Standard  Chartered  Bank

Specialist, CFCC Advisory - Financial Markets & Treasury Markets

Location
Singapore, Singapore
Salary
Competitive salary
Posted
01 May 2021
Closes
07 May 2021
Ref
2100000266
Approved employers
Approved employer
Job role
Treasury
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. It's 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.

We're 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 Responsibilities

Strategy

The FCC Specialist provides leadership in fighting financial crime in the Financial Markets ("FM") & Treasury Markets ("TM") Businesses by leading, establishing, overseeing, managing, and supporting the FCC program and all of the elements within SCB's Financial Crime Risk Type Framework (i.e. Governance, CDD/EDD, Policies & Procedures, Risk Assessments, Surveillance (monitoring & screening), MI & Reporting, People, Monitoring & Assurance, Investigations, Training & Awareness). The FCC Specialist also ensures that they work together with the broader global CFCC-FM Advisory Team to roll-out relevant initiatives and ensure a unified and integrated approach to relevant actions and strategy. Therefore, a basic understanding of all CFCC disciplines is highly encouraged.

The FCC Specialist also ensures that the business operates in accordance with all legal and regulatory requirements as well as Group standards relating to AML, Sanctions/CTF, ABC, and Fraud by providing pro-active advice / recommendations, oversight, and challenge of relevant FCC risks and controls affecting FM and TM. The FCC Specialist should also keep up to date with new methods of Financial Crime potentially affecting FM & TM, as well as with industry peers and developments to be most effective.

Business
  • Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
  • Effective oversight of FCC-related initiatives, and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.
  • Support the Head, CFCC Advisory - FM & TM, FCC Strategy & Risk Management to promote, lead and manage, throughout the Business, the culture and practice of FCC risk management within the letter and spirit of the relevant laws and regulations in the UK and core countries. This also includes local Laws and Regulations and all Group standards relating to AML, Sanctions/CTF, ABC, and Unauthorized Trading Fraud (aka "Rogue Trading").
  • Demonstrate leadership and oversight over FCC Risks, and ensure that AML/Countering the Financing of Terrorism (CFT)/Sanctions/ABC/Rogue Trading risks are proactively managed and executed within the Segments and Products in line with the Group's global financial crime compliance framework
  • Ensure effective communication and escalation within the Bank, and effective implementation of the FCC Program (not limited to policies and procedures) to ensure alignment with regulatory requirements and policies
  • Prepare and manage related FCC policies, standards, advice, guidance, and metrics / reports as required

Processes
  • Providing governance and oversight over the implementation of FCC-related policies and standards globally for FM and TM to ensure compliance with such policies and procedures.
  • Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions/ABC/Fraud.
  • Act as second line Risk Owner under the Group's Risk Management Framework for those aspects of Regulatory Compliance relating to AML/Sanctions/ABC/Fraud as delegated or assigned, and escalate issues as appropriate.

People and Talent
  • Ongoing development of expertise in FCC, and Financial Markets pertaining to SCB core countries, and an understanding of related SCB support infrastructure.

Risk Management
  • Understand technical aspects of systems relevant to CDD as the relate to FM & TM, Product Risk Assessments, Name & Transaction Screening, AML Monitoring, and Case Management as required.
  • Provide FCC advice on the application of risk management frameworks (e.g. ORTF, GRA).
  • Apply Group and FCC policies and processes (e.g. AML surveillance, client screening, risk assessments) to manage risks.
  • Make recommendations (and/or implement) to relevant stakeholders on 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.
  • Advise relevant stakeholders on outcomes of AML/Sanctions/ABC risks identification and assessment methodologies, and work with stakeholders to implement solutions and remediation plans.
  • Provide intelligence (to internal forums) on products, transactions, 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 where required.

Governance
  • Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
  • Design and maintain dashboards and metrics that allow FCC to dynamically monitor financial crime risk and operational performance for key FCC processes.
  • Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action.

Project/Change Management
  • Recommend, support, and drive improvement and enhancement FCC-related initiatives relevant to FM & TM.

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 Global FM & TM businesses 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.

Key Stakeholders
  • Group FCC teams
  • Group Heads of Products & Functions (e.g. FMO, MO, ITO)
  • Group Product COOs
  • Group Products CFCC Advisory- CCIB
  • Group Legal - Products
  • Regional / Country Legal, CFCC
  • Peers in other banks

Other Responsibilities
  • Embed #HereForGood and Group's brand and values in FM and TM
  • Perform other responsibilities assigned under Group, Business or Functional policies and standards.
  • Contribute to global network / infrastructure improvement initiatives to promote efficiency in establishing effective FCC controls for the FM and TM businesses whilst adhering to applicable regulatory requirements.
  • Support engagement with FM and TM Business Management to ensure that there is adequate business support for necessary FCC controls, including people, process, tools, frameworks and systems.


Our Ideal Candidate

The incumbent will ideally require a combination of FCC experience, specialized FM/TM-sub-product business expertise in one or more sub-products (i.e. FX, Fixed Income, Capital Markets, Commodities, Derivatives, Asset Liability Management), preferably with some background/experience on regulatory expectations and operational processes related to CDD. The goal is to have a diverse team within CFCC for FM & TM who have a unique combination of expertise and experience within FCC and FM/TM related products.

The incumbent will ideally possess the following specific experiences:
  • 10+ years of experience in an international banking environment
  • 5+ years of knowledge and experience of developing financial crime controls in an international banking environment, preferably combined with direct support of Financial Markets or other CIB business areas:
  • Demonstrated knowledge of Wholesale Banking and/or Financial Markets products and/or 5+ years of experience within Financial Markets products within a global bank.
  • People and process management skills, ability to foster positive relationships with internal and external stakeholders at appropriate level ensuring open collaborative environment.
  • Ability to deliver outcomes efficiently despite complexity and ambiguity
  • Demonstrated relationship building skills - both internal and external across multiple jurisdictions
  • High level of integrity and professionalism
  • Strong planning and organizational skills
  • Strong written and verbal communication skills
  • High attention to detail


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.

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