Key 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, 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.​​​​​​​

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 production
• Mitigate risks by ensuring robust system configuration, process and monitoring standards
• Work 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 periods

People 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 Monitoring
• Make recommendations (and support in implementation where required) to relevant stakeholders on possible risk mitigants to identified risks or areas of concerns from TM Solutions
• Provide Transaction Monitoring subject matter expertise on outcome of AML Risk Identification and Assessment Methodologies
• Extend 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 Committees
• Provide regular progress updates on agreed mitigation actions concerning TM Design and Product Issues and enhancements

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.
• As a people leader contributor to the FCSO TM Solutions to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.] 
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders

• Relevant Business teams – CIB & WRB
• Business and segment CFCC Advisory teams
• Group AML RFO / teams
• ITO
• Country/Regional FCC teams
• Audit / Assurance teams
• Group Model Validation/ Group Model Risk Team

Other 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.

Skills and Experience

• Data Science
• Compliance Advisory     
• Manage Risk     Advanced
• Surveillance (Specifically Monitoring)    
• Statistical Modelling/ Machine Learning/ Data Analysis    
• SQL / HQL / Hive / Hadoop scripting and databases such as Oracle and HaaS     
• R / Python / SAS / STATA / C++ / SCALA Programming     
• Strong coding skills in Python, R, SQL and familiarity with data engineering practices for model integration.
• Familiarity with databases such as Oracle, SQL server
• Expertise in creating dashboards and reports using tools such as Power BI, Tableau 
• Experience in integrating TM systems with core banking platforms and data warehouses with familiarity of cloud platforms for scalable TM solutions.
   

Qualifications

• 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 platforms
  • Exceptional analytical, problem-solving, and decision-making abilities with a focus on technical solutions
  • Proficiency in agile methodologies, technical roadmaps, and DevOps practices. 
  • Experience as a Product Owner to manage Transaction Monitoring tools to mitigate financial crime risk is essential
• CERTIFICATIONS  -   Certification from the ACAMS - Association of Certified Anti-Money Laundering Specialists or equivalent is preferred.
• LANGUAGES -    English
   

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.