Associate Director - FCC Controls - 3395555

Standard Chartered Bank - UAE
  • Associate Director - FCC Controls Jobs in UAE - 3395555

    Standard Chartered Bank - UAE
  • 1 - 10 Years
  • UAE
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Job Description


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

* Set the strategy for casework and queue management for the FCC Controls Investigations team


* Leverage 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

* 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 management and oversight of AML Investigations work which may include TS, list management activities, credit card monitoring, post SAR controls and Intelligence Exchange

* Support complex investigations to include Group or Regional-level i3 cases

* 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 Ensuring the direct reports complete cases in a timely manner and to the appropriate quality standards

* Ensure timely initiation of follow up actions including heightened monitoring, CDD review, list additions and client exits

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

* Provide governance and oversight of FCC-related policies and procedures in UAE and from Groupto ensure compliance with such policies and procedures

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

* Monitor the performance of all direct reports and the wider team in meeting agreed TATs and Quality Control expectations and proactively identify any key trends that indicate a deterioiration in team performance Seek solutions to any issues identified that jepordize individual or team targets

* Perform reviews of reports completed by all direct reports as appropriate

* Day to day management and oversight of escalated DDUG cases in collaboration with regional FCC Trade

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 judgements in relation to financial crime risk

* Oversee the work of direct reports and the case dispositions recommended by them

* 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

* Ensure detection scenarios are fit-for-purpose, providing feedback where false positives or immediate emerging risks are identified

* 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)

* Review and assess existing systems access across direct reports to ensure team members have the necessary tools to achieve the demands of their role and do not have unneccesary access to any bank systems or data


* Looking for someone experienced in the same field

Profile Summary

Type:Company Job

Deadline:30th Nov 2024

Company Profile



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