Associate Director, Fcc I3, Asia - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

beBee Recruiter

Description

Job:
Compliance

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 14/Feb/2023, 10:59:29 PM

Unposting Date:
Ongoing

Role Responsibilities

Strategy

Support setting and implementation of the vision, strategy, direction and leadership for i3 Asia, consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.

Business

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

Processes

Continuous monitoring of the internal and external environment through various sources, including the media, to identify financial crime risks which may potentially impact the Bank. Map and assess those risks, quantify the potential impact and escalate where necessary.
Undertake complex research derived from multiple sources, both internal and external to SCB (to include business, operations, compliance, opensource web searches, domestic and international regulatory bodies) to produce strategic and tactical intelligence products.
Execute key deliverables designated by Group i3 and the HRCET unit.
Work with key stakeholders to generate proactive projects in which large internal datasets (including client static data and transactions) are analysed to identify financial crime risk through patterns, trends and typologies.
Support specialized intelligence assessments and analysis of clients, countries and products through examination of transactions, Production Orders, subpoenas, warrants, and other internal datasets.
Draft STRs as required.
Develop, keep up to date and recommend for approval, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements, and such relevant Regional/Group documents.
Provide advice to relevant stakeholders on compliance with Group standards relating to financial crime.
Sustain and develop i3 Asia's outreach capabilities, including establishing and maintaining contacts with law enforcement agencies, regulators, notforprofit organizations, industry bodies and other financial institutions, in accordance with Group and Regional financial crime priorities, in order to assist the Bank to proactively mitigate financial crime risk, and to demonstrate the Bank is at the forefront in the fight against financial crime.
Participate and play a leading role in external industry forums, working groups and publicprivatepartnership events as a representative of the Bank in the financial crime space, and drive development thereof, as appropriate.
Participate in external discussion panels, present at conferences, prepare written articles for professional publications and otherwise raise the profile of the Bank at professional forums.
Attend / support Fraud and Money Laundering Task Force (FMLIT) Operations Group and Strategic Group meetings. Action cases from the Operations Group meetings.
Organise and host Financial Crime Intelligence Roundtables / virtual sessions periodically

People and Talent

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.

Risk Management

Make recommendations (and/or implement) to relevant stakeholders on possible risk management actions to identified risks and/or findings of concerns from investigations.
As necessary, work in partnership with business segments to ensure that financial crime risks identified from external sources and internal deepdive client reviews are appropriately addressed and mitigated.
As required, assess risks arising from products / segments / geographies / customers / transactions.
Identify intelligence with a view to research, identification of red flags and typologies, and risk mitigation.
Identify current and emerging financial crime risk indicators through various internal/external sources.
Advise relevant stakeholders on outcomes of AML risk identification and assessment methodologies.
Ensure all intelligence investigations are properly concluded. Share best practices to foster a culture of continuous improvement.
Provide intelligence investigative expertise to support management of significant regulatory/legal cases.
Manage endtoend financial crime client reviews initiated by external sources (regulators, law enforcement agencies, authorities or other external organisations), and internal surveillance.
Conduct a root cause analysis on the control/other failures, as required, to ensure lessons are learned across the bank.
Provide i