Senior Manager, FCC Assurance

  • Company:
    Standard Chartered Bank Ltd
  • Location:
  • Salary:
    negotiable / month
  • Job type:
    Full-Time
  • Posted:
    3 weeks ago
  • Category:
    Banking

Skill: external reporting , internal audit , audit , legal , financing , profit , ca , reporting , filing , finance; Exp: 3-5 years; Senior Manager, FCC Assurance – ( 1800024271 ) Job Compliance Primary Location ASEAN & South Asia-India-Bangalore 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. It’s 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. We’re 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 Purpose The Continuous Assurance program administers a regimen of end-to-end tests on core FCC processes in order to identify Root Causes impacting the effectiveness and sustainability of FCCs control environment thereby providing a high degree of assurance to Risk Owners and regulatory authorities alike that FCC controls receive rigorous oversight and can reliably manage SCs financial crime risk footprint. The AML Continuous Assurance Analyst supports the Financial Crime Compliance (FCC) program by ensuring adherence to all legal and regulatory requirements and all Group standards relating to Anti-Money Laundering (AML), International Sanctions, Terrorist Financing, Anti-Bribery and Corruption (ABC), and the Group Operational Risk Framework (ORF). The role is responsible for supporting the Continuous Assurance (CA) program in order to meet the expectations of regulators and compliance stakeholders by providing continuous testing of core first line processes. Strategy Understand and support the execution of CA strategy in accordance with the CA Methodology and AML CA DOI and relevant addendum in day to day operations. Business Purpose The Continuous Assurance program administers a regimen of end-to-end tests on core FCC processes in order to identify Root Causes impacting the effectiveness and sustainability of FCCs control environment thereby providing a high degree of assurance to Risk Owners and regulatory authorities alike that FCC controls receive rigorous oversight and can reliably manage SCs financial crime risk footprint. The AML Continuous Assurance Analyst supports the Financial Crime Compliance (FCC) program by ensuring adherence to all legal and regulatory requirements and all Group standards relating to Anti-Money Laundering (AML), International Sanctions, Terrorist Financing, Anti-Bribery and Corruption (ABC), and the Group Operational Risk Framework (ORF). The role is responsible for supporting the Continuous Assurance (CA) program in order to meet the expectations of regulators and compliance stakeholders by providing continuous testing of core first line processes. Strategy Understand and support the execution of CA strategy in accordance with the CA Methodology and AML CA DOI and relevant addendum in day to day operations. Business Support the Continuous Assurance Manager AML in implementing and administering an industry-standard AML CA program. Support CA Manager by informing policy decisions. When required, meet with the regulators/Monitor(s) and meet deadlines set by specific inquiries. Ensure that key changes (to laws, rules, regulations, and Group Policy) are well understood. Processes Responsible for executing testing of core FCC processes in order to provide assurance to risk control owners and regulators that the AML control environment is operating at a satisfactory level of effectiveness. Perform duties of Senior Reviewer or Reviewer (designated as such by the CA Manager) as mentioned in the CA Methodology and at the direction of the CA Manager. Evaluate effectiveness of the AML program in mitigating SCs residual risk footprint through an assessment of first line FCC controls with a specific focus on Transaction Monitoring Controls administered by GBSs Financial Crime Surveillance Unit and FCC Regional Controls teams. For risk events assessed, determine whether deficiencies exist in risk event outcomes, application/design of controls, quality of personnel, and management of process. In the event that deficiencies are identified in risk events reviewed or if CA identifies a rework perform a root cause analysis with corrective actions recommended. In the event that internal or external reporting is necessary, ensure parties and activity connected to the suspicious activity have been identified and reported. Monitor completion of corrective actions assigned to risk events and escalate control deficiencies identified. Ensure timely follow-up of corrective actions by process owners. Perform targeted reviews in line with CA sampling/review methodology. Assist in maintaining and updating CA policies, procedures, and program infrastructure. Assist in driving best practices and administering training to the CA team. Proactively manage time and prioritize tasks to meet testing goals and regulatory requests. Provide data, documentation, and/or walkthroughs requested by Monitor(s), regulators, and Internal Audit. Risk Management Ensure a thorough understanding of the risk and control environment in area of responsibility. Understand end user functionality of transaction monitoring, SAR Reporting, and other support systems. Identify, assess, monitor, control and mitigate risks to the firm. Escalate risks as required. Governance Propose control improvements, enhancements and/or highlight opportunities for increased efficiency, where appropriate. Assist in drafting of CA reporting. Track significant Transaction Monitoring and/or Investigations related concerns arising from FCC metrics, Assurance activities, audit reviews and regulatory inspections. Deliver effective governance; challenge fellow executives effectively; and work with any local regulators in an open and cooperative manner. Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role. Regulatory & Business conduct Display exemplary conduct and live by the Groups 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. Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Key Stakeholders Support the close interaction between 1st line stakeholders and CA. Support the close interaction between Operational Risk and CA. Support the close interaction between Continuous Assurance and Thematic Assurance.

Chartered Accountant/CPA

Degree: CA (Chartered Accountant)

Experience: 3-5

Function: Accounting / Tax / Company Secretary / Audit