JOB SUMMARY
- The Operational, Technology and Cyber Risk (OTCR) organisation is instrumental in protecting and ensuring the resilience of Standard Chartered Bank’s operations, data, and IT systems by optimising operational, technology and cyber risk across the enterprise. As a critical function reporting into the Group Chief Risk Officer (CRO), the Group OTCR team serves as the second line of defence for assuring that controls are implemented effectively, in accordance with the OTCR Framework, and for instilling a risk culture within the Bank.
- The Director, Reg Interpretation and Sox is a permanent, strategic role that requires strong business acumen and a detailed knowledge of OTCR Risk Frameworks (OR), and Operational Risk policies and standards. The successful candidate will have key skills in interpreting new and upcoming regulations, performing gap analysis, and implementing and tracking mitigation actions to close any gaps identified. The role holder will also be responsible to implement UK ACG reforms (referred to as UK SoX) withing the risk function.
- The role reports directly to the Head, OTCR, ICS Framework, Risk Appetite & Stress Testing and will work closely with key stakeholders in Operational, Technology and Cyber risks, Finance and other parties as relevant .
- This is a senior level role, and the individual will be required to engage with senior stakeholders across the business, technology, assurance, other risk functions and finance to implement the requirements of UK ACG.
Role Specific Responsibilities:
We are seeking an experienced and senior leader who will be responsible for the following areas:
- Single Point of Contact (SPOC) for interpretation of new regulations pertaining to Operational Risk
- Ensure that new regulations are effectively embedded in OTCR framework, policies and
- Stay abreast of global economic trends, regulatory changes and emerging risks to continuously improve OTCR risk management practice
- Single Point of Contact (SPOC) to drive the implementation of UK ACG regulations (UK SoX)
- Develop materials for regular updates to Head, OTCR, Risk MT, committees, on insights relating to new and upcoming regulations, UK SoX.
- Involved in a driving role or support (as required) on matters relating central projects e.g. Basel IV framework implementation
People and Talent:
- Leads through example by upholding high standards of excellence, ethics & code of conduct, governance and risk awareness, and stakeholder partnership & collaboration
- Collaborate with the wider OTCR team and share knowledge where relevant
Key Stakeholders include:
- OTCR LT
- OTCR SPOC
- ERM – Frameworks & Policy
Regulatory & Business Conduct:
- Displaying exemplary conduct and living by the Group's Values and Code of Conduct.
- Taking 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 identifying, escalating, mitigating and resolving risk, conduct and compliance matters.
- Demonstrating leadership ability to ensure that the team achieves the outcomes set out in the Bank's Conduct Risk framework.
- Providing ongoing reporting of risk exposure into governance meetings and to key stakeholders and escalating any blockages to progress to ensure Group MT, Risk & CFCC, and OTCR Scorecard objectives are met.
RESPONSIBILITIES
Strategy
- Single Point of Contact (SPOC) for interpretation of new regulations pertaining to Operational Risk
Processes
- Single Point of Contact (SPOC) to drive the implementation of UK ACG regulations (UK SoX)
People & Talent
- Leads through example by upholding high standards of excellence, ethics & code of conduct, governance and risk awareness, and stakeholder partnership & collaboration
Risk Management
- Single Point of Contact (SPOC) for interpretation of new regulations pertaining to Operational Risk
- Ensure that new regulations are effectively embedded in OTCR framework and policies
- Stay abreast of global economic trends, regulatory changes, and emerging risks to continuously improve OTCR risk management practice.
- Single Point of Contact (SPOC) to drive the implementation of UK ACG regulations (UK SoX)
- Develop materials for regular updates to Head, OTCR, Risk MT, committees, on insights relating to new and upcoming regulations, UK SoX.
- Involved in a driving role or support (as required) on matters relating central projects e.g. Basel IV framework implementation
Regulatory & Business Conduct
- Displaying exemplary conduct and living by the Group's Values and Code of Conduct.
- Taking 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 identifying, escalating, mitigating and resolving risk, conduct and compliance matters.
- Demonstrating leadership ability to ensure that the team achieves the outcomes set out in the Bank's Conduct Risk framework.
- Providing ongoing reporting of risk exposure into governance meetings and to key stakeholders and escalating any blockages to progress to ensure Group MT, Risk & CFCC, and OTCR Scorecard objectives are met.
Key Stakeholders
- OTCR LT
- OTCR SPOC
- ERM – Frameworks & Policy
- Group Finance
Our Ideal Candidate
- 8+ years experience in the financial services space in operational risk
- Experience in performing gap analysis and implementing mitigation actions to close identified gaps
- Degree level education or equivalent
- Industry related qualification in the role
Role Specific Technical Competencies
- Communicating Complex Concepts
- Risk Management
- Operational and Technology Risk Management
- Familiarity with reviewing and interpreting regulations
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
