Analyst - Self-Supervisory Unit

Job : Compliance
Primary Location : Africa & Middle East-Saudi Arabia-Riyadh
Schedule : Full-time
Employee Status : Permanent
Posting Date : ‎13/Apr/‎2023, ‎7:30:‎15 AM
Unposting Date : ‎24/Apr/‎2023, ‎5:59:‎00 PM

Roles and Responsibility
PURPOSE OF THE JOB : Compliance with SAMA requirements on combating
terrorism financing and supervision of the performance on tasks of Self
Supervisory Unit
Strategy
* Support the implementation of the FCC strategy in country by escalating appropriate FCC and AML issues.
Business
* 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.
Processes
* Develop, keep up-to-date with the changes in external and internal regulations including appropriate policies, processes and DOIs to address financial crime risks.
* Ensuring compliance with Saudi Arabia governance processes and FCC-related policies and procedures in Saudi Arabia.
* Provide advice to relevant stakeholders (including escalation to line managers and senior leadership) on compliance with Group standards relating to AML.
* Responsibility for processing SSU investigations end to end, from initial referral through to the outcome of the case.
* Processing and concluding cases allocated in a timely manner within agreed TATs where possible.
* Responding and entering SAMA requests and inquiries through SAMANet systems from the SSU unit.
* Recording and ensuring that the screening against the sanctions lists of the names contained in the inquiries / requests is carried out in an appropriate and timely manner.
* Preparation and submission of SSU reports and ensure of compliance with the SAMA's instructions and timeframe.
* Representing the bank as an alternate representative in the meetings of the Central Bank's Self-Control Committee and ensuring compliance with the committee's decisions.
* Performance, and challenges. Follow up with United Nation resolutions and local regulations regarding counter financing terrorism and update the internal policies and procedures accordingly.
People & Talent
* Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
* Ensure forward planning, prioritisation, deadline management ,and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
* Support the training and development of new analysts in the team by providing on the job support.
Risk Management
* Support the day to day management of Transaction Surveillance and Ad Hoc AML Investigation activity for the Saudi Arabia by developing and deploying sound analytical skills to produce balanced judgements in relation to AML and financial crime risk.
* Produce high quality investigations resulting in good quality SARs provided to the CMLCO for review.
* Ensure the suitability and quality of case data maintained on enterprise case management systems and internal logs (Investigation tracker, Watch Lists, SAR log and LCM log as appropriate).
* Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
* Utilising existing data analytic tools/techniques/and systems to optimise the quality of casework including all available systems for Saudi Arabia (EBBS, EOPs, Accuity).
* Identify and highlight any compliance gaps in existing controls or relevant systems.
* Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
* Assess risks arising from products / segments / geographies / customers / transactions.
* Identify and escalate any potential risks AML/ and other financial crime risks to the relevant stakeholders.
* Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the SSU Saudi Arabia Controls Team.
Governance
* Propose control improvements, enhancements and simplifications where appropriate.
* Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and support in the remediation action within the FCC Saudi Arabia function.
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 [Saudi Arabia / CFCC / SSU team to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] *
* Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
* Saudi Arabia FCC, Business Advisory and Compliance teams
* Saudi Arabia and Regional Sanctions teams
* Regional FCC Controls team
* Direct manager and Countersigning Manager
Our Ideal Candidate
* Relevant qualifications such as ACAMs and FCC training academy.
Role Specific Technical Competencies
* Attention to detail.
* Attention to the big picture.
* Ability to apply rules to real-life facts.
* Risk assessment capabilities.
* Communication skills written and spoken both language (Arabic, English)
* Understanding of the relevant laws, regulations and practices pertaining to Saudi Central Bank.
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For
more than ‎160 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
* Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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, parental/maternity (‎20 weeks), sabbatical (‎12 weeks 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.
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has progressed to an important stage of our recruitment process.
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