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Spl'st Sanctions Compliance    

  • Negotiable
  • Standard Chartered Bank
  • Compliance/Legal | Compliance Regulatory
  • Dubai
  • United Arab Emirates
  • 07/03/2017
This role will support sanctions compliance operations, including; (cash and trade) transaction review and escalation within transactional systems. It will support to the FCC Sanctions team in terms of processes and procedure development, and proactive address of business risks resulting from sanctions transactions trends, metrics collection and transactional investigations.

Key Roles and Responsibilities

Business (Responsibilities related to the delivery of business and / or financial objectives)
  • Support line management in ensuring that key changes (to laws, rules, regulations) are communicated and cascaded (in region/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.
  • Be updated on current events, regulatory issues and new and changing Sanctions regulations, in country, in the UK and the US, and internationally
  • Provide Sanctions Compliance advice and guidance to businesses and functions in a timely, effective and constructive manner on client relationships, transactions, products and all other issues escalated to the Regional FCC Sanctions

Processes (Processes for which the role is responsible under the ORF as 1st & 2nd line; for executing / completing, and for supervising)
  • Ensure Sanctions Investigations and Operations team operates in compliance with the relevant Sanctions Policies, Procedures and Departmental Operating Instructions for cash and trade screening alert investigation activities
  • Support the business/functions/group/regions/countries with transactional queries ensuring timely and constructive responses
  • Ensure process controls are commensurate to the risk and effectively working for Sanctions Investigations and Operations team in compliance with the procedures and regulatory timescales
  • Awareness of processes around rejected transactions (coordination with Client Sanctions Review process) including reporting of breaches, Potential Circumvention Attempts, addition to and maintenance of internal lists and capturing of trends
  • Support projects and inititives (as nominated) involving transaction screening ensuring risks are adequately highlighted and mitigated appropriately thereby enabling smooth implementation

People and Talent (Responsibilities related to people and talent matters)
  • Identify training needs of Sanctions Investigations and Operations team and communicate to line management
  • Support Sanctions/ training programs to meet the training needs of FCC.
  • Support Sanctions/ training programs to meet the training needs of the business

Risk Management (Responsibilities Under Risk Management Framework - both execution and supervisory)
  • Understand technical aspects of systems relevant to Transaction and Name Screening, Case Management, AML Monitoring, CDD and Client Risk Assessments
  • Support the establishment and maintainence of watch lists used for customer and transaction screening and various other due diligence and investigative purposes (local/regional internal and external).
  • Apply Group and FCC policies and processes 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 geographies / customers / transactions.
  • Identify financial crime risk indicators through various internal/external sources that impact SCB and its clients.
  • Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
  • Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
  • Escalate immediately to Regional Head of Sanctions material breaches or potential breaches of sanctions laws, regulation or Group procedures

Governance
  • Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
  • Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
  • 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.
  • Establish and maintain reporting of key transactional related metrics to Financial Crime Compliance Sanctions leadership on a regular basis
  • Participate in the development and maintainence of effective governance and oversight of the Financial Crime Survelillance Unit (FCSU) teams and embed a continuous engagement model

Regulatory & Business conduct (The below is mandatory standard wording, do not remove)
  • 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 AME Sanctions Investigations and Operations team 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
  • Support the establishment and development of effective working relationships with business/functions in the effort of partnering to improve effectiveness of Sanctions Operations
  • Support the relationship with Country FCC teams in order to support in-country transactional activity and business queries, and to provide guidance and oversight of Sanctions Compliance processes
  • Support the development and maintenance of effective working relationship and engagement with the Financial Crime Surveillance Unit (FCSU) teams
Other Responsibilities
  • Embed Here for good and Group's brand and values in AME Sanctions Investigations and Operations team
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures


Qualifications and Skills

  • The successful candidate will significant experience providing client-based and transaction-based sanctions support and advice.
  • Knowledge of applicable laws and regulations relating to sanctions and the ability to interpret them and apply them to actual situations.
  • Knowledge of the Business and products.
  • Strong verbal and written communication skills.
  • Ability to work within a fast-paced and complex environment with constantly changing deadlines and priorities.
  • Ideally ACAMS qualified
  • In addition the below competencies :
  • TECHNICAL COMPETENCIES
    Target Proficiency Level
    Compliance Policies and Standards
    Advanced
    Compliance Advisory
    Advanced
    Surveillance (including Screening and Monitoring)
    Advanced
    Investigations
    Advanced
    Compliance Risk Assessment
    Entry
    Regulatory Liaison
    Entry
    Manage Change
    Core
    Manage Projects
    Entry
 
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