Company Description
Standard Chartered Bank Nigeria – We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group’s people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture.
Job Title: Head, Financial Crime Compliance FCC – Nigeria and West Africa
Job Description
The Area and Country Head of FCC is to manage the Area execution of the Anti-Money Laundering “AML”, Sanctions and Anti-Bribery and Corruption “ABC” programs according to Group and local standards, and has a direct management of those FCC country Area capabilities that are hubbed into a regional utility.
Ensure that Group, Region, Area and Country senior management and regulators are provided with assurance that AML/CFT, Sanctions and ABC risks are managed in the Area in line with the Group’s financial crime compliance frameworks and risk tolerance, and local regulatory expectations
Own the execution of the Group’s financial crime compliance frameworks for AML/CFT, Sanctions and ABC in the Area
Ensure that countries identify additional requirements for FCC beyond Group standards and that those additional requirements are implemented as additional controls in the country
Review the case for dispensation from Group standards where requested by the business
Assess risks in the Area through the implementation of a risk assessment process and ensure that an appropriate action plan is in place to address control weaknesses, or that risks are escalated for acceptance to appropriate governance forums
Provide second line oversight of controls owned in the business that are relevant to financial crime, including CDD and transaction screening
Provide investigative research, advice and decision making in relation to higher risk relationships and transactions escalated in accordance with Group processes agreed with Group policy and procedure owners for FCC, e.g. high risk clients identified through CDD process; high risk transactions escalated in line with the Group’s sanctions controls
Execute processes for which FCC is the owner in accordance with the Group’s design, amended as appropriate to meet expectations of local regulators, including AML surveillance, client screening, risk assessment
Manage the escalation of significant events e.g. SARs, sanctions cases with Group stakeholders and external parties as appropriate
Support the Group’s and Region’s network through interaction with colleagues in other Areas within the Africa Region to manage risks efficiently, effectively and consistently across the Group
Identify and share best practices with across countries in the Area and Region and with the Group
Undertake assurance activities in collaboration with colleagues in the business, FCC Compliance Monitoring and GIA
Oversee the appointment of specialist vendors as appropriate
Contribute to the Area FCC Leadership team
Raise the profile of SCB in the Area as leading the way in tackling financial crime, for example through regional focus/benchmarking groups
Where services are hubbed by countries to a Regional centre, the Area Head of FCC is accountable to Country Heads of L&C for those hubbed services provided e.g. AML surveillance and customer screening
Act as key contact point for Heads of ABC, Sanctions, Governance, Controls, Segments & Products in integrating risk management strategy into an operational reality
Form and chair a Area practice, working group to integrate Area Heads into a single, global team as part of the FCC regional management
Ensure there is capacity in line with the Group’s objective for the management of financial crime risks
Standard Chartered Bank Nigeria – We attract talented individuals. Not only can they give you the benefit of their experience, they also reveal a closer, more personal look at the wide range of global opportunities we offer. At the core of the Group’s people strategy is our focus on employee engagement. Engagement is a key driver of productivity and performance, which creates the foundation of our performance culture.
Job Title: Head, Financial Crime Compliance FCC – Nigeria and West Africa
Job Description
The Area and Country Head of FCC is to manage the Area execution of the Anti-Money Laundering “AML”, Sanctions and Anti-Bribery and Corruption “ABC” programs according to Group and local standards, and has a direct management of those FCC country Area capabilities that are hubbed into a regional utility.
Ensure that Group, Region, Area and Country senior management and regulators are provided with assurance that AML/CFT, Sanctions and ABC risks are managed in the Area in line with the Group’s financial crime compliance frameworks and risk tolerance, and local regulatory expectations
Own the execution of the Group’s financial crime compliance frameworks for AML/CFT, Sanctions and ABC in the Area
Ensure that countries identify additional requirements for FCC beyond Group standards and that those additional requirements are implemented as additional controls in the country
Review the case for dispensation from Group standards where requested by the business
Assess risks in the Area through the implementation of a risk assessment process and ensure that an appropriate action plan is in place to address control weaknesses, or that risks are escalated for acceptance to appropriate governance forums
Provide second line oversight of controls owned in the business that are relevant to financial crime, including CDD and transaction screening
Provide investigative research, advice and decision making in relation to higher risk relationships and transactions escalated in accordance with Group processes agreed with Group policy and procedure owners for FCC, e.g. high risk clients identified through CDD process; high risk transactions escalated in line with the Group’s sanctions controls
Execute processes for which FCC is the owner in accordance with the Group’s design, amended as appropriate to meet expectations of local regulators, including AML surveillance, client screening, risk assessment
Manage the escalation of significant events e.g. SARs, sanctions cases with Group stakeholders and external parties as appropriate
Support the Group’s and Region’s network through interaction with colleagues in other Areas within the Africa Region to manage risks efficiently, effectively and consistently across the Group
Identify and share best practices with across countries in the Area and Region and with the Group
Undertake assurance activities in collaboration with colleagues in the business, FCC Compliance Monitoring and GIA
Oversee the appointment of specialist vendors as appropriate
Contribute to the Area FCC Leadership team
Raise the profile of SCB in the Area as leading the way in tackling financial crime, for example through regional focus/benchmarking groups
Where services are hubbed by countries to a Regional centre, the Area Head of FCC is accountable to Country Heads of L&C for those hubbed services provided e.g. AML surveillance and customer screening
Act as key contact point for Heads of ABC, Sanctions, Governance, Controls, Segments & Products in integrating risk management strategy into an operational reality
Form and chair a Area practice, working group to integrate Area Heads into a single, global team as part of the FCC regional management
Ensure there is capacity in line with the Group’s objective for the management of financial crime risks
Job Category
Banking
Job Qualification
BA, BSc, HND
Job Location
Lagos
Method of Application
APPLY HERE
Application Closing Date
Not Stated
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Standard Chartered Bank Nigeria (Head, Financial Crime Compliance)
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