Ensure that detection scenarios that are developed and deployed are fit-for-purpose.Oversee the appointment of, and manage relationships with watchlist vendors as appropriate.Apply Group and FCC policies and processes (AML 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.Assess risks arising from products / segments / geographies / customers / transactions.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.Anticipate horizon risks in the area of financial crime that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.Analyse significant financial crime risk events (e.g. SAR s, non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally as well as externally across all relevant jurisdictions.Advise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologies.Manage the component risk models (Client, Country, Industry, Channels).Partner with legal counsels for advice on technical matters.Ensure that significant investigations are concluded internally and externally where relevant (including cross-border).Provide intelligence inputs to support calibration of bank s Risk Methodologies (including aggregate client risk, product risk and country risk assessments).Define the applicable control standards under the FCC Global Risk Assessment and ORF.GovernanceAttend relevant leadership meetings.Provide [or support] senior oversight of FCC 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, FCC assurance activities and specific investigations.Provide leadership to the FCC network as part of the Group senior FCC management team.Propose control improvements, enhancements and simplifications where appropriate.Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).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 FCC function.Controls development and implementationIs the local representative for FCC for the local roll outs of Control Program and provides all necessary support from an FCC perspective to ensure a successful roll-out.Reviews existing financial crime risk controls to determine their adequacy.Proposes new/revisions to existing controls to incorporate changes to industry best practice and regulatory expectations.Works collaboratively with the business and Operational Risk in the B/LKCSA process for financial crime risk.Ensures appropriate documentation of controls and control decisions.TrainingProvides ad-hoc additional training as and when appropriate.Assists in developing new trainings and provides case material based on experience, when necessary.Monitoring/reportingPerforms an annual risk assessment and develops and implements Compliance monitoring in conjunction with relevant stakeholders.Prepares reports for senior management in country and for Global or Regional FCC when required.Ensures timely escalation of incidents, control breaches to relevant stakeholders, assists in preparation of Suspicious Activity Reports (SAR s).PartnershipBuilds relationships with relevant stakeholders in the business, in the L&C organisation, and in other risk functions.Endeavours to keep all relationships on a strong professional and collegial footing.Endeavours to take a holistic approach to the management of risk the financial crime risk issue may not be the most pressing risk issue.Regulatory & Business conductDisplay 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.Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.Project/Change ManagementAct as accountable executive for key change programmes.Lead or influence significant programmes of work in support of the financial crime compliance objectives.Review new business requirements and provide solutions where required.Manage and protect business as usual (BAU) capability during change programmes, as well as during the execution and delivery of the Remediation initiatives through project phase and into BAU.Key StakeholdersLocal regulator: PBOCGroup and Regional FCC ControlFront Office, Local Product Managers, FCSO, branches and hubsOther ResponsibilitiesEmbed Here for good and Group s brand and values in China FCCPerform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.Our Ideal CandidateQualificationsBachelors or Masters degree with relevant experience and certificationsRole Specific CompetenciesCompliance skillsCore knowledge and experience in risk identification, risk assessment, controls development, training, monitoring and reporting.,

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