Job Summary

The role requires an understanding the Bank’s Risk Taxonomy, Bank Policies and Standards, the impact regulatory developments have on these, assessing high level applicability of regulatory developments on the Bank and allocating these to the correct impacted stakeholders through a workflow tool. Also monitoring and reporting of regulatory change status against an agreed set of Turn Around Times (TATs) for taking action on impact assessments and Policy/Standard mapping.

About Team/Function 

This is a newly created role within the Risk and Conduct, Financial Crime and Compliance (“CFCC”) COO team as a Manager, Regulatory Identification Unit working with the Director, Regulatory Identification Unit and the Global Process Owner for Managing Regulatory Change (“MRC GPO”) process and Head of Regulation Identification Unit (“RIU”) for Risk and CFCC

Key Responsibilities

•    The Manager RIU is mandated with the responsibility of managing the pre-requisite processes. Identification of new/amended regulatory changes from the agreed regulatory sources. Perform Initial Assessment, record the cases in the workflow/obligation tool and disseminate it to the appropriate stakeholders based on the Risk Type.
•    The RIU’s mandate is to provide centralised horizon scanning for Risk and CFCC regulatory developments and changes, and initial curation of regulatory content to RCT (Regulatory Change Team), Policy Owners/Standard Owners and Country CFCC Teams, for an agreed list of key regulatory authorities. 
•    Following the Risk and CFCC regulatory change target-state and remediation, the responsibilities of this role contribute towards the maintenance and managing the BAU of the RIU as per the pre-defined process and operating model across relevant frameworks.
•    This role is expected to adopt nWOW ("new Ways of Working") through effective agile process of managing the RIU.
•    Proactive and continuous engagement with Policy Owner / Standard Owner teams to provide guidance and direction on the overall Managing Regulatory Change (MRC) process and capabilities of RCMS (Group Obligations Register), including conducting refresher training.
•    Maintenance of Service Level Agreements with Policy Teams to ensure their horizon scanning sources and content exclusions remain relevant and accurate. 
•    Assist in the design of RCMS capabilities, to enhance the effectiveness and usefulness of the Obligations Register, and performance of UAT to ensure enhancements are operating as intended.   
•    Perform a high-level rules-based applicability assessment which includes review of considerations for whether the publication is considered an exception.
•    Assigns a Principal Risk Type (‘’PRT’’) and Risk Sub-Type (‘’RST’’) for the publications considered as applicable to SCB and assigns a priority based on regulatory authority and publication type.
•    Figures out if a case is straightforward or Complex/LSRC based on the factors set out in MRC Standard.
•    Review allocation disputes and remediate the disputes with consideration from Regulatory Change Team (‘’RCT’’)
•    The role holder shall ensure the provision and construction of meaningful aggregated MI / analytics for regulatory identification, horizon scanning, dissemination visibility, implementation, insights and proactive decision making.
•    Ensure appropriate and timely escalations occur to the relevant governance committees (RCOF, GNFRC, Regional and Country Business Risk Committees)
•    Uphold and reinforce the independence of the Risk and CFCC function from those whose primary responsibility is to maximise short term revenues and profits. 
•    Responsible for defining and maintaining standardised regulatory publication taxonomy.

Skills and Experience

Our Ideal Candidate 

• 4 – 5 years of experience within Banking or Financial Services with relevant Regulatory experience and understanding of global regulatory universe across Financial Services
• Knowledge of regulatory identification and their risk types
• Strong data management, analytical and MI design and operational skills
• Understanding of agile ways of working 
• Strong interpersonal, relationship building, and influencing abilities
• Ability to collaborate and work dynamically across a broad range of stakeholders
• Ability to manage geographically dispersed stakeholder base with multi-cultural awareness and sensitivity
• Highly disciplined and structured with an outcome orientated mindset and approach 

•  Exemplary integrity, ethics, independent and resilience

Role Specific Technical Competencies

•    CFCC Management – Business Ethics
•    CFCC Management – Cross-functional collaboration
•    CFCC Management – Organizational Governance and Oversight 
•    CFCC Management – CFCC Policies and Standards
•    CFCC Management – Risk Assessment
•    CFCC Management = Effective Communication
•    CFCC Management = Regulatory Environment – Financial Services

Key stakeholders

•    Risk and CFCC Regulatory Change Team
•    Risk and CFCC Risk Owners and Policy Owners
•    Risk and CFCC Advisory
•    Global Head, Risk Services, Risk and CFCC
•    Technology & Innovation

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.