Job Summary

•    The purpose of this role is to design, implement and deliver the FCC Risk Assessment framework, and to implement the SC Global Financial Crimes Compliances Risk Assessment for the Americas region. This framework consists of the following areas:
•    A methodology to create the risk assessments, including quantitative risk-based calculations.
•    The governance and processes required to ensure that the US Risk Assessment framework delivers to the Global Risk Assessment framework, where possible, and a methodology that aligns to industry/regulatory expectations.
•    The analysis and summary reporting resulting from the methodology; and
•    The action planning/remediation and process monitoring/reporting resulting from the analysis and summary report.
•    The Risk Assessment framework must be fully embedded within the Conduct, Financial Crime, and Compliance Risk (‘CFCR’) function and assist management to oversee and improve the control environment. The US Risk Assessment framework must meet all relevant regulatory and industry expectations and drive action throughout the US financial crime function. As such, the US Risk Assessment framework will supplement or supersede SC Global Financial Crime Risk Assessment.
•    This role is also responsible for continuous assessment of issues raised within the FCC Principal Risk Type that may introduce risk. 

Strategy

•    Creation of annual US BSA/AML and Sanctions Risk Assessment process in support of the Global Risk Assessment.
•    Support Group led risk assessments across the Americas, where applicable.
•    Development of the SC US methodology to create the risk assessments which also include quantitative risk-based calculations.

Business

•    Drive the delivery of the action planning and remediation work resulting from regulatory requests.
•    Maintain awareness of significant changes impacting the business, both internally and externally, and ensure appropriate actions to mitigate risk.
•    The governance and processes required to ensure that the US Risk Assessment framework delivers a methodology to address industry/regulatory expectation.
•    The analysis and summary reporting resulting from the methodology.
•    The action planning/remediation and progress monitoring/reporting resulting from the analysis and summary report.

Key Responsibilities

Processes

•    Operation and delivery of the assessment of FCC risk (AML, Sanctions, ABC, etc.) for the Americas in accordance with the SC FCC Global Risk Assessment Methodology.
•    Responsible for the residual risk assessment of all entities in scope and lineage of Residual Risks to specific control weaknesses.
•    Partner with colleagues across the bank to help drive a culture of risk awareness and proactive risk identification and assessment.
•    Create executive level financial crime risk drive analytics and metrics that provide the business visibility of the control environment and identifies emerging risks.

People & Talent

•    Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices.
•    Promote an environment that supports diversity and reflects SCB core values.

Risk Management

•    Ensure a full understanding of the risk and control environment in area of responsibility.
•    Continuously review data associated with issues to highlight key themes and insights related to existing or emerging FCC risks. 
•    Work closely with the data and MI teams to assess metrics to ensure the appropriate data is captured to identify risks.
•    Liaise with stakeholders to evaluate issue areas to retrieve underlying context to form a view of potential risks. 
•    Draft commentary associated with metrics related to the compliance principal risk type that will be included in various forums and senior-level committees, as well as leveraged for MLRO reporting.

Governance

•    Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectation relevant to the role.
•    Deliver ‘effective governance’, challenge fellow executives effectively and work with any local regulators in an open and cooperative manner.

Skills and Experience

• Execute Compliance Governance, Frameworks and Models
• Knowledge of risk assessment compliance requirements and expectations
• Knowledge of BSA/AML and Sanctions, ABC compliance requirements in Banking and an understanding of variation of such laws and regulations across the various jurisdictions 
• Experience in the US financial crime risk assessment as well as cross border financial risk and control

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  
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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.

Recruitment Assessments

Expected annual base pay range for the role is 225,000 USD to 350,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations Visit our careers website www.sc.com/careers 

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.

Visit our careers website www.sc.com/careers