Standard Chartered Bank Vacancy for Snr Officer

Job ID: 22100
Location: Kathmandu, NP
Area of interest: Operations
Job type: Regular Employee
Work style: Office Working
Opening date: 4 Mar 2025

Level: Grade 4 (Officer)

RESPONSIBILITIES

To investigate risk events / cases:

• Escalated by Financial Crime Surveillance Operations (FCSO-AA) teams (arising from Transaction Monitoring and Name Screening)
• Manual Case investigation arising from Production Order
• Other escalations as per procedures / DOI; and
• Any other matter as directed by Head FCSO for identifying suspicious transactions / activities, in compliance with Group policy and procedures, laws and regulations in Nepal on AML/CTF.
• Handling of Law Enforcement enquiries related to FCC concern Production Order name search, collate and preparation of required documents, ensure timely response and reconciliation.

Strategy

• 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.
• Support the implementation of the FCSO strategy by escalating appropriate FCC and AML surveillance issues and executing activities in line with guidance documents, Group requirements and regulatory expectations.
• Day to day handling of casework and queue management for the Country FCSO team.
• Maintain an awareness and understanding of the bank’s business strategy and align the financial crime surveillance operations program.
• Investigation, perform risk assessment and closure of cases (Risk Relevant and Risk Irrelevant) escalated through business/automated system, for cases that are not suspicious and do not require escalation to FCC.
• Escalate cases to FCC where there is Potentially Suspicious activity (including Internal SAR and /or an exit may be required due to Material Financial Crime concerns)
• Handling of Law Enforcement enquiries.
• Day to day management of legal orders / production orders and conducting related investigations where appropriate (subjected to Guidance from FCC on handling Production Order).
• Performs/ review/investigation and closure of manual cases (Risk Relevant and Risk Irrelevant) created through Production Order/Name screening and other escalation, for cases that are not deemed Higher
• Financial Crime Risk and do not require further escalation to FCC for decision.
• Other activities as per the DOI/Guidance issued by Group from time to time on all Surveillance Activities including Name Screening.
• Day to day processing of Transaction Monitoring (TM) and Name Screening (NS) cases in line with AAA procedures 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, TS and NS with clear narratives.

People & Talent

• 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.

Risk Management

• As applicable to activities managed under FCSO Controls
• Maintain oversight of risk mitigating action plans.

Business

• Analyse comprehensive impact of financial crime related regulatory /law enforcement matters on the relevant business area and operations.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Analyse comprehensive impact of financial crime related regulatory /law enforcement matters on the relevant business area and operations.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Perform duties such as Transaction Monitoring, Global Name Screening, List Management, KCSA/CST checks, Media Monitoring, Alert/Risk Event Investigation, Production Order management and investigation.
• Ensure timely reporting and escalation of significant AML/CFT risk issues to Head FCSO investigation Asia and/or Country Head Financial Crime Compliance.
• Support all control checks undertaken by FCSO under the Operational Risk Framework (ORF).
• Ensure quality assurance is in place on transaction monitoring and customer name screening.

Processes

• Provide management oversight and assume responsibility for the execution of Case Management Prodution Activities (incl. Transaction Monitoring, Transaction Screening, Name Screening and Trade AML) for the country.
• Provide management oversight and assume responsibility for the execution of List Management Activities (incl. Watch List, Exclusion List, Intelligence Exchange) for the country. Ensure all relevant names (LEA orders/enquiries, media monitoring etc.) are uploaded in the local watch-list system. Ensure local watch-list is tuned and is of an acceptable quality. Verify names in Veritas.
• Develop, keep-up-to date and recommend for approval by the relevant Risk Committee, appropriate FCSO Controls policies/procedures/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
• Providing governance and oversight over the implementation of FCSO Controls -related policies and procedures in Country to ensure compliance with such policies and procedures.
• Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name Screening, AML Monitoring and Case Management
• Apply Group and FCSO policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
• Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
• Assess risks arising from products / segments / geographies / customers / transactions.
• Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Anticipate horizon risks in the area of financial crime that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.
• Ensure that the relevant lists and database as used by the screening systems are up-to-date
• Review and assess existing system and controls relevant to FCSO to ascertain operational performance effectiveness.
• Ensure the suitability and quality of case data maintained in various internal trackers including the RFI tracker, TM and NS case logs and relevant List Management logs.

Governance

• Attend relevant meetings.
• Ensure tracking and remediation of surveillance and investigations related regulatory findings.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Propose control improvements, enhancements and simplifications where appropriate.
• Support all control checks undertaken by FCSO under the Operational Risk Framework (ORF).
• Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
• Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCSO function.

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

• CFCC and FCC
• Country Audit
• Country Legal
• Regional FCSO
• GBS AA team

Other Responsibilities

• Embed Here for good and Group’s brand and values in FCSO Nepal; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);
• To support Manager/Country Head FCSO to manage the Nepal Financial Crime Surveillance Operations (FCSO) Team, including but not limited to
• Inputting and updating of names in internal watchlist Veritas escalated from CFCC/FCC as per guidance provided by FCC and conducting reconciliation of such entries.
• Promptly handling of RFI queries, removal of risk, update responses in ECM and subsequently updating CNC tracker
• Providing guidance and training to Case Investigation Specialists and relevant value chain stakeholders (e.g., FCSO-TM AA, FCSO-QCO, and FCSO-NS and other relevant AA team).
• 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.
• Ensure the FCSO ACT DOI is fully adhered to in words and spirit.
• Review and keep up to date the list of clients placed in Heightened/Enhanced monitoring.
• Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.

Qualification

• Education: Master’s degree with relevant experience
• Training: Group’s Anti Money Laundering/ Counter Terrorist Financing Policy and Standards
• Languages: English and Nepali

Role Specific Technical Competencies

• Compliance Policies and Standards
• Surveillance (including Screening and Monitoring)
• Investigations
• Manage Projects
• Manage Conduct
• Manage Change
• Manage people

Application Deadline

Last date of Application: 19 March 2025

Number of Position Vacant: 1

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.

Application Deadline: March 19, 2025

To Apply Visit: jobs.standardchartered.com