Job Summary

This role could be based in UK and Singapore. When you start the application process you will be presented with a drop down menu showing all countries, please ensure that you select a country where the role is based.

The Financing & Securities Services (FSS) business has a unique footprint in Asia, Middle East, and Africa, and offers a growing range of products, such as direct custody, international custody, funds services, trustee services, transfer agency, prime services, and agency securities lending, to several client sectors including banks, investors, intermediaries, sovereigns, fund managers insurance companies and corporates. FSS also offers digital assets to its client’s base, which can be in pure digital native form or a hybrid with traditional FSS products. 

The jobholder is part of the COO FSS world responsible for identifying, assessing, mitigating and remediating business risks with potential financial, operational and reputational consequences. Responsibilities include providing the business with a line of sight to business risks through managing the risk register and quantification of risks, as well active risk mitigation and remediation.  Also responsible for ensuring appropriate escalation of risks as required in line with ERMF.  

The jobholder will also focus on the risks for Digital Assets, and provide business risks coverage for FSS Europe/America and Africa & Middle East. 

Role will report into FSS COO. 

Key Responsibilities

Strategy
•    Awareness and understanding of CIB, COO and FSS’s strategy 

Business
•    Awareness and understanding of FSS business, economic and regulatory/market environment in which the Group Operates. 

Processes
•    Responsible for the non-financial risk management of FSS business 

People & Talent [For those with direct reports]
•    Responsible for continuously developing a team of strong risk managers. 
•    Responsible for leading through example and building the appropriate culture and values. Sets appropriate tone and expectations for the team and work in collaboration with risk and control partners. 
•    Responsible for leading and supporting a change in mindset, building a culture of client centricity, agility, and accountability through standardised metrics and measurement. 
•    Responsible for driving training and communications to promote awareness and continuous learning for risk control and governance aspects. 
•    Responsible for ensuring the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks 

Risk Management
•    Responsible for managing FSS business risk. Ability to connect the themes and issues across the products, functions and locations.
•    Responsible for monitoring control execution trends and internal/external events to proactively identify non-financial risks. Identifies sources of risks through changes in the external environment, new regulation, new products, changes to business strategy, incidents, reviews and other measures of control effectiveness.
•    Responsible for performing reviews and assesses risk metrics (losses, near miss incidents, control effectiveness data in order to identify top themes and trends.
•    Responsible for driving end to end risk assessment initiative to proactively identify and remediate control weaknesses.
•    Responsible for ensuring that when processes change, controls and monitors are fit for purpose and redesign where necessary.
•    Responsible for periodically reviewing controls and ensuring they are fit for purpose, rationalizing and simplifying control monitors, where possible.
•    Responsible for leading the design and implementation of new controls and monitors required to fulfil new internal policy/regulatory requirements.
•    Responsible for leading the completion of RCSAs within the FSS Process Universe.
•    Responsible for completing high quality and timely risk documentation - top risk profiles, residual risk assessments, risk treatment plans for material risk events elevated residual risk treatment plans, management action plans, risk committee papers.
•    Ensure any material issues are escalated directly to the Head/COO of the FSS business in a timely manner when required i.e. Significant risks, regulatory breaches, significant conduct issues, capacity or capability issues, client complaints (top tier clients), Client Asset protection issues, material organizational changes, transfers of activities and/or incremental costs to FSS through outsourcing

Risk Remediation
•    Responsible for ensuring proposals for improvements to internal controls are balanced with organizational objectives and capabilities.
•    Responsible for leading the development of risk remediation plans ensuring plans robustly address the risk, are well structured considering all interdependencies, all respective stakeholders have been engaged and that timelines are realistic.
•    Responsible for leading the work with the Group Process owners (GPO) and Risk Framework owners (RFO) on the execution of the remediation plan, the design of control and control monitors to remediate the identified risks. Ensure new controls and monitors are tested in BAU.
•    Responsible for providing all evidence as required to the RFO and Audit teams to validate the closure of the identified risks

Audits
•    Responsible for coordinating various global internal/external audits/reviews and liaising with various stakeholders to ensure timely and accurate information is provided.
•    Responsible for tracking actions against audits / reviews and reporting the status of these actions periodically to the appropriate governance forums, to ensure timely closure.

Governance
•    Responsible for assisting in ensuring effectiveness of FSS NFRC 
•    Responsible for ensuring policies and standards are fit for purpose for FSS 
•    Maintains awareness and understanding of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.

Skills and Experience

•           Experience in digital assets, fintech risk, cyber risk or adjacent emerging risk disciplines

•           Strong understanding of risk and control frameworks

•           Innovative mindset with ability to operate in evolving regulatory environments

•           Strategic thinking and stakeholder management at senior level

•           Banking experience helpful but not essential

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

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website www.sc.com/careers