Manager, FCSO Controls

Manager, FCSO Controls & Investigations, SG - 12 months Direct Contract
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Manager, FCSO Controls & Investigations, SG - 12 months Direct Contract
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Standard Chartered Singapore
Manager, FCSO Controls & Investigations, SG - 12 months Direct Contract
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Join to apply for the
Manager, FCSO Controls & Investigations, SG - 12 months Direct Contract
role at
Standard Chartered Singapore
To investigate risk events / cases escalated by Financial Crime Surveillance Unit (FCSO-AA) teams (arising from Transaction Monitoring, Transaction Screening &/or Name Screening);
Other escalations as per procedures / DOI; and any other matter as directed by Country Head of FCSO, Singapore
for identifying suspicious transactions / activities, in compliance with Group policy and procedures, laws and regulations in Singapore on AML/CFT.
To support Country Head of FCSO, Singapore to lead and manage the Singapore Financial Crime Surveillance Operations (FCSO) Team, including but not limited to
Providing guidance and training to Case Investigation Specialists and relevant value chain stakeholders (e.g. FCSO-AA, FCSO-QCO, and FCSO-RFI);
Monitoring relevant metrics and lead requisite actions to intervene, where required;
Establishing and maintaining effective working relationship with relevant stakeholders including but not limited to Business Units, FCC and like;
Securing credible audit / review outcome for the unit;
Ensuring timely reporting and escalation of significant risk issues to management; and
Supporting initiatives to enhance relevant work processes for both effectiveness and efficiency purpose
Driving the MAS and SCB partnership including utilizing innovative data analytics capabilities to bring fresh focus and enhance risk detection
Job Summary
To investigate risk events / cases escalated by Financial Crime Surveillance Unit (FCSO-AA) teams (arising from Transaction Monitoring, Transaction Screening &/or Name Screening);
Other escalations as per procedures / DOI; and any other matter as directed by Country Head of FCSO, Singapore
for identifying suspicious transactions / activities, in compliance with Group policy and procedures, laws and regulations in Singapore on AML/CFT.
To support Country Head of FCSO, Singapore to lead and manage the Singapore Financial Crime Surveillance Operations (FCSO) Team, including but not limited to
Providing guidance and training to Case Investigation Specialists and relevant value chain stakeholders (e.g. FCSO-AA, FCSO-QCO, and FCSO-RFI);
Monitoring relevant metrics and lead requisite actions to intervene, where required;
Establishing and maintaining effective working relationship with relevant stakeholders including but not limited to Business Units, FCC and like;
Securing credible audit / review outcome for the unit;
Ensuring timely reporting and escalation of significant risk issues to management; and
Supporting initiatives to enhance relevant work processes for both effectiveness and efficiency purpose
Driving the MAS and SCB partnership including utilizing innovative data analytics capabilities to bring fresh focus and enhance risk detection
Role Responsibilities
Input to Country operating model design of relevant FC Framework and business processes.
Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary Surveillance Operations.
Implement the vision, strategy, and direction for the Country FC, consistent with the vision and strategy for FCSO and in support of the Group’s strategic direction and growth aspirations
Perform a role as FCSO Investigator - FCSO within the country Financial Crime Surveillance Operations team.
Perform duties such as Transaction Monitoring and investigation.
Support and guide relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
Develop good working relationships with key stakeholders in the Business Segments.
Develop a good working relationship with counterparts in GBS FCSO and attend any Service Delivery Meetings as required.
Ensure timely reporting and escalation of significant AML/CFT risk issues to Country Head FCSO and/or Country Head Financial Crime Compliance.
Ensure the suitability and quality of case data maintained on enterprise case management systems.
Day to day processing of Transaction Monitoring (TM) cases in line with AAA procedures / Money mule or Shell Co. model output review guidance note and in a timely manner within agreed TAT’s whilst maintaining Quality Control/Quality Assurance results in line with Group and local expectations.
Ensure timely initiation of any follow up actions to effectively process alerts in TM with clear narratives.
Assist the Country Head FCSO to implement investigation and surveillance standards set by regulators and the Group FCC function (via processes defined by Group FCSO GPO’s), and Country FCC.
Reporting Internal SAR’s for cases escalated through FCSO transaction monitoring processes to Country FCC / CMLCO.
Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management
Assess risks arising from products / segments / geographies / customers / transactions.
Ensure that significant investigations are concluded internally and externally where relevant (including cross-border).
Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.
Our Ideal Candidate
Skills & Experience
Compliance professional with 4+ years of experience with specific focus on FCC (AML/CFT, Sanctions and ABC), particularly in case investigation. Preferably with exposure with devising, running or enhancing FCC owned processes.
Be well-verse in the understanding of the MAS Notice 626, and other like guidance / circulars.
Professional certification such as ACAMS and ICA Diploma is preferred but not a must
Regulatory engagement with local regulators.
Good judgment enabling the provision of sound advice in difficult areas of regulation and practice and the proactive management of compliance and regulatory risk.
Must possess excellent interpersonal skills and multi-cultural awareness and sensitivity.
Sound judgement on business practices, regulatory relationship management and reputational risk.
Be able to operate independently and demonstrate robustness in ethics and resilience.
Qualifications
Education Bachelor's degree from a recognized university required
Role Specific Technical Competencies
AML / Financial Crime Compliance
Report Writing
Surveillance (including Screening and Monitoring)
Investigations
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