JOB SUMMARY
1. Provide comprehensive legal support to Wealth and Retail Banking (“WRB”) Singapore, covering Retail Banking products, Wealth Management and related segments, to advance the WRB strategic agenda.
2. Identify, assess and implement solutions to mitigate legal and reputational risks in WRB activities.
3. Oversee quality and costs of external legal services.
Specific Duties:
• Proactively manage legal and regulatory risks for WRB products and related segments in Singapore.
• Serve as contact in Singapore for WRB legal matters, liaising with country, group, business and functional stakeholders.
• Use technical expertise to advise on product, legal, and transactional matters, anticipate and inform relevant stakeholders of the impact of legal and regulatory changes.
• Provide support to WRB segments to resolve customer complaints and disputes.
• Support legal and regulatory risk management for WRB sales in Singapore.
• Develop appropriate documentation for WRB products and transactions and help create global templates when required.
• Support the standardization of key processes and documentation for WRB products.
• Collaborate with Group Legal and Compliance teams to ensure robust local product / provider diligence and governance.
• Ensure material legal and compliance risks are addressed and mitigated in product approvals. Review and approve the Singapore Country Addenda to Product Program Guidelines.
• Maintain strong relationships with internal and external business stakeholders, ensuring an open and cooperative working environment.
• Provide legal advice, briefings, recommendations and reports on material legal risks and issues.
• Efficiently manage external counsel engagement, including clear instructions and fee negotiation.
RESPONSIBILITIES
Strategy
Provide comprehensive legal support to Wealth and Retail Banking (“WRB”) Singapore, covering Retail Banking products, Wealth Management and related segments, to advance the WRB strategic agenda.
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
• WRB Singapore, LCS, CFCR
Other Responsibilities
• Embed Here for good and Group’s brand and values in WRB.
Our Ideal Candidate
• Law degree from a reputable common law jurisdiction.
• Singapore qualified lawyer with 4+ years’ post-qualification experience.
• No preference for either litigation or corporate backgrounds, but experience in wealth management or banking products, and banking and financial advisory regulations would be a plus.
• Able to exercise sound judgement on business practices, legal and reputational risks.
Role Specific Technical Competencies
• Laws and Regulations
• Legal Analysis
• Regulatory Framework and Requirements
• Products and Processes
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
