Roles And Responsibilities
Standard Chartered Bank provides end-to-end Know Your Customer (KYC) remediation, including identification, verification, unwrapping shareholding structure and sourcing of documents and Politically Exposed Person (PEP) screening. Also review all existing KYC documentation and perform a gap analysis of prevailing regulations in that geography. We deliver operations support for ongoing KYC and support in surge requirements for remediation efforts.
KYC Remediation: -
- Review customer profiles and documentation for completeness
- Perform Customer Identification Procedures (CIP) according to applicable guidelines
- Identify beneficial shareholders and provide background screening
- Screens for sanctions and negative news ( Adverse Media report )
- Provide risk profiling and Enhanced Due Diligence (EDD) if necessary.
Alert Reviews: -
- Classify based on severity and frequency; match basic customer profile
- Match past transaction history and SAR filings
- Investigate cases in detail and provide individual follow-ups if required
Ongoing PEP Screening: -
- Screening customers against consolidated PEP databases
- Match rules based on primary alerts information.
- Conduct research on external databases.
- Confirm true matches for compliance verification.
Sanction Screening: -
- Perform data analytics and alert classifications.
- Matching of basic profile information
- Conducting research on external databases
- Confirming transaction hold or release
Unwrapping Process: -
- Collect the company ROC report
- Prepare the company share holding pattern
- Arrange all the share holding company/individuals KYC document
- Find out the Ultimate Beneficiary Ownership
Strategy
- Responsibilities that are related to the development and implementation of a strategy, for example, Awareness and understanding of the Group’s business strategy and model appropriate to the role.
Business
- Responsibilities related to the delivery of business and / or financial objectives, for example, Awareness and understanding of the wider business, economic and market environment in which the Group operates.
Processes
- Drive continuous improvement of the operational efficiency and effectiveness of processes to increase the consistency of systems and processes.
- Support the framework for effective management of operational risks across the Business and compliance with applicable internal policies, and external laws and regulations at a global level.
- Support the execution of Business strategy in a safe and well-controlled manner and on an end-to-end basis – incorporating infrastructure requirements and ensuring that they are fit-for-growth.
- Conduct regular and timely customer due diligence (CDD) reviews.
- Ensure CDD profiles are error free for timely sign off.
- Follow and comply with AML CDD policies and procedures where applicable.
- Identify KYC issues, provide solution or escalate to line manager if necessary.
- Ensure internal / external KYC requirements are adhered to AML CDD policies and procedures.
- Timely handling of customer issues, complaints, and product enquiries in accordance with established procedures
People & Talent
- Embed the Group’s values and culture.
- Coach peers and more junior staff as appropriate.
- Partner effectively with internal stakeholders to deliver effective client solutions.
Risk Management
- Abide by appropriate frameworks to guarantee that business is carried out within the Group’s risk appetite and relevant risks are appropriately managed in conjunction with line managers other stakeholders.
- Ensure compliance with the highest standards of regulatory conduct and compliance standards and practices as defined by internal and external requirements. This includes compliance with regulations and guidelines on Sanctions, Anti-Money Laundering (AML), and Environmental and Social Risk Management (ESRM).
- Abide by the Group’s values and code of conduct and foster a robust culture to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees.
- Ensure that Risk Management matters that are brought to the job holder’s attention are subject to direct remedial action and/or ensure adequate reporting to the relevant superiors and/or Risk Committees.
- Do what is right in order to avoid reputational risks and operational losses
Governance
- Ensure relevant systems and controls pertaining to the role remit are in compliance with Group and Business policies, procedures, standards and codes, including those governing all Risk types, Compliance, Operational Risk, Technology and Operations, Finance and Reputation
- Ensure adherence with the following Regulatory Compliance policies and processes (as is applicable):
- Anti-Money Laundering (AML) and all applicable money laundering prevention procedures
- Client Due Diligence & Related Periodic Reviews
- Client Suitability Standards
- Treating Customers Fairly
- Approval & review of Credit Applications
- Maintain Documentary standards
- Data Confidentiality
- Cross-Border Policy
- Sanctions
- Environmental and Social Risk Management (ESRM)
- Anti-Bribery and Corruption (ABC)
- Embed the Group’s values and code of conduct to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among employees form part of the culture
- Engage with all audit report findings and ensure feedback is acted upo
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 Business 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
Key stakeholders
- Colleagues in BB and CDD teams, Product, Risk, Compliance and other support Functions and Businesses
Other Responsibilities
- Embed Here for good and the Group’s brand and values.
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
- Work effectively across SCB, using values behaviours to drive overall business growth.
Qualifications
- Education: Minimum Graduation / Mba / Pgdbm
- Training: Minimum [2 To 6] years of relevant experience in serving business/commercial/corporate clients. Experience in servicing international businesses under the cross-border context .
- Languages: English / Hindi / Local Language
Skills And Experience
- M S Word
- Excel
- PowerPoint
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.
