Associate Director, Transaction Monitoring, Risk Event Management

Associate Director, Transaction Monitoring, Risk Event Management

Location:

Newark, NJ

Provide support and oversight to the Financial Crime Surveillance Operations (FCSO) team as part of the  AAA  Transaction Monitoring process for FM AML, FM Third Party Payment, and Trade AML Monitoring where needed. Initiate RFIs to Relationship Managers (RMs) as necessary and engage with appropriate stakeholders when needed (e.g., Advisory, Business, Trade Operations, FCCA Investigations, FCSO). Collaborate with key stakeholders in the trade process (i.e., Trade Operations, FCCA Advisory, RMs) to ensure transactions are actioned timely and effectively.

Review live trade transactions escalated for potential money laundering, fraud, or other FCC concerns. Conduct public domain, acuity and adverse media checks, among other checks as part of trade finance reviews. Perform thorough and timely reviews of all non-client beneficiary (NCB) and Defense and Dual Usage Goods (DDUG) transactions identified and escalated with potential FCC concerns and formulate a decision which leads to approving or rejecting pending transactions.

Perform time sensitive reviews on transactions and analyze trade documentation such as Letter of Credits, Bills of Lading, Commercial Invoices, Packing Lists, among other documentation accompanied by an escalated transaction. Conduct LLI Vessel checks and/or request 1MB Reports for reviewing trade transactions. Identify, research, and elevate potential unusual activity to FCCA Investigations. Review post cases assigned which have been escalated in-country to Further Analysis for Trade Finance and FM AML case escalations.

Remote work may be permitted within a commutable distance from the worksite, in accordance with Standard Chartered Bank policy.

Must have a Bachelor’s degree or foreign equivalent in Finance, Economics, Business Administration, or a related field and three (3) years of experience in the job offered or in a related position. Must have three (3) years of experience with:
Understanding of Anti-Money Laundering and Financial Crime Compliance concepts/regulations;
Demonstrating knowledge in one or more of the following products:
Trade Finance, Correspondent Banking, Financial Markets;
Performing thorough and timely reviews of transactions/risk events identified and escalated with potential FCC concerns to formulate a decision on transactions/cases;
Demonstrating strong analytic skills to interpret complex information and perform necessary research to write recommendations and conclusions clearly;
Experience with using investigative source systems to obtain information to develop reports to assist in formulating decision;
Ability to effectively perform and document public domain searches to identify and obtain information on individuals, companies, and other subjects/entities as part of reviews;
Experience in communicating and collaborating with stakeholders outside of the direct reporting line.

$126,963/Year - $152,402/Year. The final offer will be determined on an individualized basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations.

Full time;
Mon – Fri (40 hours per week) EOE.

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This job opportunity is eligible for our Employee Referral Program. Please refer to our Employee Referral Scheme for information relating to the program.