Manager, PEP and Sensitive Client Unit

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.The Role ResponsibilitiesStrategy

• Identify, assess and mitigate Financial Crime Risk as part of the High Risk Client Unit.
• This is a Group PEP and Sensitive Client (GPSCU) role in India. It includes GPSCU PEP casework and the support of wider High Risk Client Unit core initiatives.

Business

• This is a challenging role within Standard Chartered Bank s Group PEP and Sensitive Client Unit (PSCU). As part of the Group Financial Crime Compliance team, and High Risk Client Unit, the PSCU has a dual remit. Firstly, the team sets the Bank s policy on relationships with Politically Exposed Persons (PEPs), oversees the Bank s global PEP population, and provides advice to the business on the PEP status of clients. Secondly, the team works with the wider FCC network and the front line of the business to identify those clients that pose the highest risk to the Bank ( Sensitive Clients ), ensure the risk is thoroughly assessed and understood, and develop, deploy and monitor the execution of targeted control frameworks for each one. The team is split between London and Singapore, and Poland. We are seeking a case manager to play a hands-on role in identifying and overseeing the proactive management of PEPs, to support Sensitive Client casework, and contribute to wider-high risk client unit investigations and analysis when priorities require it necessary.

Processes

• Undertake PEP decision making in support of all business segments for Existing to Bank and New to Bank clients.
• Conduct holistic risk assessment of PEPs and PEP-linked clients for Sensitive Client status.
• Provide feedback and lessons learned to inform ongoing development and refining of policy standards and control options;
• Work with the Financial Crime Compliance teams in the countries, regions and client segments with a view to ensuring consistency of approach and spreading best practice across the network;
• Work to identify thematic areas requiring additional guidance or training in the network. Act promptly on any issues that may arise, by escalating to the UK or SG PSCU team members;

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.
• 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.

Risk Management

• Provide advice to the front line on the classification and risk assessment of PEPs. This includes playing a central role assessing and evaluating clients escalated from country and regional teams, and making decisions on whether the client should be assigned PEP status;
• Evaluate the specific financial crime risks associated with high risk clients. This will include providing direction on any extra due diligence, account reviews or transaction analysis that may need to be undertaken to enable a deeper understanding;
• Propose control frameworks for each client that is designated as Sensitive , which includes tailoring control options to the particular risks identified, ensuring that these are applied, and monitoring the client s activity on an ongoing basis to ensure that the financial crime risk remains within tolerance.
• Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to PEPs and Sensitive Clients;
• Inform senior management 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.

Governance

• Ensure timely reporting and escalation of significant issues to management.
• Establish and develop effective working relationships within the unit.
• Propose control improvements, enhancements and simplifications where appropriate

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.
• Support the team to achieve the outcomes set out in the Bank s Conduct Principles.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Head PSCU, Head i3 India, Head of Intelligence Group i3, Head Investigations Group i3, Head i3 ART Poland

Other Responsibilities

• Embed Here for good and Group s brand and values in GPSCU and HRCU.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Leadership and Management

• Support efforts to position the HRCU as an industry leader in the eyes of regulators and industry stakeholders.
• Establishes strong working relationship with key stakeholders across the bank.

Key Measurables

• Positive feedback from the businesses, functions, regions, FCC network, senior management, regulators and external parties.
• Timely reporting and escalation of significant issues.
• Cross team collaboration and leadership skills effective supervision of the unit.
• Compliance with Anti Money Laundering Policies and Procedures.

Our Ideal Candidate

• Any degree from a reputed university
• Any AML certification like CAMS / ICA (preferable)
• Minimum four or five years of relevant experience

Apply now to join the Bank for those with big career ambitions. To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.,

Keyskills :
risk assessmentleadership skillsdue diligencetransaction analysissenior managementanti money launderingteam collaborationforward planningpersonal responsibilityposition management