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Financial Crime Compliance 1
Financial Crime
Compliance
Standard Chartered Bank
Leading the way in combating financial cri...
Financial Crime Compliance 2
#2 = Health $21.8 billion
#3 = IT Services $19.3 billion
$2.1 trillion
Financial crime is the...
Financial Crime Compliance 3
Financial crime is funding terrorist
activities and fueling drug epidemics
world-wide. It’s c...
Financial Crime Compliance 4
The cost of failure is high.
For all of us. Countries,
companies, and individuals
alike suffe...
Financial Crime Compliance 5
Financial criminals may see banks as a vital link in their activities.
But we won’t play that...
Financial Crime Compliance 6
“To be the world’s leading
international bank, we need to
protect the communities that
we ser...
Financial Crime Compliance 7
Drug trafficking has
indirectly contributed to
a steep increase in HIV/
AIDS in South Asia.
B...
Financial Crime Compliance 8
Here for good defines us and acts as our compass. It helps us to make the right
decisions. It...
Financial Crime Compliance 9
“Our vision is to lead the
way in the fight against
financial crime.”
David Howes, Deputy Hea...
Financial Crime Compliance 10
FCC at Standard
Chartered.
We’re led by a world-class team of
people who are committed to th...
Financial Crime Compliance 11
You’re not just a cog in
a wheel. You can do big
things with us.
Our vision is big, so there...
Financial Crime Compliance 12
The future of FCC is up to us. We know we want
to lead the way. This means that we need to b...
Financial Crime Compliance 13
We have the vision.
To be the very best.
We are committed.
Now all we need is you.
Financial Crime Compliance 14
Susanna Ho, Team Lead
FCIO, Hong Kong
Worked for an investigation
unit in the Hong Kong
Gove...
Financial Crime Compliance 15
“Financial Crime Compliance at Standard Chartered is creating
new standards for the industry...
Financial Crime Compliance 16
Mary Runana - Head of FCC,
Kenya
Worked as an
external auditor in Kenya
Spent 3 years
workin...
Financial Crime Compliance 17
Started working in a
retail branch in 2003
Became a Branch
Operations Manager
Joined Standar...
Financial Crime Compliance 18
We are fighting
against financial crime.
Fight with us.
Click here to visit sc.com/careers
C...
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Financial Crime Compliance at Standard Chartered

Financial Crime Compliance at Standard Chartered

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Financial Crime Compliance at Standard Chartered

  1. 1. Financial Crime Compliance 1 Financial Crime Compliance Standard Chartered Bank Leading the way in combating financial crime.
  2. 2. Financial Crime Compliance 2 #2 = Health $21.8 billion #3 = IT Services $19.3 billion $2.1 trillion Financial crime is the most profitable industry in the world. It’s also the most damaging.
  3. 3. Financial Crime Compliance 3 Financial crime is funding terrorist activities and fueling drug epidemics world-wide. It’s contributing to the extinction of whole species of animals. It’s supporting human trafficking and proliferating weapons of mass destruction. Financial crime in the 21st century is unlike anything we’ve ever seen before. Financial crime is pervasive in the 21st century.
  4. 4. Financial Crime Compliance 4 The cost of failure is high. For all of us. Countries, companies, and individuals alike suffer from the impact of financial crime.
  5. 5. Financial Crime Compliance 5 Financial criminals may see banks as a vital link in their activities. But we won’t play that part. Instead we want to use our position to fight financial crime. And do anything that we can to put a stop to it. That’s why we’ve more than doubled the size of our Financial Crime Compliance (FCC) team. At Standard Chartered, we refuse to let financial crime thrive.
  6. 6. Financial Crime Compliance 6 “To be the world’s leading international bank, we need to protect the communities that we serve from the damaging effects of financial crime.” John Cusack, Global Head, FCC
  7. 7. Financial Crime Compliance 7 Drug trafficking has indirectly contributed to a steep increase in HIV/ AIDS in South Asia. By bringing the price of drugs down, drug trafficking has encouraged an increase in intravenous drug users. More than 60% of new cases of HIV/ AIDS are being contracted through the sharing of needles. Counterfeit lifesaving medications account for 10% of global supply. The people who are producing these drugs couldn’t care less about their impact. And the terminally ill are the ones being adversely effected. Human trafficking has turned 27 million people into slaves around the world. 13 million of these are children, representing half of the victims of human trafficking. To put that into perspective, Mumbai, one of India’s most populous cities is home to the same number of people. Drug trafficking is creating a generation of unskilled, unemployed and unproductive citizens in West Africa. The seemingly lucrative prospects of drug trafficking for marginalised youth is creating a “get-rich-quick- mentality’ that undermines education and weakens the labour force.
  8. 8. Financial Crime Compliance 8 Here for good defines us and acts as our compass. It helps us to make the right decisions. It challenges us to think twice, double check and look again. We know that we can live up to being Here for good every day as long as we do it together. The duty that we all feel, to do what is right, is what makes us Here for good.
  9. 9. Financial Crime Compliance 9 “Our vision is to lead the way in the fight against financial crime.” David Howes, Deputy Head, FCC
  10. 10. Financial Crime Compliance 10 FCC at Standard Chartered. We’re led by a world-class team of people who are committed to the cause of fighting financial crime. We have big ambitions, that’s why we’ve more than doubled the size of our FCC team. Where can you make the biggest impact? Assurance Anti-Bribery & Corruption The Madison Group Sanctions Compliance Swift Sanctions Advisory Group Chief of Staff & Management Office FCC, Americas FCC, ASEAN FCC, MENAP FCC, Europe FCC, Africa FCC, South Asia FCC, Greater China/ NE Asia Retail Clients Governance, Policy & Reporting Metrics & MI Reporting PEP & Sensitive Clients Unit Risk Assessment CDD Controls Surveillance Surveillance Centres Delivery & Change Monitoring Screening Higher Risk Names/List Management Analytics Investigations Quality Assurance Financial Crime Intelligence & Investigations Unit Global Head, FCC Commercial Clients Private Banking Clients Corporate & Institutional Clients Financial Institutions & Correspondent Banking Trade Deputy Head, FCC Wolfsberg Group/ Forum RUSI Centre for Financial Crime & Security Studies British Banking Association ICC AML Working Group The Clearing House Assoc (NY) Learning & Awareness FCC Academy ACAMS FCC Controls Global Head FCC Management Assurance and Oversight Controls (Global FCC Functions) Partners Segments / Products Regions Industry Bodies Operational Risk Infrastructure & Technology Internal Audit HR/Talent Management
  11. 11. Financial Crime Compliance 11 You’re not just a cog in a wheel. You can do big things with us. Our vision is big, so there’s a lot to be done. Your scope will be bigger. You will work more collaboratively across the different areas of the Bank. You’ll be exposed to the most interesting work in the world and be at the leading edge of the industry. What makes us different? We believe in relationships above all else. They are our greatest source of inspiration. We share a collective purpose and we know that together we can achieve our goals. The connection that we have with each other empowers us. They support us when we are facing challenges. They give us the confidence to push forward. We believe FCC is more than compliance. It’s crucial to delivering our brand promise. We don’t care about FCC because regulations force us to. We care because we believe it’s the right thing to do. Our brand promise is to be Here for good. And this sits at the core of everything we do at FCC. We have an exciting vision for FCC. And the support to make it happen. We aim to lead the way in FCC across the world. We aim to do more than just comply with regulations. We have some of the best leaders in the industry and we know exactly how to realise our vision. Now all we need is you.
  12. 12. Financial Crime Compliance 12 The future of FCC is up to us. We know we want to lead the way. This means that we need to be comfortable spending time in the unknown so that we can build foundations that will truly set us apart. We are moving at pace but to become a leader we need to be patient. This means we need people who are ready to apply themselves for the long term. Those who do will enjoy the greatest benefits. If impact is your ultimate goal then there never was a better time to join us. The work that you do will influence the direction that we take to lead the way in FCC. We need people who can navigate uncharted territory. Financial crime is growing and evolving every day, and we’re building strong foundations to counteract it. Right now, we’re entering the new world of FCC. It’s up to us to build our foundations for success and navigate complexity. That’s why we’re looking for people who: Are determined to make an impact: Are interested in the long term: Are comfortable with unknowns:
  13. 13. Financial Crime Compliance 13 We have the vision. To be the very best. We are committed. Now all we need is you.
  14. 14. Financial Crime Compliance 14 Susanna Ho, Team Lead FCIO, Hong Kong Worked for an investigation unit in the Hong Kong Government Joined Standard Chartered in 2013 as a Senior Analyst in Financial Crime Intelligence Operations (FCIO) Became Team Lead in FCIO I’ve been in this field for almost 12 years. It’s demanding, challenging and intense but I love the work I do. Fact- finding and investigation are two of my passions. It’s always interesting to dig deeper into a suspicion case. Things are not always what they seem on the surface and I get a real sense of satisfaction in discovering the full picture. Since joining I have always been in Financial Crime Investigation Operations. Everyday I’m reviewing and investigating suspicious transactions. During the last 18 months my career has progressed to leading a team. When I first joined I was compiling reports and looking at 3-4 cases per day. Now I’m responsible for reviewing 40+ cases each day. There’s a lot of opportunity to grow and develop. “Financial Crime Compliance is a challenging environment where I can learn and grow my career” Investigating a day in the life of... Family is important to me and working at Standard Chartered allows me to do what I am passionate about as well as making time outside of work to spend with my loved ones. You don’t need a background in banking to succeed here. If you’re eager to learn, meticulous and have the mind of a detective then a job in Financial Crime Compliance could be a good career for you.
  15. 15. Financial Crime Compliance 15 “Financial Crime Compliance at Standard Chartered is creating new standards for the industry ” Rob Coombes - Head of FCC, Corporate and Institutional Clients, Singapore Started career in credit cards, leading to fraud investigation Worked in Treasury and Capital Markets Compliance Joined Standard Chartered Bank in the European Compliance Team in London Moved to Shanghai as Head of Compliance, China and Japan Became the Head of FCC, Corporate and Institutional Clients in Singapore Head of Transaction Banking Compliance in Singapore Investigating a day in the life of... The work that I do in FCC directly prevents human trafficking and many of the victims in this crime are children. Children as young as mine. That’s one of the reasons why I get up each day and do what I do. We have a part to play. To play in detecting, reporting, fighting and stopping Financial Crime. It’s a social and personal reason that drives me every day. FCC is a space that’s constantly moving, no two days are the same. As technology keeps breaking boundaries we have the ability to be more sophisticated in pulling together different data points and analytics to see the bigger picture. At Standard Chartered we are leading the way in FCC, not following. We are creating new standards for the industry using our brand promise, Here for good, as our compass. We constantly ask ourselves, ‘should we’ not ‘can we’. Our work is heavily focused on our clients. We monitor the types of transactions that are taking place, the currencies they are dealing with and the materials they are trading. Decisions are then made on whether we exit these clients, retain them or set conditions. It’s a tough job and a lot of the work we do is based on subjective judgement. It’s never black and white. And that’s what keeps me excited.
  16. 16. Financial Crime Compliance 16 Mary Runana - Head of FCC, Kenya Worked as an external auditor in Kenya Spent 3 years working in the Bermuda Monetary Authority Started working in Forensics Joined Standard Chartered as the Head of FCC Kenya Working in Financial Crime Compliance at Standard Chartered has allowed me to pursue my passion. The infrastructure is in place to set us up for success and I have the support and resources around me to do quality work. It’s not a one-man show; we have the best people driving the agenda in country, regionally and at a global level. We are engaging regulators and policy makers. We are influencing the industry. We intend to be the market leaders. Financial Crime Compliance is an exciting industry. My day can change instantly depending on world events so I have to be on point every minute of every day. My eye for detail helps me stay on top of things and the belief I have in fighting financial crime keeps me going. I know I’m making a difference and that’s why I love this job. Passion drives me every day. Passion to protect my country, my children and the economy. My journey in Financial Crime Compliance has been a personal one. Earlier in my career I was exposed to what could go wrong in financial markets and I saw how financial crime had an impact not just on financial institutions but society at large. Bribery and corruption locks people out of opportunities. We need to deal with this now. Before it’s too late. “Working to fight financial crime allows me to create a better today and a better tomorrow. ” Investigating a day in the life of...
  17. 17. Financial Crime Compliance 17 Started working in a retail branch in 2003 Became a Branch Operations Manager Joined Standard Chartered in 2009 in the Policy and Process Improvement team Became part of the Customer Due Diligence (CDD) Advisory team in 2013 Currently a Team Leader as a Senior CDD Advisor for South Asia “There’s no place for complacency in this industry. Change is the only constant.” Investigating a day in the life of... Arun Gopinath - Team Lead, Senior CDD Advisor, South Asia Everyday we run checks on new and existing clients. We have systems in place that call out clients we need to review. We scrutinise, do our due diligence, run searches and analyse every document we have. We consider the client as a whole including aspects such as political involvement and media exposure. We ask ourselves not just “Are we compliant with local regulations and Group standards?” But whether everything makes sense and adds up, if it doesn’t we look again and reconsider. We are the Gatekeepers. We safeguard the Bank. Financial Crime Compliance is rapidly becoming a priority for every bank. I’ve witnessed the business become more aware of the impact of what we do. We have a big responsibility and are accountable not just for what we do as a Bank but for the clients we represent. We aim to lead the way. My advice to anyone considering a career in Financial Crime Compliance at Standard Chartered is to grab the opportunities that are available. This is a place to learn and grow. In my six years at the Bank I have learnt that this is an organisation that doesn’t restrict you to your field of specialisation. My role has expanded across departments and geographies. It’s an exciting place to be.
  18. 18. Financial Crime Compliance 18 We are fighting against financial crime. Fight with us. Click here to visit sc.com/careers Click here to visit our LinkedIn page Click here to leave your details

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