This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
RESPONSIBILITIES
Strategy
- Providing a proactive, agile and adaptive Transacting Monitoring Solution that ensures the highest level of compliance in financial crime mitigation. To empower our teams to detect, prevent and proactive risk management using advanced data and analytics, safeguarding our clients and the bank.
Business
Drive the initiatives as a Product Owner to Design, Develop and deploy various solutions for Transaction Monitoring covering CASA, Trade Fraud and Trade AML, FM Third Party payments and FM AML etc and act as a Point of Contact for assigned AML Transaction Monitoring initiatives.Lead, mentor and manage the GBS teams ensuring alignment with FCSO TM goals and values. Strategically allocate resources to meet operational and project needs, ensuring technical skills are aligned with the deliverables.Support for analytical processes to enhance TM red flag monitoring especially detection scenarios and Optimising cases for investigation through AI / ML models and analytical processes.Improve processes such as threshold tuning, reconciliation, segmentation, optimisation etc. associated with the Transaction Monitoring function across products such as CASA, Trade, Credit Cards, Securities and Financial Markets.Support in design of different scenarios for ML detection, model development and validation including data quality validation, model effectiveness, rules logic for effective risk analytics.Design dashboards and presentations for the senior management and carryout Program management related activity within the Transaction Monitoring Solutions team.Processes
The role requires strategic thinking and technical expert with a strong background in financial crime detection and prevention, specifically using advanced analytical methodologies. This role require hands-on expertise to design, develop and deploy analytics / models to detect suspicious activities and financial crime. The ideal candidate will possess leadership and technical expertise, a strategic mindset for enhancing Transaction Monitoring effectiveness, and good familiarity with the compliance regulations in financial sector.
The role holder is accountable for ensuring a strong connection between the teams and key stakeholders, communication both the technical and operational updates.Knowledge of core banking, payment, CDD, securities and other systems and interplay / linkages between them. Understand business domain aspects relevant to AML Monitoring (MANTAS, Quantexa) and Case Management (ECM).Able to conceptualize, design, support and align relevant processes and controls to industry best practice, and close out any compliance gaps.Mentoring and conducting training programs to bring the new joiners and team up to speed on new business requirements.Provide endorsement for changes or remediation activities impacting TM Solutions. Also engaging with relevant stakeholders for deploying the changes to productionMitigate risks by ensuring robust system configuration, process and monitoring standardsWork towards the collective objectives and scorecard of the business function published from time to time in the form of job and performance objectives for defined periodPeople and Talent
Provide coaching to peers and new hires 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.Foster a collaborative and inclusive team culture that emphasizes innovation, accountability and technical excellence.Risk Management
Apply Group and FCC policies and processes (AML monitoring) to manage risks.Apply risk and data analytic tools / techniques to optimise and tune relevant detection scenarios, and screening and monitoring optimisation solutions.Provide typology review coverage based on relevant segments / products and validate appropriate monitoring coverage which is fit-for-purpose.Liaise with Business / Segment stakeholders to understand the emanating risks and ensuring those are suitably addressed through the Monitoring coverage.Engage Advisory teams on Product Risk Assessment reviews, outlining transaction monitoring coverage against products and rationale for deviations.Ensure appropriate and valid agreements are in place for consumption of product and segment data for Transaction MonitoringMake recommendations (and support in implementation where required) to relevant stakeholders on possible risk mitigants to identified risks or areas of concerns from TM SolutionsProvide Transaction Monitoring subject matter expertise on outcome of AML Risk Identification and Assessment MethodologiesExtend support in the implementation of control improvements, enhancements or simplifications proposed by relevant CFCC Advisory functions.Provide guidance in understanding technical and AML detection related aspects of Transaction Monitoring systems pertinent to a country.Collaborate with FCC Advisory teams on determining risk tolerances.Strong interpersonal skills to collaborate effectively with cross-functional teams.Governance
Attend relevant business / segment / product related working group meetings.Ensure tracking and remediation of surveillance and investigations related regulatory findings.Report product and segment related matters impacting monitoring in relevant FCC and Upstream Governance CommitteesProvide regular progress updates on agreed mitigation actions concerning TM Design and Product Issues and enhancementsRegulatory & 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.As a people leader contributor to the FCSO TM Solutions to achieve the outcomes set out in the Bank's Conduct PrinciplesEffectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.Key Stakeholders
Relevant Business teams - CIB & WRBBusiness and segment CFCC Advisory teamsGroup AML RFO / teamsITOCountry / Regional FCC teamsAudit / Assurance teamsGroup Model Validation / Group Model Risk TeamOther Responsibilities
Embed Here for good and Group's brand and values in team.Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.Qualificatio
Education Post Graduate degree in Management / Statistics / Mathematics OR Graduate degree in Engineering from a reputed institution.Training 15+ years of hands on experience in Transaction Monitoring with atleast 5 years focussed on financial crime threat mitigation tools and platformsExceptional analytical, problem-solving, and decision-making abilities with a focus on technical solutionsProficiency in agile methodologies, technical roadmaps, and DevOps practices.Experience as a Product Owner to manage Transaction Monitoring tools to mitigate financial crime risk is essentialExperience on Project Management skills and presentation skills is essential.Certifications Certification from the ACAMS - Association of Certified Anti-Money Laundering Specialists or equivalent is preferred.Certification on the Project Management is an added advantage.Languages EnglishRole Specific Technical Competencies
Data ScienceCompliance AdvisoryManage RiskSurveillance (Specifically Monitoring)Statistical Modelling / Machine Learning / Data AnalysisSQL / HQL / Hive / Hadoop scripting and databases such as Oracle and HaaSR / Python / SAS / STATA / C++ / SCALA ProgrammingStrong coding skills in Python, R, SQL and familiarity with data engineering practices for model integration.Familiarity with databases such as Oracle, SQL serverExpertise in creating dashboards and reports using tools such as Power BI, TableauExperience in integrating TM systems with core banking platforms and data warehouses with familiarity of cloud platforms for scalable TM solutions.About Standard Chartered We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer 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 leave, parental / maternity (20 weeks), sabbatical (12 months 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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