Director, CIB, TB CFCR Advisory, DCS

JOB SUMMARY
A CFCR Advisory role for Transaction Banking (TB) focused on DCS. SCB has a strong global heritage as a leading cash management bank, and this is an exciting opportunity for a seasoned risk manager to support a growing business that is at the forefront of contributing to global economies. The role holder will join the Group CFCR Transaction Banking Advisory team in their capacity as Director, CIB, TB CFCR Advisory, DCS and support the Global Head, CFCR Advisory TB and Executive Director, CFCR Advisory TB, in managing all compliance, financial crime and conduct risks relating to TB business.

The role holder will be responsible:

•    To help the Group meet its commitment of being “Here for Good” by building a sustainable framework that places Compliance, Conduct and FCR 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 and FCR Principal Risk Type Frameworks (“PRTFs”) through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the Group’s TB Cash and Digital Channels, Data Analytics & Platforms, businesses.
•    For the evaluation and assessment of the effectiveness of the Group’s Compliance, Financial Crime and 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, and to assist the Global Head of CFCR, TB & Africa, to interface with and support all key stakeholders

•    For supporting the management of regulatory relationships with all of the Group’s regulators, whose rules the Group is subject to.

RESPONSIBILITIES

Strategy
•    Contribute materially towards the development, support and implementation of the vision, strategy, direction and leadership for Group CFCR Advisory TB team, consistent with the Global Head, CFCR Advisory, TB vision and strategy for the CFCR function and in support of the Bank’s strategic direction and growth aspirations.

•    Provide consistent support to colleagues with responsibilities for CCIB Advisory TB, including highlighting key areas of pan-geographical focus. Drive an increased awareness of CFCR Advisory TB technical and strategic knowledge in regions and countries to sharpen focus on how local regulatory reform impacts the client segments. Emphasise global standards.

Business

•    A key Group Advisory role is based in Singapore/Hong Kong providing Conduct, Financial Crime Compliance (CFCR) advice and support to our Transaction Banking (TB) Sales which consist of Digital Channel Solutions (DCS), TB implementation and TB Services, which are all part of Commercial and Institutional Banking (CIB) Business. 
•    The role holder will have responsibility for oversight of the implementation of Compliance, Conduct and FCC policies and procedures for the relevant TB processes to the extent the processes have been identified as owned by the CFCR function, in line with the Group’s process universe as set out in the Group Operational Risk Framework, including activities within the processes owned by the CFCR function which are hubbed or outsourced. The role holder will be responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances may occur.

Processes

•    Support efforts to establish and maintain effective processes (including training, advice and support) to ensure that policies, procedures and standards to address compliance risks (excluding financial crime) are effectively implemented and adhered to across TB business.
•    Timely mitigation and resolution of risks and issues, establishments of effective controls, in collaboration with all relevant stakeholders.
•    Provide support and challenge to relevant stakeholders to ensure that they establish and monitor appropriate processes for compliance with compliance policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).
•    Collaborate with training teams to input into training curriculum to support closing of capability gaps and to meet the training needs of TB business

People & Talent

•    Role-model and assist the Global Head, CFCR Advisory, TB to build the appropriate culture and values.
•    Promote and embed 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 constructive developmental feedback at business, function, country and individual level as appropriate,on CFCR matters.
•    Contribute materially towards the migration of skill, knowledge, best practice and lesson learned across the network between CFCR Advisory and Centre of Expertise colleagues especially in relation to legal/regulatory risks and compliance with relevant regulations and internal policies/standards as they pertain to TB business.

Risk Management
•    Ensure effective management of all CFCR matters and, in collaboration with the rest of the team, effectively manage the oversight and challenge of regulatory issues that have impact on the Bank.
•    Collaborate with the other CFCR 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 of business.
•    In the event of serious regulatory breaches, or where risk tolerances have been breached, support the escalation to senior management in the Bank and relevant regulators.
•    Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform.
•    Support the Executive Director, SCIS and Global Head CFCR TB & Africa to provide reports, as required to relevant Group and Business risk and control committees and management group on key compliance risks and issues.
•    Support delivery of annual CFCR Risk Assessments

Governance

•    Support the delivery of the TB business compliance operating framework
•    Contribute to the creation of a variety of forum across TB Compliance to discuss issues arising at a Group and local level.
•    Ensure a seamless integration between Group and Cluster by regular contact with Cluster stakeholders as well as coming up with initiative to further that integration
•    Organising of the agenda and follow up on the action points resulting from the various forums mentioned above
•    Creation and maintenance of a Global tool to coordinate activities across TB compliance 
•    Full mapping and maintenance of the TB compliance governance universe
•    Support the monitoring and delivery of all governance reports that Global Head, TB compliance is responsible for (Risk Control Owner, Risk committee, etc)

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.
 
Key Stakeholders

•    Global Head of TB – Trade, Cash, DCS
•    Group CFCR TB and DCS Teams
•    Cluster & Country CFCR Teams

•    Colleagues from Transaction Banking and DCS business

Our Ideal Candidate
•    University Graduate or equivalent degree 
•    5+ years working in Financial Institutions in FCC or Compliance Functions
•    Experience assessing and managing FCC and/or Compliance risk 
•    Ability to foster positive relationships with internal and external stakeholders at a senior level ensuring open collaborative environment.
•    Ability to work independently and deliver efficient outcomes working through complexity and ambiguity.
•    Demonstrated relationship building skills – both internal and external across multiple jurisdictions
•    High level of integrity and professionalism 
•    Strong planning and organisational skills
•    Strong written and verbal communication skills

Role Specific Technical Competencies

•    Business Acumen
•    Business Ethics
•    CFCR Risk Type Advisory
•    Compliance and Financial Crime Compliance Policies and Standards 
•    Compliance Review and FCR Assurance
•    Risk Management
•    Surveillance (including Screening and Monitoring)
•    Organization Governance
•    Compliance Risk Assessment
•    Regulatory Environment – Financial Services
•    Manage Change
•    Manage Projects
•    Data Gathering and reporting 

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.

Recruitment Assessments

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Visit our careers website www.sc.com/careers