Director, US Law Compliance Program, FCC

  • Negotiable
  • Manhattan, NY, USA Manhattan NY US
  • Permanent, Full time
  • Standard Chartered Bank
  • 22 May 18 2018-05-22

PURPOSE: To support management in the governance, manangment and oversight of the US Law Compliance program ( USLCP) and in the development and sustainability of the Standard Chartered US Affiliate Management program.

* To support the Bank's Financial Crime Compliance Americas division (FCC) in ensuring that the business in the US operates in accordance with all legal and regulatory requirements and all Group standards relating to anti-money laundering and counter terrorism financing (AML).

* Contribute to presentation of review findings and development of recommendations designed to eliminate or mitigate risks with potential to impact SCUS' ability to comply with laws and regulations.
* Contribution and assistance in management of projects as they arise, providing robust support to project stakeholders as required.
* Champion the creation, adoption and implementation of best-practice governance throughout Financial Crime Compliance, including the enhancement and management of the USLCP and associated protocols.
* Ensure appropriate governance of the facilitation and fulfilment of requirements as a result of external and internal exams.
* Track and follow-up on action plans and escalation reports stemming from FCC related exams to ensure timely response and action.
* Proactively identify, communicate and escalate areas of potential risks and manage incoming FCC inquiries .
* Ensure an appropriate framework for monitoring, identifying, measuring, assessing, reporting and managing legal, compliance, regulatory, financial crime and operational risks.
* Adherence to the USA PATRIOT Act and US Bank Secrecy Act and Anti Money Laundering regulations, Proceeds of Crime Act, Serious Organised Crime and Police Act, Terrorism Act, Counter Terrorism Act, Bribery Act 2010, Money Laundering Regulations 2007, JMLSG Guidance Notes, FSA handbook, SCB's internal policies and procedures on AML, Sanctions and Fraud
* Cooperate fully with local law enforcement, i.e., USSS, FBI and ATF. Cooperate with Federal Reserve and NYDFS examiners.

USLCP Management Responsibilities
* Manage the USLCP Central in an effective and sustainable manner which includes but is not limited to:
* Ensuring staffing is fit for purpose in terms of existing skillset of team members and potential talent development. Developing individual succession plans and monitor the team's capacity against deliverables to ensure sustainability. Setting clear team member objectives which ensure that team members understand their USLCP role and responsibilities and have a job description aligned with these. Ensuring that staff execute their mandatory and assigned tasks in an accurate, comprehensive and timely fashion. Generating an accurate, comprehensive and timely USLCP annual report. Ensuring USLCP sustainability with adequate inventory of USLCP documentation, adhering to documentation retention requirements and enforcing appropriate archiving of records.
* Contribute to the efficiency and effectiveness of the global USLCP Program, which includes but is not limited to:
* Updating program and component procedures to reflect the global Program's processes. Developing processes to fulfil requirements of the Program in relation to evolving needs. Performing any remediation pursuant to the above. Sustaining the execution of the USLCP's assured imbedded processes. Assigning appropriate resources to ensure the execution of the above steps and dedicating sufficient time & attention in order to provide the required discipline, guidance and oversight to achieve the above. Accordingly ensuring USLCP protocols are fully rolled out and BAU USLCP activities are completed in a comprehensive, accurate and timely manner.

Education, Experience and Accreditation
* ACAMS certification or equivalent strongly preferred.
* Bachelor degree from an accredited institution or equivalent.
* Advanced degrees (J.D., MBA, etc.) will be viewed positively.
* At least 7 years experience in financial crime compliance within the financial industry or in the governmental regulatory, intelligence or law enforcement industry (international, federal, state and local levels will be considered).
* Experience in wholesale / correspondent banking with an international financial institution preferred.
* Experience in working internationally will be viewed positively.
* Demonstrated capacity to lead team in complex investigative and analytical work, including through the execution of projects, investigations or other initiatives presenting need for close supervision and resource-management, and effective communications.

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