JOB SUMMARY
- The CFCC Control Room owns the Group Transactional Conflicts and Information Walls Standard (TCIW), Group Personal Account Dealing Standard (PAD), Group Outside Business Activities Standard (OBA), Group Close Financial Relationships Standard (CFR) and External Employee Connections Standard (EEC) which set out procedures for transactional conflicts clearance and employee declarations required to help the Group manage any actual, potential or perceived areas of conflicts of interest that may arise in the course of providing financial services to its Clients.
RESPONSIBILITIES
- Responsible for assisting the Head of Control Room, Asia, to oversee CFCC Control Room matters affecting the region (ASA and GCNA)
- Managing and acting as the first point of escalation for a team of CFCC Control Room analysts located in Singapore and Kuala Lumpur (“Asia Control Room”).
- Playing a leading role in coordinating with CFCC Control Room colleagues globally located in London and working closely with other CFCC colleagues globally including the Private Side advisory teams. Ensure that Asia regulatory and business requirements are reflected in global procedures, policies, processes and that the appropriate standards are adopted.
- Participating as an active member of the Control Room Leadership Team and helping with the overall management of the CFCC Control Room team globally.
Primary areas of responsibility include managing and performing the following core functions owned by the CFCC Control Room:
- Clearing and managing transactional conflicts of interest and acting as the first point of escalation for the Asia Control Room
- Maintaining of the Group’s Watch and Restricted Lists
- Tracking transaction flows and timetables, pipelines and inside information held by various businesses and functions within the Group
- Managing the Group’s Information Walls, including executing wall crossings where appropriate
- Performing of preclearance review for research publications to ensure compliance with legal and regulatory obligations
- Maintaining of research disclosures
- Ensuring control sample testing is developed, maintained and completed in a timely manner within the Operational Risk Framework
- Providing training to CR analysts in line with the team’s DOIs, ensuring that each analyst receives the required training and is adequately equipped to ensuring that the DOIs capture the workflow of the teams accurately and in sufficient detail
- Reviewing escalations of preclearance requests of staff relating to clearing Outside Business Activities, Personal Account Dealing, Close Financial Relationships and Employee External Connections
- Reviewing and advising on escalations relating to potential breaches of the Standards owned by the CFCC Control Room.
Strategy
- Support and implement the vision, strategy, direction and leadership for CFCC for Global Credit Markets and other businesses, consistent with the vision and strategy for the CFCC function and in support of the Bank’s strategic direction and growth aspirations.
- Promote the culture and practice of compliance with compliance 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
Business
- 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 regulatory compliance advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
- Provide robust challenge to all relevant business stakeholders where activities are outside of the 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 to provide timely compliance advice to ensure compliance with all relevant laws and regulations and policies and standards, support the transition to proactive and preemptive compliance and conduct risk mitigation.
Processes
- Establish and maintain effective processes (including training, advice and support) to ensure that policies, procedures and standards to address compliance risks (excluding financial crime) are effectively implemented and adhered to across Global Credit Markets and other businesses.
- Provide support and challenge to the Bank’s senior management to ensure that they establish and monitor appropriate processes for compliance with compliance policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).
People & Talent
- Good presentation skills, data analysis, analytical skills and data reporting.
- Good communication skills (written and verbal) and interpersonal skills with an ability to interact with all levels of management and staff.
- Ability to prioritize, multitask, work under pressure and handle confidential and sensitive information in a professional manner in a fast paced deadline driven environment
- Drive performance in compliance service delivery with highest quality of service.
- Assist Process Owner to establish, govern & maintain work processes to drive service performance
Risk Management
- Ensure effective management of compliance matters, and in collaboration with the rest of the CFCC team, effectively manage regulatory issues that have a significant impact on the Bank.
- Collaborate with the other Products CFCC teams and the Compliance Management Group 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.
- In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management in the Bank 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 proactive engagement in regulatory reform.
- Assist and work closely with Shared Investigative Services (SIS) and Surveillance and Monitoring teams in relation to investigations and breaches concerning the relevant businesses.
- Ensure global standards are understood and implemented, with any identified exceptions, or need for more/less stringent standards escalated to senior CFCC Compliance Management for joint decisionmaking.
- 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.
Governance
- 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 (including regulatory and financial crime) risks across the relevant businesses.
- Help to Develop and assist in recommendation (for approval by the relevant Risk Committee), appropriate compliance policies and procedures.
- Ensure appropriate product governance measures are in place so that product approval documents reflect all relevant regulatory requirements.
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
- Global Credit Markets business teams including Financing Solutions, Financing Risk, Leveraged and Acquisition Finance (LAF) and Capital Markets
- Mergers & Acquisitions business team
- Legal teams for the above businesses
- CIB Client Coverage
- Credit and Portfolio Management
- Group Corporate Development and Strategy
- SC Ventures
- Group Internal Audit
Other Responsibilities
- Embed Here for good and Group’s brand and values in Global Credit Markets and other business teams.
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
- 7+ years of work experience in the financial industry, preferably in compliance or other risk and control functions or in transaction related roles in the Control Room
- Banking knowledge in terms of customers, products, transactions and operations
- Excellent communication skill both articulation and writing
- Good attention to detail and ability to prioritize, multitask, work under pressure and handle confidential and sensitive information in a professional manner in a fast paced deadline driven environment
- Data & analysis skills: able to manage data exceptions and analyse trends and out of pattern activities, working knowledge of the Internet and MS Office Suite & independently assimilate, analyse, and evaluate information from disperse data sources to determine a course of action (e.g. case closure or escalation), and record and communicate this decision clearly and concisely.
Role Specific Technical Competencies
- Manage Risk
- Manage People
- Compliance Policies and Standards
- Compliance Advisory
- Investigations
- Manage Change
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
