The Role Responsibilities
· A key Group Advisory role is based in Singapore providing Conduct, Financial Crime Compliance (CFCC) advice and support to our Digital Channels and Data Analytics (DCDA) vertical which is part of Corporate, Commercial and Institutional Banking (CCIB) Business. The role is at the heart of our continued transformation of the organisation to be Digital first and Data driven.
· An exciting opportunity that involves working alongside the business on in two fast moving areas (Digital and Data) that are key in the evolution of the financial services industry. It is a global role and the job holder will have first-hand insights to the future leading Digital and Data initiatives whilst providing effective oversight and challenge.
Strategy
· Support and implement the vision, strategy, direction and leadership for DCDA CFCC, consistent with Chief Compliance Officer, CFCC Advisory, DCDA’s vision and strategy for the Compliance 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 within the DCDA business.
· Proactively support and effectively challenge the delivery of the DCDA business strategy within the bank’s risk appetite and in compliance with the relevant risk type frameworks.
· Provide support to and coordinate with Regional and Country CFCC teams that support DCDA.
· Support and challenge the Business in management of non-financial risks, adhering to non-financial risk frameworks and embedding good risk culture and knowledge across the DCDA business.
Risk Management
· Ensure effective management of all CFCC matters and, in collaboration with the rest of the team, effectively manage the oversight and challenge of regulatory issues that have impact on the Bank.
· Assist the Global Head CFCC Advisory DCDA to collaborate with the other compliance colleagues to anticipate horizon risks that may have a significant impact on DCDA and 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, support the escalation to senior management in the Bank and relevant regulators.
· Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform.
· Support the Global Head CFCC Advisory DCDA to provide reports, as required to relevant Group and Business risk and control committees and management group on key compliance risks and issues.
· Support delivery of annual CFCC Risk Assessments, including the Compliance Risk Assessment (CRA), Product Risk Assessment (PRA), Global AML, ABC and Sanctions Risk Assessments.
People & Talent
· Demonstrate the appropriate culture and values consistent with expectations of Global Head CFCC Advisory DCDA. Set appropriate tone and expectations in collaboration with risk and control partners.
· Contribute to instilling an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
· Provide ongoing training and development to ensure that team members are competent, suitably skilled and qualified for their roles, ensuring that they have effective supervision in place to mitigate any risks.
· Assist CFCC, DCDA teams in regions and countries to understand the objectives/ deliverables in respect of DCDA initiatives; and actively engage business in their respective regions and countries.
· Provide constructive developmental feedback at business, function, country and individual level as appropriate.
· Drive engagement and performance of CFCC DCDA teams.
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.
· Support the Global Head, CFCC Advisory, DCDA to lead the function to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Financial Crime Prevention; Creating the Right Environment.
· Effectively and collaboratively identify, escalate, mitigate and resolve Conduct Risk matters.
Key Stakeholders
· 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.
Our Ideal Candidate
· 15+ years of experience in a regulated financial institution or equivalent such as fintech.
· Experience in compliance and / or risk management.
· Good knowledge and understanding of Data Conduct related risks.
· Good knowledge / interest in Distribution Ledger Technology, API, Artificial Intelligence, and their associated regulations and guidelines and industry payment practice.
· Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity.
· Ability to collaborate and work dynamically across country, region, business and group stakeholders.
· Sound judgement on business practices, regulatory relationship management and reputational risk.
· Personal authority with proven ability to establish relationships and provide strong direction at the most senior levels of the Group and with regulators and other external stakeholders.
· Strong problem solving / presentation / collaboration / agile mindset
· Emotional Intelligence, Empathy, Collaboration and Stakeholder Management
Role Specific Technical Competencies
· Compliance and Financial Crime Compliance regulatory landscape
· Effective Leadership
· Financial Services Business Ethics / Acumen
· Cross Functional Collaboration
· Emerging Technologies
· Operational Governance / Internal Controls / Risk Management
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
