Job Summary

To support the Head, Risk and Policy, Legal in the management of risk and policy matters across the Legal, Corporate Secretariat and Shared Investigative Services (LCS) function in the First line and Second line of Defence (1LOD and 2LOD) 
This role will support BAU and transformation requirements to ensure robust sustainable risk identification and detection processes going forward, and a proportionate reflection of risk
 

Key Responsibilities

Strategy

• For 1LOD risk, engage as a coordinator and point person between LCS teams, Process Owners, Risk and Control teams and framework teams including Group Risk including the identification, management and implementation of the Enterprise Risk Management Framework (ERMF)

• 2LOD subject matter expert for Legal Enforceability risk identification and management across business segments operating in 1LOD, an in addition any Policies or Standards owned by Legal in 2LOD. Oversight should include correct assignment and oversight of the risk in 1LOD, proportional risk ratings and controls being in place to detect risk is operating within threshold.

• Support the LCS function in the implementation of Enterprise Risk Management Framework changes.

• Support the LCS function in the implementation of Changes to Group policies and standards that impact them

• Periodic Risk & Conduct Management Information and trend analysis for making judgements

• Performing LCS owned policy assurance / other effectiveness reviews mandated by group policies for compliance

• Support delivering actions from Risk Treatment Plans and Remediation Plans for the LCS function (1LOD)

• Supporting LCS 1st line process with their control monitoring activities.

• Ensure function wide compliance with Group Policies

Key Responsibilities

Business

• Ensure applicable risks are identified and accurately risk rated, with controls in place, having considered all Risk types and Sub Types in the ERMF

• Support through the RCSA activities

• Ensure Controls are well designed and operating effectively.

• Monitor controls for performance against threshold, escalating when these are outside of threshold with remediation plans put in place.

• Identify elevated risk and ensure Risk Treatment Plans are in place, agreed with Risk Framework Owners and are delivered on time to Low

• Identify and embed applicable Policy and Standard changes

• Identify and embed applicable Regulatory changes

• Create learning and educational plans where necessary to ensure risk is considered and actioned in a timely manner, in particular where new risks are identified

• Raise self-identified and Material Risk Events proactively when required.

• Assist in all aspects of M7 requirements

• Facilitate and guide (where required) implementation of various Group or Legal COO projects on an ad-hoc basis

• Assist the LCS function on requests from OR, audit, regulators around risk and policy.

People & Talent

• This is a non-people leader role; however, the role may be required to support and where necessary mentor new joiners and other team members.

Risk Management

SME risk management is integral to the role. In particular knowledge of the following should included in the employee competencies:

• Governance Risk and Compliance
• ERMF
• Entity Structure of the Group 
• 1LOD and 2LOD risk management 
• RCSA requirements

Governance

• Support the Head, Risk and Policy, Legal in the effective management of the LCS Risk including the LCS NFRC.
• Support the LCS function in the process of risk identification and reporting / escalation to LCS Non-Financial Risk Committee (NFRC).

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.

• Manage the LCS teams in E&A to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]

Risk Management

SME risk management is integral to the role. In particular knowledge of the following should included in the employee competencies:

• Governance Risk and Compliance
• ERMF
• Entity Structure of the Group 
• 1LOD and 2LOD risk management 
• RCSA requirements

Skills and Experience

• Operational Risk Management and First Line OR support experience
• Knowledge of the SCB ERMF and O&TRTF    
• Knowledge of SCB Client Segments – CCIB & CCPB    
• SCB Business Acumen - Committee governance / Management e.g., drafting of risk papers, supporting and attending risk committees    
• Data Management experience / background - Experience of the SCB Data Privacy Transformation - Programme preferred.  
• Project Management    

Qualifications

• Extensive risk management knowledge / experience e.g experience in operational risk, compliance, or comparable roles at a country, regional, business, or functional level.
• A clear understanding of the Bank’s approach to the management of risk including SCB Enterprise Risk
• Management Framework and Operational and Technology Risk Framework and methodology, or equivalent experience gained in other organizations.
• Experience of governance and committee management.
• Project Management qualification or experience is beneficial.
• Legal qualification, degree or experience is beneficial.
• Experience implementing non legal policies and projects in a business or function e.g. relating to data management, cyber security, or third-party risk management, is beneficial.
• Ability to work in a complex matrix organization, leveraging resources across the organization to complete deliverables.

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.