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Transaction Screening Analyst - L3

Company: Standard Chartered
Location: Newark
Posted on: September 21, 2022

Job Description:

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.
The Role Responsibilities
Respond completely and accurately to same day queries received from internal stakeholders.
Ensure compliance with Group Policy, Procedures and Process (PPP) and influence changes as required.
Review, resolve and/or further escalate alerts according to departmental policies.
Queue management of CERS to ensure cases are handled in a timely manner.
Determine if the transaction alert(s) are true or false-positive matches; conduct additional investigation when necessary; clearly and thoroughly document all decisions and findings with supporting rationale.
Raise questions and concerns to the Team Lead as needed concerning vague/contradictory/confusing list entries.
Coordinate with Relationship Teams and/or Clients to obtain additional information to fully disposition potential matches.
Escalate suspicious cases and/or patterns to Team Lead for guidance and direction.
Support general transaction screening activities and other duties, including special projects, as assigned.
Identify areas of improvement around investigation processes.
Minimize and eliminate the casing of false positives alerts by sharing trends and patterns found to the Team Lead.
Miscellaneous responsibilities as required.
People and Talent
Provide subject matter expertise to other Analysts within the group and other business unites as required.
Risk Management
Adherence to America's Code of Conduct/Group Values, local laws and regulations, and internal risk and compliance policies.
Timely, comprehensive and transparent responses to risk, compliance, and regulatory inquiries.
Attendance at mandatory Risk and Compliance training and completion of all mandatory e-Learnings
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Embed "Here for Good" and The Group's brand values in Transaction Screening Unit, Americas.
Encourage Team Work and collaborative efforts towards the greater good and success of your colleagues.
Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Identify unusual transaction / concerns and escalate to direct Manager
Attend and review mandatory SFU Research training sessions conducted by FCC.
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.
Support the outcomes set out in the Bank's Conduct Principles
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
Head-Transaction Screening Unit, US
Senior Manager - Transaction Screening Research
Team Leader - Transaction Screening Research
Manager, FCC Sanctions Advisory
Manager FCCA, AML
Global Process Owners
Customer Services Teams / Product Operations Managers
Relationship Managers (Multiple markets)
Other Responsibilities
Stays abreast of industry news surrounding US and Global Sanctions in order to execute effective, risk-based decisions.
Given the nature of the job, staff may be required to be on call for crisis-related situations.
Individual will be required to work some holidays and overtime as needed.
Asist in testing of application changes in relation to daily responsibilities which may occur during non-business hours.
Our Ideal Candidate
This position is at an intermediate professional level and requires strong execution, communication, investigative, and analytical abilities
Comprehensive knowledge of CHIPS, FEDWIRE, SWIFT and Letters of Credit
2 years' experience in a Compliance or Sanctions environment.
Complete concept comprehension of OFAC, Group, and AML related experience and skills, as well as knowledge of current OFAC guidelines and regulations
Full understanding of FIRCO Continuity - TSaaS functionality (FUF tags, Origin, Designation, etc.).
Full understanding of CERS
Knowledge of PC functionalities (i.e.: website navigation)
Strong ability to adapt to a changing environment.
Ability to work independently and self-start without constant supervisory/guidance.
Professional conduct, critical thinking, and time management skills.
Good organizational and investigative ability.
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Keywords: Standard Chartered, Newark , Transaction Screening Analyst - L3, Professions , Newark, New Jersey

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