Job Summary

We are looking for a Head, US Banking Law Advisory to join our team who will be responsible for providing Second Line of Defence advisory duties for US bank regulatory requirements for which CFCR is the Risk Owner (exclusive of FCC related regulatory requirements), which includes the following: 
•    FRB regulations
•    NYDFS regulations
•    State privacy regulations
•    State banking laws applicable to the SF branch and US representative office

In such capacity, you will be expected to support CFCR Coverage Officers, Regulatory Affairs and Governance on the interpretation and applicability to SCNY of bank regulatory requirements and assist and/or lead on the development of appropriate solutions consistent with associated risk.

You will further act as the risk owner under the Group Equity Holding Standard advising offshore equity investing businesses on BHCA requirements and in such capacity oversee the compliance framework (tools and methodology), liaising with US Regulatory Reporting as necessary. Act as the risk owner for the local Regulation W Policy and in such capacity oversee the compliance framework and advise 1st line process owner on related requirements.

Additionally, you will be expected to act as US SME on:

•    Cross-border initiatives – CER’s and offshore banking for US persons
•    Outsourcing/TPRM matters
•    HR/WFH analyses

Key Responsibilities

Processes
•    Act as Process Owner for the BHCA compliance tool (Confluence or Advisor Connect) 

Risk Management
Specific to the operational risk sub-types under your remit; execute second line Risk Ownership responsibilities as outlined under the Operational Risk Framework (ORF) and associated policies and procedures. Including, but not limited to the following:
•    Ensure that required control standards are being met, by continuous monitoring of risk and control indicators.
•    Highlight and escalate (as required) where control standards are not being met, including highlighting control design deficiencies or gaps to Group Risk Owners.
•    Challenge and approve (where appropriate) first line risk identification, residual risk assessments and mitigation plan, taking into account changes to the internal and  / or external environment 
•    Review, challenge and support Risk Acceptance Requests request made by relevant Country Process Owner(s) for submission to the authorized risk acceptance authority.
•    Monitor ‘live’ risks, and jointly with first line owners, ensure that appropriate management action is being taken to mitigate their impact.
•    Anticipate, assess and communicate key regulatory risk trends in-country, for management consideration through the delivery of regulatory mandated Risk Assessments. 
•    Drive the development and implementation of appropriate mitigation control measures.

Day-to-Day Tasks

Governance
•    Work on various Project Steering Committees (PSCs) to ensure Americas Governance constructs firmly in place. 
•    Oversee Branch / Rep Offices Regulatory notification/approval filings for relocations.
•    Work with Regulatory Affairs to ensure Group wide system accurately reflects America’s organizational elements/entities.
•    Prepare regular and accurate reports that demonstrate understanding, provide clear analysis and which are escalated to the relevant risk managers and governance bodies.
•    Handle ad hoc enquiries and surveys as requested by the regulators, as requested.

Business
Responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Group from time to time) may occur and notifying any such breaches to (as appropriate):
•    US Head, CFCR
•    US CEO; 
•    the Americas Risk Committee and/or the US Risk Committee; and/or 
•    in conjunction with Regulatory Affairs, the local regulators.

Responsibility does not encompass the operation of information technology systems used to implement any policies and procedures, which is the responsibility of the Regional Chief Information Officer.
Responsibility does not encompass fraud, FCC or cyber related matters. 

Other Responsibilities

•   Assist Senior Management in ensuring that the Bank and its subsidiaries operate in accordance with the relevant local requirements as well as the standards of the regulatory system, Group standards and the conduct of business in order to protect and enhance the reputation of the Bank.
•    Proactively drive the development and maintenance of good relationships with internal and external stakeholders at appropriate levels ensuring an open and cooperative environment.
•    Provide timely regulatory advice and recommendations on key issues (including on Prudential Regulation, in partnership with Finance and Risk Functions) and proactively monitor regulatory developments.
•    Provide guidance on proper application and interpretation of banking laws, regulations and policies applicable to the country.
•    Set control standards and provide advice on the development of appropriate controls for the mitigation of regulatory risks.
•    US Advisor for all cross-border related issues (i.e. Sales/Marketing Products) and key liaison with other regional counterparts.
•    Assist in overseeing relevant administration and licensing as required by local banking regulatory requirements. 

Qualifications

Education

•    15+ years Legal, Compliance and Regulatory risk management experience 
•    Substantial experience in the banking industry and within the Group.
•    Sharp business acumen (including the ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness.
•    Ability and experience in managing geographically dispersed and highly varied customer and product base.
•    Ability to collaborate and work dynamically across country, region, business and group stakeholders.
•    Strong understanding of best practice risk management techniques and frameworks.
•    Strong understanding of the key features of all the relevant banking laws and regulations relevant to the Group.
•    Sound judgement on business practices, regulatory relationships management and reputational risk.
•    Exemplary integrity, ethics, independence and resilience.
•    Personal authority with proven ability to establish relationships and provide strong direction at the most senior levels on the Group and with regulators and other external stakeholders.

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 ter

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

Expected annual base pay range for the role is 214,200 USD to 309,400 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations 

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