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- Support the implementation of the FCSO strategy by escalating appropriate FCC and AML surveillance issues and executing activities in line with guidance documents, Group requirements and regulatory expectations.
- Day to day handling of casework and queue management for the Country... FCSO team.
- Maintain an awareness and understanding of the bank's business strategy and align the financial crime surveillance operations program.
- Perform a role as FCSO Investigator within the country Financial Crime Surveillance Operations team.
- Perform duties such as Transaction Monitoring, Global Name Screening, List Management, KCSA/CST checks, Media Monitoring, Alert/Risk Event Investigation, Production Order management and investigation.
- Support and guide relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
- Develop good working relationships with key stakeholders in the Business Segments.
- Develop a good working relationship with counterparts in GBS FCSO and attend any Service Delivery Meetings as required.
- Conduct BCP / DR testing as required.
- Ensure timely reporting and escalation of significant AML/CFT risk issues to Head FCSO in country and/or Country Head Financial Crime Compliance.
- Coordinate with the relevant operations units to ensure that the relevant lists and database used in screening, transaction monitoring and investigation are up to date and relevant.
- Ensure the suitability and quality of case data maintained on enterprise case management systems.
- Support all control checks undertaken by FCSO under the Operational Risk (ORF).
- Ensure quality assurance is in place on transaction monitoring and customer name screening.
- Daily management of the Watchlists, including but not limited to; timely additions to the relevant watchlist, and watchlist reconciliation when and as needed as directed by Head FCSO.
- Support Head FCSO with any complex investigations as required.
- Day to day management of legal orders / production orders including responding to law enforcement and conducting related investigations where appropriate (subjected to final decision from Group on the legal orders / production orders process).
- Day to day processing of Transaction Monitoring (TM) and Name Screening (NS) cases in line with AAA procedures and in a timely manner within agreed TAT's whilst maintaining Quality Control/Quality Assurance results in line with Group and local expectations.
- Ensure timely initiation of any follow up actions to effectively process alerts in TM and NS with clear narratives.
- Assist the Head FCSO to implement investigation and surveillance standards set by regulators and the Group FCC function (via processes defined by Group FCSO GPO's), and Country FCC.
- Reporting Internal SARs for cases escalated through FCSO screening or transaction monitoring processes to Country FCC / CMLCO.
- Promote a culture of openness, trust, and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
- Demonstrate exemplary integrity, ethics, and values.
- Develop skills with continuous learning in the Financial Crime Surveillance Operations environment.
- Conduct day to day management of Production Orders (subjected to final decision from Group on the legal order/ production order process), List Management ( WL addition), TM, TS & NS activity by developing and deploying sound analytical and investigative skills to produce balanced judgements in relation to financial crime risk including concise rationale and clear follow on action.
- Utilize existing data analytic tools, techniques, and systems to optimize the quality of casework and ensure efficiency to include systems such as iCDD, eOPS, Accuity, Mantas, ECM etc.
- Ensure the suitability and quality of case data maintained in various internal trackers including the RFI tracker, TM and NS case logs and relevant List Management logs.
- Monitor detection scenarios to ensure they are fit-for-purpose, providing feedback to Head FCSO where false positives or immediate emerging risks are identified.
- Identify and highlight any compliance gaps in existing controls or relevant systems.
- Apply Group and FCC policies and processes (TM, NS, AML surveillance, client screening, risk assessment) to manage risks.
- As directed by the Head FCSO, manage interaction / communication / meetings with stakeholders and other departments as and when needed in order to mitigate risks.
- Gathering and processing risk data related to FCSO processes to meet the Group's risk reporting requirements.
- Propose control improvements, enhancements, and simplifications where appropriate.
- Support all control checks undertaken by FCSO under the Operational Risk Framework (ORF).
- Collate, analyse, and interpret data in reports.
- Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and support in remediation actions within the FCSO function.
- Be accountable for identification and escalation of potential risks and issues to Head FCSO in country.
- Provide support to the country Head FCSO in engagement of Second Line of Defence for approval, guidance and challenge for FCSO processes.
- Display exemplary conduct and live by the .
- 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.
- ·Regional Head FCSO, ASIA and GBS FCSO
- ·Country Head of Financial Crime Compliance / CMLCO and FCC
- ·Country CFCC Advisory & Governance
- ·Country Business Operations and teams
- ·Group List Management Team / SPOT and PMM Teams
- Embed "Here for good" and the Group's brand and values in the team.
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
- Deliver advice, guidance and training to the various business teams across the bank as required.
- Provide back up support to FCSO team colleagues as required.
- A good educational background
- Previous work experience in a similar role within the banking industry
- Compliance Policies and Standards
Compliance Advisory
Compliance Review and FCC Assurance
Surveillance (including Screening and Monitoring)
Investigations
Compliance Risk Assessment
Regulatory Liaison
Manage Change
Manage Projects
Snr Specialist, FCSO Case Investigations - Kuala Lumpur, Malaysia - Standard Chartered Bank
Description
Role Responsibilities
Strategy
Business
Processes
People & Talent
Risk Management
Governance
Regulatory & Business Conduct
Key stakeholders
Other Responsibilities
Qualifications
Training, licenses, memberships and certifications
Our Ideal Candidate