Specialist, Conduct, Financial Crime Compliance (qatari Nationals Preferred)
Doha, Qatar
Job Description
Job : Compliance
Primary Location : Africa & Middle East-Qatar-Doha
Schedule : Full-time
Employee Status : Permanent
Posting Date : 07/Apr/2023, 3:13:12 AM
Unposting Date : 08/Apr/2023, 5:59:00 PM
JOB SUMMARY
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:
JOB SUMMARY
- Providing support to the CFCC (Conduct, Financial Crime Compliance) function in Qatar and providing the Management with confidence that businesses and functions are operating within prevailing laws, regulations and operational risk tolerances, that operational risk management practice is consistent with Group procedures, and that associated control effort is proportionate to risk.
- To provide independent assurance of compliance to internal and external obligations through Compliance Monitoring Reviews.
- Establish and maintain frameworks within Qatar to ensure compliance with applicable banking regulations, internal policies, procedures and codes so as to protect the reputation of the bank with its regulators and balance the needs of other stakeholders.
- To maintain close and open relationships with the regulators in Qatar
- Updating compliance tracker and ensuring all regulatory correspondents are shared with the relevant departments and action is take in a trimly manner
- Set the standards relating to adequacy/retention of internal and customer records in accordance with Group and local regulatory requirements.
- Ensure functions in area of responsibility to operate in accordance with Group policies and standards and regulatory requirements.
- Establish and maintain framework to ensure the systems of management information in functions in area of responsibility are appropriate to the nature, scale and complexity of their operations.
- Help establish and maintain virtual CRM/RMF organizational set up in the businesses/functions in the CRM/RMF framework and coordinate with the business heads to ensure their effectiveness.
- Provides functional leadership and strategic direction, embedding a high performance culture within the CFCC function.
- Supports the HoC to ensure that all elements of the function work to a collective strategic agenda, providing an integrated risk management capability.
- Establish and maintain framework for functions within area of responsibility to operate within agreed strategy.
- Analyse comprehensive impact of Compliance matters on the relevant business areas and their operations.
- Ensure that key changes laws, rules and regulations are communicated and cascaded in coordination with Group communications.
- Support relevant stakeholders to make decisions based on current and possible future policies practice and trends.
- Ensure adequate advice is provided to the relevant stakeholders on the interpretation and application of regulatory expectations, laws best practices and policies related to Compliance.
- Proactively engage with stakeholders to ensure that the LC function\xe2\x80\x99s objectives and priorities are aligned with business direction and those operational risks, including regulatory and financial crime are considered through the product life-cycle.
- Maintain an inventory of local CFCC policies and regulations as well as Group Standards.
- Ensure that the Group is notified of material regulatory issues arising in the Qatar in accordance with Group policies.
- Implement the Compliance Risk Management framework in Qatar in accordance with Group Standards and ensure its effectiveness across the businesses.
- Support implementation of appropriate policies/processes/DOIs to address Compliance risks, aligning them with relevant regulatory requirements.
- Provide support and challenge to the stakeholders to ensure that they establish and monitor appropriate process for compliance with Compliance policies, procedures and standards including meeting regulatory obligations and maintaining high standards of culture.
- Provide governance and oversight of the implementation of Compliance related policies and procedures in Qatar to ensure Compliance with such policies and procedures.
- Ensures that people development and succession planning are integral elements of team management
- Establishes and maintains the overall CFCC training plan, covering all staff in the country, including CFCC function
- Provides stakeholders with the advice necessary to ensure that the Bank and its subsidiaries operate in accordance with relevant local requirements and standards of the regulatory system, Group standards, and the code of conduct so as to protect and enhance the reputation of the Bank.
- Ensures product level compliance with laws and regulations and Group policies through a detailed understanding of local regulatory requirements and close coordination with Group product specialists.
- Sets and maintains standards of regulatory risk management through an effective process of risk identification, assessment, mitigation.
- Uses an in-depth understanding of the regulatory environment to proactively seek opportunities for business expansion or more efficient operation.
- Provides assurance of compliance to key obligations through the delivery of a comprehensive risk-based Compliance Monitoring program.
- Ensure lessons learned from audit findings Compliance assurance activities and specific investigations are prepared and cascaded to relevant stakeholders.
- Support the product programme and country addendum framework in Qatar.
- Support new initiatives from the Group impacting the CFCC function.
- Display exemplary conduct and live by the Group\xe2\x80\x99s 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 Qatar to achieve the outcomes set out in the Bank\xe2\x80\x99s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Qatar Central Bank and Qatar Financial Markets Authority prescribed responsibilities
- Collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters
- Relevant Qatar Regulators
- Heads of Business and functions in Qatar
- GIA
- Embed Here for good and Group\xe2\x80\x99s brand and values in Qatar,
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
- Thorough knowledge of banking regulations in Qatar and Group policies as well as country customized policies.
- Strong analytical skills.
- Good judgment enabling the provision of sound advice on regulatory matters.
- Personal authority, integrity and ethics.
- An inquisitive approach to practices, procedures and specific transactions.
- Ability to manage and give leadership to subordinates.
- Independence and robustness.
- 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
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.
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Job Detail
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Job IdJD1537445
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDoha, Qatar
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EducationNot mentioned