Head Financial Crime Compliance

April 4, 2024
$50000 - $60000 / month

Job Overview

  • Date Posted
    April 4, 2024
  • City
  • Offered Salary
    $50000 - $60000 / month
  • Expiration date
    April 4, 2030
  • Experience
  • Gender
  • Qualification
    Bachelor Degree
  • Career Level

Job Description

Full job description


Job: Governance, Risk Management & Compliance
Primary Location: Africa & Middle East-Pakistan-Karachi
Schedule: Full-time
Employee Status: Permanent
Posting Date: 01/Apr/2024, 3:44:37 AM
Unposting Date: 15/Apr/2024, 5:59:00 PM



  • Set and implement the Financial Crime Control Vision. strategy, direction, and leadership for the Country, consistent with the Group / Regional vision and strategy for Financial Crime Control in support of the Group’s Strategic direction and growth aspirations.
  • Design and own Country Financial Crime Control Target Operating Model.
  • Ensure that there is adequate support (people, processes, tools. frameworks, systems) in the Country for necessary Financial Crime Control .


  • Analyse Comprehensive impact of financial crime related regulatory matters on the relevant business area and its operations.
  • Ensure that key changes (to laws. rules, regulations) are communicated and cascaded (in country), coordination with group communications
  • Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends
  • Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices, and policies related to Financial Crime Control


  • Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies, processes/DOIs to address financial crime risks (including Fraud Risk ), aligning with relevant regulatory requirements.
  • Providing governance and oversight over the implementation of Financial Crime Control — related policies and procedures country to ensure compliance with such policies and procedures
  • Act as Process Owner for Financial Crime Control — Owned processes under the Group’s Risk Management Framework, including implementation and roll — out of relevant processes and DOIs
  • Provide advice to relevant stakeholders on compliance with Group Standard relating to AML/Sanctions / and Fraud in conjunction with Conduct Financial Crime Control Business Advisory teams
  • Act as (Second line) Risk Control Owner under the Group’s Rick Management Framework for those aspects of Regulatory Compliance relating to AML/Sanctions /ABC and Fraud, and escalate issues as appropriate in conjunction with CFCC Business Advisory teams.

People and Talent

  • Provide leadership, management, and coaching of direct reports to ensure they are highly engaged and performing to their potential
  • Promote and embed a culture of openness, trust, and risk awareness where ethical, legal, regulatory and policy complaint conduct is the norm
  • Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm
  • Collaborate with training terms to input to training curriculum to support closing of capability gaps
  • Develop communications, strategies and plans that deliver timely and relevant messages to the right stakeholders through appropriate activities and channels
  • Ensure Country is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively. to support sustainable business growth and address financial crime risks
  • Ensure staff in Country have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions
Risk Management
  • Maintain oversight of risk mitigating action plans.
  • Ensure the suitability and quality of case data maintained on enterprise case management systems
  • Understand technical aspects of systems relevant to Customer Due Diligence , Client Risk Assessments. Name and Transactions Screening,, Anti Monitoring and Case Management
  • Ensure that detection scenarios that are developed and deployed are fit for purpose and meets regulatory requirements / expectations.
  • Establish and maintain watch lists used for customer and transactions screening and various other due diligence and investigative purposes (local/regional, internal and external)
  • Provide advice on the application of risk management frameworks
  • Apply Group and Financial Crime Control Policies and processes (AML surveillance, client screening, risk assessment, fraud risk assessment) to manage Financial Crime Control risks
  • Make recommendations (and .:or implement) to relevant stakeholders on possible risk management responses to identify risks and //or findings of concerns from investigations
  • Assess risks arising from products /segments /geographies/customers /transactions
  • Inform senior management and relevant regulators (where required as per the requirement if any) of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and / or activities are ceased.
  • Anticipate horizon risks in the area of financial crime that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks
  • Identify intelligence for typology studies and risk mitigation plans
  • Conduct Country risk assessment
  • Map risks, quantify the potential impact and escalate where necessary
  • Advise relevant stakeholders on outcomes of Anti Money Laundering, Sanctions. ABC and Fraud risks identification and assessment methodologies
  • Deliver/support delivery of annual Global AML, ABC, Sanctions and Fraud Risk Assessments
  • Partner with legal counsels for advice for technical matters
  • Conduct a root cause analysis on the control/ other failures to ensure lessons are learned across the bank.
  • Provide intelligence (to internal forums) on specific clients, client — types and emerging risk typologies
  • Provide intelligence inputs to support calibration of bank’s Risk Methodologies (including aggregate client risk, product risk and Country risk assessments).
  • Oversee the review and analysis of the client base to identify and manage higher risk clients, or specific country reviews.


  • Attend relevant leadership meetings
  • Provide (or support) senior oversight of Financial Crime Control to the region country/function
  • Ensure tracking and remediation of surveillance and investigations related to regulatory findings
  • In the event of serious regulatory breaches, or where risk tolerances have been breached ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and /or activities are ceased
  • Prepare and cascade lessons learned from audit findings, Financial Crime Control assurance activities and specific investigations
  • Track significant issues arising from Financial Crime Control Metrics, FCC Assurance Activities, Audit reviews
  • Propose control improvements. enhancements, and simplifications where appropriate
  • Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
  • Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk /vulnerability and thus drive remediation action

Regulatory & 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 Pakistan. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct
  • Lead the Financial Crime Control Pakistan Team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment
  • Effectively and collaboratively identify, escalate, mitigate, and resolve risks, conduct and compliance matters
  • Represent the Group through relationships with key regulators, relevant industry. and vendor / user groups
  • Support relevant stakeholders to respond to regulatory questions

Project /Change Management

  • Lead or influence significant programme of work in support of the financial crime compliance objectives
  • Review new business requirements and provide solutions where required
  • Provide skilled resources to support project ‘programme delivery
  • Manage and protect business as usual (BAU) capability during change programmes, as well as during the execution and delivery of the Remediation initiatives through project phase and in BAU

Other Responsibilities

  • Embed Here for Good and Group’s brand values in [Pakistan]
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards