Director, FCC Sanctions, Metrics and Analysis Director, FCC Sanctions, Metrics and Analysis …

Standard Chartered Bank
in Newark, NJ, United States
Permanent, Full time
Last application, 23 Sep 20
Standard Chartered Bank
in Newark, NJ, United States
Permanent, Full time
Last application, 23 Sep 20
Director, FCC Sanctions, Metrics and Analysis
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

Financial Crimes Compliance, Sanctions Europe & Americas ("FCCEA Sanctions") provides advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and Group Sanctions Policy and Procedures on an ongoing basis .

  • FCCEA Sanctions, provides regulatory and compliance advice to business and control units on an ongoing basis. These efforts involve responding to questions and issues as they arise and proactively keeping business units apprised of regulatory developments and Group policy changes. FCCEA Sanctions, along with other control functions, manages supervisory and Monitor queries, and advises Operations on transactions prior to execution. FCCEA Sanctions administers the Group Sanctions Policy in the Europe Region, including its implementation in accordance with Group standards, as well as the provision of targeted sanctions compliance training.
  • Provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices, and Group Sanctions Policy and Procedures.
  • Producing various metrics reports for the EA RST on a regular basis.
  • Researching, drafting, and producing relevant data for responses to regulatory authorities within specific TAT.
  • Provide training to stakeholders as needed.
  • Act in backup capacity to teams OFAC block/reject reporting officer as needed.
  • Attend KRI Working Group and Issue Tracking Working Group.
Risk Management
  • Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group. Also, an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them.
  • The ability to interpret the Group's financial information, identify key issues based on this information and put in place appropriate controls and measures
  • Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas.
  • Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
  • Responsible for delivering 'effective governance'; capability to challenge fellow executives effectively; and willingness to work with any local regulators in an open and cooperative manner.
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 [country / business unit / function/XXX [team] to achieve the outcomes set out in the Bank's Conduct Principles : [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
  • Global Head - Economic Sanctions Compliance,
  • FCC High Risk Clients and Emerging Threats
  • Regional Head, FCC, Sanctions Europe & Americas
  • Head, FCC Europe
  • Group Sanctions and Regional Sanctions Teams
  • FCC Controls
  • Corporate and Institutional Banking
  • UK/EU regulators and OFAC
  • FCC Assurance
  • Group Internal Audit

Our Ideal Candidate
  • JD or Master's degree in Business, International Affairs or related field preferred.
  • 5+ years of relevant work experience in Sanctions
  • ACAMS certification or industry equivalent preferred.

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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