Head, Customer Due Diligence Controls, MENAP - Standard Chartered Bank

Job Description



The Regional Head of CDD Controls supports the Regional Head of Controls FCC in the area of Customer Due Diligence; ensuring that the countries are in compliance with the procedures, and managing the related risks which arise from specific clients, as well as ensuring effective escalation of the higher risk relationships.



Key Roles & Responsibilities



Provide subject matter expertise, drawing on FCC networks, professional qualifications and experience to advise on CDD policy, escalation of higher risk relationships and testing compliance with policy in the region



Advise on the Bank's sanctions risk management framework as it applies to client relationships



Assess risks arising from specific clients and managing those risks in the interests of the Bank



Undertake hubbed CDD review activity



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



Conduct ongoing testing of compliance with the CDD procedures



Support efforts to position the Bank as an industry leader in the eyes of regulators and industry stakeholders.



Train teams in the region that are responsible for CDD in the first line and establishing a feedback loop to support continuous improvement



Ensure effective escalation within the Bank



Work with region and Group resources to deliver advisory and testing objectives, including 'virtual team' members within the region



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



Qualifications & Skills



You will have experience in a similar role and be able to demonstrate the following experience:



Ability to 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



Deliver effective FCC/Sanctions/AML/ABC training programs to meet the training needs of the business



Implement prevention and detection client due diligence (CDD, EDD and CIP) to verify the identity of clients



Implement FCC/sanctions/AML/ABC risks identification and assessment and advise business on the findings



Resolve suspicious activity alerts (SARs)



Partner with Business and Operational Risk to identify and mitigate financial compliance risks



Partner with legal counsels for matters regarding individual liability and country



Resolve conflicts of interest arising from regulations and information security



Closing Dates



The closing date for applications is 08/03/2015. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.



Diversity & Inclusion



Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

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, Customer Due Diligence Controls, MENAP - Standard Chartered Bank