Spl'st, Policy Professional

Standard Chartered India; Maharashtra; On-site; INR 4,000,000 - 9,000,000; Full time

Benefits offered by this job

Flexible working

Annual leave

Wellbeing support

Learning culture

Job summary

Standard Chartered India is seeking a senior Financial Crime Compliance (FCC) leader to own the country risk framework for AML, Sanctions, CDD, FRM, ABC and Anti-Tax Evasion. You will manage FCC standards, policy ownership, and regulatory relationships to ensure alignment with Group and local obligations.

The role requires extensive banking compliance experience, strong analytical and cross-functional leadership skills, and the ability to guide risk assessments and regulatory responses across

Qualifications

• Minimum 10 years banking experience in compliance/rraud risk.
• Strong knowledge of AML, Sanctions, CDD, FRM, ABC and Anti-Tax Evasion.
• Excellent analytical and communication skills.
• Experience in managing regulatory relationships and industry engagements.
• Ability to lead cross-functional teams and drive policy initiatives.

Responsibilities

• Develop and implement FCC risk controls for AML, Sanctions, CDD, FRM, ABC and Anti-Tax Evasion in country.
• Provide guidance on regulatory changes and risk assessments to business units.
• Oversee policy development and local addendums to align with Group Standards.
• Coordinate governance and reporting with FCC leadership and regulators.
• Support FCC Head in risk framework ownership and remediation actions.

Skills

FCC risk management

Regulatory liaison

Analytical skills

Regulatory reporting

Policy implementation

Tools

Core Banking systems

Job description

• Ensuring the CCIB and WRB businesses are compliant with Group & local financial crime regulatory obligations.
• Country Risk Framework owner for AML/Sanctions/CDD/FRM/ABC/ATE risk appetite, assessment and acceptance as defined under ERMF and ORF, dispensation, new product launches and RA.
• Management of all standards for FCC related requirements
• Country FC Policy Owner Including CAs.
• Supporting regulatory relationships management activities as required.

Job Summary

• Ensuring the CCIB and WRB businesses are compliant with Group & local financial crime regulatory obligations.
• Country Risk Framework owner for AML/Sanctions/CDD/FRM/ABC/ATE risk appetite, assessment and acceptance as defined under ERMF and ORF, dispensation, new product launches and RA.
• Management of all standards for FCC related requirements
• Country FC Policy Owner Including CAs.
• Supporting regulatory relationships management activities as required.

Key Responsibilities

Strategy

• Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary FCC risk controls related to Anti Money Laundering (AML), Sanctions, Client Due Diligence (CDD), Fraud Risk Management (FRM), Anit-Bribery and Corruption (ABC) & Anti-Tax Evasion of SCB India.
• FCC oversight support to FCC teams in the South Asia Cluster (Bangladesh, Nepal and Sri Lanka)

Business

• Analyse comprehensive impact of financial crime related regulatory matters on the relevant business area and its operations.
• Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in country), coordination with group communications
• 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 risks

Processes

• Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/Local Addendums to Group Policies/Standards, processes/DOIs to address financial crime risks related to AML, Sanctions, CDD, FRM, ABC & Anti-Tax Evasion, aligning with relevant regulatory requirements.
• Providing governance and oversight over the implementation of FCC – related policies and procedures country to ensure compliance with such policies and procedures
• Provide policy guidance to relevant stakeholders on compliance with Group Standard relating to AML, Sanctions, CDD, FRM, ABC & Anti-Tax Evasion, in support of CFCC Business Advisory teams
• Supporting Country Head of FCC in delivering Risk Framework Owner obligations under the Group’s Risk Management Framework for aspects of Regulatory Compliance relating to AML, Sanctions, CDD, FRM, ABC & Anti-Tax Evasion and to elevate issues as appropriate in support of CFCC Business Advisory teams.

People & Talent

• Promote and embed a culture of openness, trust and risk awareness where ethical, legal, regulatory and policy complaint 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.
• Develop communications strategies and plans that deliver timely and relevant messages to the right stakeholders through appropriate activities and channels

Risk Management

• Maintain oversight of risk mitigating action plans related to AML, Sanctions, CDD, FRM, ABC & Anti-Tax Evasion
• Act as a Country ABC Lead in line with the ABC Country Lead P3 Objectives
• Understand technical aspects of systems relevant to AML, Sanctions, CDD, FRM, Client Risk Assessments, SCBuy for Sponsorship/Donations related approvals.
• Provide advice on the application of risk management frameworks (eg ORF, GRA)
• Apply Group and FCC Policies and processes (AML, Sanctions, CDD, FRM, ABC & Anti-Tax Evasion) to manage risks.
• Assess risks arising from products /segments /geographies/customers
• 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.
• Anticipate horizon risks in the area of financial crime that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks
• Identify intelligence for typology studies and risk mitigation plans
• Conduct Country risk assessment
• Map risks, quantify the potential impact and escape where necessary
• Deliver/support delivery of annual Global AML (CDD), Sanctions, ABC Risk Assessments
• Partner with legal counsel for advice on technical matters
• Conduct a root cause analysis on the control/ other failures to ensure lessons are learned across the bank.

Governance

• Attend relevant FCC Governance forum (CFCRC, SCBMF, RMCB, FORF, CMT) for India and South Asia Cluster
• 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.
• Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
• Track significant issues arising from FCC Metrics, FCC Assurance Activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• Propose control improvements enhancements and simplifications where appropriate.
• Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk /vulnerability and thus drive remediation action with the FCC function.
• Support to FCC, Head, India & South Asia cluster in providing FCC oversight over the FCC function in Nepal, Sri Lanka and Bangladesh.
• Support to FCC, Head, India & South Asia cluster in providing FCC oversight over the FCC function in SCSI, SCCL and Gift City (Group affiliated located in India).

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.
• Monitor regulatory changes and implementation of those changes
• Effectively and Collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters
• Represent the Group through relationships with key regulators, relevant industry and vendor / user groups
• Support relevant stakeholders to respond to regulatory questions

Project /Change Management

• Lead or influence significant programme of work in support of the financial crime compliance objectives
• Review new business requirements and provide solutions where required
• Manage and protect business as usual (BAU) capability during change programmes, as well as during the execution and delivery of the Remediation initiative’s through project phase and into BAU

Key stakeholders

• Senior FCC Management in Country/Region/Group
• Senior Legal & Compliance Management in Country
• FCSU Teams
• Business Teams
• Review teams e.g. GIA, FCC Assurance, Compliance Monitoring Review, Regulators etc.
• Governance and Controls, ITO Team

Other Responsibilities

• Embed Here for Good and Group’s brand values in India
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Skills And Experience

• Compliance Policies and Standards
• Compliance Advisory
• Managing Regulatory Relationships
• Regulatory Liaison
• Regulatory Reporting and Filing
• Compliance Risk Assessment
• Manage Conduct
• Manage Risk
• Manage People

Qualifications

• The role holder must possess excellent analytical skills and understanding of Risks and Controls.
• Previous experience in either a Control Function and/or Financial Crime Compliance preferred
• Must possess excellent communication skills and be able to develop effective presentations and be able to present in front of Management. Excellent command over English language is essential
• Have a good knowledge of the Group & Regulatory Policies, Procedures and Standards relating to Financial Crime Risk & Operational Risk, as well as knowledge of the local regulations and legislation on AML/CTF, Sanctions, Bribery & Corruption and Fraud Risk Management.
• Good knowledge of banking products and support structure and general operational knowledge;
• Minimum 10 years all round banking experience;
• Knowledge of Core Banking systems & other transaction & customer/support related systems would be helpful

About Standard Chartered

We're a global bank connecting clients to our differentiated network, offering growth opportunities in the world's most dynamic markets. Our strategy, which combines cross-border capabilities and leading wealth management expertise, helps us deliver our purpose - to drive commerce and prosperity through our unique diversity.

Over our 170-year history, and across a unique geographical footprint connecting Asia, Africa and the Middle East to each other and the world, we've built a bank like no other, with diverse capabilities and partnerships that set us apart.

What We Offer

• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions, and geographies.
• 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 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.

Visit our careers website to learn more about us: www.sc.com/careers.