About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities & Our Ideal Candidate
Support the Head of Correspondent Banking and CIB FCC EA in implementing the vision, strategy, direction and leadership for the FCC Correspondent Banking Program in ASA, consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.
Work closely with First Line stakeholders to identify, investigate, manage and/or remediate financial crime risks originating from and/or impacting SC's Correspondent Banking business in ASA.
Provide ongoing financial crime risk training and advisory support, as needed, to First Line country / regional teams on the FCC Correspondent Banking Program to ensure awareness of internal controls, policies and procedures and regulatory expectations.
Ensure effective implementation of FCC Correspondent Banking Program and Regional Correspondent Banking DOI in the ASA region.
Ongoing oversight of financial crime risk controls in Correspondent Banking to determine their adequacy and propose appropriate enhancements to existing controls, and any new controls being developed, to align with industry best practices and regulatory expectations.
People and Talent
Ensure FCC Correspondent Banking ASA is adequately resourced with competent staff able to perform duties in accordance with internal policies and values; supporting sustainable business growth by addressing financial crime risks.
Responsible for the leadership, management and coaching of direct reports to ensure they are highly engaged and performing at the required standard.
Responsible for promoting and embedding a culture of openness, trust and risk awareness consistent with internal policy, industry standard, best practice and SCB's values.
Support and provide ad-hoc trainings and workshops specifically tailored for Correspondent Banking as and when appropriate.
Responsible for reducing the concentration of financial crime risk inherent in the Correspondent Banking portfolio in ASA through effective execution of SC's risk management principles including, but not limited to, leading correspondent banking investigative efforts, performing KRI reviews, client engagements, training and education, regulatory and law enforcement engagement and tracking of remediation plans.
Educate respondents on international best practices, industry guidelines as well as the Group's values and standards for financial crime through Correspondent Banking Academies, in overall support of SCB's "De-risking through Education" initiative.
Ongoing engagement with stakeholders to ensure effective client due diligence, escalations, product reviews and business feedback loops on FCC related matters
In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
Track significant issues arising from FCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
Track all ASA Correspondent Banking FCC risks to closure, ensuring appropriate risk mitigating actions are taken and updates / reports are produced to the relevant governance forums / committees in a timely and consistent manner.
Ensure appropriate escalation and representation of Correspondent Banking risk at ASA governance committees and other relevant leadership meetings and governance forums, such as ASA CBOG, FCRCs, BORFs, etc.
Attend and present regularly at the monthly Correspondent Banking FCC (CBFCC) Forum on the high-risk clients / issues pertaining to ASA.
Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
Drive and support projects within EA CIB and Correspondent Banking book of work as assigned by Global Head, Correspondent Banking and EA CIB FCC.
Collate, analyse and interpret data in reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC function.
Regulatory & Business Conduct
Lead the ASA FCC Correspondent Banking team to achieve the outcomes set out in the Bank's Conduct Principles.
Responsible for remaining up to date with and provide advice on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.
Ensure tracking and remediation of regulatory findings related to Correspondent Banking in the ASA region.
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.