Job Description
• To analyse and input AML alerts in line with the Trade AML procedure document and Red Flag document based on source reports.
• To escalate any positive alerts to Trade AML Advisors.
• To assist the Trade AML team in implementation of Trade AML policies in line with the procedures in vogue.
• Handling of Financial Markets Third Party Payment (FM TPP) events
Key Responsibilities
• Review post transaction alerts from an AML perspective via Trade AML.
• Ensure that appropriate systems, procedures and controls are followed up in reviewing and uploading the alerts in Trade AML system
• Ensure timely submissions of monthly MIS with respect to AML alerts
• Ensure timely review and escalation of alerts via Trade AML system to Trade AML advisors.
• Provide support for Trade AML rollout across all markets in line with group implementation plan
• Provide support for IT initiatives/ issues with respect to Trade AML system in use by Operations/ AML Advisors.
• Provide support BCP / DR testing
• Undertaking local/ international certifications relating to AML as appropriate.
• Initiate and drive operational excellence activities as applicable.
• Help the trade AML team in securing Acceptable audit ratings for the unit and ensure timely resolution of audit and AML risk related issues
• Ensure completion of the organization ILDP program
• Provide inputs to the training team on AML as required
• Conduct regular connects with the Operations team in Trade, to share cases and new learning, if any.
• Ensure low levels of attrition in the AML team.
• Conduct regular skip levels with the staff in the team to ensure employee morale is high
• To keep the team updated on important aspects of AML policies and procedures from time to time so that the entire team is up the speed with the current policies.
Risk Management
• Analyse significant financial crime risk events (e.g. non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions.
• Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
Governance
• 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.
• Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
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 FCSO 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.
People and talent
• Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
Project/change management
• Review new business requirements and provide solutions where required.
Key Stakeholders
• FCC / RFCIO
• Head of Trade Services and their management team
• Trade AML Advisors & Management team
Key Measurables
• Timely completion of Trade AML Alerts investigation and upload into the workflow system.
• Successful system implementation whenever applicable
• Compliance with Trade AML Policies and Procedures.
Other Responsibilities
• Embed Here for good and Group s brand and values in FCSO,
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Interpretation of and consultations on AML related requirements
• System implementation and enhancement
• Audit and reviews
Our Ideal Candidate
• For Band 5: 3 to 4 years of relevant work experience in the following areas:
• Professional with a combination of Trade and AML knowledge
• Effective collaborative skills that contribute to positive working relationships with counterparts across the team
• Understanding of relevant Group, Trade AML policies and standards, including FM TPP
• Good written and verbal communication skills.
• Good judgment
• An inquisitive approach to practices and procedures.
• Personal authority and integrity.
• Independence and resilience.
Role Specific Technical Competencies
• LEADERSHIP COMPETENCIES
• Spot Opportunities
• Solve Problems
• Take the Lead
• Build Resilience
• Collaborate
• Communicate
• Deliver Sustainably
• Achieve Results
TECHNICAL COMPETENCIES
• Compliance Policies and Standards
• Compliance Advisory
• Compliance Review and FCC Assurance
• Surveillance (including Screening and Monitoring)
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison
• Manage Change
• Manage Projects
• To escalate any positive alerts to Trade AML Advisors.
• To assist the Trade AML team in implementation of Trade AML policies in line with the procedures in vogue.
• Handling of Financial Markets Third Party Payment (FM TPP) events
Key Responsibilities
• Review post transaction alerts from an AML perspective via Trade AML.
• Ensure that appropriate systems, procedures and controls are followed up in reviewing and uploading the alerts in Trade AML system
• Ensure timely submissions of monthly MIS with respect to AML alerts
• Ensure timely review and escalation of alerts via Trade AML system to Trade AML advisors.
• Provide support for Trade AML rollout across all markets in line with group implementation plan
• Provide support for IT initiatives/ issues with respect to Trade AML system in use by Operations/ AML Advisors.
• Provide support BCP / DR testing
• Undertaking local/ international certifications relating to AML as appropriate.
• Initiate and drive operational excellence activities as applicable.
• Help the trade AML team in securing Acceptable audit ratings for the unit and ensure timely resolution of audit and AML risk related issues
• Ensure completion of the organization ILDP program
• Provide inputs to the training team on AML as required
• Conduct regular connects with the Operations team in Trade, to share cases and new learning, if any.
• Ensure low levels of attrition in the AML team.
• Conduct regular skip levels with the staff in the team to ensure employee morale is high
• To keep the team updated on important aspects of AML policies and procedures from time to time so that the entire team is up the speed with the current policies.
Risk Management
• Analyse significant financial crime risk events (e.g. non-compliant transactions, production orders) to ensure that all connected parties, particularly cross-border are identified and reported at the appropriate levels internally across all relevant jurisdictions.
• Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
Governance
• 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.
• Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
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 FCSO 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.
People and talent
• Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
Project/change management
• Review new business requirements and provide solutions where required.
Key Stakeholders
• FCC / RFCIO
• Head of Trade Services and their management team
• Trade AML Advisors & Management team
Key Measurables
• Timely completion of Trade AML Alerts investigation and upload into the workflow system.
• Successful system implementation whenever applicable
• Compliance with Trade AML Policies and Procedures.
Other Responsibilities
• Embed Here for good and Group s brand and values in FCSO,
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Interpretation of and consultations on AML related requirements
• System implementation and enhancement
• Audit and reviews
Our Ideal Candidate
• For Band 5: 3 to 4 years of relevant work experience in the following areas:
• Professional with a combination of Trade and AML knowledge
• Effective collaborative skills that contribute to positive working relationships with counterparts across the team
• Understanding of relevant Group, Trade AML policies and standards, including FM TPP
• Good written and verbal communication skills.
• Good judgment
• An inquisitive approach to practices and procedures.
• Personal authority and integrity.
• Independence and resilience.
Role Specific Technical Competencies
• LEADERSHIP COMPETENCIES
• Spot Opportunities
• Solve Problems
• Take the Lead
• Build Resilience
• Collaborate
• Communicate
• Deliver Sustainably
• Achieve Results
TECHNICAL COMPETENCIES
• Compliance Policies and Standards
• Compliance Advisory
• Compliance Review and FCC Assurance
• Surveillance (including Screening and Monitoring)
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison
• Manage Change
• Manage Projects
💡 Quick Summary
Seeking a career-building opportunity? The Assistant Manager| Trade AML| FCSO position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
