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Director, FCC Commercial Banking - AME    

  • Negotiable
  • Standard Chartered Bank
  • Compliance/Legal | Compliance Regulatory
  • Dubai
  • United Arab Emirates
  • 16/03/2017
This is a Senior Management role managing a team in the capacity of Senior Manager, Financial Crime & Compliance, with a product specialism and focus in Commercial Banking.

Key Roles and Responsibilities

Strategy
  • Input to Group/region/country/CoE operating model design.
  • Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Department for necessary FCC controls.
  • Set and implement the vision, strategy, direction and leadership for the Department, consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.
Business
  • Analyse comprehensive impact of financial crime related regulatory matters on the bank's business and its operations.
  • Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country).
  • 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.
Processes
  • Develop and recommend (for approval by the relevant Risk Committee), appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
  • Implement/roll-out Group and FCC policies/processes/DOIs.
  • Provide advice to relevant stakeholders on compliance with Group standards relating to [AML/Sanctions/ABC].
People and Talent
  • Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.
  • 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.
  • Ensure [Region/Country/Department] is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.
  • Ensure staff in [Region/Country/Department] have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.
Risk Management
  • Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
  • Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
  • Apply Group and 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.
  • Advise relevant stakeholders on outcomes of [AML/Sanctions/ABC] risks identification and assessment methodologies.
  • Provide 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).
  • Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.
Governance
  • Attend relevant leadership meetings.
  • Provide [or support] senior oversight of FCC region/country/function.
  • Ensure tracking and remediation of surveillance and investigations related regulatory findings.
  • In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
  • Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
  • Track significant issues arising from FCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
  • Propose control improvements, enhancements and simplifications where appropriate.
  • Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
  • Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
  • 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.
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 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.
Project/Change Management
  • Lead or influence significant programmes of work in support of the financial crime compliance objectives.
  • Review new business requirements and provide solutions where required.
Other Responsibilities
  • Embed Here for good and Group's brand and values.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.


Qualifications and Skills

  • The selected candidate will have strong leadership capabilities and demonstrable experience of managing a team/s.
  • Strong technical Compliance experience, preferably within a Financial Crime capacity.
  • Direct product experience of Commercial Banking, either within a business product role or within Compliance is preferred.
  • Arabic language skills preferred, English language skills essential.
  • A degree or equivalent education is preferred but not essential.
  • The ability to converse and interact across boundaries and all levels is essential.

TECHNICAL COMPETENCIES
Proficiency Level:
Compliance Policies and Standards
Core
Compliance Advisory
Core
Compliance Review and FCC Assurance
Core
Surveillance (including Screening and Monitoring)
Core
Investigations
Core
Compliance Risk Assessment
Core
Regulatory Liaison
Advanced
Manage Change
Core
Manage Projects
Core
 
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