Analyst - FCC Controls - 3395554

Standard Chartered Bank - UAE
  • Analyst - FCC Controls Jobs in UAE - 3395554

    Standard Chartered Bank - UAE
  • 1 - 10 Years
  • UAE
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3395554

Job Description



Strategy

* Support the implementation of the FCC Strategy by escalating appropriate FCC and AML issues and executing activities in line with Guidance documents

Business

* Develop thorough knowledge of bank products across all segments (ie retail, commercial, private, correspondent banking and trade) and the ability to execute end-to-end investigations across all segments, with guidance from G7 or line manager where necessary

* 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

Processes

* In line with AAA procedures, responsible for processing AML investigations end to end, from initial referral through to the outcome of the case (closure in ECMescalation to regulators)

* Processing and concluding cases allocated in a timely manner within agreed TATs whilst maintaining Quality ControlQuality Assurance results in line with Group and local expectations

* Timely initiation of follow up actions including heightened monitoring, CDD review and list additions

* Develop, keep up to date and recommend enhancement of appropriate policiesprocessesDOIs to address financial crime risks, aligning with relevant regulatory requirements

* Contribute to the governance and oversight of FCC-related policies and procedures in Region to ensure compliance with such policies and procedures

* Provide advice to relevant stakeholders on compliance with Group standards relating to FCC

People and 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 execution

Risk Management

* Support the day to day management of FCC Investigations activity for the UAE by developing and deploying sound analytical skills to produce balanced judgments in relation to financial crime risk

* Utilize existing data analytic tools, techniques and systems to optimize the quality of casework and ensure efficiency to include systems such as iCDD, eOPS, Accuity, etc

* Ensure the suitability and quality of case data maintained on ECM and various internal trackers including the RFI tracker and SAR log

* Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, Trade, AML Monitoring and Case Management

* Identify and highlight any compliance gaps in existing controls or relevant systems

* Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks

* Make recommendations (andor implement) to relevant stakeholders on possible risk management responses to identified risks andor findings of concerns from investigations

* Assess risks arising from products segments geographies customers transactions

* Provide intelligence inputs to support calibration of FCCs Risk Methodologies (including aggregate client risk, product risk and country risk assessments)

Governance

* Propose control improvements, enhancements and simplifications where appropriate

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

* Collate, analyse and interpret data in reports to senior management and relevant stakeholders

* Analyse 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 FCC function


REQUIREMENTS

* Relevant qualifications such as ACAMS and SCB FCC Academy



Profile Summary

Type:Company Job

Deadline:30th Nov 2024

Company Profile

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