Manager

Manager FCSO

Job ID: 10313
Location: Kathmandu, NP
Area of interest: Operations
Job type: Regular Employee
Work style: Office Working

Job Summary

To investigate risk events / cases:

•  Escalated by Financial Crime Surveillance Unit (FCSO-AA) teams (arising from Transaction Monitoring, Trade AML &/or Name Screening);
• Other escalations as per procedures / DOI; and
•  Any other matter as directed by Manager/Country Head FCSO

for identifying suspicious transactions / activities, in compliance with Group policy and procedures, laws and regulations in Nepal on AML/CFT.

RESPONSIBILITIES

To support Manager/Country Head FCSO to lead and manage the Nepal Financial Crime Surveillance Operations (FCSO) Team, including but not limited to

• Providing guidance and training to Case Investigation Specialists and relevant value chain stakeholders (e.g., FCSO-AA, FCSO-QCO, and FCSO-NS).
•  Monitoring relevant metrics and lead requisite actions to intervene, where required.
•  Establishing and maintaining effective working relationship with relevant stakeholders including but not limited to Business Units, FCC and like.
•  Securing credible audit / review outcome for the unit.
• Ensuring timely reporting and escalation of significant risk issues to management; and
• Supporting initiatives to enhance relevant work processes for both effectiveness and efficiency purpose.

Key Responsibilities

Strategy

•  Input to Country operating model design of relevant FC Framework and business processes.
• Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary Surveillance Operations.
• Implement the vision, strategy, and direction for the Country FC, consistent with the vision and strategy for FCSO and in support of the Group’s strategic direction and growth aspirations
• Support the implementation of the FCSO strategy by escalating appropriate FCC and AML surveillance issues and executing activities in line with guidance documents, Group requirements and regulatory expectations.
• Day to day handling of casework and queue management for the Country FCSO team.
• Maintain an awareness and understanding of the bank’s business strategy and align the financial crime surveillance operations program.

Business

•  Analyse comprehensive impact of financial crime related regulatory /law enforcement matters on the relevant business area and operations.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
•  Perform duties such as Transaction Monitoring, Global Name Screening, List Management, KCSA/CST checks, Media Monitoring, Alert/Risk Event Investigation, Production Order management and investigation.
• Conduct BCP / DR testing as required.
• Ensure timely reporting and escalation of significant AML/CFT risk issues to Regional Cluster Head FCSO/Regional Head FCSO and/or Country Head Financial Crime Compliance.
• Support all control checks undertaken by FCSO under the Operational Risk (ORF).
• Ensure quality assurance is in place on transaction monitoring and customer name screening.

Skills and Experience

People & Talent

•  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, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.

Risk Management

• As applicable to activities managed under FCSO Controls
•  Maintain oversight of risk mitigating action plans.
•  Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name Screening, AML Monitoring and Case Management
•  Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
•  Provide feedback to FCC on detection scenarios that are developed and deployed are fit-for-purpose.
•  Apply Group and FCSO 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.
•  Provide intelligence inputs to support calibration of bank’s Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
•  Ensure that the relevant lists and database as used by the screening systems are up to date.
• Review and assess existing system and controls relevant to FCSO to ascertain operational performance effectiveness.
•  Ensure the suitability and quality of case data maintained in various internal trackers including the RFI tracker, TM and NS case logs and relevant List Management logs.

Governance

•  Attend relevant meetings.
• Support senior oversight of FCSO country.
•  Act as a lead to provide inputs to CFCC Governance Team for CFCRC meetings
•  Ensure tracking and remediation of surveillance and investigations related regulatory findings.
•  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.
•  Propose control improvements, enhancements and simplifications where appropriate.
• Support all control checks undertaken by FCSO under the Operational Risk Framework (ORF).
• Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
•  Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCSO function.
• Lead or influence significant programmes of work in support of the financial crime compliance objectives.

Qualifications

• Academic or Professional Education/Qualifications: As per Bank’s requirements and HR policy
• Clear knowledge of internal operating procedures of RB S&T Unit.
• Very Good knowledge of eBBS, Cards 400, RLS, eCDD, iCDD and other surround systems being used by the unit.
• Sound knowledge of Group’s Anti Money Laundering Policy
• Good team players with good communication, interpersonal skills and problem-solving skills.
• Ability to work with nil or bare minimum supervision.
• Preference will be given to the candidates with work experience in Financial Crime Risk management and professional certification such as ACAMS.
• Master’s degree
• Compliance Policies and Standards
• Compliance Advisory
• Compliance Review and FCC Assurance
• Surveillance (including Screening and Monitoring)
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison
• Manage Change
• Manage Projects
• Manage Conduct

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.