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
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