QA Transaction Monitoring

Job Summary

Strategy
•    Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the respective team for necessary FCC controls.

Business
•    Produce quality QCO review output - Undertake a broad range of QCO reviews of FCSO Risk Irrelevant closures with appropriately calibrated error classification. Ensuring that all reviews are completed to a high standard, in line with internal timelines and in line with AAA and FCC Policy and Procedures

Processes
•    Publish quality control results and lead discussions with the investigative teams to highlighted identified exceptions and thematic trends, if any
•    Adhere to expected deadlines as stated in the DOI’s through proper work-flow planning with existing resources and recommend appropriate process/DOI changes where required
•    Participate in weekly/bi-weekly/monthly business meeting as required and provide an update on the QCO results as required to the forum.

People & 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.
•    Ensure the respective team is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.
•    Ensure staff in the respective team have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.

Key Responsibilities

Risk Management
•    Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
•    Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management.
•    QC outcome including supervisory checks to be shared with OR testing team for performance of CST/KCI

Governance
•    Propose control improvements, enhancements and simplifications where appropriate.
•    Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Control Outcome framework.
•    In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.
•    Collate, analyse and and identify key thematic trends in QCO results and report/assist in reporting to senior management and relevant governance/risk committees. Assist in reporting of QCO of key regulatory/audit action items, if any.
•    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

•    FCC Controls representatives in group and country.
•    FCSO processing teams
•    Internal and External reviewers

Other Responsibilities

• Embed Here for good and Group’s brand and values in India/ OPS FCSO Reg Ctrl&Risk Mgt/ FCSO QCO, Bangalore; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); [List all responsibilities associated with the role]

Skills and Experience

• Compliance Policies and Standards    
• Compliance Advisory    
• Compliance Review and FCC Assurance    
• Surveillance (including Screening and Monitoring)    
• Compliance Risk Assessment

Qualifications

• EDUCATION     BACHELORS DEGREE
• CERTIFICATIONS     ACAMS PREFERRED BUT NOT REQUIRED
• LANGUAGES     EXCELLENT COMMUNICATION IN ENGLISH (ARTICULATION AND WRITING).