Fcc Risk Specialist Jobs

Role Responsibilities

The role of the FC Risk Specialist is to support the Country Head of FC in the execution of their accountabilities where scale/complexity of business &/or work volume indicate need for supplementary resourcing

Responsibilities*

Strategy*

• Contribute to setting and implementing the vision, strategy, direction and leadership for SCB Indonesia, consistent with the vision and strategy for FC and in support of the Group’s strategic direction and growth aspirations.
• Act as Anto Fraud Champion in managing oversight & challenge for the implementation of Anti Fraud Program at country level, inclidning to comply with local regulation requirment
• Act as ABC Country Lead who serves as Country ABC Risk Owner Delegate responsible for the day to day management and oversight of Bribery and Corruption risk for SC Indonesia
• Provide support & input to Group/Region/Country/Client Business operating model design of relevant FCC and business processes.

Business*

• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Ensure that risk frameworks and associated standards are effectively communicated and understood by process owners.
• Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.
• Support FCC Socialization program
• Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FC. providing timely, responsive and quality FC regulatory compliance guidance.

Processes*

• Actively participate in any FCC Project/ Change Management process as required by FCC Head
• Equip Country CFCC Advisory Heads & Country CFCC Governance Head with the necessary FC skills and knowledge, and escalation points within FC, to discharge their delegated authority for FC risks.
• Develop, keep up to date and recommend for approval by the relevant Risk Committee or CEO / Commissioner appropriate Country’s policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
• Oversee the assessment of all FCC risks identified in Business and Function (including FC-owned) processes. Providing challenge where activities are outside risk tolerance/ appetite, escalating as necessary until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance/ appetite
• Act as the principal point of contact for Country CFCC Advisory and responsible to join up the FC-function so that effective outcomes are realized in first line processes requiring fewer touch points between FC and the first line.
• Conduct Gap Analysis between Group FCC related Policy and Standarad vs locla regulation followed by establishment of Country Adendum or Dispensation as necessary
• Engage with Country CFCC Advisory Heads & Country CFCC Governance Head to ensure that FC risks are effectively managed in the Businesses in line with the risk frameworks.
• Provide specialist expertise to Country CFCC Advisory by drawing on resources under direct control and leveraging the wider FC function.
• Working in close partnership with CFCC Business Advisory Teams and Governance Team in order to :
• Provide oversight over the implementation of FC-related policies and procedures in country to ensure compliance with such policies and procedures.
• Provide advice (typically via CFCC Advisory) to relevant stakeholders on compliance with Group standards and country regulations relating FCC risks
• Document and maintain all core documents, including policies/processes/DOIs
• Ensure that where risks are outside appetite the root cause is determined and addressed.
• Act under delegated authority to make client specific risk decisions.

People & Talent *

• Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm, including establishing FCC Training or Awareness Program
• Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Provide input at business, function, country and individual level as appropriate, on compliance matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).

Risk Management*

• Make recommendations (and/or implement) to relevant stakeholders (typically via CFCC Advisory) on possible risk management responses to identified risks and/or findings of concerns from investigations.
• Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.
• Advise relevant stakeholders on outcomes of FC risks identification and assessment methodologies.
• Assess risks arising from products / segments / geographies / customers / transactions.
• Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management, Group Risk Asessment (GRA)
• Provide advice (typically via CFCC Advisory) on the application of risk management frameworks (e.g. ORF, GRA).
• 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.
• Apply Group and FC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.

Governance *

• 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
• 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.
• Overseeing the implementation of CFCRC risk committee run by CFCC Governance Team, including to support and propose CFCRC risk paper to FCC Head as RFO.
• Periodic reporting and timely escalation of significant risks and issues arising from FCC Monitoring and Assurance activities.
• Co-ordinate/support the management of audits/exams, inclduing regulatory audit
• Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
• Support senior oversight of FCC Risk implementation in country.
• Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).

Regulatory & Business Conduct *

• Supporting FCC Head in managing regulatory relationships management activities as required.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Assisting FCC Head in leading SC Indonesia team to achieve the outcomes set out in the Bank’s Conduct Principles Financial Crime Compliance]*
• 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.
• Display exemplary conduct and live by the Group’s Values and Code of Conduct
• Conduct Oversight on the fulfilment of FCC Local Regulatory Reporting to OJK by CFCC Governance Team , such as Fraud Reporting and CDD Data Updating
• Supporting FCC Head in FCC related industry forum activities as required.

Key stakeholders*

• Country Management Team
• Country, Regional and Group CFCC
• CFCRC, CRC, RMC
• PPATK
• Country Functions Team including Country FCSO
• Law Enforcement Bodies (KPK, POLRI, Attorney General Office)
• OJK/BI
• Country, Regional and Group CCIB & CPBB Business Team

Qualifications*

Training, licenses, memberships and certifications

• Risk Management Level 3
• ABC Country Lead Certification
• CAMS
• FCC Academy Certifications

Our Ideal Candidate

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

Manage People

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.

Visit our careers website www.sc.com/careers

Job: Governance, Risk Management & Compliance
Primary Location: Asia-Indonesia-Jakarta
Schedule: Full-time
Employee Status: Permanent
Posting Date: 18/Jul/2023, 8:31:13 AM
Unposting Date: Ongoing