Head of Controls, MENAP - Standard Chartered Bank

Job Description

The Regional Head of Controls manages the core operational processes executed in FCC, as well as the specialist supporting systems for surveillance/screening; to help promote and manage throughout the Region the culture and practice of FCC risk management within the letter and spirit of relevant laws and regulations.



Key Roles & Responsibilities

Overall Responsibilities

* Provide oversight and management of regional roles including:

o Head, Surveillance & Analytics Responsibilities

* System and tuning oversight for surveillance, screening and Customer Due Diligence ("CDD")

* Apply quantitative techniques to develop intelligence and tune systems to better identify and mitigate risk efficiently

* Build solutions to monitor for financial crime typologies

* Maintain documentation for systems owned in FCC, e.g. rule book

o Head, Financial Crime Investigations Responsibilities

* Manage alert/cases/SARs

* Manage escalations from the business

* Manage escalations based on customer screening alerts

* Manage production orders escalated to Financial Crime Compliance ("FCC")



o Head, Financial Crime Intelligence Unit Responsibilities

* Oversee media/other research and monitoring

* Maintain local/regional watch lists

* Manage law enforcement outreach and outreach to banks on intelligence

* Support complex Group or cross-jurisdiction investigations



o Head, Quality Assurance and Performance Responsibilities

* Undertake quality assurance in relation to all core Financial Crime Compliance ("FCC") processes.

* Support all control checks undertaken by FCC under the Operational Risk Framework ("ORF")

* Propose control enhancements and simplifications

* Provide resources to support work by Segments and Product/FCC/Governance/Sanctions/ABC to upgrade business controls

* Generate and monitor all metrics required for tracking operational performance of controls



o Head, CDD Controls Responsibilities

* Undertake hubbed CDD review activity executed in the regional CDD CoE

* Review Politically Exposed Persons ("PEP") files and sensitive client files

* Integrate data across processes managed in Controls relevant to the CDD review

* Escalate issues requiring business rejection/restriction

* Work with Segments and Product Financial Crime Compliance ("FCC") to escalate issues appropriately with the business at a portfolio level



Leadership & Management

* Implement and cascade the Group's policy, framework and procedures to country level

* Provide leadership to the regional FCC network as part of the regional senior FCC management team

* Manage outsourcing arrangements where applicable, for example FCC processes hubbed to the Group's Shared Services Centre

* Lead or influence significant programmes of work in support of the financial crime compliance objectives

* Assist in the development of an effective internal compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance

Knowledge Development and Information Management

* Identify and communicate, across the business within the region, relevant changes in Controls policies, procedures and practices - recommending amendments as required

* Assist in developing FCC Controls-related training to ensure the business and support units are provided with appropriate training

Stakeholders Relations

* Partner closely with the Group FCC Controls and their teams, ensuring there is a consistent message to country FCC, and dealing with country issues as they come up

* Support Country Compliance and FCC teams in managing regulatory relationships where FCC issues are a problem



Qualifications & Skills

Competencies

* Partner with the business to make decisi

Job Details

Date Posted:	2015-02-25
Job Location:	Dubai, United Arab Emirates
Job Role:	Other
Company Industry:	Banking

Preferred Candidate

Career Level:

Executive/Director

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Date Posted: February 25, 2015 at 10:39AM

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Head of Controls, MENAP - Standard Chartered Bank