Senior Officer, FCSO TM NCB

Standard Chartered India; Bengaluru; On-site; INR 600,000 - 1,000,000; Full time

Benefits offered by this job

Core bank funding for retirement savings

Medical and life insurance

Flexible working options

Proactive wellbeing support

Continuous learning culture

Time-off including annual leave and sabbatical

Job summary

An established industry player seeks a Transaction Monitoring Analyst to investigate alerts and ensure compliance with AML regulations. This role involves identifying risks, managing alerts, and collaborating with stakeholders to uphold the highest standards of ethics and conduct. The position offers opportunities for personal and professional growth within a supportive and inclusive environment. Join a forward-thinking organization that values diversity and is committed to making a positive impact in the banking sector. If you are passionate about compliance and risk management, this is the perfect opportunity for you.

Qualifications

• Minimum graduation required; AML/KYC certifications are a plus.
• Strong understanding of banking products and transaction monitoring.

Responsibilities

• Investigate daily transaction monitoring alerts and manage cases.
• Identify AML risks and ensure compliance with regulations.

Skills

AML and terrorist financing

Transaction monitoring

Data analysis

Banking operations

Client Due Diligence

Excellent communication in English

Education

Minimum Graduation from a reputed institute

Tools

MS Office Suite

Job description

The Transaction Monitoring Analyst main responsibility relates to the investigation of daily transaction monitoring alerts, raising Unusual Activity Referrals and reporting where required.

Responsibilities

• Identifying AML risks and vulnerabilities
• Experience in investigation of daily transaction monitoring alerts/cases. Sound understanding and working knowledge of the AML/CTF program
• Manage and/or resolve alerts/cases - Follow the Correspondent/Non-Correspondent Banking DOI to process risk events in line with Assess, Analyse, Act (AAA) process
• Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm
• Analyse significant financial crime risk events (e.g. non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased. Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
• 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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Lead the Nepal/ TM NCB / FCSO to achieve the outcomes set out in the Bank’s Conduct Principles: Financial Crime Compliance.
• Embed Here for good and Group’s brand and values in India/FCSO/TM NCB-ASA. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;

Key stakeholders

• FCC Controls representatives in group and country

Skills and Experience

• AML and terrorist financing, Knowledge of transaction monitoring, sanction, CDD, Screening, Banking products.
• Analysis skills: able to analyse data trends and out of pattern activities, working knowledge of Internet and MS Office Suite & independently assimilate, analyse and evaluate information from disperse data sources to determine a course of action (e.g., case closure or escalation), and record and communicate this decision clearly and concisely
• Banking: knowledge in terms of customers, products, and transactions with expertise in at least one customer segment (retail, corporate, private banking, correspondent banking)
• Banking operations experience (Client Due Diligence, payments, trade, markets or other) and service-oriented attitude.

Qualifications

• EDUCATION - Academic or professional education/QUALIFICATIONS, i.e., standards required for roles. Eligible Criteria - Minimum Graduation from the reputed institute is required for the role.
• TRAINING - Bank process training, i.e., mandatory & developmental – role-specific, and regulatory / compliance bank wide & role-specific. Deliver Training to New Joiner, Need Based Training programs, Awareness / Refresher and Specialist training programs and provide subject matter expertise support to team. Ensure that internal and external errors arising out of knowledge gaps are addressed.
• LICENSES - Licenses and certifications / accreditations, i.e. internal / externally required with active relationship
• MEMBERSHIP - Professional memberships (if any), i.e. active membership is required for roles for continuous development / improvement/ awareness of current practices, etc.
• CERTIFICATIONS - AML related certifications should be added advantage. Eg: AML/KYC, ACAMS and CGSS etc.
• LANGUAGES - Excellent communication in English (articulation and writing).

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.

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.