Job Summary
- Develop and maintain effective policies/processes/DOIs (including training, advice and support) (including training, advice and support) to address CFCC risks across all FM Macro and in particular Automated Trading businesses, aligning with relevant regulatory requirements.
- Provide governance and oversight over the implementation of CFCC related policies and procedures relevant to all FM Macro and in particular Automated Trading businesses (to support compliance with such policies and procedures).
Key Responsibilities
Strategy
- Promote the culture and practice of compliance with Compliance and FCC 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 close links with colleagues covering other FM CFCC product advisory roles
Business
- Develop a comprehensive understanding of the business model and strategy in order to provide substantive oversight support and challenge in order to enable appropriate and sustainable CFCC outcomes.
- 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 conduct, financial crime & compliance-related advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
- Provide advice, analysis (and challenge when appropriate) in relation to all FM Macro and in particular Automated Trading businesses new business initiatives and bespoke transactional or counterparty CFCC 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 CFCC risk mitigation.
- Support the resolution of competing requirements between regulations specific to the FM Digital Asset business initiatives.
Processes
- Develop and maintain effective policies/processes/DOIs (including training, advice and support) (including training, advice and support) to address CFCC risks across all FM Macro and in particular Automated Trading businesses, aligning with relevant regulatory requirements.
- Provide governance and oversight over the implementation of CFCC related policies and procedures relevant to all FM Macro and in particular Automated Trading businesses (to support compliance with such policies and procedures).
People & Talent
- Lead through example and build the appropriate culture and values. Set appropriate tone and work in collaboration with risk and control partners.
- Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
- Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
- Drive the migration of skill, knowledge, best practice and lesson learned across the network between CFCC Advisory colleagues especially in relation to legal/regulatory risks and compliance with relevant regulations and internal policies/standards as they pertain to all FM Macro and in particular Automated Trading businesses.
Risk Management
- Collaborate with the other Product CFCC teams, CFCC Advisory Management Team and / or the CFCC Management Team 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.
- Collaborate with relevant senior managers to support a programme for conduct, financial crime, surveillance and/or assurance for all FM Macro and in particular Automated Trading businesses.
- Liaise with the internal audit function to ensure that any CFCC weakness identified by the internal audit function relating to FM Macro and in particular the Automated Trading business activities are appropriately followed up where they are relevant to CFCC.
- Maintain adequate management MI / trackers across all aspects of their coverage and responsibility to ensure all issues and matters relating to FM Macro and in particular Automated Trading businesses are tracked, followed, regularly assessed and reported on, including oversight of risk acceptance and/or mitigating action plans, identification and management of high risk clients or specific country reviews relating to FM Automated Trading businesses.
- Provide advice on the application of CFCC risk management frameworks (e.g. ERMF) and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies
- Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
- Provide intelligence inputs to support calibration of the Bank’s Risk Methodologies (including aggregate product risk).
- Provide reports to relevant Group and Business risk and control committees and management group on key compliance risks and issues
- Understand the purpose systems relevant to FM Macro and in particular Automated Trading businesses.
Governance
- Represent CFCC on the Automated Trading Governance Forum and act as formal delegate for the Head, CFCC Advisory, FM Macro and UK & Europe for approvals relating to Financial Markets, Automated Trading businesses.
- Attend relevant leadership meetings and provide relevant reports to management and governance/risk committees.
- Ensure appropriate governance measures are in place so that FM Automated Trading business approval documents reflect all relevant regulatory and internal requirements.
- Propose control effectiveness and efficiency improvements and simplifications where appropriate.
- Within the Group's Enterprise Risk Management Framework, establish appropriate risk based CFCC framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance and financial crime risks across all FM Macro and in particular Automated Trading businesses.
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 FM Automated Trading business to achieve the outcomes set out in the Bank’s Conduct Principles. Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
- FM Macro E-Trading & Platform Strategy and ATQ teams
- FM COO teams
- Global Head, FM Electronic Trading & Platforms
- TRM Head, Market Risk & TRM Head, E&A
- FM Legal
- Group Risk
- Group Operational Risk
- Group Operations
- Group Technology
- Regional and Country CFCC
- Prudential Regulation Authority, Financial Conduct Authority and other key regulators of the Group
Other Responsibilities
- Embed Here for good and Group’s brand and values in FM CFCC Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures; Multiple functions (double hats);
Our Ideal Candidate
- Bachelor’s Degree required
- 10+ years of prior Compliance and/or Regulatory / Risk Framework experience in Financial Markets
- Prior working experience in FM Macro compliance particularly Automated Trading businesses
- The ability to build strong relationships of trust with relevant stakeholders
- The candidate must have strong verbal and written communication and presentation skills, including ability to articulate compliance issues
- Subject Matter expert in risks and regulatory focus related to Automated trading, including FCA, PRA, ESMA and HKMA
- Experience in presenting on Automated Trading business to key regulators
- Broad experience of all Macro product from CFCC perspective
- Experience of supporting Macro products in EM markets
Role Specific Technical Competencies
- Managing Change
- Ability to Challenge
- Automated Trading Regulatory Knowledge
- Subject Matter expert on RTS6 requirements
- Knowledge for Macro products compliance
- Regulatory knowledge for both G10 markets and EM markets
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
