Newark, NJ — Newark Mayor Ras J.Baraka and Julio Rojas, CEO of Standard Chartered Americas today celebrated the expansion of Standard Chartered Bank at 2 Gateway Center in the City of Newark’s downtown district.
The new space will house the Financial Crime Compliance (FCC) team which is responsible for the identification and mitigation of financial crime risks. Standard Chartered is expected to accommodate an additional 140 new hires in FCC specializations which include Governance, Sanctions and Controls in 2 Gateway Center by the end of 2016.
Located in the same building with the Information and Technology Operations (ITO) team, the FCC team will work in an “agile working environment” that is designed to promote interaction and collaboration across both teams, and ensure that processes and technology reinforce the performance of anti-financial crime systems and controls.
“The growth of the Americas FCC team is a critical investment that underscores our ongoing commitment to our conduct and compliance programs,” said Julio Rojas, regional CEO, Americas. “I look forward to welcoming the additional talent and am excited at how our expansion will contribute to the vibrant Newark community.”Standard Chartered opened its New Jersey offices in 2008 with over 250 staff members. Today, it accounts for more than 72,000 s/f at 2 Gateway, and houses close to 600 staff in Newark’s downtown business district. The bank’s decision to expand its facility in Newark is an acknowledgement of the city’s status as a major transportation hub with convenient access to the New Jersey workforce, the international airport and mass transit systems, as well as its many celebrated entertainment venues, cultural institutions and historical landmarks.
“We are proud to welcome Standard Chartered Bank’s latest expansion in downtown Newark, which will add 140 new jobs to our City. Since 2008, Standard Chartered Bank has been an outstanding corporate partner in Newark’s growth and development, and we are delighted that they, like so many other investors from as close as New Jersey and as far as the United Kingdom, are learning what we already knew: Newark 3.0 is becoming a reality, and they are joining our efforts to transform Newark into a prosperous City we – and the entire world – can believe in,” said Mayor Baraka.Standard Chartered is a leading international banking group, with more than 86,000 employees and a 150-year history in some of the world’s most dynamic markets. Their history in the US dates back to 1902, and they are currently present in 13 locations throughout the Americas (six in the United States). Their Americas franchise focuses on financial institutions and select corporates, and plays a key role in facilitating trade and investment flows between the Americas and the Group’s core geographies of Asia, Africa, and the Middle East.