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CIB, CFCR, Compliance Risk Governance

CIB, CFCR, Compliance Risk Governance

Standard Chartered BankKuala Lumpur, Kuala Lumpur, Malaysia
23 days ago
Job description

Business

  • Develop a comprehensive understanding of the business model and strategy in order to provide substantive oversight support and challenge to enable appropriate and sustainable CFCR outcomes.
  • 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 responsibilities contained in the ERMF to the extent that CFCR advisory is the appropriate second line risk owner.

    • 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 cease activities. 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.

    • 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 materials and tracking 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.

    • 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.

    • 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.

    STRATEGY

    Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  • Effectively and collaboratively identify, escalate, 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.

    • 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, escalate issues or delays and support resolution tracking to completion.

    • Other Responsibilities

  • Support embedding Here for good and Group’s brand and values.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards.

    • We’re an international bank with a long history and global reach. This description reflects the responsibilities, strategy and conduct expectations associated with the CFCR function within Corporate & Investment Banking, and the advisory teams that support policy and standard implementations for the first and second lines of defense.

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