Verified Job
Accounting - Finance
Associate Vice President PVB CDD
Accounting - Finance
#299150
Remote / WFH
Job Description
The Role Responsibilities
Job Role
Lead role to handle a team responsible for delivering PVB CDD and Operations related activities.
Key Responsibilities
• Promote the spirit of continuous improvement by flagging any procedural issues that impact delivery of responsibilities with suggestions improvements and work around.
• Ensures all conclusions and rationale to support decisions are clearly and concisely documented in systems of record to withstand regulatory and audit scrutiny.
• Comply to agreed Turn Around Times for assigned activities as detailed in the Document Operating Instructions and the Service Level Agreements.
• Advise on and escalate higher risk relationships and reputation risks arising from CDD to Compliance or Local Client Committee (LCC).
• Leverage on expertise and train the frontline in order to produce high quality SOW and complete Account Opening Pack to avoid rework.
• Review the quality of the Static Information if it meets all set standards for Account Opening, Maintenance and Trigger review.
• Provide a final recommendation to proceed/not proceed on accounts submitted for Account Opening or Account Maintenance.
• Determine and advice the frontline if other searches are needed to supplement those already done for Account Opening.
• Review / Perform other Due Diligence requirements such as adverse media findings, Sanctions link, Tax red flags, etc.
• Review client onboarding and maintenance requirement against all set standards for Enhanced Client Due Diligence.
• Act as SME for implementation and controls for daily processes and assist with the update of procedures.
• Partner with functional experts (i.e. Legal, Compliance, Financial Crime compliance) as needed.
• Identifies and escalates potentially suspicious activity in accordance with internal procedures.
• Advise on PvB CDD policy and procedures and applicable local laws and regulations.
• Collaborate with RMs in completing due diligence.
• Perform / Review source of wealth corroboration.
• Manage people.
Strategy
• Awareness of PVB business.
Business
• Awareness of PVB business.
Processes
• PVB CDD and Onboarding Operations.
People and Talent
• Lead through example and manage talents effectively.
Risk Management
• Remain vigilant and play a role of 2nd line of defence.
Governance
• Maintain continuous governance on the activities handled.
Regulatory and Business Conduct
• Display exemplary conduct and live by the Group's 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 to achieve the outcomes set out in the Bank's 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.
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.
Key Stakeholders
• Group PVB COB
• Country PVB Onboarding heads
• Country BRM
• GBS BRM
Other Responsibilities
• Embed Here for good and Group's brand and values in the team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
• UG or equivalent
Role Specific Technical Competencies
• Written and Oral Communication
• Knowledge on PVB business
• Stakeholder management
• Usage of MS Excel
• Knowledge on CDD
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
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.
Visit our careers website
Job Role
Lead role to handle a team responsible for delivering PVB CDD and Operations related activities.
Key Responsibilities
• Promote the spirit of continuous improvement by flagging any procedural issues that impact delivery of responsibilities with suggestions improvements and work around.
• Ensures all conclusions and rationale to support decisions are clearly and concisely documented in systems of record to withstand regulatory and audit scrutiny.
• Comply to agreed Turn Around Times for assigned activities as detailed in the Document Operating Instructions and the Service Level Agreements.
• Advise on and escalate higher risk relationships and reputation risks arising from CDD to Compliance or Local Client Committee (LCC).
• Leverage on expertise and train the frontline in order to produce high quality SOW and complete Account Opening Pack to avoid rework.
• Review the quality of the Static Information if it meets all set standards for Account Opening, Maintenance and Trigger review.
• Provide a final recommendation to proceed/not proceed on accounts submitted for Account Opening or Account Maintenance.
• Determine and advice the frontline if other searches are needed to supplement those already done for Account Opening.
• Review / Perform other Due Diligence requirements such as adverse media findings, Sanctions link, Tax red flags, etc.
• Review client onboarding and maintenance requirement against all set standards for Enhanced Client Due Diligence.
• Act as SME for implementation and controls for daily processes and assist with the update of procedures.
• Partner with functional experts (i.e. Legal, Compliance, Financial Crime compliance) as needed.
• Identifies and escalates potentially suspicious activity in accordance with internal procedures.
• Advise on PvB CDD policy and procedures and applicable local laws and regulations.
• Collaborate with RMs in completing due diligence.
• Perform / Review source of wealth corroboration.
• Manage people.
Strategy
• Awareness of PVB business.
Business
• Awareness of PVB business.
Processes
• PVB CDD and Onboarding Operations.
People and Talent
• Lead through example and manage talents effectively.
Risk Management
• Remain vigilant and play a role of 2nd line of defence.
Governance
• Maintain continuous governance on the activities handled.
Regulatory and Business Conduct
• Display exemplary conduct and live by the Group's 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 to achieve the outcomes set out in the Bank's 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.
• Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association.
Key Stakeholders
• Group PVB COB
• Country PVB Onboarding heads
• Country BRM
• GBS BRM
Other Responsibilities
• Embed Here for good and Group's brand and values in the team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
• UG or equivalent
Role Specific Technical Competencies
• Written and Oral Communication
• Knowledge on PVB business
• Stakeholder management
• Usage of MS Excel
• Knowledge on CDD
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents. And we can't wait to see the talents you can bring us.
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.
Visit our careers website
