Financial Crime Surveillance Operations (FCSO) Apprentice Singapore 2025

Job ID: 13129

Location: Singapore, SG

Area of interest: Business Support, Management & Efficiency

Job type: Apprentice

Work style: Hybrid Working

Opening date: 3 Jan 2025

Financial Crime Surveillance Operations (FCSO) Apprentice 2025

Recent Polytechnic Graduates who join the Financial Crime Surveillance Operations (FCSO) Apprenticeship Programme will go through a 12-month learning and development journey across various SG FCSO functions (including but not limited to Transaction Monitoring and Fraud, Name Screening & Regulatory Control & Risk Management Operations).

About FCSO

FCSO is the Bank’s specialist utility in the 1st Line of Defence (1LOD) undertaking review of risk events generated, analysis of red flags and resolution or escalation of risk. We are the first step in the Bank’s fight against Financial Crime, responsible for managing the risk in the processes and ensuring an effective control environment. Our teams are located across 25 locations, supporting over 40 markets worldwide. At FCSO, we aim to work collaboratively with our partners across the businesses to deliver effective and sustainable surveillance capabilities to protect the bank from financial crime risk.

FCSO Investigations

To investigate risk events / cases:

• Escalated by Financial Crime Surveillance Unit (FCSO-AA) teams (arising from Transaction Monitoring, Trade AML &/or Name Screening);
• Other escalations as per procedures / DOI; and
• Any other matter as directed by Country Head of FCSO.

Responsible for identifying suspicious transactions / activities, in compliance with Group policy and procedures, laws and regulations on Anti Money Laundering (AML)/ Counter Financial Crime (CFT) in Singapore.

To support Country Head of FCSO to lead and manage the Singapore Financial Crime Surveillance Operations (FCSO) Team, including but not limited to:

• Providing guidance and training to Case Investigation Specialists and relevant value chain stakeholders (e.g. FCSO-AA, FCSO-QCO, and FCSO-RFI);
• Monitoring relevant metrics and lead requisite actions to intervene, where required;
• Establishing and maintaining effective working relationships with relevant stakeholders including but not limited to Business Units, Financial Crime Compliance (FCC) and like;
• Securing credible audit / review outcomes for the function;
• Ensuring timely reporting and escalation of significant risk issues to management; and
• Supporting initiatives to enhance relevant work processes for both effectiveness and efficiency purpose.

Transaction Monitoring & Fraud

The Transaction Monitoring & Fraud (TM) team handles monitoring of Anti Money Laundering (AML) & Fraud cases for both Correspondent & Non-Correspondent Banking based on the detection scenario rules set up in various monitoring systems. TM is a proactive, risk-focused process where analysts in FCSO identify and escalate transactions for review that are deemed unusual and may ultimately be determined to be suspicious.

Name Screening (NS)

Name Screening process predominantly covers screening of clients and related parties prior to onboarding a relationship and on an ongoing or periodic basis. This would include screening of all New to Bank (NTB) and Existing to Bank (ETB) clients. Confirmed true matches will lead to CDD trigger reviews to manage the sanctions, politically exposed person (PEP) & adverse news risk. The process primarily focuses on identifying whether any of our bank’s existing or potential customers match against the various regulatory & internal lists used for screening.

Regulatory Control & Risk Management

The role of the FCSO Regulatory Control & Risk Management team is to partner and support the FCSO organisation to proactively identify, quantify, prioritise and mitigate all non-financial risks. The team defines and implements a robust internal risk management framework that ensures appropriate governance and adherence to company policies and standards.

About the Apprenticeship Programme

During this learning journey, you will embark on two 6 months rotations. You will be exposed to different projects and tasks, alongside structured trainings, mentorship and on-the-job learning. Through the programme, you’ll experience an incredible and varied global learning experience, which includes:

• Talent assignments
• Technical and professional skills training
• Future Skills and development workshops
• Targeted online learning
• Inspiring thought leadership speaker events
• Real-life business problem solving and more.

Eligibility

• We welcome graduates from all Polytechnic Diploma disciplines with less than 2 years of working experience.
• Have the permanent legal right to work in Singapore.
• Keen interest in Banking and Finance industry.

Core Skills

• Strong analytical and judgement skills: Ability to analyse data, 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.
• Problem-solving skills.
• Ability to work in a team environment and work under pressure.
• Strong multitasking & time management skills.
• Proactive and enthusiastic self-starter.
• Positive attitude, willingness to learn and possess a growth mindset.
• Passion, tenacity and resilience in an ever-changing environment.
• Effective communication skills in English (both written & verbal).
• Basic understanding of customers, products and transactions in banks.
• Basic understanding of banking operations (Client Due Diligence, payments, trade, markets or other).

About Standard Chartered

We'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 offer

In 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.

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers