Manager, Customer Due Diligence

Standard Chartered

  • Kwun Tong, Hong Kong
  • Permanent
  • Full-time
  • 2 months ago
Job SummaryWe are seeking a proactive and experienced Manager for Money Mule Management to join our Client Due Diligence (CDD) team in Wealth & Retail Banking. The ideal candidate will be responsible for developing and implementing strategies to detect, investigate, and prevent money mule activities. This role is vital in safeguarding the bank against financial crimes and ensuring compliance with regulatory requirements. The Manager for Money Mule Management will work closely with various stakeholders to ensure effective risk management and mitigation.Key Responsibilities
  • Collaborate with the business, CDD team and compliance teams to identify potential money mule risks during the onboarding process.
  • Ensure all onboarding activities comply with regulatory requirements and internal policies.
  • Monitor and analyze transactions and account activities to detect suspicious patterns indicative of money mule activities.
  • Utilize advanced analytics and monitoring tools to identify and investigate potential money mule cases.
  • Conduct regular reviews of client accounts and transactions to ensure continuous compliance with anti-money laundering (AML) regulations.
  • Develop and implement strategies to mitigate identified risks and prevent future occurrences.
  • Prepare and present detailed reports on money mule risk activities to senior management and regulatory authorities as required.
  • Assist Department Head to develop and maintain policies and procedures related to money mule management, ensuring compliance with regulatory requirements and industry best practices
  • Work closely with the business, CDD, compliance team, and other relevant stakeholders to ensure effective management of money mule risks.
  • Identify opportunities for process improvements and implement changes to enhance the efficiency and effectiveness of money mule management.
Skill and Qualifications
  • Bachelor Degree Holder
  • Over 3 years of solid experience in Client Due Diligence/ Money Mule Management / FCC investigation
  • Solid knowledge and understanding of regulatory requirements relating to Customer Due Diligence and Anti Money Laundering
  • Excellent verbal, presentation and written communication skills
  • Strong analytical skills
  • Good interpersonal skills and a team player
  • Good judgement
  • Ability to work under pressure
  • Independence and robustness
  • High level of integrity and professionalism, with High attention to details
  • Fluent in English, Cantonese and Mandarin
About Standard CharteredWe're an international bank, nimble enough to act, big enough for impact. For more than 170 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
  • Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offerIn 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 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, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
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Standard Chartered