Standard Chartered expects to hire 140 people in its Americas financial crime compliance (FCC) team by the end of 2016.

Responsible for the identification and mitigation of financial crime risks, including governance, sanctions and controls, the FCC team will work closely with the information and technology operations (ITO) team, working in the same building in Newark, New Jersey, to 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 programmes,” says 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’s New Jersey office opened in 2008 and now counts 600 staff members.