Risk Assessment Manager, Financial Crime Compliance

  • Negotiable
  • Manhattan, NY, USA
  • Permanent, Full time
  • Standard Chartered Bank
  • 12 Sep 16

Please view Job Description for details.

The Risk Assessment Manager is responsible for performing Financial Crimes Compliance (FCC) Risk Assessment to identify, analyze, and draw conclusions on risks for Standard Chartered Bank. This role will be responsible for assisting the Head of Risk Assessment, Americas for execution of the program and its ongoing monitoring of the health and risk profile of the bank.

Key Roles and Responsibilities

* Conduct Assessment of FCC risks according to the SC US Risk Assessment Methodology ("Methodology").
* Assists in the creation and delivery of annual risk assessment for FCC.
* Assists the Head of Risk Assessments, Americas in the following:
o Establish and implement risk assessment methodologies commensurate with the risk in SC
o Assist in the creation of FCC analytics and metrics that provide the business with visibility of the control environment and emerging risks
o Assist in the execution of Group led risks assessments across the Americas
o Guides the determination of whether risk exposures are within SC's stated risk appetite
o Gather and analyze risk-related data from internal and external resources.
o Aggregate and analyze assessment results to identify trends/patterns that transcend business lines
* Inventory and analyze key FCC risk factors (i.e., business entities, customers, products & services, geographies, delivery channel, etc) and mitigating factors.
* Conduct interviews with Risk Assessment stakeholders and line of business management to discuss FCC risk and BSA/AML and sanctions controls.
* Conduct controls analysis based on information gathered, assign controls effectiveness ratings and identify findings and observations to be included in the Risk Assessment report.
* Determine direction of risk, residual risk and linkage of residual risk to specific control weaknesses.
* Assist in reporting of regulatory compliance and risk management components of the FCC programs to senior management.
* Partner with Group Risk Assessment to ensure linkage to the FCC Risk Assessment with the Global BSA/AML and Sanctions Risk Assessment.
* Partner with Operational Risk to ensure linkage of the US BSA/AML and Sanctions Risk Assessment with the Operational Risk Framework.
* Gather risk-related data from internal or external resources.
* Ensure a full understanding of the risk and control environment in area of responsibility.
* Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role.
* Deliver 'effective governance'; challenge fellow executives effectively; and work with any local regulators in an open and cooperative manner.
* 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.
* Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
* Embed the Group's values and code of conduct to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees to form part of the culture.


Qualifications and Skills

Skills & Qualifications:
* Bachelor degree in Economic Crime Investigation, Finance, Economics or related field of study
* Graduate degree will be viewed positively
* ACAMS Certification preferred
* At least 3-5 years of direct work experience in a Financial Crime Compliance, Risk Assessment or Quality Assurance in Financial Services, Banking or Regulatory environment
* Sanctions Risk Assessment experience viewed positively

How To Apply

You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following:

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- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application

It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.

Diversity and Inclusion

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

Equal Opportunity Employer

Standard Chartered is an equal opportunity employer. We have a meritocratic culture where each individual employee is valued and respected for who they are as a person and for what they bring to the organisation.