Associate Director, Sanctions
Standard Chartered
This is a Full-time position in Newark, NJ posted February 6, 2022.
Job
: Compliance
Primary Location
: Europe & Americas-United States-Newark
Schedule
: Full-time
Employee Status
: Permanent
Posting Date
: 01/Feb/2022, 7:03:17 PM
Unposting Date
: Ongoing
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit.
It's about showing how you embody our valued behaviours
– do the right thing, better together and never settle
– as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture
– one where everyone can realise their full potential and make a positive contribution to our organisation.
This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
Financial Crimes Compliance, Sanctions Europe Si Americas (“FCCEA Sanctions”) provides advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and Group Sanctions Policy and Procedures on an ongoing basis.
Strategy
FCCEA Sanctions, provides regulatory and compliance advice to business and control units on an ongoing basis.
These efforts involve responding to questions and issues as they arise and proactively keeping business units apprised of regulatory developments and Group policy changes.
FCCEA Sanctions, along with other control functions, manages supervisory and Monitor queries, and advises Operations on transactions prior to execution.
FCCEA Sanctions administers the Group Sanctions Policy in the Europe Region, including its implementation in accordance with Group standards, as well as the provision of targeted sanctions compliance training.
Business
Provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices, and Group Sanctions Policy and Procedures.
Analyse comprehensive impact of anti-financial crime related regulatory matters on relevant business area(s) and its operations.
Ensure that key changes (to laws, rules, regulations) are implemented (in region/country), in coordination with Group communications.
Support relevant stakeholders to make decisions based on current internal and external requirements, practices and trends.
Processes
Make decisions on whether to propose a transaction for block or reject and reporting to OFAC to the Head, Sanctions Governance & OFAC Reporting, pursuant to OFAC regulations.
Pro-actively engage and collaborate with stakeholders and articulate decision rationale for transaction and name screening cases, as well as adhoc inquiries.
Identify and investigate fact patterns on escalated matters requiring application of applicable sanctions regulations in concert with internal Group Sanctions Policy and Procedures.
