Associate, Fcc - Jersey, United Kingdom - Standard Chartered

Standard Chartered

Verified Company

Jersey, United Kingdom

3 weeks ago

Posted by:

Tom O´Connor

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Description

Job:
Compliance

Primary Location:
Europe & Americas-Jersey-Jersey

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 11/May/2023, 3:15:06 AM

Unposting Date: 25/May/2023, 5:59:00 PM

Role Responsibilities
A Jersey-based role managing Jersey Transaction Monitoring, Name and Transaction screening Cases, within the FCC team.

To support management in ensuring that Financial Crime Compliance in Jersey operates in accordance with all legal and regulatory requirements, and all Group standards relating to anti-money laundering and sanctions.

The role holder will undertake investigations relating to financial crime activity

Strategy

Support the vision, strategy, direction, and leadership of Country Head, Jersey FCC team; consistent with Country Head, CFCC's vision and strategy for the CFCC function and in support of the Bank's strategic direction and growth aspirations.
To support the Bank's Financial Crime Compliance function (FCC) in ensuring that the Bank operates in accordance with all legal and regulatory requirements and all Group standards relating to antimoney laundering and counter terrorism financing (AML).
To manage and conduct investigations that detect and report suspicious activity to governmental authorities and enable the Bank to form sound judgments concerning reputational and other risks and meet expectations of regulators and other compliance stakeholders.
To support the promotion of the business, culture and practice of FCC within the letter and spirit of the law and in accordance with Group standards.
To drive proactive and intelligenceled major and significant investigations providing true insight into FCC risk in Jersey.

Risk Management

Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management
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.
Analyse significant financial crime risk events (e.g. SAR's, noncompliant transactions, production orders) to ensure that all connected parties, particularly crossborder are identified and reported at the appropriate levels internally as well as externally across all relevant jurisdictions.
Identify intelligence for typology studies and risk mitigation plans.
Map risks, quantify the potential impact and escalate where necessary.
Advise relevant stakeholders on outcomes of AML and CTF risks identification and assessment methodologies.
Assisting in the provision of intelligence (to internal forums) on specific clients, clienttypes and emerging risk typologies.
Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
Assist with liaising with the Country and Group FCC colleagues/project teams during system implementation and enhancement.
Identify financial crime risk indicators through various internal/external sources that impact SCB and its clients.
Provide investigative expertise to support management of Significant Regulatory/Legalcases.
Assist with Internal/ External Audit and Country Operational Risk (for audit and reviews)

Business

Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
Build and maintain effective and constructive relationships with all key regulatory, business and functional stakeholders that is based on trust, capability and integrity.
Providing timely, responsive and quality regulatory compliance advice and guidance to enable the business and functions to meet/ achieve their strategic and tactical objectives.

Processes

Follow and comply with AML/CTF/CDD/Sanctions policies and procedures where applicable to BAU activities.
Support in creating/recommending Fraud and ABC Policies/processes.
Provide advice to relevant stakeholders on compliance with Group standards relating to AML.
Wherever applicable ensure external SAR reports are properly prepared and filed with the applicable law enforcers as per local regulation requirements.
Keep proper records and registers for all AML and CTF investigations.
Respond promptly to any regulatory requests relating to AML and CTF.
Follow and comply with AML/CTF/CDD/Sanctions policies and procedures where applicable to business as usual (BAU) activities.
Ensure any inve