Head Sanctions Risk Analysis and Control

  • Job category
    Banking and Finance, Risk Management
  • Job level
    Middle Management
  • Contract type
    Permanent, Full Time
  • Location
  • Salary
    S$13000 - S$26000

Job Description

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities


• Ensure that there is adequate support (people, process, tools, framework, systems) in the ASA region for necessary FCC Controls

• To manage within tolerance the risk of financial, regulatory or reputational loss to SCB by assisting the business and support units to meet the Sanctions requirements of the Group and all applicable local laws, rules and regulations concerning sanctions


• Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications.

• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.

• Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.


• Providing governance and oversight over the implementation of FCC-related policies and procedures in ASA to ensure compliance with such policies and procedures.

• Manage and/or resolve alerts/cases (names, transactions, Customer Sanctions Review).

People and Talent

• Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.

• 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

• Collaborate with training teams to input to training curriculum to support closing of capability gaps

• Deliver/Support Sanctions training programs to meet training needs of the business

• Deliver/support Sanctions training programs to meet the training needs of FCC

• Ensure staff in FCC ASA Sanctions Investigations teams have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions

Risk Management

• Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, and Case Management.

• Establish and maintain watch lists used for customer and transaction screening and various other due diligence and investigative purposes (local/regional internal and external).

• Provide advice on the application of risk management frameworks (e.g. ORF, GRA).

• Apply Group and FCC 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.

• Identify financial crime risk indicators through various internal/external sources that impact SCB and its clients.

• Implement Sanctions risks identification and assessment methodologies.

• Advise relevant stakeholders on outcomes of [Sanctions] risks identification and assessment methodologies.

• Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.

• Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.


• Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).

• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.

• 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 FCC 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

• Senior FCC Management in the region

• Senior Legal and compliance Management in the region

• Sanctions authorities in the region

• Regional and Functional partners in the region and across other regions

Our Ideal Candidate

• Degree in Business Management or similar certifications / Diploma certifications

• ACAMS/International Compliance Association certification

• 8+ years of relevant experience Sanctions Risk Analysis and Control

Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages. We welcome conversations on flexible working.

Closing on 15 Dec 2021

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