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Analyst-Financial Crime Compliance Controls - (2000001971)

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

Business:

  • 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.

Processes:

  • 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.
  • Providing governance and oversight over the implementation of FCC-related policies and procedures in Country to ensure compliance with such policies and procedures.
  • Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions/ABC.

Risk Management:

  • Ensure the suitability and quality of case data maintained on enterprise case management systems.
  • Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management etc.
  • Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring systems.
  • Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
  • Review and assess existing system and controls relevant to FCC to ascertain operational performance and effectiveness.
  • Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
  • Ensure that the relevant lists and database as used by the screening systems are up to date.
  • 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.
  • Advise relevant stakeholders on outcomes of AML/Sanctions/ABC 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 inputs to support calibration of bank’s Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
  • Support delivery of annual Global AML, ABC and Sanctions Risk Assessments.

Governance:

  • Propose control improvements, enhancements and simplifications where appropriate.
  • Support all control checks undertaken by FCC 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 FCC function.
  • Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
  • Support the achievement of CFCRC objectives

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.
  • Lead the country to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients
  • Effective Operation of Financial Markets; Financial Crime Prevention
  • The Right Environment
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Abiding by local regulatory prescribed responsibilities (FIC; BOZ).

Key Stakeholders:

  • The Financial Intelligence Centre (FIC)
  • Bank of Zambia (BOZ)
  • Law Enforcement Agencies (DEC, ACC, Police, ZRA, etc)
  • Other Banks (Financial Crime Compliance Teams)
  • Retail Banking
  • Global Banking
  • Commercial Banking

Other Responsibilities:

  • Embed Here for good and Group’s brand and values in Zambia.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

How to Apply

Submit your CV and application on company website:

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Standard Chartered Bank Zambia Plc
Standard Chartered Bank Zambia Plc
Lusaka
Personal banking
Business banking
Corporate finance
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Currently, Standard Chartered Bank Zambia has a total of 25 outlets across the country and 47 automated teller machines (ATMs), with four being electronic banking centres. The bank has a presence in six of Zambia's ten provinces with branches in the Copperbelt, Lusaka, Northern, North Western, Southern and Western provinces. Standard Chartered Bank Zambia offers a wide array of services that encompass personal and business banking, corporate finance, investment, loans and personal life insurance.
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