Job Title: Associate Principal, Financial Crime Surveillance Operations
Organisation: Standard Chartered Bank (Stanchart)
Duty Station: Kampala, Uganda
Standard Chartered PLC is a British multinational banking and financial services company headquartered in Hong Kong, China. It operates a network of over 1,700 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Africa, United Kingdom, United States and the Middle East. Standard Chartered Bank Uganda is the longest established international bank in the country; the first branch was opened in August 1912. We had 11 branches up to 1972 and retained only one branch during the turbulence of the 70s. In 1998 we acquired 4 branches of former Cooperative Bank in November 1999. Standard Chartered Bank Uganda today has a network of 11 branches in Kampala, Jinja, Mbale, Mbarara and Gulu. Standard Chartered Bank Uganda has 29 ATMs and over 600 staff.
Job Summary: The Associate Principal, Financial Crime Surveillance Operations will support and implement the vision, strategy, direction and leadership for the country consistent with the vision and strategy for FCSO and in support of the Group’s strategic direction and growth aspiration.
Key Duties and Responsibilities:
- Support the implementation of the FCSO strategy by escalating appropriate FCC and AML surveillance issues and executing activities in line with guidance documents, Group requirements and regulatory expectations.
- Maintain thorough knowledge of bank products across all segments (i.e. retail, commercial, private, correspondent banking and trade) and the ability to execute end-to-end investigations across all segments.
- Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
- Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.
- Day to day processing of List Management (LM), Production Orders (RO), Transaction Monitoring (TM), Transaction Screening (TS) and Name Screening (NS) cases in line with AAA procedures and in a timely manner within agreed TAT’s whilst maintaining Quality Control/Quality Assurance results in line with Group and local expectations.
- Support Country Head FCSO/Regional Head FCSO with any complex investigations as required.
- Ensure timely initiation of any follow up actions to effectively process cases in LM, TM, TS, PO and NS with clear narratives.
- Assist the Country Head FCSO to implement investigation and surveillance standards set by regulators and the Group FCC function (via processes defined by Group FCSO GPO’s), and Country FCC.
- Reporting Internal SAR’s for cases escalated through FCSO screening or transaction monitoring processes to Country FCC / CMLCO.
- Ensure names are added to the watch lists on a timely basis.
- Share high profile cases with Regional Cluster Head of FCSO to develop typologies and other materials to improve controls.
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, prioritization, deadline management, streamlined workflows and efficient work practices are the norm.
- Individual accountability for Learning and Development Plans and executions
- Understand technical aspects of systems relevant to List Management, CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
- Inform Line Manager / 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.
- Map risks, quantify the potential impact and escalate where necessary.
- Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
- Ensure the suitability and quality of case data maintained on enterprise case management systems.
- Partner with legal counsels for advice on technical matters.
- Propose control improvements, enhancements and simplifications where appropriate.
- Support all control checks undertaken by FCSO under the Operational Risk Framework (ORF).
- Collate, analyses and interpret data in reports.
- Analyze and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and support in remediation actions within the FCSO 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 to achieve the outcomes set out in the Bank’s Conduct Principles
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Embed “Here for good” and the Group’s brand and values in the team.
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
- Providing guidance and training to relevant value chain stakeholders (e.g. Country FCSO, New Joiners) when and as needed as directed by Country Head FCSO.
- Provide back up support to Country FCSO team colleagues as required.
Qualifications, Skills and Experience:
- The applicant for the Standard Chartered Bank job should have relevant qualifications such as ACAMs and FCC training academy
- Compliance Policies and Standards
- Compliance Advisory
- Compliance Review and FCC Assurance
- Surveillance (including Screening and Monitoring)
- Compliance Risk Assessment
- Regulatory Liaison
How to Apply:
All candidates who wish to join Standard Chartered Bank should apply online at the link below.
Deadline: 16th June 2023