Job Summary
The Director, FI Advisory and Governance will be a key member of the Financial Institution (“FI”) Risk Advisory & Governance Team and will work closely with the Global Head of FI Risk Advisory & Governance, and the FI Coverage team. The Staff will be involved in support the Business in the development and implementation of Correspondent Banking, Fintech/NPM, Digital Assets Strategy, including its governance, as well as longer term related FI strategic initiatives.
Strategy
· Lead the delivery of various strategic FI initiatives and acting as point of contact for FI in CIB and bank-wide initiatives.
· Support the Business in the development and implementation of Correspondent Banking, Fintech/NPM, Digital Assets Strategy in support of adherence to the SCB Policy and Regulatory landscape.
· Drive improvement and efficiency in various processes impacting the FI business as well as providing business insight into Standards and Policies impacting the Business.
Business
· Act as a key individual in driving / protecting / monitoring of FI business including MI and risk events to drive a clear understanding and oversight of the risks of the business and bank’s policy and procedure with a strong focus on Risk: Financial Crime (AML /CTF, Sanctions), Credit and Regulatory Compliance.
· Work closely with key stakeholders to understand segment priorities and track deliverables.
· Act as the bridge between Compliance, business & operational functions and Transaction Banking (TB) product team on matters pertaining to Risks in Correspondent Banking, Fintech and Digital Assets.
· Understanding the risk and compliance requirements, comply with applicable laws and regulations, the Groups policies, procedures, strategy and the Group Code of Conduct. Effectively identify, escalate, mitigate and resolve risk and compliance matters within the FI Business.
· Engage in FI Advisory work and Group led initiatives and projects.
· Support and act as the SPOC for Audits and Assurance reviews of the FI Business
Key Responsibilities
Processes
· Ensure Committee standards adhere to the Committee Governance Standard (CGS) as stated in the Enterprise Risk Management Framework (ERMF).
· Lead the regular review of existing processes to identify challenges and opportunities for improvement.
· Review the Correspondent Banking and Fintech/NPM, Digital Assets Control Environment Assessment periodically/as required.
People & Talent
· Ensure that key risk issues and concerns are escalated to Group/governance committees and centrally through the FI matrix, as appropriate.
· Responsible for risk and issue resolution across initiatives.
· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Risk Management
· Ensure that key risk issues and concerns are escalated to Group/governance committees and centrally through the FI matrix, as appropriate.
· Responsible for risk and issue resolution across initiatives.
· Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Governance
· Support internal audits and regulatory exams to address, remediate and mitigate high risk clients, high risk issues impacting at the portfolio level.
· Support the facilitation and fulfilment of requirements as a result of external and internal exams.
· Develop, track and follow-up on issues, action plans and escalation reports stemming from AML-related governance to ensure timely response and action.
· Monitoring operational effectiveness and provide overall oversight of financial crime risk related responsibilities for the FI business.
Skills and Experience
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.
Key stakeholders
· Global Co-Heads, FI
· Global Head of FI Client Advisory (and team)
· Global Head of Correspondent Banking
· Client Coverage RMs
· CIB, COO
· DA CoE
· CFCC Advisory, CIB Client Coverage (and team)
· Country CFCC teams
· Group and Country Secretariat teams
Our Ideal Candidate
· Bachelor’s degree required with advance education preferred.
· 7+ years of experience with Financial Institution (FI) Correspondent banking clients such as Banks, Brokers, Investors, Insurance, Public Sector, etc.
· Relevant Governance, Business Management, Project/Change Management skills essential.
· Experience in Transaction Banking Product Management, Wholesale Banking Operations and Transaction Banking Sales or Corporate Banking.
· Strong knowledge of Transaction Banking products.
· Experience of and working with Operational and/or Compliance Risk and the wider risk management frameworks.
· Working knowledge of AML and Sanctions regulation and expectations.
Role Specific Technical Competencies
- Banking, Product, & Systems Knowledge
- Risk Management
- Planning: Tactical, Strategic
- Business - Market Knowledge
- Business - Products and Processes
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
