Associate Director, FCC, Egypt

Job : Compliance
Primary Location : Africa & Middle East-Egypt-Cairo
Schedule : Full-time
Employee Status : Permanent
Posting Date : ‎02/Jun/‎2022, ‎5:38:‎22 AM
Unposting Date : ‎16/Jun/‎2022, ‎5:59:‎00 PM

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 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.
* Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Role Responsibilities
Strategy
* Support Country Head of CFCC to:
* Input to Country operating model design of relevant FCC and business processes.
* Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary FCC.
* Support in implementing the vision, strategy, direction and leadership for the Country, consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.
* Ensure to senior management that Standard Chartered Bank's operations in Egypt are in line with regulatory expectations and Group requirements.
* * Implement the vision, strategy, direction and leadership for the country consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations
Business
* Analyse comprehensive impact of financial crime related regulatory matters on the relevants business area and its operations.
* 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.
* Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.
* Ensure that risk frameworks and associated standards are effectively communicated and understood by process owners.
* Ensure that key changes to laws, rules, regulations are communicated and cascaded in Country in coordination with Group communications
Processes
* Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
* Support the Process Owner for FCC-owned (sub-) processes under the Group's Risk Management Framework, including implementation and roll-out of relevant processes and DOIs.
* Provide advice to relevant stakeholders on compliance with Group standards relating to financial crime risks
* Set control standards and provide advice on the development of appropriate controls for the mitigation of regulatory risks.
* Document and maintain all core documents, including policies/processes/DoI's
* Act under delegated authority to make client specific risk decisions.
* Act as the principal point of contact for Country FCC.
* Engage with Country CFCC Advisory team, Country CFCC team and Country FCC team to ensure that FCC risks are effectively managed in the Businesses in line with the risk frameworks.
* Manage various projects/initiatives as directed by the Country Head of CFCC.
People and Talent
* Support Head of CFCC in providing leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.
* 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.
* Collaborate with training teams to input to training curriculum to support closing of capability gaps.
* Support Head of CFCC to ensure that FCC Team is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.
* Support Head of CFCC to ensure staff in FCC team have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.
Risk Management
* Understand technical aspects of systems relevant to Name and Transaction Screening, AML Monitoring and Case Management.
* Ensure that all the Post Investigation actions are completed accurately and within defined TAT.
* Ensure accurate and timely responses to the regulators and the associated actions.
* 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.
* Support Head of FCC in the application of risk management frameworks (e.g. ORF, GRA).
* Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
* Analyse significant financial crime risk events (e.g. SAR's, non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally as well as externally across all relevant jurisdictions.
* Support relevant stakeholders on outcomes of AML/Sanctions risks identification and assessment methodologies.
* 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.
* Maintain oversight of risk mitigating action plans.
* Ensure the suitability and quality of case data maintained on enterprise case management systems.
Governance
* Support senior oversight of FCC Egypt.
* Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
* Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
* Propose control improvements, enhancements and simplifications where appropriate.
* Support all control checks undertaken by FCC 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 FCC 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.
* Support the Country Head of CFCC to achieve the outcomes set out in the Bank's Conduct Principles.
* Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
* Country Head of CFCC
* Country CFCC Team
* Country Audit
* Country Operational Risk teams
* Regional & Cluster CFCC Team
* Business Segments
* Financial Crime Surveillance Operations (FCSO)
* Relevant regulators and law enforcement agencies; CBE & EMCLU.
Other Responsibilities
* Any other reasonable tasks assigned by the Head of CFCC.
Our Ideal Candidate
* An FCC related qualification is desirable - such as ACAMS, ICA or CFE.
Visit our careers website www.sc.com/careers