Senior VP - Financial Crime Surveillance Unit - Investment Bank

The Financial Crime Surveillance Unit (FCSU) within FCC Controls is the global team responsible for analysing the results of the FCC surveillance controls. The FCC - Surveillance- controls are defined as Screening and Monitoring:

- Screening includes transaction and name screening (customer, supplier and securities) and is established to mitigate the risk of the bank dealing with parties outside of its appetite. Transaction screening occurs on a real time basis and is focused principally on Sanctions Risk Management. The industry standard tool Fircosoft is used.

- Monitoring is the process of surveilling transactions after their execution in order to identify unusual transactions or patterns. The industry standard tool 'Mantas' is used.

The FCSU teams consists of analysts who analyse 'risk events' as part of the screening and monitoring controls in order to:

- close - Risk Events- because it is not a - Case-worthy- Monitoring event or a - False Positive- Screening event;

- and escalate - Cases- for action to the FCC actors in country/region.

The FCSU provides this service to more than 40 countries where SCB is present across all segments such as retail, corporates, private banking and correspondent banking.

Brief on the Job Family

This job family is for the Monitoring team of analysts working on the AAA process for AML monitoring and terrorist financing surveillance.

Process Category Unit Name

Process Descriptor Analysts in the FCSU teams execute the standard AAA (Assess, Analyse, Act) process which is used for handling the risk events after they have been created by the Mantas systems.

Process Illustrations:

a) Assess is the first phase of AAA process, focused on establishing which risk events are clearly not - case- worthy- monitoring events using immediately available information, with a view to closing them within the phase. And also on identifying clear - case-worthy- events for immediate - fast track- escalation.

b) Analyse is the second phase of AAA process, which involves more exhaustive analysis being carried out using all readily available information, and potentially RFIs (Request For Information) where necessary, to establish whether the risk event is likely to be considered - case-worthy- or not. If it is then the case is escalated for appropriate action. Cases can be escalated for further analysis to FCC actors in country/region.

c) Act is the third phase of AAA process, during which the FCSU sets out the analysis evidence for its recommendation that the case is given appropriate consideration as - Case-worthy- for Monitoring events and consideration is also given as to whether there is a need for associated reporting action. This consideration/reporting action, with additional governance, is conducted by FCC actors (in Region/Country).

Process Specific Skill:

a) AML and terrorist financing surveillance skills: regulations, inherent AML risk of bank products, end to end monitoring process/controls, AML typologies, monitoring tools (Mantas)

b) Analysis skills: able to analyze data trends and out of pattern activities, working knowledge of Internet and MS Office Suite & independently assimilate, analyse and evaluate information from disperse data sources to determine a course of action (e.g. case closure or escalation), and record and communicate this decision clearly and concisely.

c) Banking: knowledge in terms of customers, products and transactions with a focus on at least one customer segment (retail, corporate, private banking, correspondent banking)

d) Banking operations experience (Client Due Dilligence, payments, trade, markets or other) and service oriented attitude

e) Facilitate collaboration, networking and alignment within and across teams.

f) Excellent communication in English (articulation and writing).