Job Summary
As an independent second line risk control function, execute the relevant aspects of the CFCR PRTFs through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the Group’s business. Responsible for the evaluation and assessment of the effectiveness of the Group's CFCR commitments and requirements. In the capacity as Head of Risk & Compliance, responsible for providing the Country Management Team with regular Risk & Compliance Reports, acting as the principal point of contact with FINMA on day-to-day regulatory matters relating to the Switzerland entity, and maintaining independence, timely responses and escalation of risks and issues where the risk management tolerance of the firm is exceeded.
Key Responsibilities
• Support and implement the vision, strategy, direction and leadership for the CFCR team, consistent with CFCR’s vision and strategy and in support of the Bank’s strategic direction and growth aspirations.
• Promote the culture and practice of compliance with standards, including conducting business within regulatory requirements and to high ethical standards, and embed a “Here for Good” culture and the Group Code of Conduct.
• Develop a comprehensive understanding of the business model and strategy in order to provide substantive oversight, support and challenge to enable appropriate and sustainable CFCR outcomes.
• Provide regulatory advice, analysis and challenge in relation to the full product life cycle, new business initiatives, bespoke projects, remedial activities and transactional advice.
• Support the management of regulatory relationships and act as the principal point of contact with FINMA on day-to-day regulatory matters relating to the Switzerland entity.
• In partnership with the CEO, develop and maintain relationships with regulatory bodies in accordance with the country Regulatory Relationship Plan.
• Act under delegation from the respective Risk Framework Owners for the principal risk types of CFCR in discharging the responsibilities contained in the ERMF for Switzerland, to the extent that CFCR is the appropriate second line Risk Owner.
• Establish and maintain effective processes, including training, advice and support, to ensure that policies, procedures and standards addressing CFCR risks are effectively implemented and adhered to across the Business.
• Within the Group's overall Risk Management Framework, establish and maintain appropriate risk-based compliance frameworks for identifying, assessing, managing, monitoring, mitigating and reporting compliance, regulatory and financial crime risks across the Business.
• Provide robust challenge where activities are outside risk tolerance or appetite, escalating as necessary until appropriate oversight, ownership and remedial action are achieved.
• Ensure effective management of CFCR matters and regulatory issues that have a significant impact on the Bank, including timely escalation, remediation and cessation of activities where required.
• Provide reports to relevant Group and Business risk and control committees and the Country Management Team on key CFCR risks and issues.
• Attend relevant leadership meetings and provide relevant reports to senior management and governance/risk committees.
Qualifications
• Expert knowledge of financial services, banking and relevant applicable laws and regulations in Switzerland
• Strong analytical approach
• Good communication and interpersonal skills, especially with business people
• Good judgement enabling the provision of sound advice in difficult areas of risk and compliance
• Inquisitive approach to practices, procedures and specific transactions
• Independence and robustness
• Personal authority, integrity and ethics
• Ability to work under pressure, meet deadlines and work effectively with business units
• Good command of Microsoft office
• Proficiency in English, written and spoken.
• French and/or German optional
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.
- 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.