This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
Job Summary
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The successful candidate has a strong business acumen and understanding of CFCC - Conduct, Financial Crime and Compliance Business Risk Assessment and Advisory. The candidate is highly skilled individuals with Practioners level experience in CFCC risk assessment and monitoring, business risk advisory, regulatory and policy interpretation & compliance management, issue and event management and change risk management with exposure to product development, regulatory technology and innovation, data and analytics led risk management practices. This is a global role covering across the SCB footprint in Asia, Africa, Middle East, Europe, and Americas, covering multiple Businesses from Retail Bank, Private Bank, Affluent & Wealth Management, Transaction Banking including Trade & Cash, Banking and Financial Markets Business.
The responsibilities includes, working across Business, Products, Clusters and Countries Compliance and Specialist teams to perform:
- Risk Identification, Analysis and Assessment of CFCC Risks, measure exposure to those risks and design, build and recommend control framework to mitigate and manage those risks, to enable structural and thematic risk response or remediation.
- Risk monitoring of dynamic changes to risk and control environment, generate operational level insights to enable operational or tactical risk response or remediation.
- Perform targeted deep dive into material or emerging or unknown risk areas due to a change in threat profile or business strategy, to enable structural risk response or remediation.
- Manage issues and events as it occurs, perform root cause analysis and lessons learnt, remediate vulnerabilities, reduce exposures, fix gaps to improve control environment.
- Manage CFCC risks introduced due to business change, perform a holistic assessment of impact of those changes to Businesses, mitigate and manage those risks proactively, to enable a sustainable growth of business.
- Provide Business risk advisory in areas such as policy and regulation, business, or product change, to enable a sustainable growth of business.
- Provide actionable risk insights and recommendation actions & decisions to Business, Products, Clusters and Countries Compliance and Specialist teams for them to drive & deliver client aware and risk focused outcomes and decisions.
- Work with CFCC Product Owners in continuous improvement of products and services, build and innovate using reg tech and data analytical products.
Key Responsibilities
Strategy
- Contribute materially towards the development, support, and implementation of the vision, strategy, and direction of the CFCC Professional Services team and in support of the Bank's strategic direction and growth aspirations.
- Responsible to work with CFCC Product & Professional Services colleagues, CFCC Coverage & Specialist Teams and Business Risk Managers to identify risks across the Bank and drive appropriate action.
Business
- Build and maintain an effective and constructive relationship with all CFCC Product & Professional Services colleagues, CFCC Coverage & Specialist Teams and Business Risk Managers that is based on trust, capability and integrity, providing timely, responsive and
Processes
- Analyse comprehensive impact of CFCC related risk and regulatory matters which has impact in SCB through quantitative and qualitative assessment..
- Establish workflows, build, and maintain effective processes / DOIs to perform Risk Assessments, Risk Monitoring and Risk Advisory, aligning with Group and relevant regulatory requirements.
- Independently perform deep dive reviews and thematic analysis to completion.
- Continuous improve and calibrate the processes, approaches, practices and methodologies.
- Provide actional risk insights to stakeholders.
- Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, emerging risks best practices and policies related to Compliance.
- Supports efforts to ensure the effective management of CFCC matters management of regulatory issues that have a significant impact on the Bank and support relevant stakeholders to respond to regulatory questions. Collaborate with relevant Business, Risk and CFCC stakeholders to work towards holistic risk management across business, product, country, and cluster risks.
People & Talent
- Promote and contribute to an environment where knowledge exchange, continuous learning, agile, prioritisation, deadline management, streamlined workflows and collaborative work practices are the norm.
- Promote and embed a culture of openness, trust, and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
- Execute through example, build, and influence the appropriate culture and values. Maintain strong relationships with the wider Professional Services team, Countries, Business and CFCC Risk Managers encouraging collaboration.
- Provide constructive development feedback at business, function, country, and individual level as appropriate on CFCC matters.
- Contribute materially to the exchange of knowledge, best practice and lesson learned across the network between Professional Services and CFCC colleagues especially in relation to regulatory risks and compliance with relevant regulations and internal policies/standards.
- Transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviours.
Skills And Experience
Risk Management
- Deliver the defined aspects of the Professional Services role to support the Group's CFCC risk management approach and objectives.
- A full understanding of the risk and control environment for CFCC risks.
- Supports efforts to ensure the effective management of CFCC matters management of regulatory issues that have a significant impact on the Bank and support relevant stakeholders to respond to regulatory questions. Collaborate with relevant Business, Risk and CFCC stakeholders to work towards holistic risk management across client segments / products risks.
- Determine applicability and priority of Issues and Events triggered internally / externally, perform root-cause analysis, and perform look-across analysis. Establish unified Issue & Event management across all lines of defence.
- Validate CFCC applicability of Change Risk Assessments.
- Take a leading role in the proposal of control improvements, enhancements and simplifications related to processes that manage CFCC risk, where appropriate.
- Collaborate with Business and CFCC Risk Managers to work towards holistic risk management across client segments / products risks.
- Liaise with the internal audit and CFCC Assurance functions to ensure that any CFCC weakness identified by the internal audit function relating to the Professional Services function, including oversight of risk acceptance and/or mitigating action plans.
- Collaborate with the other CFCC teams 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 or business.
Governance
- Develop appropriate risk-based compliance framework for identifying, assessing, managing, monitoring, mitigating, and reporting CFCC risks.
- Develop or assist in developing and recommend appropriate Risk Assessment standards across CFCC risk types, meeting all Compliance requirements.
- Build in the identification and escalation of potential business CFCC related risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
- Support the management of end-to-end lifecycle of audit, assurance, and regulatory reviews, in relation to Professional Services, including tracking, remediation and preparing lessons learned from such reviews.
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group's Values and Code of Conduct.
- 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.
- Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.
Role Specific Technical Competencies
- Business Acumen, Product and Operations
- Business Ethics
- CFCC Risk Management
- CFCC Risk Advisory
- Leadership (Influencing and Inspiring)
- Managing Change
- Data gathering, analytics and insights
- Enterprise and Operational Risk Management
- Collaboration and Stakeholder Management
- Regulatory Environment - Financial Services
Our Ideal Candidate
Overall Working Experience
- 12+ overall working experience, Banking or Financial Institution or Regulator or Fintech or equivalent industry
Business & Contextual Experience
- 5+ years in atleast one of the below Businesses or Products
- Retail Banking
- Wealth Management
- Private Banking
- Transaction Banking - Trade
- Transaction Banking - Cash Management
- Markets (e.g., Sales & Trading, Global Credit Markets, Private Side)
- Domain and Functional Experience:
- 5+ years in atleast one of the below
- 5+ years of advanced practitioner level experience in Conduct or Compliance or Financial Crime Risk management, and/or
- Conduct & Compliance Risks
- Data Risk
- Conflict of Interest
- Non-Financial Regulatory Reporting
- Regulatory Conduct
- Market Conduct
- Client Conduct
- Financial Crime Risks
- Anti-Money Laundering
- Anti-Bribery & Corruption
- Sanctions
- Fraud (Internal and External)
- 5+ years of advanced practitioner level experience in Business or Product or Operations Risk Management with exposure to Conduct or Compliance or Financial Crime or Control Oversight in a front or first-line role, and/or
- 7+ years of advanced practitioner level experience in adjunct or interconnected risk operations disciplines (e.g., Financial Crime Risk Surveillance Operations, Compliance Surveillance Operations)
- Leadership Experience:
- 3+ years of extensive experience
- demonstrating leadership skills, leading, inspiring, and influencing stakeholders & colleagues across multiple geographies and/or
- Project or Change Management skills in overseeing, delivering, and implementing strategic or tactical initiatives or projects.
- Other important Experience:
- 3+ years of extensive experience
- Well versed with tools and techniques of analysing potential risk exposures
- Understanding of effective communication skills.
- Understanding of best practice risk assessment techniques and risk management frameworks.
- Understanding of the key features of relevant laws and regulations relevant to the Group
- Sound judgement on business practices, regulatory relationship management and reputational risk,
- Ability to balance both detail oriented and big picture perspectives.
- Ability to collaborate and work dynamically across functions.
- Other important Experience:
- We value your practical and hands-on experience in the above domains .
- Any industry certifications in the CFCC domain are most welcome (e.g., ACAMS, ICA).
- Any industry certifications in the Business or Product domain are most welcome
Key stakeholders
- Global Compliance Officers covering Business or Products or Client Segments or Clusters, and their respective team.
- Chief Country Compliance Officers covering Countries, and their respective team.
- Global Product Owners covering respective CFCC & Risk products
- Global and Country Business Heads
- Global and Country Business Risk Management
- Global and Country Process Leads
- Chief Data Officer and teams involved in developing Data analytical products
- Global Head Technology involved in developing technology solutions and regulatory technology products.
- Audit & Assurance teams
Other Responsibilities
- Embed Here for good and Group's brand and values in the Professional Services, Risk Insights team.
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;
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.
