Responsible Person - Banking Operations at Standard Chartered Bank

Job description

To undertake periodic self-assessments on key controls and retaining evidence thereof within timelines to assess the proper functioning and adequacy of existing controls.
To facilitate in obtaining and submitting accurate Residual Risk Ratings.
To assist in identifying, reviewing applicability and promoting understanding of the operational risk framework and in implementation and management of OR within the unit.
To work with unit to ensure unit is audit ready, 100% compliant with applicable Policies & Procedures.

Key Roles and Responsibilities

Risk

• Act as OR Coordinator for Banking Operations reporting OR issues and losses to Manager Banking Operations and UORM.
• To assist the UORM in developing and updating procedures, controls and monitoring plans for OR management.
• To identify and report all exceptions on non compliance with standard controls.
• Conduct Control Sample Tests (CSTs) in Banking Operations department.
• Ensure that Banking Operations monitoring plans in Compliance Risk Management system are kept up to date and in current status and relevant department procedures are updated and documented.
• Identify themes emanating from record of errors & customer complaints and discuss with UORM.
• To proactively monitor and manage operational risks, system risks and channel risks of the products and to highlight any potential and actual breakdown of controls via KPIs and risk exception reporting.
• Ensure compliance with Group's standards and local regulatory requirements pertaining to Money Laundering and KYC.
• Exercise vigilance against fraudulent transactions and identification of potential operational risks encountered during the conducting of internal control checks
• To maintain independence in the conduct of CSTs, i.e. not selecting and reviewing sample of self-performed transactions.
• Monitor and ensure that service reviews with service providers are undertaken periodically, meetings held are minuted and action points are resolved as per target timelines.
• To contribute to the effectiveness of the department's BCP, actively participate in the BCP testing, provide timely feedback on BCP matters and make self available during contingency situations.
• Conducting dipsticks for processes in Banking Operations and reporting findings to Manager of Banking Operations.
• Proactively identify and escalate risk issues to the Manager of Banking Operations and UORM.
• To maintain proper record keeping on all CST related activities.

AML Policy.

• Ensure that Sanctions Screening activities are performed in accordance with Group Policy
• Ensure that all suspicious transactions and incidence of money laundering are reported in line with Group Policy and Standards, local legal and regulatory requirements"

Qualifications and Skills

• 3-5 years relevant experience
• Previous experience in performing Control Sample Testing (CST)
• Working understanding of Group Operationals Risk Framework (ORF)
• Ability to work efficiently and quickly under pressure to meet tight and demanding deadlines
• Good knowledge of the Group's Policies & Standards relating to operations and relevant local regulations and legislation
• Strong organizational and time management
• Must have good interpersonal, oral and written communication skills
• Good computer skills (excel, ppt, word)
• Must possess a high level of motivation and initiative
• Must be mature, assertive and professional in conduct and attitude
• Must be a team player who can work with minimum supervision

Diversity and Inclusion

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.