Manager, FCSO TM Tuning & Optimisation

Standard Chartered-posted 4 months ago
Full-time • Mid Level
Bangalore, IN
1,001-5,000 employees
Credit Intermediation and Related Activities
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The role of a Manager on the FCSO TM Tuning and Optimisation team is that of an individual contributor and involves working with three facets - 1. Working with large volumes of confidential and regulated data associated with customer's financial transactions 2. Development of scripts and routines using new age programming languages and working of the Oracle / Hive environments to work with large volumes of structured and unstructured data 3. Apply analytical / statistical / quantitative models on data to identify anomalies and patterns which help in providing insight on the AML behaviour associated with customers and the transactions conducted by them. The role is a global role that cuts across geographies and products of the Bank which are subjected to AML monitoring.

  • Analyse comprehensive impact of financial crime related regulatory matters on the relevant business area and its operations.
  • Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications.
  • Regularly engage with business stakeholders to understand their requirements, and address their concerns.
  • For technical roles, write production quality code. Adhere to the best practices in coding like following PEP-8 standards, writing unit tests, etc.
  • Perform statistical threshold tuning / retuning for detection scenarios and risk indicators across products such as CASA, Trade, Credit Cards, Financing Securities Services and Financial Markets - Third Party Payments.
  • Detect customer behavioural patterns and Perform segmentation of customers as per the Global Segmentation Model in force at SCB.
  • Perform reconciliation of detection scenarios and risk indicators across products such as CASA, Trade, Credit Cards, Financing Securities Services and Financial Markets - Third Party Payments.
  • Perform Adhoc / Bespoke Analysis (Impact Assessments) based on requests from Country FCC stakeholders within the group / regions / country and FCC / FCSO teams.
  • Perform Qualitative analysis on the productivity of production tuned thresholds and feedback the learning into future tuning processes, improve efficiency and effectiveness of the tuning outcome.
  • Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
  • Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
  • Understand technical aspects of systems relevant to CDD, Client Risk Assessments, AML Monitoring and Case Management.
  • Apply risk and data analytic tools/techniques to optimise and tune relevant detection scenarios, and screening and monitoring systems.
  • Review and assess existing system and controls relevant to FCC to ascertain operational performance and effectiveness.
  • Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
  • Apply Group and FCC policies and processes (AML Monitoring) to manage risks.
  • Ensure that detection scenarios that are developed and deployed are fit-for-purpose.
  • Attend relevant team and leadership meetings.
  • Ensure tracking and remediation of surveillance and investigations related regulatory findings.
  • Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
  • 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.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • Embed Here for good and Group's brand and values in team.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  • Post Graduate degree in Data Science / AIML / Mathematics or Graduate degree in Engineering from a reputed institution.
  • Active membership in ACAMS / ICA / CFE is an added advantage.
  • Must have AI or ML, Data science certification.
  • Languages: English.
  • Upto 4-7 years in the area of analytics and AI/ML modeling using statistical tools and packages.
  • Any experience in Banking and Financial Crime and Compliance would be an added advantage.
  • Experience in analytical reporting and present statistically derived data in user understandable formats.
  • Quick learner, willing to learn any technology that might be required to complete the task.
  • Exposure and experience to monitoring systems such as DETICA and MANTAS.
  • Knowledge/Experience with Big data tools like Hadoop, Spark, etc.
  • Knowledge/Experience in Machine learning algorithms/systems.
  • Certification from the ACAMS - Association of Certified Anti-Money Laundering Specialists or equivalent.
  • Strong analytical and problem-solving expertise.
  • Good communication and documentation skills.
  • Excellent collaborative and team building skills.
  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
  • Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along 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.
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