The Role Responsibilities Strategy Support the Executive Director, Third Party Risk Management in fully embedding Third Party Risk as an integrated ri..
The Role Responsibilities Strategy Support the Executive Director, Third Party Risk Management in fully embedding Third Party Risk as an integrated risk type, fulfilling the requirements of second line oversight and challenge for all regulatory commitments. Work closely with the Principal Risk Type teams and SMEs to ensure delivery of the embedding of Third Party Risk management into the Group's relevant Risk Types. Work closely with the Principal Risk Type teams, SMEs and the Business to ensure the Group remains within Risk Appetite Business Support the Business in managing their Vendors through enhancement of a Vendor Risk scorecard which provides a forward looking view of risk, and incorporates internal and external data considerations Communicate confidently with senior stakeholders, taking a lead in working groups and other meetings. Strong understanding and ownership of the bank's third party risk stress testing and scenario analysis approach, and wider stress testing and scenario analysis capabilities and existing processes Processes As part of the risk deep dives and analysis, evaluate relevant existing controls and recommend new control requirements, where applicable. Recommend enhancements to the policies and standards, where applicable, as a result of key gaps and issues identified. People & Talent Lead through example and build the appropriate culture and values. Work in collaboration with risk and control partners. Uphold and reinforce the independence of the Risk function. Risk Management Recommend actions to be taken as a result of the outcomes from the Vendor scorecard Set holistic objective triggers for exit management, which consider outcomes from across the PRTs Review and challenge of overall risk control environment for Third Party Risk Work closely with RFOs to fully embed and ensure stronger linkage between Third Party Risk and Resilience, ICS, Reputational & Sustainability risk and Climate Risk Support the Group's requirements on internal management scenarios and stress testing and scenario analysis Review and challenge Third Party risk assessments for PRA notifications Act quickly and decisively when any risk and control weaknesses become apparent, and ensure they are addressed within an appropriate timeframe and escalated through the relevant committees Governance Contribute to overall governance mechanisms (including committee oversight and individual approval authorities) for Third Party Risk Management. Provide support across Third Party Risk Management, ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements. Embed the Group's values and code of conduct in Third Party Risk. Ensure that material risk exposures and related issues are reported to the responsible risk governance committees. Support the Policy Owner in affirming the effectiveness of Third Party Risk Management to the Group CRO through evidence based self-assessments 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 Country CROs Regional/Country Heads of OR Global Head of Supply Chain Management Business Process Owners Head Effectiveness review & Country Governance, ERM Policy Owners and Standard Owners for Principal Risk types Group Internal Audit Other Responsibilities Embed Here for good and Group's brand and values in Third Party Risk Management; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats); Our Ideal Candidate Bachelor degree from an accredited university in a relevant field Risk professional with 12+ years of experience preferably from Nonfinancial risk Experience in Third Party Risk Management Role Specific Technical Competencies Data analysis and Reporting Ownership and accountability for deliverables / action oriented Non-financial risk management Third Party Risk Management Understanding of Third Party Risk PRA Regulatory Framework Analytical thinking and problem solving skills About Standard Chartered We're an international bank, nimble enough to act, big enough for impact. For more than 160 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 Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term 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, parental/maternity (20 weeks), sabbatical (12 weeks 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
