Senior Specialist, Watchlist & Product Management

Job Description

*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. Its 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. Were 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 Strategy
• The SME of List Management process is to support in ensuring that the External and Internal List load execution is happening in accordance with all legal and regulatory requirements and all Group standards relating to Anti Money Laundering and Sanctions, so as to protect and enhance the reputation of the Bank with its regulators and avoid significant financial loss or reputational damage.
Business (Responsibilities related to the delivery of business and / or financial objectives)
• Assess and monitor the sanctions screening needs across the Group in line with Group FCR Standards, applicable laws and regulations and international best practices and make appropriate recommendations for the effective use of Group systems implementation strategy. This is achieved by making recommendations for system / module scope and implementation priorities to the Group Head of FCR Systems and Monitoring/ Group AML Program and / or the Group AML Committee.
• Ensure that systems are up to date and operating effectively. This responsibility covers Detica as well as FMM databases such as World Check, Accuity, SIX, KHARON, Dow Jones and VERITAS.
• Support and effectively execute outlined Operational Risk Controls in the stipulated frequency and ensure they are evidenced appropriately.
• Facilitate for Sanctions Filtering user groups sub committees of the Group AML Committee to assist with issues such as obtaining consensus over strategy, policy, systems scope and priority.
• Provide advice, support and input to the Group AML Program to ensure that ongoing future implementations of systems and associated procedures are in accordance with the Group FCR Strategy, Standards, Policy, applicable laws and regulations and international best practices.
• Ensure that appropriate internal resources, systems, procedures and controls are in place and are operating effectively.
• Ensure timely reporting and escalation of significant issues to management.
• Provide reports to Head of Screening Product and Watchlist Management and other Senior Managers on the status of monitoring systems, key risks and emerging issues.
• Represent the List Management on sanctions monitoring issues through appropriate relationships (where applicable) with relevant Vendors / user Groups. Maintain or coordinate with the relevant operations unit to ensure that the relevant lists and database used in the transaction monitoring, Sanctions secrecy and Detica are up to date and promptly notify the relevant units of the change where appropriate.
• Coordinate IT initiatives and managing database and systems used by the unit to ensure operational issues are promptly addressed.
• Compliance with all applicable Rules/Regulations of Company and Group Policies.
• Communicates at Senior Management levels across the Group, particularly in relation to countries supported by the FCR team in Chennai. External relationships at senior level e.g. Vendors,
• Stakeholders Relations
• Represent the Group on transaction screening issues through appropriate relationships (where applicable) with key regulators, relevant industry and vendor / user Groups
Processes (Processes for which the role is responsible under the ORF as 1st & 2nd line; for executing / completing, and for supervising)
• Develop, structured reporting to identify risk issues and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
Risk Management (Responsibilities Under Risk Management Framework execution)
• Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, and Case Management
• Review and assess existing system and controls relevant to FCC to ascertain operational performance and effectiveness.
• Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
• Ensure that the relevant lists and database as used by the screening systems are up to date.
• 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 and/or activities are ceased.
Governance
• Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
Regulatory & Business conduct
• 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.
• Lead the FCC List Management Team to achieve the outcomes set out in the Bank s Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
• Screening Product Management
• Group Sanctions Advisory
• Regional and Country FCC Heads
• PEP and Sensitive Client Unit
• SPOT
• Technology
• Operational Risk Controls Team
Other Responsibilities
• Embed Here for good and Group s brand and values in FCC
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate Required
• 4+ years of experience in Sanctions Compliance, AML / Transaction Surveillance
• Excellent stakeholder management skills
• Relevant knowledge in Sanctions Screening and Anti Money Laundering space with appropriate knowledge on relevant Laws and Regulations and the ability to interpret & apply them to actual situations.
• Excellent written and spoken communication skills
• Independent worker with strong presence as a team-player
• Professional, highly adept at problem-solving and conflict resolution
• Must demonstrate can do attitude
• Prior experience in Fircosoft tool preferred and experience on Detica or other screening infrastructure could be secondary.
• Prior experience / knowledge of SWIFT and other payment messaging protocols
Apply now to join the Bank for those with big career ambitions. To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.,

Keyskills :
active directoryuser groupsslawindowsenvironmentworld check