Job Summary

We are seeking a detail-oriented and proactive Risk Assessment Associate, to join our Compliance, Financial Crime, and Conduct Risk (“CFCR”) Risk Assessment team in the Americas. This role will support the analysis, reporting, and governance of the US Risk Assessment framework, ensuring alignment with industry standards and regulatory expectations to deliver financial crime and regulatory compliance risk assessments. 

Key Responsibilities

Strategy
•    Assist in the analysis and reporting of the annual US CFCR Risk Assessments processes.
•    Assist in the coordination and governance of the US Risk Assessment processes. 
Business
•    Assist in the governance and processes required to ensure that the US Risk Assessment framework delivers to the Group Risk Assessment framework and methodology, as well as industry/regulatory expectations.
•    Provide analysis and summary reporting resulting from the methodology execution for the CFCR Risk Assessment, Americas team.
Processes
•    Operation and delivery of the CFCR Risk Assessments for the Americas in accordance with the applicable Global Risk Assessment and US methodologies and Department Operating Instructions.
•    Assist the CFCR Americas, Risk Assessment team in the following areas:  
•    Reviewing the update of the Control Inventory and alignment to the control testing framework.
•    Issues management for the Region, including identifying the scope and mapping issues to the Control Inventory to ensure appropriate inclusion into the assessments.
•    Reviewing the assessments performed centrally to ensure appropriate assessment for the Region, including consideration of relevant issues, existing or merging risks, etc. 
•    Drafting Category level write-ups for centrally assessed Categories for inclusion in US Risk Assessment report.
•    Cross train in Control Effectiveness assessments and subject matter to serve as a back-up across the team. 
•    Analysis, documentation, and reporting of Inherent Risk Assessment for the US Risk Assessment
•    Creation of Control Effectiveness documentation.

Day-to-Day Tasks

•    Manage the governance and processes required to ensure that the US Risk Assessment framework delivers to the Group Risk Assessment framework and methodology, as well as industry/regulatory expectations. This will entail assisting in the management of the coordination of the US Risk Assessment to include the following: 
•    Prepare, track, and manage the Risk Assessment Plan for the iterative year across all US Risk Assessment deliverables to ensure timely completion.
•    Work with Head, CFCR Risk Assessment, Americas and Director, CFCR Risk Assessment, Americas, to ensure assignments of deliverables are developed and articulated.
•    Facilitate the development, approval, and incorporation of feedback for key Risk Assessment documentation, including the US Department Operating Instructions, Report, and Methodology.
•    Produce dashboards for status updates and other reporting to CFCR Americas senior management and other relevant forums and committees, as needed.
•    Work with the CFCR network across the Group to assess and collect the qualitative and quantitative data necessary to support the end-to-end CFCR risk assessment activities.
•    Contribute to the development and documentation of processes and procedures to improve efficiency and effectiveness of current risk assessment processes.
Risk Management
•    Be fully conversant with and correctly apply Group and CFCR Policies and Processes in order to manage risks.
•    Make recommendations to relevant stakeholders on possible risk management responses to identified risks in order to ensure insightful, accurate and meaningful assessment of risks within the CFCR RAs.
•    Contribute to advising relevant stakeholders of the outcomes of risks identification and assessment methodologies.
•    Ability to understand business problems and CFCR risks, how data analytics can be used to solve these issues and generate mitigating strategies. 
•    Assess risks arising from products / segments / geographies / customers / transactions.
•    Validate data outputs created with the objective of identifying financial crime or regulatory compliance risk and escalate issues of concern.
•    Providing guidance to Heads of CFCR Regional Governance, FCC Country Heads and FCC Segment Heads on the drivers behind AML and Sanctions inherent risk in their Region / Country / Segment.
•    Prepare bespoke Inherent Risk Reports that highlight areas of focus and emerging financial crime trends by providing insights into client, product and transactional risk.
•    Support the delivery of the annual FCC and Compliance Risk Assessments for the Americas.

Qualifications

•    3 to 5 years of relevant work experience in financial institution or consultancy firm in Quality Assurance or Quality Controls
•    Proficient in assessing control evaluation results
•    Experienced in control design
•    Previous internal audit/assurance experience would be an asset
•    Knowledge of risk assessment compliance requirements and expectations
•    Knowledge of BSA/AML and Sanctions, ABC, and regulatory compliance requirements in Banking and an understanding of variation of such laws and regulations across the various jurisdictions
•    Software, Applications, Database and Research

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 ter

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 65,000 USD to 85,000 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 

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