Job Summary
The role sits within the Compliance, Financial Crime (CFCR), and Conduct Risk team. Specifically supporting the Corporate & Investment Banking businesses. The team is part of the global advisory team working with Business, COO, and Risk stakeholders. The role Supports the strategy and direction of the CFCR department, providing oversight and challenge of the CIB businesses, and provides support for ongoing risk assessment and Non-Financial Risk management. The role will primarily work with the advisory teams on Policy and Standard implementations and effectiveness with our first line stakeholder. Supporting second line Risk Owners in overseeing their defined areas of responsibly across CIB. The team will also support remediation efforts across the businesses to ensure CIB remains within risk tolerance.
Responsibilities
- Governance alignment
- Control enhancement initiatives and oversight of key controls deliverables
- Regulatory change management initiatives
- Management Information & Reporting Analytics
In addition, I am responsible for supporting the function in oversight of the CFCR Non-Financial Risk strategy and agenda.
I will be responsible to support the Pan CIB business changes and identification and implementation of requirements for the relevant CIB business to comply with global regulations.
I will provide leadership and oversight of the daily scope, for the members of the team on a day-to-day basis.
From a Non-Financial Risk perspective, support and drive changes within the CIB business to strengthen framework management including enhance governance frameworks, policies, processes, and control design to minimize compliance and regulatory risk. This will involve working through implementation of the banks risk management frameworks and providing appropriate oversight of control processes across the relevant CIB business.
Plan and participate in RSCA, Policy reviews, and in regional initiatives including the Compliance Risk Assessment, and other central Compliance initiatives to ensure best practices are adopted where applicable and enhance the overall standards of Compliance and risk management in country.
Insofar as they relate to compliance and conduct, I am responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (in line with the bank risk appetite definition and thresholds) may occur and notifying any such breaches to (as appropriate) :
Head, CFCR Advisory, FM, Ctrls & Regulatory ImplementationHead, CFCR Advisory, Regulatory ImplementationRelevant Business CFCR AdvisoryRelevant Heads of Business / COO’sFor regulatory change, I will be responsible to support the Pan CIB business by working with the business on the identification and implementation of regulatory requirements for the relevant CIB business to comply such requirements.
My responsibility does not encompass the operation of information technology systems used to implement any policies and procedures, which is the responsibility of the Group Chief Information Officer and does not encompass fraud (but includes Rogue Trading), prudential, market, credit risk, outsourcing or cyber related matters or any other Compliance Risk Sub-Type where the Functional Owner is not CFCR.
Strategy
Support and implement the vision, strategy, direction and leadership for CIB CFCR, consistent with Head, CFCR Advisory, FM, Operations, Controls vision and strategy for the Compliance function and in support of the Bank’s strategic direction and growth aspirations.
Business
Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality conduct, financial crime & compliance-related advice and guidance to enable the business and functions to meet / achieve their strategic tactical objectives.Provide advice, analysis (and challenge when appropriate) in relation to the relevant CIB business including product design, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), and transactional CFCR advice.Provide robust challenge to senior management and all relevant business stakeholders where activities are outside risk tolerance / appetite, escalating as necessary, until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance / appetite.Work closely with the business and its operational teams to provide timely advice to ensure compliance with all relevant laws and regulations and support the transition to pro‑active and pre‑emptive CFCR risk mitigation.Support the resolution of competing requirements between regulations specific to the relevant CIB business.Processes
Act under delegation from the respective Risk Framework Owners for the principal risk types of Compliance, Financial Crime & Conduct Risk (CFCR) in discharging the responsibilties contained in the ERMF to the extent that CFCR advisory is the appropriate second line risk owner.
People & Talent
Lead through example and contribute to the appropriate culture and values.Promote 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.Provide feedback at business, function, country and individual level as appropriate, on CFCR matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).Drive the migration of skill, knowledge, best practice and lesson learned across the network between CFCR Advisory colleagues especially in relation to legal / regulatory risks and compliance with relevant regulations and internal policies / standards as they pertain to the relevant CIB business.Governance
Coordinate and support the governance, risk and other related and relevant CFCR committee meetings (e.g. scheduling, agenda preparation, minute‑taking and follow‑up tracking)Assist in the running of the risk governance meetings, including preparing and collating of materials and tracking of actions or risk mitigation efforts and where required prompt escalation of potential CFCR related risks and issues to senior management through appropriate governance channels.Propose control effectiveness and efficiency improvements and simplifications where appropriate.Support the end‑to‑end life cycle of audit, assurance and regulatory reviews, including tracking, remediation and preparing lessons learned from such reviews.Track standard and policy changes and ensure timely communication across relevant teams.Within the Group's Enterprise Risk Management Framework, establish and maintain appropriate risk based CFCR framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance and financial crime risk.Work closely with stakeholders across different business functions to ensure alignment on governance and risk matters across various forums. Maintain a central view of key governance deliverables and timelines.Regulatory & Business Conduct
Display exemplary conduct and live by the Group’s Values and Code of Conduct.Effectively and collaboratively identify, elevate, mitigate and resolve risk and CFCR matters.Support relevant stakeholders to respond to regulatory questions.Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.Support relevant stakeholders to respond to regulatory questions.Risk Management
In accordance to the Group’s Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant CIB business processes.Collaborate with the Product CFCR teams, CFCR Advisory Management Team and / or the CFCR Management Team to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct of business.Ensure effective management of CFCR Advisory matters, and in collaboration with the rest of the CFCR team, effectively manage regulatory issues that have a significant impact on the Group including but not limited to conflicts of interest, cross border, data conduct and onshore / offshore transactional support and control (in partnership with relevant Compliance teams).Collaborate with relevant senior managers to support a programme for conduct, financial crime, surveillance and assurance for the relevant CIB business.In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management in the Group and relevant regulators are informed and that actions are taken quickly to remediate and / or activities are ceased. Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes / practices and associated risks, and engagement in regulatory reform.Assist and work closely with the Group Shared Investigation Services team in relation to investigations concerning the relevant CIB business.Liaise with the internal audit function to ensure that any CFCR weakness identified by the internal audit function relating to relevant business activities are appropriately followed up where they are relevant to CFCR.Provide reports to relevant Group and Business risk and control committees and management group on key conduct, financial crime and compliance risks and issues pertaining to relevant CIB business.Maintain adequate management MI / trackers across all aspects of their coverage and responsibility to ensure all issues and matters are tracked, followed, regularly assessed and reported on, including oversight of risk acceptance and / or mitigating action plans, identification and management of high risk clients or specific country reviews relating to relevant CIB business.Provide advice on the application of CFCR risk management frameworks (e.g. ERMF) and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies.Maintain oversight of risk acceptance and / or mitigating action plans where CFCR is the risk owner.Provide intelligence (to internal forums) on specific clients, client‑types and emerging risk typologies.Provide intelligence inputs to support calibration of the Bank’s Risk Methodologies (including aggregate product risk).Provide reports to relevant Group and Business risk and control committees and management group on key compliance risks and issues.I am responsible :
To help the Group meet its commitment of being "Here for good" by building a sustainable framework that places Compliance, Financial Crime & Conduct Risk best practice standards, at the forefront of the Group's agenda.As an independent second line risk control function, to execute the relevant aspects of the Compliance& Conduct Risk PRTFs through robust independent risk control and the provision of specialist advice and constructive challenge on cross‑cutting in a manner proportionate to the nature, scale and complexity of the Group's CIB businesses.For the evaluation and assessment of the effectiveness of the Group's Compliance, Financial Crime & Conduct Risk commitments and requirements.To proactively support and challenge the Group's businesses and supporting functions to exhibit appropriate conduct, comply with regulatory and compliance requirements and strive to achieve fair outcome for the Group's clients.For maintaining independence, delivering timely responses, and timely escalation of risks and issues where the management tolerance of the firm is exceeded.For maintaining constructive and effective stakeholder relationships with the relevant business and supporting functions.For supporting the management of regulatory relationships with all of the Group’s regulators, whose rules the Group is subject to.
Project / Change management
Participate in key change programmes and projects for the relevant CIB busienss, drive assessments to define change requirements and recommend appropriate solution to strengthen controls and compliance.Participate and support the execution of change initiatives and implementation.Track regulatory developments and coordinate responses to new or evolving regulatory requirements.Maintain detailed project plan and timelines for governnace and management reporting purpose.Monitor progress, escalat issues or delays and support resolution tracking to completion.Key stakeholders
Business Management TeamBusiness COO Operations TeamGroup LegalGroup Operational RiskGroup Internal AuditGroup OperationsGroup TechnologyGroup Compliance; Regional CFCR CCIBOther Responsibilities
Support embedding Here for good and Group’s brand and valuesPerform other responsibilities assigned under Group, Country, Business or Functional policies and standards.Skills and Experience
Manage ConductManage RiskCompliance Policies and StandardsCompliance AdvisoryCompliance Review and FCC AssuranceSurveillance (including Screening and Monitoring)InvestigationsCompliance Risk AssessmentRegulatory LiaisonManage ChangeManage ProjectsAbout 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 doNever settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so wellAre better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long termWhat 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 toolkitsA 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.#J-18808-Ljbffr
