Job Summary

The Risk Utility Checker is a control and quality assurance role within the SCM TPRM Centre of Excellence (CoE). This role will provide independent, consistent and high quality-checking of third-party risk assessments performed by the Contract Owners in the respective businesses and functions, ensuring that risk identification, assessment, documentation and approvals meet bank policy, regulatory expectations and enterprise risk standards. Note that the Risk Utility Checker does not own the contract risk or the business decision to engage a third party.

Key Responsibilities

Strategy

•    Support the execution of the bank’s TPRM strategy by embedding a consistent, risk-based checking approach across all third party categories
•    Work closely with the TPRM Process Governance and Risk Support team to contribute to the evolution of the TPRM risk utility operating model, including standardisation, scalability and automation opportunities
•    Provide data-driven insights on systemic risk and control weaknesses to inform TPRM strategic priorities and investment decisions

Business

•    Enable businesses and functions to engage third parties safely, efficiently, and in line with the risk appetite
•    Act as a trusted risk partner to 1LOD business owners by providing timely, constructive challenge and clear guidance

Processes

•    Execute standardised risk assessment checks across the contract lifecycle, through applying TPRM GPO and RFO-aligned checklists, consistently across regions and business units
•    Identify process inefficiencies, recurring issues, and control gaps in the risk assessment process
•    Support continuous improvement of TPRM workflows, templates and tooling in collaboration with process owners / RFOs

Risk Management

•    Perform independent quality checks on risk and control assessments, including risk artefacts and mitigation plans
•    Provide effective risk challenge where risk assessments are incomplete, inconsistent, or not aligned with policy or risk appetite
•    Escalate to the appropriate Risk Group SMEs / RFOs in cases where they exceed the pre-agreed guidelines or risk thresholds

People and Talent 

•    Effectively and collaboratively identify, escalate, mitigate, resolve any risk, conduct and compliance matters
•    Provide feedback and informal coaching to Contract Owners to uplift risk capability and assessment quality over time
•    Support knowledge sharing and capability building within TPRM CoE and across the wider organisation

Governance 

•    Ensure third party risk assessments comply with TPRM policies, standards and governance requirements
•    Support governance forums and committees with quality insights, escalation summaries and trend analysis
•    Monitor adherence to defined service levels, escalation thresholds and decision authorities within the TPRM framework

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

•    Supply Chain Management Head of TPRM Process Governance and Risk Support
•    Supply Chain Management Cluster TPRM Leads
•    Contract Owners
•    Risk Framework Owners
•    Business & Function TPRM SPOCs
•    Group & Country OTCR Team
•    S&T COO Team
 

Qualifications

•    EDUCATION: Degree or equivalent qualifications
•    LANGUAGES: English is mandatory 

Skills and Experience

•    Third Party Risk Management Process and Controls
•    Operational Risk  

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.