Job Summary

This position can be based in GBS Bangalore, KL, Warsaw, Guangzhou. The recruitment team will contact you to confirm your preferred location if you are shortlisted. 

Assurance is a Second line defence function established under a delegated Mandate from the Group Chief Risk Officer and the Group Head of Conduct, Financial Crime and Compliance (CFCR). The primary role of Assurance is to provide a risk-based independent view to Senior Management in the business/functions, Second Line and the Board as to the effectiveness of the bank’s policies, processes, systems and controls. It facilitates identification of any gaps & inefficiencies, enabling prompt corrective action to be taken, and is a key source of evidence for the Board & Regulators. Assurance is part of the reasonable steps taken in support of SMF 4, 16 & 17 responsibilities. 

The Director, FC Assurance role reports into the Head of Financial Crime (FC) Assurance and operates within a globally integrated and fungible operating model, working closely with others in the CFCR Assurance team to focus on delivery of Assurance reviews within the FC Assurance remit.

Key Responsibilities

Strategy
•    Support the Head of FC Assurance in delivering a strategy for risk-based and data-enabled assurance coverage across CFCR Assurance, aligned to the Bank’s risk profile, regulatory expectations and internal commitments.
•    The Financial Crime assurance strategy should focus on assessing effective risk management of: 2LOD risk policy setting, the 1LOD in managing the risks, controls and process in their business and functions; and; 2LOD in its role of providing challenge and oversight. All businesses and functions and geographies are within scope.
•    Support the agenda to drive a collaborative risk and control ecosystem across the three Lines of Defence, including effective reliance and remediation tracking.
•    Support the agenda to drive a culture of continuous improvement in assurance delivery, including consistent methodology application, strong documentation and evidence standards, and timely reporting and escalation.

Business
•    Provide oversight of the assurance book of work to ensure alignment to Bank’s Financial Crime Assurance priorities.
•    Maintain a strong quality culture across planning, fieldwork, reporting and issue validation.
•    Maintain strong awareness of FC Assurance regulatory expectations, internal policies/standards, and leading practices in risk management, control testing and assurance.

Processes
•    Work closely with teams across the three Lines of Defence, building good working relationships and engaging with 1LoD testing teams and Risk owners.
•    Follow the Group’s policies and standards, including how we carry out assurance work, track issues, and keep documentation clear and consistent.

People & Talent
•    Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
•    Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Group. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

Risk Management
•    Retesting of controls to support the assessment on both design and operating effectiveness across key processes
•    Support the delivery of a dynamic plan that focuses assurance activity on areas of highest risk and greatest potential impact, including thematic work across geographies where appropriate.
•    Communicate issues and testing insights clearly to senior stakeholders as required, including through concise reporting, escalation and remediation validation

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.

Key Stakeholders
•    Global Head of Assurance
•    Head of Financial Crimes Assurance
•    CFCR Assurance Co-leads
•    Globa Head of CFCRs Assurance Management Team
•    Global Head of Assurance’s Management Team
•    Risk Market CROs/CCO 
•    Group Internal Audit & Investigations
•    Legal & Group Corporate Secretariat (GCS)
•    COOs and Conduct and Control leads – business and functions
•    1LOD testing teams
•    Key regulatory bodies (as required) e.g. Bank of England, HKMA, MAS etc.
•    Appointed Regulatory Monitors

Other Responsibilities
•    Embed Here for good and Group’s brand and values in the Global Assurance team.
•    Perform other responsibilities assigned under Group, Country/Market, Business or Functional policies and procedures.
•    Conduct internal investigation in rare circumstances where the both the Shared Investigative Services team and Compliance Speaking-up team are both implicated in an investigation.
•    Execute director responsibilities to entities where appointed as a Director, to ensure effective oversight and governance in line with local laws and the Group’s polices and risk frameworks.

Skills and Experiences

•    Risk Specialism
•    Market Expertise
•    Independent Challenge
•    Commercial Mindset
•    Execution - Driven
•    Critical - Thinking
•    Solution Driven
•    Proficiency in Tech, AI/ Automation
•    Managing Change & Conflict
•    Integrity
•    People Leadership
•    Stakeholder management & Influence

Qualifications

•    Languages: English
•    Strong assurance, risk and control testing, regulatory inspection or audit experience in Risk, Compliance and Financial Crime within a banking environment.
•    Experience leading and performing Financial Crime reviews 
•    Experience interpreting regulatory rules applicable with Financial Crimes lens 
•    Certified Anti-Money Laundering Specialist (CAMS) Preferred
•    Comprehensive knowledge of banking and investment product across client segments 
•    Previous audit or assurance experience with minimum of 5 years  
•    Substantial experience in the banking industry, including demonstrated success in a similar roles, including across a range of risk areas.
•    Experience in leading transformations in risk and control testing/audit/assurance.  
•    Experience in optimising processes, including via the use of technology. 
•    Strong leadership qualities, excellent interpersonal skills and personal authority based on trusted relationships.
•    Experienced in building leading and motivating teams.
•    Strategic vision for the function.
•    Excellent communicator, effective leader and manager of complex, highly matrixed organizations and the ability to explain complex risk terms in business language.
•    Ability to collaborate and work dynamically across country, region, business, and group stakeholders
•    Strong drive, high levels of integrity, independence, and enthusiasm. 
•    Strong expertise in data analytics, AI, automation, and technology risk management in banking.
•    Strong presentation skills and the overall knowledge, sound judgement and courage of conviction.