Job Description
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Conduct Client Due Diligence (CDD) and account opening on Wholesale Banking clients and related activities including Financial Crime Risk.
Update the OCC team with the CDD and account opening guidelines, regulations and processes. Ensure there is robust CDD system in place with high quality of data integrity and monitoring Ensure Maintenance of a healthy business environment through strict Compliance with AML and Operational Risk Standards, as defined by the Group and Local Regulatory Authorities. | |
Key Roles & Responsibilities
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Origination
Ensure timely completion of account opening formalities of the client including collection of documents, signature verification etc., by liaising with cash operations & the CCM – Specialist teams. Client on-boarding & deal execution. Work with the CDD team to ensure eCDDs are created and renewed on time. Account Management and portfolio quality. Working with Relationship Managers to understand the client, correctly assess the client’s AML Risk, gather documentation from publicly available resources, liaise with clients / other departments (wherever required) and produce high quality & timely CDDs and statistical reporting. Use SCB systems (i.e. eCDD) to record, renew and maintain records of CDDs and account opening. Endeavour to ensure that there are no overdue CDDs. Provide Relationship Managers with insights into clients’ Anti-Money Laundering (AML) risk and develop an understanding of Industry sector, client information and other relevant factors that could impact the Bank’s AML risk. Liaise actively with the CDD QA, Relationship Managers and members of the Operational Risk and Compliance functions. Maintain CDD at the highest level of quality to protect the Bank from regulatory risk which could result into financial and reputational damage. Act as a point of contact for the CMLPO or Transaction Monitoring Unit (TMU) when CDD information is required from OCC in relation to investigations. Enhance the customer experience by ensuring that CDD and account opening is customer centric and straight forward Ensure that relevant OCC staffs know who to contact in the business for advice on the details of WB CDD requirements for account opening. Update the OCC team with CDD and account opening guidelines, regulations and processes. Constantly review the process, system and provide feedback to appropriate authorities. Ensure that relevant OCC staffs have sufficient knowledge of the WB CDD and account opening process to do their work. Assist in disseminating CDD related training and communications to the OCC community and to implement new policies, processes or systems which relate to the CDD model. Assist in FCR/AML tasks and ensure outcome meets the minimum deliverables required in each case assigned. Ensure correctness of data in SCI/CRM/CPPR, etc. Attend portfolio review meetings along with RM/CA/Team leaders. Ensure compliance of all internal/regulatory policies & regulations. Remain Alert to the risk of Money laundering and assist in the Bank’s effort in combating it by adhering to the key principles in relation to: ”identifying your customer, knowing your customer, reporting suspicions, safeguarding records and not disclosing suspicions to customers” | |
Diversity & Inclusion
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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.
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CIC Generalist at Standard Chartered
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