Specialist- Financial Crime Compliance Controls (Saudi Nationals Preferred)

Job Description

Specialist, Financial Crime Compliance Controls (Saudi Nationals Preferred) - (2200017443)Job: CompliancePrimary Location: Africa & Middle East-Saudi Arabia-RiyadhSchedule: Full-timeEmployee Status: PermanentPosting Date: 12/Jul/2022, 7:26:00 AMUnposting Date: 26/Jul/2022, 10:59:00 PMRole Responsibilities Support the day to day management of Transaction Surveillance and Ad Hoc AML Investigation activity for the Saudi Arabia by developing and deploying sound analytical skills to produce balanced judgements in relation to AML and financial crime risk. Produce high quality investigations resulting in good quality SARs provided to the CMLCO for review.Ensure the suitability and quality of case data maintained on enterprise case management systems and internal logs (Investigation tracker, Watch Lists, SAR log and LCM log as appropriate).StrategySupport the implementation of the FCC strategy in country by escalating appropriate FCC and AML issues.BusinessSupport relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.Processes

• Develop, keep up-to-date with the changes in external and internal regulations including appropriate policies, processes and DOIs to address financial crime risks.
• Ensuring compliance with Saudi Arabia governance processes and FCC-related policies and procedures in Saudi Arabia.
• Provide advice to relevant stakeholders (including escalation to line managers and senior leadership) on compliance with Group standards relating to AML.
• Responsibility for processing AML investigations end to end, from initial referral through to the outcome of the case (closure in Detica/escalation to regulators).
• Adhere to Saudi Arabia AML investigations procedures and ensure initial review of each allocated case is carried out within 1-3 working days of allocation and RFIs within the first 6 working days of allocation.
• Processing and concluding cases allocated in a timely manner within agreed TATs where possible ? including CMLCO SAR TATs.

People & Talent

• Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Ensure forward planning, prioritisation, deadline management ,and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Support the training and development of new analysts in the team by providing on the job support.

Risk Management

• Support the day to day management of Transaction Surveillance and Ad Hoc AML Investigation activity for the Saudi Arabia by developing and deploying sound analytical skills to produce balanced judgements in relation to AML and financial crime risk.
• Produce high quality investigations resulting in good quality SARs provided to the CMLCO for review.
• Ensure the suitability and quality of case data maintained on enterprise case management systems and internal logs (Investigation tracker, Watch Lists, SAR log and LCM log as appropriate).
• Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
• Utilising existing data analytic tools/techniques/and systems to optimise the quality of casework including all available systems for Saudi Arabia (EBBS, EOPs, Accuity).
• Identify and highlight any compliance gaps in existing controls or relevant systems.
• Ensure that detection scenarios that are deployed are fit-for-purpose, providing feedback where false positives or immediate emerging risks are identified locally.
• 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 ? including following up on CMLCO decisions and tracking outcomes.
• Assess risks arising from products / segments / geographies / customers / transactions.
• Identify and escalate any potential risks AML/ and other financial crime risks to the relevant stakeholders.
• Provide intelligence inputs to support calibration of FCC risk typologies and utilise the internal IX and ICE protocols to ensure global escalation of core issues where appropriate.
• Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the FCC Saudi Arabia Controls Team.

Governance

• Propose control improvements, enhancements and simplifications where appropriate.
• Support all control checks undertaken by FCC Saudi Arabia under the Operational Risk Framework (ORF) and drive remediation action within the FCC function where appropriate.
• Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and support in the remediation action within the FCC Saudi Arabia 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.
• Support the FCC Saudi Arabia function 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.

Key stakeholders

• Saudi Arabia FCC, Business Advisory and Compliance teams
• Saudi Arabia and Regional Sanctions teams
• Regional FCC Controls team
• Direct manager and Countersigning Manager

Other ResponsibilitiesEmbed Here for Good and Group?s brand and values in Saudi Arabia FCC Controls & Saudi Arabia Compliance. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.QualificationsRelevant qualifications such as ACAMs and FCC training academy.About Standard Chartered Were an international bank, nimble enough to act, big enough for impact. For more than 160 years, weve worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If youre looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we cant wait to see the talents you can bring us.Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, youll see how we value difference and advocate inclusion. Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work

Keyskills :