Senior Advisor, Financial Crime Risk (1-year contract) recruitment

Job Description

This role is offered on a one year contract basis in support of ongoing work to enhance Financial Crime Risk (FCR) compliance advice in the region and across Wholesale Banking (WB).

It consists of two parts, with coverage expected to be split 50:50 between regional AML advisory work for South and South East Asia, and compliance assurance work for the Central WBFCR team. The balance of work may fluctuate based on demand.

The Advisor provides advice on AML and sanctions risks related to all WB clients in the region subject to Enhanced Due Diligence under the WB customer due diligence (CDD) policy, including PEP and sanction affected entities, at customer acceptance and periodic customer review.

The Advisor supports the Central WBFCR team in managing CDD assurance work executed through a CDD Testing Unit in Chennai, India, and ensuring that the output feeds back into first and second line controls across the Bank globally. The Advisor may also be required to undertake other assurance, training or advisory projects in support of the Central WB FCR team.

Key Roles Responsibilities

The role holder supports the FCR management framework in WB, to be delivered through:
* advice on CDD policy
* advice and escalation of higher risk relationships
* testing compliance with policy

In support of this framework, the role holder must contribute to:
* assessing risks arising from specific clients and managing those risks in the interests of the Bank;
* working with country compliance teams to ensure that the CDD procedures remain up-to-date and in compliance with laws and regulations in relevant countries;
* the training of teams in the WB business that are responsible for CDD in the first line and establishing a feedback loop to support continuous improvement;
* advising on the Bank's sanctions risk management framework as it applies to client relationships;
* ongoing testing of compliance with the CDD procedures;
* oversight and design of ongoing testing of compliance with the CDD procedures.

Leadership and management
* Supports efforts to position the Bank as an industry leader in the eyes of regulators and industry stakeholders.
* Works with country and Group resources to deliver advisory and testing objectives, including 'virtual team' members within the region.

Knowledge development and information management
* Offers subject matter expertise, drawing on FCR networks, professional qualifications and experience.
* Ensures effective escalation within the Bank.

Partnership
* WB Legal and Compliance network
* Financial Crime Risk network and Operations
* Regional WB Management
* Regional Heads of FCR
* FCR Operations
* WB Operational Risk
* WB Audit
* Regulators
* Peers in other banks.

DIMENSIONS:
The Advisor will have the authority under Group procedures to instruct the business / functions to take action, including in relation to:
* The approval of a new client relationship;
* Additional risk mitigants;
* Enhancements required in first line controls;
* The review of an existing client relationship;
* Rectification.

The Advisor will have the authority to direct compliance testing activities for a three person team in Chennai reporting to the WBFCR Central Team.

Qualifications Skills

The Advisor ideally has experience in one or more of:
* AML advisory,
* AML surveillance,
* Enhanced due diligence services

gained in a bank, leading regulator or a professional services firm.

Relevant skill sets include:

Specialist Financial Crime Risk Management
* Identifies risk areas and develops solutions in specific area of FCR responsibility.
* Effectively implements and controls defined aspects of FCR processes and procedures.
* Offers subject matter expertise, drawing on FCR networks, professional qualifications and experience.

Financial Crime Risk Governance and Assurance
* Tests FCR Compliance.
* Informs and escalates issues as necessary.
* Identifies where local law and regulation require dispensation from FCR procedures.

Promotes awareness of Financial Crime Risk and Prevention
* Prepares draft awareness initiatives.
* Provides examples of failure and lessons learned.
* Provides examples for awareness presentations.

Continuous Improvement
* Identifies process improvements in FCR processes

Work Management
* Prioritises and schedules own work to meet the peaks and troughs in business demand.
* Communicates own work plan issues and escalates potential 'bottle-necks' to their manager.

Closing Dates

The closing date for applications is 01/03/2012. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.

Diversity Inclusion

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.