Overview

Associate, Regional Correspondent Banking Due Diligence Advisory Jobs in Dubai – UAE at Standard Chartered

Title: Associate, Regional Correspondent Banking Due Diligence Advisory

Company: Standard Chartered

Location: Dubai – UAE

Type: Full Time


Category: Finance, Banking

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

Subject Matter Expertise and Leadership

Work with the CB business team globally.

BSA/AML and sanctions exposure with focus in global trade, transaction banking, FX, loans and syndications.

Facilitate as an underwriter for AML/FC risk and assist to ultimately uplift the quality of CDD files.

Assist in conducting targeted reviews and visitations with correspondent bank clients to follow-up on pertinent concerns identified by Compliance or the line of business as well as visit new/potential correspondent client Financial Institutions (FIs) to discuss and assess their compliance management programs.

Work closely with Financial Crime Compliance (FCC) Correspondent Banking FI Due Diligence team, trade and payment product partners to identify emerging trends and high risk transactions and activities to take appropriate measures to mitigate the risks including restriction of transactions to account closures including managing suspicious activity reporting and unusual activity reporting for the portfolio.

Assist in Identifying emerging risk trends within the portfolio and take appropriate remediation action steps to manage/mitigate the risks including updating senior management and various stake holders through situation update reports.

Review monthly MIS and client specific dashboards including SARs, NCTs, IAEs and RFIs


Policies and Procedures

Work closely with different lines of business compliance and financial crime teams to ensure that the business meets local and bank wide policies and procedures through different reporting to various stakeholders and bank regulators.

Work with FCC to ensure policy and procedures are aligned with regulatory requirements and are operationally feasible.

Training & Culture of Conduct

Help identify training needs.

Reporting and Governance

Provide support in implementing a strong governance framework.

Support internal audits and regulatory exams and assist to address, remediate and mitigate high risk clients, high risk issues impacting at the portfolio level.

Support the facilitation and fulfillment of requirements as a result of external and internal exams.

Support management on regulatory presentations and requests.

Develop, track and follow-up on issues, action plans and escalation reports stemming from AML-related governance to ensure timely response and action.

Facilitate in identification and escalation of potential risks and issues to senior management through appropriate governance channels.

Assist in proactively monitoring correspondent banking portfolio transaction monitoring reports and dashboards.

Facilitate in monitoring operational effectiveness and help to provide overall oversight of financial crime risk related respo…

 

About Standard Chartered