FCC Manager at Standard Chartered Bank Nigeria

Employment Nigeria 11-Feb-2016 LAGOS , Banking and Finance

Standard Chartered Bank Nigeria - We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group's people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture. We encourage and focus on the behaviours that bring out the very best from every employee, assessing their performance not just on results but on how those results were achieved. To further embed these behaviours we have a remuneration programme in place, carefully designed to incentivise our employees to live our values every day.

POSITION : FCC Manager

Job ID: 493281

Job Description

The Head of Controls manages the core operational processes executed in FCC, as well as the specialist supporting systems for surveillance/screening; to help promote and manage throughout Nigeria the culture and practice of FCC risk management within the letter and spirit of relevant laws and regulations.

Key Roles and Responsibilities
Provide oversight and management of country roles including Head, Surveillance and Analytics Responsibilities:

System and tuning oversight for surveillance, screening and Customer Due Diligence ("CDD")
Apply quantitative techniques to develop intelligence and tune systems to better identify and mitigate risk efficiently
Build solutions to monitor for financial crime typologies
Maintain documentation for systems owned in FCC, e.g. rule book

Head, Financial Crime Investigations Responsibilities:

Manage alert/cases/SARs
Manage escalations from the business
Manage escalations based on customer screening alerts
Manage production orders escalated to Financial Crime Compliance ("FCC")

Head, Financial Crime Intelligence Unit Responsibilities:

Oversee media/other research and monitoring
Maintain country watch lists
Manage law enforcement outreach and outreach to banks on intelligence
Support complex Group or cross-jurisdiction investigations

Head, Quality Assurance and Performance Responsibilities:

Undertake quality assurance in relation to all core Financial Crime Compliance ("FCC") processes.
Support all control checks undertaken by FCC under the Operational Risk Framework ("ORF")
Propose control enhancements and simplifications
Provide resources to support work by Segments and Product/FCC/Governance/Sanctions/ABC to upgrade business controls
Generate and monitor all metrics required for tracking operational performance of controls

Head, CDD Controls Responsibilities:

Undertake country CDD review activity executed in the regional CDD CoE
Review Politically Exposed Persons ("PEP") files and sensitive client files
Integrate data across processes managed in Controls relevant to the CDD review
Escalate issues requiring business rejection/restriction
Work with Segments and Product Financial Crime Compliance ("FCC") to escalate issues appropriately with the business at a portfolio level

Leadership and Management:

Implement and cascade the Group's policy, framework and procedures to country level
Provide leadership to the Country FCC network as part of the Country FCC management team
Manage outsourcing arrangements where applicable, for example FCC processes hubbed to the Group's Shared Services Centre
Lead or influence significant programmes of work in support of the financial crime compliance objectives
Assist in the development of an effective internal compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance

Knowledge Development and Information Management:

Identify and communicate, across the business within the region, relevant changes in Controls policies, procedures and practices - recommending amendments as required
Assist in developing FCC Controls-related training to ensure the business and support units are provided with appropriate training

Stakeholders Relations:

Partner closely with the Regional FCC Controls and their teams, ensuring there is a consistent message to country FCC, and dealing with country issues as they come up
Support Country Compliance and FCC teams in managing regulatory relationships where FCC issues are a problem

Competencies:

Partner with the business to make decisions based on the knowledge and interpretation of current and possible future policies, practices, trends and information of financial crime
Develop and implement financial crime compliance arrangements/frameworks (programs, policies and procedures) for bank and business lines
Develop and implement risk and Market Integrity methodologies
Deliver effective FCC/Sanctions/AML/ABC training programs to meet the training needs of the business
Implement prevention and detection client due diligence (CDD, EDD and CIP) to verify the identity of clients
Implement FCC/sanctions/AML/ABC risks identification and assessment and advise business on the findings
Resolve suspicious activity alerts (SARs)
Partner with Business and Operational Risk to identify and mitigate financial compliance risks
Conclude investigations of non-compliant activities
Review system safeguards and recommend process enhancements
Participate in regulatory and supervisory meetings and consultations
Resolve conflicts of interest arising from regulations and information security
Partner with regulators locally or globally

Additional:

The role holder needs to possess extensive knowledge of the laws and regulations applicable to money laundering, such as MLPA, the Patriot Act, OFAC/HMT requirements and Suspicious Activity Reporting requirements.

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FCC Manager at Standard Chartered Bank Nigeria

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