Job Description

Job : Compliance
Primary Location : Asia-Singapore-Singapore
Schedule : Full-time
Employee Status : Permanent
Posting Date : 16/Feb/2023, 10:45:58 PM
Unposting Date : Ongoing


Role Responsibilities

• Help the Group meet its commitment of being \xe2\x80\x9cHere for Good\xe2\x80\x9d by building a sustainable compliance framework that places regulatory and compliance best practice standards, and a culture of appropriate conduct at the forefront of the Group\xe2\x80\x99s agenda.
• As an independent second line risk control function, execute the relevant aspects of the Compliance framework through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the Group\xe2\x80\x99s business.
• Proactively support and challenge the Group\xe2\x80\x99s businesses and functions to exhibit appropriate conduct, comply with regulatory and compliance requirements and strive to achieve fair outcomes for the Group\xe2\x80\x99s clients.
• Support the management of the regulatory relationships with each of the regulators, whose rules the Group is subject to.
• Maintain independence, deliver timely responses, and timely escalation of risks and issues where they feel risk management tolerance of the firm are exceeded.

Strategy

• Support and implement the vision, strategy, and direction for Global Functions Compliance In accordance with strategic plan.
• 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.

Functions \xe2\x80\x93 Global Functions Compliance supporting Risk and CFCC

• Build and maintain an effective and constructive relationship with key functional and Compliance 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.
• Where applicable support the Functions on Change Management including co-ordinating compliance approvals and support on regulatory notifications.
• Provide robust challenge to relevant function 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 functions to provide timely regulatory compliance advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive compliance and conduct risk mitigation.

Processes

• Maintain effective processes (including training, advice and support) to ensure that policies, procedures and standards to address compliance risks (excluding financial crime) are effectively implemented and adhered to across Group Functions.
• Provide support and challenge to the Bank\xe2\x80\x99s senior management to ensure that they establish and monitor appropriate processes for compliance with compliance policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).

Risk Management

• Act as Risk Owner under the Group\xe2\x80\x99s Risk Management Framework for Global Function processes where Compliance is the second line Risk Owner.
• Ensure effective management of compliance matters, and in collaboration with the rest of the Compliance team, effectively manage regulatory issues that have a significant impact on the Bank.
• Support the provision of information and reports to relevant Functional risk and control committees and management group on key compliance risks and issues.
• Maintain adequate management MI / trackers across all aspects of their coverage and responsibility to ensure all issues and matters are tracked, followed, regularly assessed and reported on.

Governance

• Within the Group\'s overall Risk Management Framework, establish and maintain appropriate risk-based compliance frameworks for identifying, assessing, managing, monitoring, mitigating and reporting compliance risks across Group Functions.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group\xe2\x80\x99s 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

• Colleagues in Global Functions Compliance
• Risk and CFCC COO partners
• All CFCC teams
• Operational Risk
• Internal Audit

Our Ideal Candidate

• Degree or equivalent
• 5+ years of Compliance experience
• Understanding of UK and European regulation and the PRA/FCA regulatory framework.
• Preferred an understanding of the Group\xe2\x80\x99s organisational structure and internal policies and frameworks.
• Proven ability for providing independent, researched risk management advice.
• Creative mindset \xe2\x80\x93 ability to demonstrate effective and proactive risk management, including creation of MI and dashboards from existing datasets.
• Excellent and proven oral and written communication skills.
• Networker. Comfortable dealing with businesses across different countries and cultures. Tactful and discreet, confidentiality a must.
• Excellent organisation skills, with ability to multi-task. Prioritises activities/projects according to business need \xe2\x80\x93 puts in effort to ensure activities completed on schedule and to high quality required.
• Enjoys working in a fast paced, sometimes demanding environment.
• Pays attention to detail.
• Proactive and creative approach to work, self-motivated.
• Takes responsibility and accountability for own tasks.

Role Specific Technical Competencies

• Compliance Policies and Standards
• Compliance Advisory
• Compliance Review and FCC Assurance
• Surveillance (including Screening and Monitoring)
• Compliance Risk Assessment
• Regulatory Liaison
• Manage Change
• Manage Projects
• Knowledgeable of the Bank\xe2\x80\x99s Compliance/ FCC / Operational Risk Management Framework
• Proven experience in participating ( preferably independently leading a section) in risk reviews \xe2\x80\x93 e.g. RCSA, Conflicts of interest, Conduct, CFCC Assurance, Regulatory etc +
• Proven skills in preparing papers for risk management forums and committees with analysis of underlying issues, with minimal supervision

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