Associate Director, CFCC Policies & Procedures, Go

Standard Chartered Bank
New York, USA
Jan 28, 2023
Feb 11, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Summary
This role supports the CFCC Governance Policies, Procedures, Training and Regulatory Change Team with key reviews of CFCC Policies, Standards and applicable DOIs. Contribute to the ongoing maintenance of the Financial Crime Americas Program. Conduct gap analysis of regulations against policies and procedures. Develop and track quality metrics. Drive for efficiency across the team. Consult with CFCC SMEs to support the ongoing updates to DOIs, Country Addenda and Dispensations. Support ad hoc projects within the overall CFCC Governance Team. Be able to assess regulatory notices including enforcement actions.
Define key responsibilities to reflect the duties and responsibilities of this role.
  • Develop, keep up to date, and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address conduct and financial crime risks, aligning with relevant regulatory requirements.
  • Document and maintain all core documents, including policies/standards/DOIs.
  • Assist subject matter experts with the creation of any required dispensations and country addenda.
  • Assist in the maintenance of the FCCA Program by conducting an annual regulatory gap analysis, engaging with subject matter experts and management.
  • Producing management information for DFS 504, CFCC committee meetings, and as requested by management.
  • Writing memoranda for management on FCC enforcement actions and updating policies to close any identified gaps.
  • Produce monthly dashboard for Risk Forums.
  • Provide tracking and management support for various processes as requested by the Head, Policies & Procedures.

Develop and maintain an awareness and understanding of the Group's and SC NY branch business strategy and model appropriate to the role.

Develop and maintain an awareness and understanding of the wider business, economic, and market environment in which the Group and SC NY Branch operate.
People & Talent

Demonstrate through professional personal behaviors an understanding of SC's culture and core values .
Risk Management
  • Apply Group and CFCC policies and processes (e.g., AML surveillance, client screening, risk assessment, Code of Conduct) to manage risks.
  • 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.
  • Broad familiarity of Name and Transaction Screening, AML Monitoring and Case Management.
  • Support all control checks undertaken by CFCCA.
  • Assist with the coordination/support the management of audits/exams.
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 US CFCC Governance Team to achieve the outcomes set out in the Bank's Conduct Principles
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
  • Senior CFCC Management in Region and Country
  • Senior Legal Management in Region and Country
  • Business and Function stakeholders
Other Responsibilities
  • Acquire the applicable Compliance and CFCCA certifications within the designated target dates.
  • Help to embed 'Here for Good' and Group's brand and values in the CFCCA Policy, Procedures, and Training Team.
  • Perform other responsibilities assigned under Group, Country, Business, or Functional policies and procedures.
Training, licenses, memberships and certifications
  • Minimum 5 years prior experience in a CFCC role or equivalent
  • ACAMS preferred but not required
  • Self-motivated and self-reliant self-starter, with the ability to complete tasks independently and in a timely manner
  • Ability to handle stressful situations and prioritize competing priorities
  • Plans and organizes tasks and work responsibilities to achieve objectives
  • Correspondent Banking Product knowledge a plus
  • Excellent communication skills (written and oral)
  • Proficient in Microsoft Office - Outlook, Word, Excel, PowerPoint
  • Team Player
  • Strong desire to learn
Role Specific Technical Competencies
  • Compliance Policies and Standards
  • Compliance Advisory
  • Compliance Review and CFCC Assurance
  • Manage Change
  • Manage Projects
  • Investigations
  • Compliance Risk Assessment
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  • 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, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.
  • Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website
Expected annual base pay range for the role is $94,976 to $154,336. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations.
  • You need to sign in to save