Overview

Executive Director, US Law Compliance Program, ASA  (2200010537)
 

Job

: Compliance

Primary Location

: Asia-Singapore-Singapore

Schedule

: Full-time

Employee Status

: Permanent

Posting Date

: 08/Sep/2022, 5:38:15 AM

Unposting Date

: 09/Oct/2022, 2:59:00 AM

 

 
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 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.

 

The Role Responsibilities

Strategy

  • Continued development and implementation of US Law Compliance Program including strategic projects and enhancements to the Program and its protocols.
  • Contribute to evolution of the Affiliate Risk Management construct, including data sourcing and analytics, metric formulation, dashboard presentation and management reporting.
  • Conduct ongoing training in region, including oversight of capacity assessments and subsequently coordination of as needed targeted training. Knowledge sharing across region of lessons learned from remediation efforts across SC as part of enforcement actions for AML and Sanctions violations.

Business

  • Specialist advisor to ASA stakeholders on US law and regulatory environment.
  • Management of Business Restrictions as applicable to the ASA region including the implementation, maintenance, monitoring, and where appropriate, closure, in alignment with the USLCP Business Restrictions Advanced Supervision (“BRS”) Protocol.

Processes

  • Day-to-day management of the USLCP and associated Protocols for the ASA region including ICE escalations, BRS, Affiliate Reviews, and reporting.
  • Creation and presentation of executive reports defining compliance and risk management actions as a result of escalated items.
  • Creation of management information reports and metrics on regional risk issues.

People and Talent

  • Act as the Regional FCC central point of contact for the US FCC team and Group stakeholders.

Risk Management

  • Participate in the Affiliate Risk Management Peer Review process by conducting on-site reviews of SC Affiliate FCC programs, presenting observations and ongoing validation of recommendations.
  • Coordinate correspondence with FCC and Business stakeholders regarding findings, risks and proposed action, and track remediation to completion.
  • As required, engage with US and ASA regional stakeholders, in connection with significant AML and Sanctions investigations.
  • To monitor FCSO change management across the network to the extent bearing on risks and controls related to USD clearing for affiliates at the NY branch.

Governance

  • Escalate relevant regional Audit, FCC Monitoring, and 1st line issues to SCB US FCC.
  • Presentation at ASA Correspondent Banking Oversight Group on USLCP issues identified and status updates.
  • Attendance at Country Financial Crime Risk Committees, ASA Governance Forum, ASA Sanctions Governance Forum, ASA Management Team meetings, etc.

Project/Change Management

  • Oversight and management of projects as they arise, providing robust support to project stakeholders as required.
  • Assist Regional Head of FCC, ASA with related projects.

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.
  • Lead the function to achieve the outcomes set out in the Bank’s Conduct Principles: fair outcomes for clients; effective operation of financial markets; financial crime prevention, etc.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Assist, where required, with engagement with US Independent Consultant or other regulatory bodies as a point of contact during visits within the Region, including the management of preparation and as needed pre-work.

Key Stakeholders

  • Regional Head of FCC, EA
  • Regional Head of FCC Controls, EA
  • Regional Head of FCC, ASA
  • Regional Head of FCC Controls, ASA
  • Senior FCC Management in ASA Region and Group
  • Regional Heads of Sanctions, i3 and SIS
  • FCC Country Governance Heads
  • Country Heads of CFCC, ASA
  • Head, FCC Governance, Policy & Reporting ASA
  • FCC Americas stakeholders

Other Responsibilities

  • Embed “Here for Good” and Group’s brand and values in ASA.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
  • ACAMS certification or equivalent strongly preferred.
  • Bachelor degree from an accredited institution or equivalent.
  • Advanced degrees (J.D., MBA, etc.) will be viewed positively.
  • 10+ years experience in financial crime compliance within the financial industry or in the governmental regulatory, intelligence or law enforcement industry (international, federal, state and local levels will be considered).
  • Experience in wholesale / correspondent banking with an international financial institution preferred.
  • Experience in working internationally will be viewed positively.
  • Demonstrated capacity to lead team in complex investigative and analytical work, including through the execution of projects, investigations or other initiatives presenting need for close supervision and resource-management, and effective communications. 
  • Experience with advising on US law, regulatory and compliance matters, statutory interpretations, etc.
Role Specific Technical Competencies 
  • Requisite Knowledge of USA PATRIOT ACT, US BSA/AML Laws and regulation and US Sanction Laws and regulations
  • Compliance Policies and Standards
  • Compliance Advisory
  • Compliance Review and FCC Assurance
  • Surveillance (including Screening and Monitoring and Model Testing)
  • Investigations
  • Compliance Risk Assessment
  • Regulatory Liaison
  • Manage Change
  • Manage Projects

Visit our careers website www.sc.com/careers

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About Standard Chartered

We offer banking services that help people and companies to succeed, creating wealth and growth across our markets. Our heritage and values are expressed in our brand promise – Here for good.

With more than 86,000 employees and a presence in 60 markets, our network serves customers in close to 150 markets worldwide. We're listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.