Associate Director, Financial Crime Compliance (FCC) Governance, Policy and Reporting

  • Competitive
  • Kuala Lumpur, Malaysia Kuala Lumpur Kuala Lumpur MY
  • Permanent, Full time
  • Standard Chartered Bank Malaysia Berhad
  • 20 Mar 18 2018-03-20

Associate Director, Financial Crime Compliance (FCC) Governance, Policy and Reporting

Leading the way in International Banking. We support the people and companies driving investment, trade and wealth creation across Asia, Africa and the Middle East. And our heritage and values are expressed in our brand promise - here for good. See our Brand and Values

We are currently looking for Associate Director, Financial Crime Compliance (FCC) Governance, Policy and Reporting

Job Responsibilities :


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

  • 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 [Globa/Region/Country/Business] 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].
Risk Management

  • Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
  • Align/support with 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. ORF, GRA).
  • Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
  • I nform 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 assessment.
  • 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).

  • Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
  • Implement quality assurance standards and workflows for the FCC Assurance function.
  • Periodic reporting and timely escalation of significant risks and issues arising from FCC Monitoring and Assurance activities.
  • Co-ordinate/support the management of audits/exams.
  • 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 the [country / business unit / function/XXX team] 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.
Job Requirements:

· Bachelor Degree in any related field with sound knowledge of Financial Crime Compliance Governance preferably in banking industry.

· Able to spot opportunities, take the lead and possess problem solving skills.

· Sound knowledge in compliance policies and standards.

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