Job Summary
Purpose
- The role-holder will act as the governance and risk reporting lead across Corporate & Institutional Banking (CIB), and support CIB’s key governance forum for non-financial risk to ensure that the committee is furnished with effective and timely risk insights, the non-financial risk profile and associated remedial actions. The role will also involve working closely with other governance leads within constituent CIB businesses to ensure that risk governance and reporting remain effective across subordinate risk committees with common principles adopted across all.
- The role-holder will develop and lead on risk initiatives across CIB to ensure that the business adopts a proactive risk management philosophy for self-identification of risk issues, risk management and delivers effective outcomes from risk and control self-assessments. The role will also involve leading initiatives around analytics, automation and how the business enhances its first line management processes through automation and improved assurance processes.
- The role-holder will demonstrate strong Subject Matter Expertise (SME) across the broad spectrum of non-financial risks thereby contributing to the formation of risk insights and remedial actions to improve the non-financial risk profile.
Strategy
- Provide CIB wide governance and risk reporting coverage across the broad spectrum of non-financial risks.
- Develop and lead risk initiatives around automation, improved first line assurance and analytics to support effective and timely risk identification.
- Act as a champion and central point of contact for CIB for the first line on Operational Risk initiatives, Risk and Control-Self Assessments and the implementation of Standard and policy changes.
- Collaborate with Risk Framework Owners (RFOs) to translate high-level policies into actionable, risk-based business journey control standards across the CIB businesses, demonstrating the ability to bridge the gap between policy and practical implementation.
- Build a shared understanding of risk-based priorities across the CIB businesses, collaborating closely with both 1 Line of Defence (LoD) and 2LoD stakeholders to drive a unified approach.
Business
- Partner with the business to become a trusted advisor and team player focused on delivering the right risk management outcomes for CIB.
- Co-ordinate, drive and deliver business wide review initiatives and project-based activity focused on specific non-financial risks across the business areas within the overall CIB business.
- Work collaboratively with Second Line functions and Standard Owners to provide on-going feedback on the refinement of these and help manage the effective implementation of these across CIB.
Key Responsibilities
Processes
- Lead, drive, co-ordinate as appropriate 1LoD/2LoD working groups to drive effective, practical and timely embedding of policy requirements, RCSAs and other risk initiatives demonstrating strong cross-team collaborative skills.
- Collaborate with key stakeholders to ensure a risk-based approach in the execution of control monitoring and risk management activities, and help manage CIB wide projects on Process Universe design, Risk and Control Simplification.
- Embrace an agile risk management approach to promote both a pro-active approach to risk management and a culture of continuous improvement.
- Enhance the feedback loop between the different lines of defence and external parties to ensure that weaknesses or gaps identified through review activity driving read across activity as appropriate.
People & Talent
- Cultivate and develop talent within the team to support individual and team objectives.
Risk Management
- Drive risk initiatives across CIB to ensure that strong risk governance, first line risk management and a proactive risk management and identification philosophy takes hold across the business.
- Drive and contribute to innovation and strategy for first-line risk management through the use of data analytics, automation and other tools for portfolio level risk analysis, Risk and Control Self Assessments and assurance.
- Support the effective management and oversight of non-financial risk management through owning and collaborating on risk initiatives across CIB, aligned to top and emerging risks.
- Continue the refinement of automated and analytical risk reporting across CIB.
- Lead on pan-CIB training initiatives to improve standards, raise awareness and improve outcomes for non-financial risk identification and remediation.
Governance
- Drive and oversee effective risk governance and reporting for CIB across its key non-financial risk governance committees.
- Work collaboratively with governance leads across CIB to ensure that governance and risk committee reporting follow best practices and are effective at provide the requisite levels of risk insights, narratives and mitigating actions to address top and emerging risks.
- Produce and provide regular, clear, risk focused updates for senior management and the CIB Non-Financial Risk Committee, demonstrating insights and delivery against the residual risk profile.
- Report and escalate on a timely and transparent basis to business management and appropriate governance forums on items including emerging risks, key control deficiencies, review outcomes, and material incidents as applicable and support the implementation of agreed actions.
- Responsibility for promoting and maintaining a strong and effective first line of defence risk culture across the CIB businesses.
Skills and Experience
Regulatory & Business Conduct
• Support internal 2LoD Assurance Teams and 3LoD GIA and external parties including regulatory authorities on engagements as required.
• 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
• CIBMT
• CIB, COO MT
• CIB, Business Control & Governance Leads
• CIB, CROs
• CIB, Head of CFCC
• CIB, Head of GIA
• External regulatory authorities
Our Ideal Candidate
• 12+ years of financial services experience in governance and risk reporting
• Bachelors Degree in Finance or any equivalent
• Strong relationship building and management and ability to engage stakeholders at different levels of seniority
• Strong influencing and communication skills - oral, written & presentation
• Demonstrates understanding of and commitment to the Group's core values
• Membership: Professional/Industry Body - Desirable
• Certifications: Professional/Industry Qualifications - Desirable
Role Specific Technical Competencies
- Business Markets
- Data Gathering & Analysis
- Effective Communication
- Operational Risk
- Achieve Results
- Spot Opportunities
- Solve Problems
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
