Financial Crime Investigations & Operation Analyst

  • Negotiable
  • Singapore
  • Permanent, Full time
  • Standard Chartered Bank
  • 20 Sep 16

Please view Job Description for details.

To investigate cases / alerts escalated by GSSC TSU team and transactional trends for the purpose of identifying suspicious transactions / activities and escalate Suspicious Transactions Reports to the Regional Head of FCIO or designate, in compliance with Group policy and procedures, laws and regulations in Singapore and other ASEAN and South Asia regions on AML/CFT.

To perform Quality Assurance and support other related activities for TSU & CSU. Maintain all the registers and provide MIS in a timely manner.

Key Roles and Responsibilities

Overall Responsibilities

  • Scope of role include Standard Chartered Bank (SCB) Singapore Branch, SCB (Singapore) Limited, Standard Chartered Bank ASEAN and South Asia countries and Governance oversight of all SCB Subsidiaries in the company as Regional Financial Crime Intelligence Operation Analyst.
  • Conduct detailed investigations on the cases escalated by GSSC for the purpose of identifying suspicious transactions and preparation of Suspicious Transaction Reports (STR)/recommending for filing STR to respective ASEAN and South Asia country's Head FCC or designate.
  • Ensure that alerts raised by the Transaction Surveillance system are validated, investigated, disposed satisfactorily and investigation outcome is adequately documented, in a timely manner (within TAT)
  • Contact point for all external law enforcement agencies in respect to Production Orders to the Bank. Also conducts further review of customer's features in Production Orders for possible misuse of their accounts with the Bank.
  • In respect of transaction surveillance, establish and develop effective working relationship with Business Units, Group Financial Crime Compliance, GSSC Transaction Surveillance team and Country Compliance.
  • Maintain registers such as SAR, Case registers up-to-date & ensure timely escalations, trigger event mails are sent to RM/business touch points.
  • Ensure that records of suspicious activity reports are kept in accordance with the Bank's record retention requirements.
  • Coordinate information requests from commercial Affairs Department relating to STRs and ensure that they are promptly attended to maintain all records evidencing the Bank's compliance with respect to each request. Ensure compliance with Singapore regulations (specifically MAS 626 and such other regulations as disseminated by Legal & Compliance, Singapore).
  • Conduct reviews of the alerts escalated by GSSC in Detica CMR system to mitigate Sanction risks, identify customers who are PEPs or linked to adverse news and take appropriate action either by preparing Suspicious Transaction Reports (STR) or by communicating to the respective business units/RM for further action.
  • Conduct quality assurance reviews on work performed by the GSSC Transaction Surveillance team, CSU team and cross functional quality assurance check within RFCIO.
  • Secure 'Acceptable' audit ratings for the unit and ensure timely resolution of audit and risk related issues
  • Provide pro-active support to Business Units and senior management in ensuring the Bank operates in accordance with legal, regulatory and Group requirements in respect of the identification, timely reporting of SARs and lists names in name screening.
  • Support the close interaction between RFCIO, Singapore and FCC personnel of other countries in ASEAN and SA region / GSSC, ensuring seamless communication and cooperation.
  • Coordinate information requested from supported countries and GROUP FCC, relating to AML and ensure that they are promptly attended.
  • Ensure timely reporting and escalation of significant risk issues to management.
  • Coordinate & perform IT initiatives in managing database and systems used by the unit to ensure operational issues are promptly addressed.
  • Support Technology initiatives up to and including development of BRDs to support required system enhancements, UAT and system evaluations.
  • Coordinate & perform BCP / DR testing in addition to taking appropriate measure for managing crisis situation.
  • Cooperate and support the management in implementation of any other initiative (including intelligence exchange but not limited) that may arise during the course of the year
  • Support and drive operational excellence initiatives, to improve effectiveness & efficiency of the unit.


  • Qualifications and Skills

  • Professional with core compliance or business skills.
  • Effective collaborative skills that contribute to positive working relationships with GSSC, other ASEAN and South Asia Country's FCC and SCB Singapore Business Units.
  • Sound knowledge of applicable AML Laws and Regulations of the respective country and the ability to interpret and apply them to actual situations.
  • Comply with Group Money Laundering Prevention Policy and Procedures to the extent applicable and reporting all Suspicious Transactions to the Line Manager/Team Lead.
  • Detailed understanding of relevant Group and local policies and standards.
  • Good knowledge of banking products and support structure.
  • Good data analytics, application & interpretation skills. An inquisitive approach to practices and procedures. Personal authority and integrity. Independence and resilience.
  • Strong written and verbal communication skills.
  • Technical Competencies (Proficiency scale: Entry, Core, Advanced, Expert)
    Category
    Competency
    Proficiency Level
    1.0: Execute Compliance Governance, Frameworks and Models
    1.1: Partner with the business to make decisions based on the knowledge and interpretation of current and possible future policies, practices, trends and information of financial crime
    Core
    1.2: Develop and implement financial crime compliance arrangements/frameworks (programs, policies and procedures) for bank and business lines
    Entry or Core
    1.3: Develop and implement risk and Market Integrity methodologies
    Entry or Core
    1.4: Deliver effective FCC/Sanctions/AML/ABC training programs to meet the training needs of the business
    Entry or Core
    1.5: Advise on how local culture might contribute to financial crime vulnerability
    Core
    2.0: Advise on Sanctions / AML / ABC
    2.1: Analyse comprehensive regulatory impact of Sanctions matters on the bank's business and its operations
    Entry or Core
    2.2: Analyse regulatory impact of AML/ABC matters on the bank's business and its operations
    Entry or Core
    2.3: Advise business on compliance & regulatory matters relating to Sanctions/AML/ABC as well as financial services industry related practices
    Entry or Core
    2.4: Evaluate products, services, geographies and customer segments of the bank that might be vulnerable to Sanction/AML/ABC and regulatory risks
    Core
    3.0: Implement Identification, Monitoring, Testing, and Reporting
    3.1: Implement prevention and detection client due diligence (CDD, EDD and CIP) to verify the identity of clients
    Entry or Core
    3.2: Implement FCC/sanctions/AML/ABC risks identification and assessment and advise business on the findings
    Entry or Core
    3.3: Resolve suspicious activity alerts (SARs)
    Entry, Core or Advanced
    3.4: Partner with Business and Operational Risk to identify and mitigate financial compliance risks
    Core or Advanced
    4.0: Manage and Mitigate Risks
    4.1: Conclude investigations of non-compliant activities
    Entry, Core or Advanced
    4.2: Partner with legal counsel for advice on technical matters
    Entry or Core
    4.3: Implement and follow up on strong recommendations to address high risk situations (such as dropping a long standing client/product line/country)
    Entry, Core or Advanced
    4.4: Review system safeguards and recommend process enhancements
    Entry, Core or Advanced
    5.0: Manage FCC Regulatory Relationships
    5.1: Participate in regulatory and supervisory meetings and consultations
    Entry or Core
    5.2: Partner with legal counsels for matters regarding individual liability and country expertise
    Entry or Core
    5.3: Resolve conflicts of interest arising from regulations and information security
    Entry or Core
    5.4: Partner with regulators locally or globally
    Entry or Core
    5.5: Influence and help develop global standards
    Entry or Core