Standard Chartered India | Manager, PvB & WM Assurance, EA Region

Responsibilities

• Provide quality assurance testing for CDD files, Wealth Suitability Appropriateness reviews across PvB Advisory and Booking centres globally.
• Maintain a strong working relationship with Process Owners, Risk Framework Owners, Group BRM and the Business to understand overall CDD & PvB Wealth process/practices and areas which create the conditions for CDD risk.
• Conduct monitoring and testing of CDD files to ensure to ensure quality and compliant execution as well as sustainability of bank’s CDD standards and AML/CDD regulations for PvB SG, HK, UK, UAE and Jersey.
• Ensure Quality Assurance results are comprehensive and well documented and accurately identify AML/PEP/Sanctions/CDD risk factors and Wealth Suitability Appropriateness (WSA) reviews / Mis selling / Call Monitoring.
• Maintain the Quality Assurance program, identifying and implementing opportunities for increased effectiveness, efficiency, and risk mitigation.
• Provide analysis and recommendations for the effective management of CDD & WSA risks within PvB under the Group’s Risk Management Framework.
• Ensure that CDD & WSA risk matters are subject to direct remedial action and/or escalation as appropriate.
• Develop appropriate risk-based compliance framework for identifying, assessing, managing, monitoring, mitigating, and reporting risks.
• Analyse and assess Quality Assurance results and validate ongoing remediation or improvement activities in order to determine whether issues identified are systemic and develop appropriate corrective/improvement action plans, as necessary
• Escalate risks to Head, CDD Assurance & Group teams where the residual risks are outside agreed tolerance based on testing/assessment results.

Requirements

• At least 6 years of banking experience with knowledge in PVB CDD requirements.
• At least 5 years of financial services experience with knowledge in Private Banking and Wealth Suitability Appropriateness requirements.
• Knowledge of relevant AML laws/regulatory requirements, particularly with respect to private banking.
• Previous experience in connection with KYC reviews and/or remediation will also be considered.

Standard Chartered

Standard Chartered is an international banking group headquartered in London, with a strong focus on Asia, Africa and the Middle East. It was formed in 1969 through the merger of Standard Bank and The Chartered Bank.

Its Indian global business services centres hire finance professionals for financial control, stress testing, regulatory reporting, tax and risk roles.

• Industry: Banking and financial services
• Headquarters: London, UK
• In India: Present in India for over 150 years, with global business services centres in Bengaluru and Chennai