Job ref no.: 2200020694
Standard Chartered Bank

Specialist, Client Due Diligence

Standard Chartered Bank

Role Responsibilities

Strategy

Targeted Improvements

  • Act as a service partner, work together with RMs, Product Sales, Operations and other key internal stakeholders to solve client channel issues and identify opportunities to improve overall service for the clients.
  • Ensure uniform approach towards implementation of Global IMO Model and adherence to DOIs.
  • Deliver excellent service against agreed service standards, delivery standards, and minimal error rates as appropriate.

Automation and Streamlining

  • Drive continuous improvement of the operational efficiency and effectiveness of processes to increase the consistency of systems and processes

Business

  • Provide quality support and advice to Relationship Managers (RM’s) within all lending units on all documentation related matters, including the origination of documentation for customers where required.
  • To deliver excellent service and advice to our Corporate (Corporate and Institutional Banking) and Commercial Banking clients in all interactions for their channel activation pre-transactional enquiries / setup, trainings and other channel related issues.

Processes

General

  • Perform end-to-end orchestration across all processes and services managed by IMO.
  • Engage clients throughout process, ensuring seamless delivery and client experience.
  • Own and drive execution of processes, working closely with stakeholders and the value chain to deliver excellent client service, getting clients to the point of ready-to-transact as quickly as possible, across both simple and complex cases.
  • Adheres to first-time-right principles.
  • Provide insight and suggestions to improving processes, identifying opportunities to streamline and automate. Looks at ways to promote standard work and best practices.
  • Undertake ad-hoc duties and when delegated by Line Manager and Country Head of IMO.

Client Due Diligence (CDD) and Regulatory Onboarding

  • Perform all relevant onboarding processes.
  • Creation of CDD for New Clients and Review of CDD for Existing Clients and perform regulatory onboarding (e.g. FATCA, CRS) activities.
  • Drive GIC and network onboarding processes.
  • Conduct checks on CDD as applicable.
  • Respond and clear queries from Checkers / Other Specialists / Business CRM on a timely manner.
  • Work in partnership with all relevant stakeholders effectively within the end-to-end CDD process.
  • Where serving as a checker, perform checks on CDD output from Client Delivery Makers, ensuring they adhere to policies and standard work.
  • Escalate or enforce compliance requirements, and follow any other relevant internal controls and procedures as they relate to process, products, policies and regulations.

Credit Documentation

  • Perform credit documentation activities for the deals flowing from Corporate and Institutional Banking (“CIB"), Commercial Banking (“CB") and Business Banking (“BB").
  • Conduct checks on Credit Documentation output as applicable.
  • Ensure that the data sources used for the extraction of the return is correct.
  • Identify processing risks or inefficiencies and implement appropriate and effective changes.

Enablement [Account Opening and Channels]

  • Perform relevant account opening activities, working closely with the relevant onshore and Hub teams to deliver fast set-up of all relevant systems.
  • Deliver excellent service and advice to our Corporate (Corporate and Institutional Banking), Commercial Banking, and Business Banking (BB) clients in all interactions for their Straight2Bank channel activation pre-transactional enquiries/setup, training, and other channel related issues.
  • Accept and arrange processing of various channels (Straight2Bank) and related products and services setup requests for Corporate and Institutional Banking (CIB), Commercial Banking (CB) and Business Banking (BB) clients; including internal setups e.g. for Client Access, Transaction Banking (TB) implementation testing setups, various internal operations unit’s setups relevant to channels activation.
  • Conduct checks on activities, documentation, and output (by other specialists or makers) within the account opening and channels activation processes as applicable.
  • Escalate or enforce compliance requirements, and follow any other relevant internal controls and procedures as they relate to process, products, policies and regulations.

Servicing [Static Data Maintenance, Offboarding]

  • Perform relevant static data maintenance and offboarding activities including raising of SDM and offboarding requests in the system.

People and Talent

  • Provide effective orientation / guidance to new joiners on the bank’s policies / procedures / processes to ensure their successful assimilation into the team and the bank.
  • Develop and implement a personal learning plan with team manager, to attain necessary competencies.
  • Successfully complete milestones as laid out in implemented personal learning plan.

Risk Management

  • Awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role remit.
  • Comply with applicable Money Laundering Prevention Procedures and report any suspicious activity to the operational risk team and Line Manager.
  • Ensure a clear and uniform approach towards implementation of the global operating model for all IMO-related processes, and adherence to DOIs.
  • Report any deviation (if any) to appropriate authorities and obtain proper dispensations.
  • Proactively manage risks and establish / monitor controls to improve the overall state of the risk management and operating framework.

Governance

  • Ensure strong due diligence on document safekeeping and data confidentiality.
  • Ensure correctness of documentation prior to any dispensation from the Bank.
  • Ensure compliance with the internal policies and credit policies, external policies, regulatory and statutory requirements.
  • Undertake periodic self-assessment on key controls to assess the proper functioning and adequacy of existing controls.
  • Highlight significant issues / errors to team leader.

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.

Our Ideal Candidate

  • Strong ability to positively influence stakeholders across value chain to both orchestrate and execute on processes and deliver exceptional client service and experience.
  • Ability to positively engage and build rapport with clients.
  • Strong writing and presenting skills in English.
  • Problem solver; looks for solutions and finds ways to progress despite blockages.
  • Has a clear understanding of the client needs being serviced.
  • Ability to work independently without direct supervision and able to cope with pressures from tight deadlines.
  • A team player with good interpersonal skills.
  • Strong drive to deliver.

Apply Now to join the Bank for those with big career ambitions.