JOB SUMMARY
RESPONSIBILITIES
A Jersey-based role managing Jersey Transaction Monitoring and Manual Cases, within the FCC team. The role will cover cases impacting Jersey transaction monitoring. To support management in ensuring that Financial Crime Compliance in Jersey operates in accordance with all legal and regulatory requirements, and all Group standards relating to anti-money laundering and sanctions. The role holder will undertake investigations relating to financial crime activity
Strategy
- Support the vision, strategy, direction, and leadership of Country Head, Jersey FCC team; consistent with Country Head, CFCC’s vision and strategy for the CFCC function and in support of the Bank’s strategic direction and growth aspirations.
- To support the Bank’s Financial Crime Compliance function (FCC) in ensuring that the Bank operates in accordance with all legal and regulatory requirements and all Group standards relating to anti-money laundering and counter terrorism financing (AML).
- To manage and conduct investigations that detect and report suspicious activity to governmental authorities and enable the Bank to form sound judgments concerning reputational and other risks and meet expectations of regulators and other compliance stakeholders.
- To support the promotion of the business, culture and practice of FCC within the letter and spirit of the law and in accordance with Group standards.
- To drive pro-active and intelligence-led major and significant investigations providing true insight into FCC risk in Jersey.
Business
- 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.
- Build and maintain effective and constructive relationships with all key regulatory, business and functional stakeholders that is based on trust, capability and integrity.
- Providing timely, responsive and quality regulatory compliance advice and guidance to enable the business and functions to meet/ achieve their strategic and tactical objectives.
Processes
- Follow and comply with AML/CTF/CDD/Sanctions policies and procedures where applicable to BAU activities.
- Support in creating/recommending Fraud and ABC Policies/processes.
- Provide advice to relevant stakeholders on compliance with Group standards relating to AML.
- Wherever applicable ensure external SAR reports are properly prepared and filed with the applicable law enforcers as per local regulation requirements.
- Keep proper records and registers for all AML and CTF investigations.
- Respond promptly to any regulatory requests relating to AML and CTF.
- Follow and comply with AML/CTF/CDD/Sanctions policies and procedures where applicable to business as usual (BAU) activities.
- Ensure any investigative work which would fall under the scope of FCC Act is properly captured and oversees the relevant OR processes and controls
- Work with Country Compliance in respect of client CDD related issues and processes
People & Talent
- Promote and embed a culture of openness, trust and risk awareness, where ethical, legal and regulatory and policy compliant conduct is the norm.
- Stimulate an environment where forward planning, prioritization, deadline management and efficient, effective streamlined workflows are the norm.
- Collaborate with training teams to input into training curriculum to support closing of capability gaps
- Ensure participation on appropriate FCC awareness & training sessions.
- Champion and act as a role model of the Group’s values and culture in the region
- Create a culture of operational and service excellence in the Team
- Promote and embed a culture of openness, collaboration, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
Risk Management
- Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management
- Assist in the provision of advice on the application of risk management frameworks (e.g. ORF, ECM, Veritas, CupidX, T24, Datastore).
- Apply Local Regulations, Group and country 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.
- 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.
- Identify intelligence for typology studies and risk mitigation plans.
- Map risks, quantify the potential impact and escalate where necessary.
- Advise relevant stakeholders on outcomes of AML and CTF risks identification and assessment methodologies.
- Assisting in the provision of 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).
- Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
- Assist with liaising with the Country and Group FCC colleagues/project teams during system implementation and enhancement.
- Identify financial crime risk indicators through various internal/external sources that impact SCB and its clients.
- Provide investigative expertise to support management of Significant Regulatory/Legal cases.
- Assist with Internal/ External Audit and Country Operational Risk (for audit and reviews)
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.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
- JFSC and JFCU
- Country and Regional CFCC
- Regional FCC
- Group i3 and other Regional i3 Teams
- Client Onboarding Team
- Group Internal Audit
- Country Operational Risk
- Country Business/Frontline Team
- Country Business Operations
- Financial Crime Surveillance Operations Team
Other Responsibilities
- Conducting quality assurance and monitoring of Financial Crime processes, promptly escalating issues for resolution where required
- Supporting the implementation of Financial Crime Compliance internal projects and initiatives
- Supporting the delivery of FCC training as required
- To be willing to support mitigation of all ML, TF and predicate ML and TF risks
- To be willing to act as the DMLRO (Deputy Money laundering officer).
QUALIFICATIONS
TRAINING, LICENSES, MEMBERSHIPS AND CERTIFICATIONS
- Strong knowledge and experience of significant and complex financial crime investigations in a financial institution. Knowledge of local regulations, legislation regarding AML/CTF and sanctions.
- Excellent communicator and able to interact with stakeholders at all levels across the organisation. Able to document and summarise investigation reports to an exceptionally high standard.
- Good governance principles to ensure investigations are undertaken in line with procedures and bank standards
- Decisive with the ability, courage and determination to make decisions on financial crime risk
- Demonstrable record of the development of more junior staff.
- Good understanding of Priority and Private Banking is preferred.
- ICA/ACAMS or equivalent beneficial AML qualification
Role Specific Technical Competencies
- AML/CTF Policies and Standards
- Investigations
- Compliance Risk Assessment
- Compliance Advisory
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Together we:
- Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
- In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
- Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
- Flexible working options based around home and office locations, with flexible working patterns
- Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
- Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
- Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers