Director, Financial Control Risk Specialist

Standard Chartered
Full time Full day

Job: Governance, Risk Management & Compliance

Primary Location: Africa & Middle East-Pakistan-Karachi

Schedule: Full-time

Employee Status: Permanent

Posting Date: 02/Feb/2024, 1:35:20 AM

Unposting Date: 16/Feb/2024, 5:59:00 PM



  • Analyse comprehensive impact of financial crime related regulatory matters on the relevant business area and its operations.

  • 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.

  • Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.

  • Ensure that risk frameworks and associated standards are effectively communicated and understood by process owners.


  • Providing governance and oversight over the implementation of FCC-related policies and procedures in country to ensure compliance with such policies and procedures.

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

  • Act as (second line) Risk Control Owner under the Group's Risk Management Framework for those aspects of Regulatory Compliance relating to FCC risks and escalate issues as appropriate.

  • Act as the delegated Risk Framework Owner under the Enterprise Risk Management Framework for AML

  • Oversee the assessment of all AML risks identified in Business and Function (including FCC-owned) processes.

  • Ensure that where risks are outside appetite the root cause is determined and addressed.

  • Act under delegated authority to make client specific risk decisions.

  • Act as the principal point of contact for Country CFCC Advisory and responsible to join up the FCC-function so that effective outcomes are realized in first line processes requiring fewer touch points between FCC and the first line.

  • Equip Country CFCC Advisory Heads & Country CFCC Governance Head with the necessary FCC skills and knowledge, and escalation points within FCC, to discharge their delegated authority for FC risks.

  • Engage with Country CFCC Advisory Heads & Country CFCC Governance Head to ensure that FCC risks are effectively managed in the Businesses in line with the risk frameworks.

  • Provide specialist expertise to Country CFCC Advisory by drawing on resources under direct control and leveraging the wider FCC function.

People and Talent

  • Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.

  • Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.

  • Stimulate an environment where forward planning, prioritization, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.

  • Provide input at business, function, country and individual level as appropriate, on compliance matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).

  • Ensure Country is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.

  • Ensure staff in Country have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.

Risk Management

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

  • Provide advice on the application of risk management frameworks (e.g. ORF, GRA).

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

  • Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.

  • Assess risks arising from products / segments / geographies / customers / transactions.

  • Inform 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.

  • Anticipate horizon risks in the area of financial crime that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.

  • Advise relevant stakeholders on outcomes of FCC risks identification and assessment methodologies.

  • Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.

ABC Lead:

  • Communicate ABC messages periodically to staff in country, and serve as an ABC contact point for in-country teams, promoting the ABC Programme and Championing the Bank's zero tolerance approach to Bribery and Corruption

  • Provide ABC Training,

  • Review of ABC Management Information reports and to timely report to Country Financial Crime Risk Committee or the relevant governance forum,

  • Oversee timely completion of the country-level ABC Global Risk Assessment process and assess Residual Risk for ABC at Country level within applicable processes and timeframes

  • Execute advisory responsibilities as per the ABC control framework and oversee escalations and remediation activity,

  • Ensure the accuracy and completeness of the country Intermediaries listed on the central register, through consultation with Country Function and Business stakeholders, and validation with the Country CEO on a periodic basis,

  • Oversee ABC related country-level audits and assurance reviews,

  • Hold regular meetings with key ABC stakeholders in country

  • Be knowledgeable and aware of ABC trends in country

  • Review/analyse and approve/reject Intermediary Screening requests received from across bank while ensuring it covers the ABC Risk.

  • Review request from across bank and give approval/opinion from ABC context.

  • Any other responsibilities required of the ABC Policy and Standard.


  • Support senior oversight of FCC country.

  • 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.

  • Provide leadership to the FCC network as part of the Group senior FCC management team.

  • Engage effectively with senior members of the Business and COO functions where needed.

  • Lead or influence significant programmes of work in the Group in support of the Group's financial crime compliance objectives, for example major capability upgrades or remediation activities.

Key Stakeholders

  • Country CFCC Head

  • Country Head of FCC

  • Head, CPBB CFCC Advisor

  • Head, CCIB CFCC Advisory

  • FCC Governance

  • Business Units (CPBB & CCIB)

  • Other Units.

Other Responsibilities

  • Embed Here for good and Group’s brand and values in FCC Pakistan

  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

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