Associate Director - Financial Crime Compliance Controls - ACT

Job Summary

Associate Director - Financial Crime Compliance Controls - ACT ensures that there is adequate support i.e people, processes, tools, frameworks & systems in the Pakistan for necessary Financial Crime Compliance controls.

Key Responsibilities

• Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Pakistan for necessary Financial Crime Compliance Control.
• Set and implement the vision, strategy, direction and leadership for the Pakistan, consistent with the vision and strategy for Financial Crime Compliance and in support of the Group’s strategic direction and growth aspirations.
• Ensure that key changes (to laws, rules, regulations) are communicated and cascaded in coordination with group communications.
• 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 Financial Crime Compliance.
• Support resolution of competing requirements between regulations, for example between Anti Money Laundering regulations and data privacy/bank secrecy or information security regulations.
• Providing governance and oversight over the implementation of Financial Crime Compliance-related policies and procedures in Pakistan to ensure compliance with such policies and procedures.
• Provide advice to relevant stakeholders on compliance with Group standards relating to Financial Crime Compliance.
• Act as (second line) Risk Control Owner under the Group’s Risk Management Framework for those aspects of Regulatory Compliance relating to Financial Crime Compliance and escalate issues as appropriate.
• Perform investigation on all cases referred to the Act queue for Transaction Monitoring and identify cases which present material financial crime risk.
• Ensure staff in Financial Crime Compliance Controls have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.
• Understand technical aspects of systems relevant to Customer Due Diligence, Client Risk Assessments, Name and Transaction Screening, Anti Money Laundering Monitoring and Case Management.
• Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
• Establish and maintain watch lists used for customer and transaction screening and various other due diligence and investigative purposes.
• Apply Group and Financial Crime Compliance policies and processes to manage risks.
• Inform senior management and relevant regulators of serious regulatory breaches and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Advise relevant stakeholders on outcomes of Financial Crime Compliance risks identification and assessment methodologies.
• Partner with legal counsels for advice on technical matters.
• Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
• Provide intelligence on specific clients, client-types and emerging risk typologies.
• Provide intelligence inputs to support calibration of bank’s Risk Methodologies.
• Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.
• Propose control improvements, enhancements and simplifications where appropriate.
• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
  
  

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together We

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  
  

What We Offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.