Job Summary
Responsibility for providing legal advice, guidance and support to CIB Coverage Business (the “Business”) in Singapore including Cash, Trade, Lending, Financing & Securities Services products (the “Product”).
Key Responsibilities
Strategy
• Providing timely legal advice, guidance and support to stakeholders across the Business on Product related Legal matters.
• To review and negotiate legal documentation with clients and other third parties.
• To assist in the design and development of new products and initiatives, including customization of existing products and services.
• Anticipate and proactively provide legal advice and assistance in relation to the Business related projects and initiatives in the region.
• Promote a culture and practice of compliance with legal standards (including conducting business within legal and regulatory requirements, with high ethical standards).
• To identify gaps in legal processes and documentation and reduce legal risk.
• Build the appropriate culture and values and comply with the Group Code of Conduct.
Business
• Provide the Business legal support having regard to PPG/CA parameters and, if applicable, Bank's minimum standards and guidance for the relevant product or services.
• Work with Product teams and other stakeholders to structure and define parameters for new products and initiatives and develop template legal documentation.
• Ensure that global template documents are fit for purposes and promote standardization.
• To assist in the review of legal opinions.
• Liaise with colleagues in other legal teams for cross-border transactions.
Processes
• Assist in the management of, and compliance with, any Group or Country processes owned by Legal where such processes are executed by the Product Legal team.
• Be responsible, in relation to the Product, for: (i) the management of such processes in line with the Group’s process universe as set out in the Enterprise Risk Management Framework; and (ii) associated risks, including activities within the processes which are carried out by the businesses or other functions or which are hubbed or outsourced.
Risk Management
• Maintain an appropriate risk-based approach to assessing and evaluating Legal Risk arising in the Business.
• Identification of legal risks in documentation and processes. Providing legal services to support the Business in achieving its objectives and providing commercial and strategic solutions in supporting the growth initiatives.
• Highlight risks which require approval of senior management and assist the Business in escalating those risks for approval.
• Liaise with various stakeholders for their approval on risks / deviations.
Governance
• Ensure that product approval documents reflect all relevant legal requirements and issues.
• Review PPGs/CAs and clearly articulate the issues and legal risks involved.
• Have an awareness and understanding of the regulatory framework in which Singapore operates, and the regulatory requirements and expectations relevant to the role.
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
Internal
• Country Legal, Product Legal and Group Legal
• Product specialists
• Compliance
• Audit, Risk and Credit
• Relationship Managers
• Documentation Units
• Operations
External
• Law firms
• Peers in other banks/financial institutions
Other Responsibilities
• Embed Here for good and Group’s brand and values in Singapore.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;
Our Ideal Candidate
- Singapore Qualified Lawyer with LLB.
- 5+ years of experience in managing business-related legal matters in private practice or in-house.
- Substantial legal experience across relevant business/product areas.
- Strong knowledge of CIB, with the ability to support China Desk-related matters.
- Strong corporate transactional legal skills and experience.
- Proficiency in Mandarin is required to effectively support the China Desk.
- Sharp business acumen, including the ability to assess legal and commercial risk.
- Strong understanding of risk mitigation and management techniques.
- Sound understanding of relevant laws and regulations.
- Excellent interpersonal skills, with strong cultural awareness and sensitivity.
- Analytical approach to legal practices and procedures.
- Exemplary integrity, ethics, independence, and resilience.
Role Specific Technical Competencies
• Commercial Law
• Products and Processes
• Regulatory Framework and Requirements (SIF)
• Legal Analysis
• Legal Function
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
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