Associate Director, Business Risk Assessment & Advisory

Job Summary

• This role could be based in Malaysia and India. When you start the application process you will be presented with a drop down menu showing all countries, Please ensure that you select a country where the role is based.

Corporate & Investment Banking – Business Risk Assessment & Advisory - Client Coverage.

Join us as Associate Director, Business Risk Assessment & Advisory, supporting CFCC Managed Services to identify, assess, monitor and advise on Conduct, Financial Crime and Compliance risks across businesses, products, clusters and countries. This role requires a seasoned CFCC risk professional with strong business risk advisory experience, deep regulatory and policy knowledge, and the ability to influence stakeholders, deliver actionable risk insights and strengthen risk management frameworks across the Bank.

This role requires a seasoned professional with strong CIB client coverage experience, deep regulatory knowledge, and the ability to influence stakeholder decisions and drive robust client risk frameworks.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The successful candidate has a strong business acumen and understanding of “CFCC - Conduct, Financial Crime and Compliance Risk Analysis and Advisory”. The candidate is highly skilled individuals with Practioners level experience in CFCC risk assessment and monitoring, business risk advisory, regulatory and policy interpretation & compliance management, issue and event management and change risk management with exposure to product development, regulatory technology and innovation, data and analytics led risk management practices. This is a global role covering across the SCB footprint in Asia, Africa, Middle East, Europe, and Americas, covering multiple Businesses from Retail Bank, Private Bank, Affluent & Wealth Management, Transaction Banking including Trade & Cash, Banking and Financial Markets Business.
The responsibilities includes, working across Business, Products, Clusters and Countries Compliance and Specialist teams to perform:

Key Responsibilities

• Supporting the Chief Compliance Officer, UAE (“CCO UAE”) in managing all regulatory, conduct, financial crime and compliance risks relating to the CIB CC businesses in UAE.
• Supporting the Head, CFCR Advisory, CIB CC, AME in managing regulatory, conduct, financial crime and compliance risks relating to the CIB CC businesses in the Middle East in collaboration with the country CFCR teams.

My responsibility does not encompass the operation of information technology systems used to implement any policies and procedures, which is the responsibility of the Group Chief Information Officer.
All references below to CIB CC businesses shall be deemed to refer to those businesses in UAE and Middle East.
I am responsible:
• To help the Group meet its commitment of being "Here for Good" by building a sustainable framework that places CFCR best practice standards, at the forefront of the Group's agenda.
• As an independent second line risk control function, to 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 CIB CC businesses.
• For the evaluation and assessment of the effectiveness of the Group’s Compliance and Financial Crime Risk Frameworks.
• To proactively support and challenge the CIB CC businesses and supporting functions to exhibit appropriate conduct, comply with regulatory, conduct, financial crime and compliance requirements and strive to achieve fair outcome for the CIB CC clients.
• For maintaining independence, delivering timely responses, and timely escalation of risks and issues where the management tolerance of the firm is exceeded.
• For maintaining constructive and effective stakeholder relationships with the relevant business and supporting functions, and to assist the CCO UAE and Head CFCR Advisory, CIB CC, AME to interface with and support all key stakeholders.
• For supporting the management of regulatory relationships with all of the Group’s regulators, whose rules the Group is subject to.

Strategy

• Assist the CCO UAE and Head CFCR Advisory, CIB CC, AME to set and implement the vision, strategy and direction for CFCR Advisory CIB CC resources in UAE and Middle East, consistent with the Head
  GLOBAL STANDARD JOB DESCRIPTION TEMPLATE
  [All items in square brackets require tailoring for the individual job and / or person]
  INTERNAL
  of CFCR, MEP and Global Head, CFCR Advisory, CIB CC vision and strategy for the CFCR function, and in support of the Bank’s strategic direction and growth aspirations.
  • Support and promote the culture and practice of compliance with CFCR standards (including conducting business within regulatory requirements, and to high ethical standards) within the Bank and embed a Here for Good culture and the Group Code of Conduct.
  • Establish and maintain close links with CFCR colleagues leading other client segments and/or product groups to achieve common platforms and work plans, implementing a One Bank approach to covering all Clients.
  • Input to CIB CC business operating model design of relevant Compliance, FCC and business processes.

Business

• Develop a comprehensive understanding of the CIB CC business models and strategy in order to assist in providing 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, CFCR and other 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 conduct, financial crime and compliance related advice, analysis (and challenge when appropriate) in relation to CIB CC businesses, including product design, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), and transactional 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 CIB CC businesses (i.e. between AML regulations and data privacy/bank secrecy or information security regulations.)
  • Support the establishment and maintenance of risk-based compliance frameworks and the programme for monitoring and assuring compliance that supports the transition to pro-active and pre-emptive compliance and conduct risk mitigation, in relation to the CIB CC businesses.
  • Promote the culture and practice of global standards to the business, while managing local requirements.
• Processes
  Act under delegation from the respective Risk Framework Owners for the principal risk types of Compliance, Conduct and FCC in discharging the responsibilities contained in the ERMF relating to CIB CC businesses to the extent that CFCR Advisory, CIB CC is the appropriate second line risk owner.
  • The role holder is not responsible for CFCR first line processes unless specifically delegated by and/or agreed with the group process owner. This includes CFCR processes operated to manage risks in CIB CC businesses such as name screening or transaction monitoring.
  • The role holder is not responsible to ensure that CIB CC and CFCR process owners agree their respective handoffs, which ought to be documented in a service level agreement.
  • Support and maintain effective policies/processes/DOIs (including training, advice and support) to address conduct, financial crime and compliance risks across CIB CC businesses, aligning with relevant regulatory requirements.
  • Provide governance and oversight over the implementation of CFCR related policies and procedures relevant to CIB CC businesses (to enable compliance with such policies and procedures).
  • Provide support and challenge to CIB CC businesses to ensure that they establish and monitor appropriate processes for compliance with CFCR policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).

People & Talent• Help promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Support the stimulation of an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Collaborate with training teams to input to training curriculum to support closing of capability gaps.
• 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 lessons learned across the network between CFCR Advisory colleagues especially in relation to regulatory risks and compliance with relevant regulations and internal policies/standards as they pertain to CIB CC businesses.

Risk Management
• In accordance with the Group’s Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant CIB CC processes.
• Collaborate with the UAE and DIFC Country CFCR team and Cluster CFCR Advisory teams to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks.
• Assist in the management of CFCR Advisory, CIB CC matters, and in collaboration with the rest of the CFCR team, effectively manage regulatory issues that have a significant impact on the CIB CC businesses.
• Collaborate with relevant senior managers to support the programmes for conduct, financial crime and compliance monitoring, surveillance and/or assurance for CIB CC businesses.
• In the event of serious CIB CC related regulatory breaches, or where CFCR related risk tolerances have been breached, ensure senior management 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 regulatory, compliance and financial crime related risks, and proactive engagement in regulatory reform, in relation to CIB CC product and client related activities.
• Assist and work closely with the Group Shared Investigation Services team, as needed, in relation to investigations concerning CIB CC businesses.
• Liaise with the internal audit function to ensure that any CFCR Advisory CIB CC weakness identified by the internal audit function relating to CIB CC activities are appropriately followed up.
• Provide reports to relevant Country and Business risk and control committees and management group on key conduct, financial crime and compliance risks and issues pertaining to CIB CC businesses.
• Provide advice on the application of risk management frameworks (e.g. ERMF) and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies.Support in providing oversight of risk acceptance and/or mitigating action plans relating to CIB CC businesses.
• Provide reports to relevant risk and control committees and management group on key compliance risks and issues relating to CIB CC businesses.
• Ensure global standards are understood and implemented locally, with any identified exceptions, or need for more/less stringent standards escalated for relevant joint - decision making.

Governance
· Develop appropriate risk-based compliance framework for identifying, assessing, managing, monitoring, mitigating, and reporting CFCC risks.
· Develop or assist in developing and recommend appropriate Risk Assessment standards across CFCC risk types, meeting all Compliance requirements.
· Build in the identification and escalation of potential business CFCC related risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
· Support the management of end-to-end lifecycle of audit, assurance, and regulatory reviews, in relation to Professional Services, including tracking, remediation and preparing lessons learned from such reviews.

Project /Change Management
• Assist on key change programmes and projects for CFCR Advisory, CIB CC.
• Support the creation and execution of workplans specific to CFCR Advisory, CIB CC projects/ initiatives, and communicate the same to stakeholders in a regular, timely fashion to inform and seek inputs.
• Support the review of new business requirements and provide solutions for CIB CC where required.

Regulatory & Business Conduct
• Collaborate with other CFCR teams in UAE and Middle East in relaton to:
• the identification and inclusion of relevant CIB CC matters for discussion in the Government & Regulatory Relationship Plans (“GRRPs”);
• the management of regulatory inspections and identification of regulatory reform that directly relates to CIB CC businesses;
• the provision of briefings and guidance to CIB CC management on relevant regulatory matters;
• ensuring CIB CC businesses are properly prepared for routine regulatory exams, audits and supervisory inspections, as well as managing the response from the CIB CC businesses; and
• support relevant stakeholders to respond to regulatory questions.
• Display exemplary conduct and live by the Group’s Values and Code of Conduct.• Effectively and collaboratively identify, escalate, mitigate and resolve regulatory, conduct, financial crime and compliance matters related to CIB CC businesses.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.

Qualifications

9+ overall working experience, Banking or Financial Institution or Regulator or Fintech or equivalent industry

· 3+ years in atleast one of the below
3+ years of advanced practitioner level experience in Conduct or Compliance or Financial Crime Risk management, and/or
Conduct & Compliance Risks
· Data Risk
· Conflict of Interest
· Non-Financial Regulatory Reporting
· Regulatory Conduct
· Market Conduct
· Client Conduct
Financial Crime Risks
· Anti-Money Laundering
· Anti-Bribery & Corruption
· Sanctions
· Fraud (Internal and External)
· 3+ years of advanced practitioner level experience in Business or Product or Operations Risk Management with exposure to Conduct or Compliance or Financial Crime or Control Oversight in a front or first-line role, and/or
· 2+ years of advanced practitioner level experience in adjunct or interconnected risk operations disciplines (e.g., Financial Crime Risk Surveillance Operations, Compliance Surveillance Operations)

Key Stakeholders
• Chief Compliance Officer, UAE
• Head, CFCR Advisory, CIB CC, AME
• Chief Compliance Officers & MLROs in UAE & Middle East
• Head of CIB CC Businesses in UAE & Middle East
• Heads, FCC Centres of Excellence (eg. Sanctions, ABC, Controls)
• Other Risk and Control Functional Heads (Risk, Audit, etc)
• Relevant Regulators
Other Responsibilities
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards.
• Embed Here

Skills and Experience

• Business Acumen, Product and Operations
• Business Ethics
• CFCC Risk Management
• CFCC Risk Advisory
• Leadership (Influencing and Inspiring)
• Managing Change
• Data gathering, analytics and insights
• Enterprise and Operational Risk Management
• Collaboration and Stakeholder Management
• Regulatory Environment – Financial Services

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.