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Senior role in Compliance & Risk – CIB & CFCR at Standard Chartered, Kuala Lumpur.
Lead policy, risk, and remediation for Corporate & Investment Banking businesses.
Job Summary
The role sits within the Compliance, Financial Crime (CFCR), and Conduct Risk team. Specifically supporting the Corporate & Investment Banking businesses. The team is part of the global advisory team working with Business, COO, and Risk stakeholders. The role Supports the strategy and direction of the CFCR department, providing oversight and challenge of the CIB businesses, and provides support for ongoing risk assessment and Non-Financial Risk management. The role will primarily work with the advisory teams on Policy and Standard implementations and effectiveness with our first line stakeholder. Supporting second line Risk Owners in overseeing their defined areas of responsibly across CIB. The team will also support remediation efforts across the businesses to ensure CIB remains within risk tolerance.
Key Responsibilities
Strategy
Support and implement the vision, strategy, direction and leadership for CIB CFCR, consistent with Head, CFCR Advisory, FM, Operations, Controls vision and strategy for the Compliance function and in support of the Bank’s strategic direction and growth aspirations.
Business
Develop a comprehensive understanding of the business model and strategy in order to provide substantive oversight support and challenge in order to enable appropriate and sustainable CFCR outcomes.
Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality conduct, financial crime & compliance-related advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
Provide advice, analysis (and challenge when appropriate) in relation to the relevant CIB business including product design, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), and transactional CFCR advice.
Provide robust challenge to senior management and all relevant business stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary, until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance/ appetite.
Work closely with the business and its operational teams to provide timely advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive CFCR risk mitigation.
Support the resolution of competing requirements between regulations specific to the relevant CIB business.
Process
Act under delegation from the respective Risk Framework Owners for the principal risk types of Compliance, Financial Crime & Conduct Risk (CFCR) in discharging the responsibilities contained in the ERMF to the extent that CFCR advisory is the appropriate second line risk owner.
People & Talent
Lead through example and contribute to the appropriate culture and values.
Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
Stimulate an environment where forward planning, prioritization, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
Provide feedback at business, function, country and individual level as appropriate, on CFCR matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).
Drive the migration of skill, knowledge, best practice and lesson learned across the network between CFCR Advisory colleagues especially in relation to legal/regulatory risks and compliance with relevant regulations and internal policies/standards as they pertain to the relevant CIB business.
Risk Management
In accordance to the Group’s Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant CIB business processes.
Collaborate with the Product CFCR teams, CFCR Advisory Management Team and / or the CFCR Management Team to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct of business.
Ensure effective management of CFCR Advisory matters, and in collaboration with the rest of the CFCR team, effectively manage regulatory issues that have a significant impact on the Group including but not limited to conflicts of interest, cross border, data conduct and onshore/offshore transactional support and control (in partnership with relevant Compliance teams).
Collaborate with relevant senior managers to support a programme for conduct, financial crime, surveillance and assurance for the relevant CIB business.
In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management in the Group and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and engagement in regulatory reform.
Assist and work closely with the Group Shared Investigation Services team in relation to investigations concerning the relevant CIB business.
Liaise with the internal audit function to ensure that any CFCR weakness identified by the internal audit function relating to relevant business activities are appropriately followed up where they are relevant to CFCR.
Provide reports to relevant Group and Business risk and control committees and management group on key conduct, financial crime and compliance risks and issues pertaining to relevant CIB business.
Maintain adequate management MI / trackers across all aspects of their coverage and responsibility to ensure all issues and matters are tracked, followed, regularly assessed and reported on, including oversight of risk acceptance and/or mitigating action plans, identification and management of high risk clients or specific country reviews relating to relevant CIB business.
Provide advice on the application of CFCR risk management frameworks (e.g. ERMF) and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies.
Maintain oversight of risk acceptance and/or mitigating action plans where CFCR is the risk owner.
Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
Provide intelligence inputs to support calibration of the Bank’s Risk Methodologies (including aggregate product risk).
Provide reports to relevant Group and Business risk and control committees and management group on key compliance risks and issues.
Project/Change management
Participate in key change programmes and projects for the relevant CIB busienss, drive assessments to define change requirements and recommend appropriate solution to strengthen controls and compliance.
Participate and support the execution of change initiatives and implementation.
Track regulatory developments and coordinate responses to new or evolving regulatory requirements.
Maintain detailed project plan and timelines for governnace and management reporting purpose.
Monitor progress, escalate issues or delays and support resolution tracking to completion.
Key stakeholders
Business Management Team
Business COO Operations Team
Group Legal
Group Operational Risk
Group Internal Audit
Group Operations
Group Technology
Group Compliance; Regional CFCR CCIB
Other Responsibilities
Support embedding Here for good and Group’s brand and values
Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards.
Skills and Experience
Compliance Policies and Standards
Compliance Advisory
Compliance Review and FCC Assurance
Surveillance (including Screening and Monitoring)
Investigations
Compliance Risk Assessment
Regulatory Liaison
Manage Change
Manage Projects
Manage Conduct
Manage Risk
Manage People
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.
Information at a Glance
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Job Skills
Forward Planning
Business Administration
Business Partnerships
Risk Assessment
Strategic Management
Change Management
Knowledge of Standards Compliance
Ethics
Corrective and Preventive Action
Business Model
Self Motivation
Product Design
Brand Management
Investment Banking
Innovation
Risk Reduction
Remote Monitoring
Geography
Enterprise-Wide Risk Management Framework
Continuous Training
Time Management
Regulatory Developments
Risk Analysis
Leadership
Workflows
Consulting
Governance
Organisational Policies
Project Planning
Financial Crime Compliance
Risk Measure
Operational Risk Management
Research Skills
Assertiveness
Project Management
Calibration
Team Management
Elearning
Risk Management
Business Processes
Mental Health
Governance Risk Management and Compliance
Carrying out Assessments
Knowledge of Finance
Conduct of Business Sourcebook
Knowledge of Laws
Regulatory Requirements
Interpersonal Skills
Offshore Work
Team Working
Regulatory Compliance
Auditing Skills
Business Development
Perseverance
Research Methodologies