Job Summary
Ensures that AML/CDD/Sanctions (Individual Business) risks relating to the country are effectively managed end to end in accordance with Group and local regulatory requirements.
Assures AML/CDD/Sanctions (Individual Business) risk management through oversight and testing of the related CSTs and ensures material risks are identified, assessed, mitigated, monitored and reported / escalated in accordance with the bank’s Risk Management Framework.
Drives/coordinates/monitors initiatives, projects and actions to ensure the Bank operates in accordance with the relevant laws and regulations, Group/Country policies and standards, for the prevention of money laundering.
Key Responsibilities
Strategy
• China WRB Individual CDD team is a unit within the COO family for performing due diligence on Customer Due Diligence before approval.
• Individuals CDD team CDD analyst is responsible for client contact for existing to bank clients for completion of CDD activities. However, the team can assign or take support from Relationship Managers (RMs) for completion of CDD activities / related requirements for priority clients
Business
• Support China WRB individual business team, including Emerging Affluent and Priority Banking, lending and Digital partnership. Awareness and understanding of the wider business, economic and market environment in which the Group operates.
Processes
Perform account Opening KYC/CDD for high-risk rating clients and ETB clients’ Periodic/Trigger Review.
• Unless advised otherwise by the client’s RM, who will contact the client and arrange documents on behalf of the Individual CDD Team, The Individual CDD analyst’s role is to:
• Initiate Client contact (for RM managed accounts, RM can perform the client contact on behalf of the Individual CDD team for document collection)
• Complete CDD related documentation and ensure completeness of CDD information for ETB and NTB clients before submission to the IQC team who will check the quality of the CDD information before approval
• Ensure that the information and document retained as part of CDD can be retained in a manner that meets legal and regulatory requirement as well as CDD Procedures.
• Responsible for implementation and continued compliance with relevant laws and regulations (including changing AML related regulations), policies, procedures and risk control requirements through application of consistent group practices
• Directs and executes activity within Individual CDD team and optimize end to end overall Individual CDD related processes and practices
• Ensures alignment, maintenance and updating of relevant systems as required to achieve required operational and regulatory outcomes
• Trains and provides business process and operational expertise and guidance to in-country teams in relation to understanding end to end the related processes and their connectivity to Individual CDD policy and procedure standards that impact their day-to-day business activities
• Works closely with project teams/stakeholders to drive projects/initiatives related to the Individual CDD space to ensure successful and timely delivery
• Assures Individual CDD risk management through testing of the related CSTs ensures compilation, review and distribution of MI, reports and escalates exceptions and tracks to closure
• Partners and actively collaborates with all relevant stakeholders across the Individual CDD functional and advisory space to build robust and sustainable operational and execution excellence
• Other ad-hoc tasks assigned by line managers
People & Talent
• This is not a people leader role.
Risk Management
• Fully understand the importance of risk prevention, prevent anti-money laundering, sanction, anti-bribery & corruption and relevant FCC risks, maintain safe and steady operation of the position, implement regulatory requirements of risk prevention, strictly execute DOIs of the department, ensure to complete relevant trainings and embed risk prevention in daily Work.
Governance
• Adhere to laws and regulations, internal risk and compliance policies (including anti-money laundry, sanction, anti-bribery & corruption and relevant FCC risks) and the Group Code of Conduct.
• Establish the appropriate control and assurance mechanism to comply with all internal and external standards and policies.
• Proactively learn and take actions to ensure conduct initiatives well implemented.
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.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
• WRB individual business, including Emerging Affluent and Priority Banking, Lending, Digital partnership etc.
• Compliance, Financial Crime & Conduct Risk
• Client Care Centre
• WRB Operation
• Branch Risk Management Team
Other Responsibilities
Embed Here for good and Group’s brand and values in China WRB Tech and Operation; Perform other responsibilities assigned under Group and Country WRB.
• Understand, acknowledge and comply with the requirements on individual accountabilities and responsibilities of the job set out in applicable local laws and regulations as well as SCB internal policies
理解、认同并遵守本地法律法规以及渣打内部政策中关于个人问责和职责的要求；
• Effectively ensure and intensify internal controls by keeping abreast with developments of applicable local laws and regulations on accountabilities
跟上本地问责法律法规的发展，以有效地确保并强化内控；
• Perform job duties with diligence, contribute to efforts as an individual or as a team member so as to avoid any actual or potential legal sanctions, regulatory penalties, material financial loss, or adverse reputational impact on the Bank
审慎勤勉地履行岗位职责，以个人或团队成员的身份，为避免任何导致银行遭受或可能遭受法律制裁、监管处罚、重大财务损失或声誉负面影响而做出努力；
• Be responsible for failure to follow relevant rules and processes, failure to properly perform the responsibilities, and implement corrections
对未遵守相关规范和流程、未适当履行职责以及未执行整改措施承担相应责任；
• Cooperate with any investigations or reviews on regulatory failure such as accountability review
配合任何关于违反监管规定的调查或审查，例如，问责审查
Skills and Experience
• Analytical Thinking
• Operational Risk
• Understanding Customer Needs
• Process Improvement
• Problem Management Process
• Problem Solving
• Anti-money Laundering Policies and Procedures
Qualifications
• At least 3 years’ experience and knowledge in Banking industry with AML Experience
• Good communication, interpersonal and organization skill
• Able to timely manage multiple tasks
• Must be certified (as prescribed for the role) by completing all relevant SCB e-assessments (once these are rolled out)
• Good at both spoken and written English and Chinese
• ACAMS Certification would be preferred
• Education: University graduate with Batchelor Degree
• Certifications: ACAMS Certification would be preferred
• Languages: Chinese, 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.