Head of FCC, Kenya & East Africa at Standard Chartered Bank Kenya

Role Responsibilities

Geographic direct responsibility and coverage over FCC in Kenya & East Africa.

In addition to the geographic responsibilities listed above, direct primary responsibility over the following FCC functions across Kenya & East Africa:

• Governance; Oversight & Execution; Commercial Banking, Corporate & Institutional Banking (CIB) and Retail Banking; Client Risk Management (Sanctions, AML and ABC); Training & Awareness and Controls.

Strategy

• Input to area operating model design of relevant FCC and business processes as per geographic and direct responsibilties listed above.
• Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the area for necessary FCC controls as per geographic and direct responsibilities.
• As Head of FCC, Kenya & East Africa, set and implement the vision, strategy, direction and leadership for the area consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.

Business

• Analyse comprehensive impact of financial crime related regulatory matters on the relevant business areas (Commercial Banking, Retail Banking and CIB) and its operations.
• Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in area), in 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 FCC.
• Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.

Processes

• Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
• Providing governance oversight over the implementation of FCC-related policies and procedures in the area to ensure compliance with such policies and procedures.
• Ensure that relevant stakeholders are adequately advised on compliance with Group standards relating to AML/Sanctions and ABC by the relevant Subject Matter Experts.
• Act as (second line) Risk Control Owner where applicable under the Group's Risk Management Framework for those aspects of Regulatory Compliance relating to AML, anctions and ABC, and escalate issues as appropriate.

People and Talent

• Provide leadership, management and coaching to 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 compliant 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.
• Provide input at business, function, country and individual level as appropriate, on compliance matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).
• Collaborate with the Regional Head of training and training teams (where appropriate) to input to training curriculum to support closing of capability gaps.
• Ensure the Area 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 the Region and under direct responsibilities have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.

Risk Management

• Maintain oversight of relevant risk mitigating action plans.
• Provide advice, where appopriate, on the application of risk management frameworks (e.g. ORF, GRA).
• Oversee the application of Group and FCC policies and processes (eg risk assessment) to manage risks.
• Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
• Oversight over the assessment of risks arising from products / segments / geographies / customers / transactions as per geographic and direct responsibilities.
• Inform senior management and relevant regulators 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- where applicable.
• 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.
• Co-oversee the Group Risk Assessment for Kenya & East Africa Area, providing validation where required.
• Advise relevant stakeholders on outcomes of AML, Sanctions and ABC risks identification and assessment methodologies as per geopgraphic and direct responsibilities.
• Support delivery of annual Global AML, ABC and Sanctions Risk Assessments.
• Partner with legal counsels for advice on technical matters.
• Oversee the review and analysis of a client base (where required) to identify and manage high risk clients, or specific country reviews.

Governance

• Attend relevant leadership meetings.
• Provide senior oversight of FCC in the area.
• Ensure tracking and remediation of surveillance and investigations related 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.
• Oversee the Area FCC Governance teams as they prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
• Oversee the tracking of significant issues arising from FCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• 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.
• Oversee the collation, analysis and interpretation of data in reports to senior management and relevant governance/risk committees.
• Oversee the analysis and interpretation of data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC function.

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 Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the East Africa CFCC team 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.
• Represent the Group through relationships with key regulators, relevant industry and vendor / user groups where required.
• Raise the profile of SCB through outreach.
• Support relevant stakeholders to respond to regulatory questions.

Key Stakeholders

Area Heads of Businesses (as per direct and oversight responsibilities); Country Heads of FCC; Area FCC Management and Leadership teams; Area Compliance Management and Leadership teams; Area CEOs; Area Audit; Area Operational Risk; Area CIO; Regulators (as appropriate); Peers in other banks; Group Heads of Product/Segment FCC; Group Head, Controls

Other Responsibilities

• Embed Here for good and Group's brand and values in Kenya & East Africa Area.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures as per direct and oversight responsibilities.

Our Ideal Candidate

• Relevant undergraduate degree in Law, Compliance and/or Risk Management
• Relevant professional certification in financial crime compliance, for example ACAMS
• The role holder needs to possess extensive knowledge of the laws and regulations applicable to money laundering, such as BSA, the Patriot Act, U.S. Treasury AML guidelines, OFAC/HMT requirements and Suspicious Activity Reporting requirements.
• 15 years plus of banking experience with at least ten years in Financial Crime related areas.