Associate Director, US Sanctions Program Management Associate Director, US Sanctions Program  …

Standard Chartered Bank
in New York, NY, United States
Permanent, Full time
Last application, 30 Mar 20
Standard Chartered Bank
in New York, NY, United States
Permanent, Full time
Last application, 30 Mar 20
Associate Director, US Sanctions Program Management
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

Responsible for ensuring bank-wide compliance with US sanctions Rules and Regulations for all applicable Sanctions Regimes for the onboarding process for SCB NY. Support all business lines to further the Sanctions agenda, provide guidance on proper application and interpretation of Sanctions related laws, rules, regulations and policies applicable to SCB NY.

  • 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.
  • Analyse comprehensive impact of anti-financial crime related regulatory matters on relevant business area(s) and its operations.
  • Ensure that key changes (to laws, rules, regulations) are implemented (in region/country), in coordination with Group communications.
  • Support relevant stakeholders to make decisions based on current internal and external requirements, practices and trends.
  • Provide guidance as the Sanctions SME to the various business units, especially the COBAM teams, and Relationship Managers. Ensure the proper completion of the SRAF (Sanctions Risk Assessment Forms), for adherence to the SCB Group Sanctions Policies/Procedures, in addition to such Sanctions regimes as OFAC, the EU, UN, and HMT (Her Majesty's Treasury).
  • Ensure adherence to the SCB America's Code of Conduct, local laws and regulations, and internal risk and compliance policies
  • Review all Country Addendums and Preliminary Sanctions Reviews to ensure adherence to the SCB Group Sanctions Policies/Procedures and address/mitigate all noted Sanctions risks
  • Review/decision alerts in the Sanctions Advisory Tool
  • Establish and develop effective working relationships with Compliance colleagues and personnel of business units
  • Proactively engages with stakeholders to steer business practices towards exemplary regulatory governance
  • Assist in the distribution of NCT's (Non-Compliant Transactions) to the RM's
  • Act as a back-up in decisioning Anti-Boycott Referrals received from the Trade Operations team.
  • Escalate any/all Sanctions related queries to Management as applicable
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 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
  • Regional Head, FCC, Sanctions Compliance, EA & Group Head, US Sanctions
  • Group Sanctions and Regional Sanctions Teams
  • FCC Controls
  • Corporate and Institutional Banking
  • FCC Assurance & Continuous Assurance
  • Group Internal Audit
Other Responsibilities
  • Provide support for Anti-Boycott Compliance & Trade Advisory

Our Ideal Candidate
  • Bachelors degree from an accredited institution or relevant work experience in excess of 7 years
  • Advance degree will be viewed positively
  • ACAMS Certification will be viewed positively
  • At least 5-7 years of direct work experience in a similar role within financial services, banking or regulatory environment.

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 .