Associate Director, Financial Crime Compliance (FCC), Controls

  • Competitive
  • Kuala Lumpur, Malaysia
  • Permanent, Full time
  • Standard Chartered Bank Malaysia Berhad
  • 17 Oct 17 2017-10-17

Associate Director, Financial Crime Compliance (FCC), Controls

Business

  • Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
  • Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to Financial Crime Compliance (FCC).
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 Malaysia to ensure compliance with such policies and procedures.
  • Provide advice to relevant stakeholders on compliance with Group standards relating to AML.
Risk Management
  • Ensure the suitability and quality of case data maintained on enterprise case management systems.
  • Understand technical aspects of systems relevant to client due diligence (CDD), Client Risk Assessments, Name and Transaction Screening, Anti Money Laundering (AML) Monitoring and Case Management.
  • Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring systems.
  • Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
  • Review and assess existing system and controls relevant to FCC to ascertain operational performance and effectiveness.
  • Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
  • Ensure that the relevant lists and database as used by the screening systems are up to date.
  • Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
  • Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
  • Assess risks arising from products / segments / geographies / customers / transactions.
  • Advise relevant stakeholders on outcomes of AML risks identification and assessment methodologies.
  • Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
  • Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments)
Governance
  • Propose control improvements, enhancements and simplifications where appropriate.
  • Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
  • Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
  • Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC function.
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 FCC Controls to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Other Responsibilities
  • Embed Here for good and Group's brand and values in Malaysia
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures


Qualifications and Skills

COMPETENCIES:
LEADERSHIP COMPETENCIES
Leadership Level: Please choose the leadership level (e.g., Organisation Leader) after reviewing the Leadership Competency Framework
Spot Opportunities
Individual Contributor
Solve Problems
Individual Contributor
Take the Lead
Individual Contributor
Build Resilience
Individual Contributor
Collaborate
Individual Contributor
Communicate
Individual Contributor
Deliver Sustainably
Individual Contributor
Achieve Results
Individual Contributor
TECHNICAL COMPETENCIES
Target Proficiency Level: Please choose proficiency level based on definition in the Competency Framework (Entry, Core, Advanced or Expert)
Compliance Policies and Standards
Core
Compliance Advisory
Advanced
Compliance Review and FCC Assurance
Core
Surveillance (including Screening and Monitoring)
Advanced
Investigations
Advanced
Compliance Risk Assessment
Core
Regulatory Liaison
Entry
Manage Change
N/A
Manage Projects
N/A