Job Summary

Reporting to the Chief Compliance Officer, this is a Senior member of the Compliance team and will assist in the business compliance coverage of SCV and keep abreast of the key CFCR considerations and key horizon risks relevant to Standard Chartered Bank’s SCV businesses across its footprint. 

Key Responsibilities

Strategy
 
•    Focus on driving Conduct, Financial Crime and Compliance (CFCR) considerations across all activities within SCV covering a wide range of areas/topics including (but not limited to): retail banking, corporate banking, strategic investment, data strategy and digital assets.  This role has particular BAU responsibilities for investment-related governance, CFCR activities and advisory in SCV. 
•    Responsible for supporting the awareness and adoption of an appropriate governance model appropriate across all SCV activities, taking into account senior management responsibilities, entity structuring and expansion planning.
•    Responsible for implementing and role modelling the CFCR Function of the Future and the implementation of the eight CFCR products. 
•    Responsible, with the CFCR team, for leading and driving the strategic adoption of data management framework fit-for ventures including Committee and Working Group memberships, across key CFCR considerations including (but not limited to): use of Responsible AI/ML, data quality, data privacy and records management.
•    Responsible, with the CFCR team, to support strategic venture building by adopting appropriate approaches for each venture, considering the business strategy, geographic coverage, regulatory context and the CFCR risk profile.
•    Responsible, together with SCV CCO, for the development of CFCR advisory talent to build a sustainable talent pipeline for the CFCR function.
•    Responsible with the CFCR team, for on-going engagement of SCV and Group CFCR to ensure SCV deploy an appropriate CFCR governance model, framework, the ongoing oversight and ongoing CFCR risk assessments at all-times.

Business
•    Responsible to collaborate and drive a methodology tailored to the geographic and regulatory context to help ventures shape their business/CFCR journey, the venture classification both internally (i.e. based off ABCD model) and externally (i.e. subsidiary undertaking, licensed/regulated activities) and determine the right-sized CFCR risk management framework befitting of the CFCR risk profile of the Venture. Such framework will cover CFCR risk identification, assessment, monitoring, training and product / business advice.
•    Drive and implement the vision, strategy and direction set by the SCV CCO by driving the implementation of the agreed decision-making process for new ventures

Processes
•    Responsible to make recommendation for approval by the SCV Committee, appropriate policies and standards, together with clear operationalisation of the agreed processes for the Ventures to address CFCR risks, aligning them with relevant regulatory requirements and Group expectations.
•    Provide governance and oversight over the implementation of CFCR related policies and procedures in the Ventures to ensure compliance with such policies and procedures.

People & Talent
•    Responsible to lead through example and build the appropriate CFCR culture and values. Set appropriate tone and expectations of the SCV CFCR team and work in collaboration with risk and control partners.
•    Oversight of the holders of all critical CFCR functions in the Ventures or the third party CFCR vendors of the Ventures to confirm competence, skill and appropriate capability. 

Risk Management
•    Responsible for collaboration and deployment of the appropriate governance model to properly manage CFCR risk covering key aspects including (but not limited to): shareholder representation, board membership, delegation of authority, senior manager responsibilities etc.
•    Responsible to collaborate and deploy the entity structuring and expansion planning of SCV including setting up of new legal structure(s), regulatory engagement, local CFCR engagement etc.
•    Responsible to collaborate and deploy the appropriate framework to manage party risks posed by unconventional third parties relationships including (but not limited to) business partnerships, joint ventures and alliances
•    Responsible for collaboration and deployment of appropriate governance model for Artificial Intelligence and Machine learning for SCV across the platform and business venture-levels.
•    Identify and assess sources of CFCR risks and ensure that systems and controls are appropriate to mitigate and manage risks within acceptable risk tolerance levels. Report on material CFCR risks.
•    Challenge and maintain the right balance between risk prudence and pace of innovation set by the new competitor landscape.
•    Collaborate on preparation and cascade audit plans and findings, CFCR assurance activities and investigations to relevant stakeholders.
•    Provide timely escalation and relevant oversight information to the SCV CCO on key CFCR risks and control issues

Governance

• Ensure swift remediation of regulatory breaches in SC Ventures. 
• Attend relevant meetings and represent CFCR in the relevant business forums, including as a CCO delegate, where required and appropriate.
• Provide relevant reporting and review of relevant management information
• Propose control effectiveness and efficiency improvements and simplifications to SC Ventures where appropriate.
• Engage with assurance and regulatory reviews in SC Ventures to ensure they are managed appropriately, including tracking, remediation and preparing lessons learned from such reviews.
• Within the Group's and SCV’s Enterprise Risk Management Framework, support and maintain appropriate risk based CFCR framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory and financial crime) risks across SC Ventures.

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.
•    Lead to achieve the outcomes set out in the Bank’s Conduct Principles 
•    Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Skills and Experience

•    Business Acumen
•    Cross-Functional Collaboration
•    Establishing and Maintaining Trust
•    Effective Communications
•    Risk Management
•    Influencing Through Expertise
•    Problem Solving 

Key Stakeholders

• SCV CCO
• Group CFCR SMEs
• SCV Governance Team
• Country CFCR Teams

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.