Specialist QCO, FCSU (Compliance / FCC / Controls, FCSU / J2705)

  • Competitive
  • Kuala Lumpur, Malaysia Kuala Lumpur Kuala Lumpur MY
  • Permanent, Full time
  • Standard Chartered Bank Malaysia Berhad
  • 27 Apr 18 2018-04-27

Specialist QCO, FCSU (Compliance / FCC / Controls, FCSU / J2705)

Introduction 1
Leading the way in International Banking. We support the people and companies driving investment, trade and wealth creation across Asia, Africa and the Middle East. And our heritage and values are expressed in our brand promise - here for good. See our Brand and Values

We are currently looking for...... Enter JD here!

ROLE
Name: [Name of role holder]
Bank ID: [Bank ID]
Business Title: Specialist QCO, Financial Crime Surveillance Unit
Grade: D
Business Unit: QCO, FCSU
Job Family: Controls, FCSU
Location: Malaysia
Year: 2017
REPORTING RELATIONSHIPS:
Reports Directly to: Unit Head
Direct Reports: Analyst, Senior Analyst
Matrix/Dual reports: NA
Indirect Reports: (where relevant) NA
DIMENSIONS :
§ Budget: NA
§ Staff: 1-10 staff in multiple GBS locations
§ Authority Levels: NA
§ Number of branches: NA
§ Number of entities / business units: NA
§ Board appointments: NA
§ Committee appointments: NA
§ Regulated role: NA

RESPONSIBILITIES:

Processes
· Maintain 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 processes/DOIs.

Risk Management
· 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.
· Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.

Governance
· Undertake specialist second-line of defence FCC Assurance Reviews to test the validity and appropriateness of, and business compliance with, financial crime policies and procedures.
o Follow the FCC Controls Quality Assurance DOI to check that for the screening and monitoring risk events the agreed Assess, Analyse, Act (AAA) process is followed and that the agreed outcomes are correct and fully documented leading to the appropriate outcome.
· 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.
· Periodic reporting and timely escalation of significant risks and issues arising from FCC Monitoring and Assurance activities.
· Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
· In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.
· 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 FCSU 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.

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 the respective team 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 the respective team have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.

Project/change management
· Manage and protect business as usual (BAU) capability during change programmes, as well as during the execution and delivery of the Remediation initiatives through project phase and into BAU.
· Provide subject matter expert advice, guidance and support to the project managers on managing change.
· Review new business requirements and provide solutions where required.

Business
· Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.

Strategy
· Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the respective team for necessary FCC controls.

Key Stakeholders
· FCC Controls representatives in group and country.

Other Responsibilities
· Embed Here for good and Group's brand and values in FCSU,
· Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

COMPETENCIES:
LEADERSHIP COMPETENCIES
Leadership Level:
Spot Opportunities
Line Manager [Individual Contributor]
Solve Problems
Line Manager [Individual Contributor]
Take the Lead
Line Manager [Individual Contributor]
Build Resilience
Line Manager [Individual Contributor]
Collaborate
Line Manager [Individual Contributor]
Communicate
Line Manager [Individual Contributor]
Deliver Sustainably
Line Manager [Individual Contributor]
Achieve Results
Line Manager [Individual Contributor]
TECHNICAL COMPETENCIES
Target Proficiency Level:
Compliance Technical Competencies

Compliance Policies and Standards
Core
Compliance Advisory
Core
Compliance Review and FCC Assurance
Advanced
Surveillance (including Screening and Monitoring)
Advanced
Investigations
N/A
Compliance Risk Assessment
Entry
Regulatory Liaison
N/A
Manage Change
N/A
Manage Projects
N/A

QUALIFICATIONS - training, licenses, memberships and certifications
5 to 10 years of relevant work experience in the following areas:

[For screening:
· Sanctions and screening (name and transaction) surveillance skills
· Analysis skills: able to analyze data, working knowledge of Internet and MS Office Suite & independently assimilate, analyse and evaluate information from disperse data sources to determine a course of action (e.g. case closure or escalation), and record and communicate this decision clearly and concisely.
· Banking: knowledge in terms of customers, products and transactions
· Banking operations experience (Client Due Diligence, payments, trade, markets or other) and service oriented attitude.
· Excellent communication in English (articulation and writing).]

[For Monitoring:
· AML and terrorist financing surveillance skills
· Analysis skills: able to analyze data trends and out of pattern activities, working knowledge of Internet and MS Office Suite & independently assimilate, analyse and evaluate information from disperse data sources to determine a course of action (e.g. case closure or escalation), and record and communicate this decision clearly and concisely.
· Banking: knowledge in terms of customers, products and transactions with expertise in at least one customer segment (retail, corporate, private banking, correspondent banking)
· Banking operations experience (Client Due Diligence, payments, trade, markets or other) and service oriented attitude.
· Excellent communication in English (articulation and writing).]

This Job Description should be read in conjunction with the relevant terms of reference, the Group's Governance Manual which sets out responsibilities for establishing, maintaining and implementing the Group's high level systems and controls, policies and procedures, and the jobholder's contract of employment. The jobholder acknowledges that he / she has understood and will abide by the responsibilities set out in the Governance Manual as well as ensure compliance with Group Code of Conduct, and the local regulators Statements of Principle and Code of Practice for Regulated roles

Standard Chartered is committed to diversity and inclusion. By providing equal opportunities we foster a work environment which embraces diversity and gets the best out of the broadest spectrum of people to sustain business performance and competitive advantage. We build an inclusive culture by demonstrating respect for each other's unique strengths and perspectives to enable every employee to develop a sense of belonging, and have the opportunity to maximize their potential.
The signed job description should be part of the job library and be used for P3 objective purposes, development needs, and hiring requirements as needed.

** Please include Local / Regional/ Country Regulatory role requirement details as necessary.

employee Name:

employee Signature:
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Introduction 2
Leading the way in International Banking. With more than 86,000 employees in 68 countries, and a 150-year history in some of the world's most dynamic markets, Standard Chartered is listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India. See our history

We have an opportunity for…. Enter JD here!

Introduction 3
Leading the way in International Banking. Standard Chartered is one of the world's most dynamic and exciting international banks. Once you have joined the team, we offer many opportunities to expand and grow your career.

The successful applicant will.... Enter JD here!


Proposition 1 - A diverse culture
We are committed to building a culture that fosters a diverse and inclusive environment that's free from bias, where everyone can realise their full potential and make a positive contribution. This is just one of our values that is expressed in our brand promise - here for good. Apply Now...

Proposition 2 - Rewarding good performance
To us, good performance is about much more than turning a profit. It's about showing how you embody our core values and mantra - here for good. And if you perform well consistently, we'll give you the rewards you deserve. Are you looking for a career that can expand your horizons? We have one..

Proposition 3 - Career development
If you're a bright mind with big ambitions, we'll actively encourage you to fulfil your potential. Thanks to our rich and varied international footprint, we can offer exciting opportunities working across different countries and cultures. Apply Now and take the next step in fulfilling your potential.