Director, FCC, Governance

  • Negotiable
  • Manama, Capital Governorate, Bahrain Manama Capital Governorate BH
  • Permanent, Full time
  • Standard Chartered Bank
  • 12 Aug 18 2018-08-12

* Interpret Management Information and Reporting and provide covering analysis for Committees and Management Forums as appropriate * Provide oversight on risk profile screening escalations / alerts * Track/report all remedial actions (audit, CMRs, exams, RA etc.) * Manage escalations from the business * Provide advice and guidance to the frontline staff regarding financial crime screening policies and procedures when necessary


Leadership and Management

  • Provide support to the regional and in-country FCC teams
  • Help develop skilled resources within the area team who can contribute to the management of FCC
  • Support efforts to position the Bank as an industry leader in the eyes of regulators and industry stakeholders
  • Promote and embed a compliance culture throughout the AME FCC environment

Stakeholders Relations

  • Partner with colleagues across the Bank to help drive a culture of risk awareness and proactive risk identification and assessment
  • Ensuring there is a consistent message to country FCC, and dealing with country issues as they come arise
  • Support the business in managing regulatory relationships where FCC issues are a problem
  • Execute Compliance Governance, Frameworks and Models
  • 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
  • Develop and implement financial crime compliance arrangements/frameworks (programmes, policies and procedures) for AME FCC and business lines
  • Implement Identification, Monitoring, Testing, and Reporting
  • Implement FCC/sanctions/AML/ABC risks identification and assessment and advise business on the findings
  • Partner with Business and Operational Risk to identify and mitigate financial compliance risks

Manage and Mitigate Risks

  • Conclude investigations of non-compliant activities
  • Review system safeguards and recommend process enhancement

Processes

  • Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
  • Providing governance and oversight over the implementation of FCC-related policies and procedures in the AME Region, to ensure compliance with such policies and procedures.
  • Document and maintain all core documents, including policies/processes/DOIs.
  • Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions/ABC.
  • Support the execution of control checks undertaken by FCC under the Operational Risk Framework (ORF)/Operational Risk Assessment (ORA).
  • Provide advice to relevant FCC stakeholders on compliance with Group standards relating to AML, Sanctions and ABC.
  • Identify, escalate and help address thematic FCC issues and trends across the region.

Risk Management

  • Align and support the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
  • Provide advice on the application of risk management frameworks (e.g. ORA, GRA).
  • Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
  • Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
  • Implement AML/Sanctions/ABC risks identification and assessment methodologies.
  • Conduct Country risk assessments.
  • Map risks, quantify the potential impact and escalate where necessary.
  • Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).

Governance

  • Ensure coordination of Audits & Reviews, overseeing and facilitating the life-cycle of a review or audit.
  • Drive regional execution against our FCC objectives.
  • Oversee and coordinate the Global Risk Assessment ("GRA").
  • Drive the roll-out and advancement of Management Information ("MI").
  • Adhere to structured Reporting across AME region, upwards to Group FCC and other Group stakeholders.

Project/Change Management

  • All FCC related projects from a group, regional or local perspective must be consistently managed by the regional team ensuring compliance to FCC governance policies, methodologies and procedures.
  • FCC Governance to ensure a structured and consistent approach to conducting business as usual activities, business change, projects and activities.