Associate Director, Cfcc, Libor Compliance

Singapore, Singapore

Job Description

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.

This would be a 12 months Contract role

The Role Responsibilities

The IBOR Transition role will be responsible to drive the Regulatory and Compliance requirements of the LIBOR Transition agenda in conjunction with senior stakeholders mainly across the Global Program, CFCC and where required specific Business, Functions and geographies.

In this role, the successful candidate will be exposed to a highly dynamic area of Standard Chartered and can directly contribute to the delivery of the IBOR Programme.

The role-holder will be required to assist in CFCC IBOR Working group as follow:
  • Drive LIBOR transition agenda with senior stakeholders within CFCC.
  • Work with CFCC stakeholders to provide views and advisory on regulatory and compliance matters.
  • Work with CFCC stakeholders to support detailed plans to address CFCC responsibilities with respect to IBOR transition
  • Assist in driving the deliverables to be performed by CFCC
Business
  • Build and maintain an effective and constructive relationship with all key CCFC business and functional partners that is based on trust, capability and integrity to enable effective execution of CFCC deliverables to enable the IBOR Transition Program to meet and achieve its strategic tactical objectives.
  • Provide support and feedback to key CFCC partners on advisory matters.
Processes
  • Assist in the establishment of robust and sustainable processes within CFCC (if needed), to contribute to the Bank's overall objectives on IBOR transition.
  • Ensure consistency across processes and frameworks, implemented as required by the CFCC function in respect of the IBOR transition program.
People and Talent
  • Regularly and on a timely basis review performance of CFCC Working Group members to assist CFCC Management in assessing overall contribution and commitment as part of the P3 process.
  • Ensure regular and documented meetings with CFCC partners.
  • Assess competency and skill of the team on an ongoing basis to ensure overall success of the CFCC deliverables.
Risk Management
  • Ensure effective tracking of CFCC requirements as they impact policies and standards to ensure that Principal Risks that have a significant impact on the Bank are managed as required by the ERMF.
  • Collaborate with CFCC partners to anticipate horizon risks that may have a significant impact on the Bank and assist in developing effective strategies to mitigate such horizon risks including global standards for conduct of business.
  • Provide reports to relevant CFCC risk and control committees and management group on key compliance risks and issues relating to the delivery of the program.
  • Maintain adequate management MI / trackers across all aspects of the CFCC IBOR program.
Governance
  • Assist the CFCC LIBOR Transition Lead to manage governance and coordination activities such as participating in governance committees and aggregating logistics and support for the function as required.
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.
  • Lead 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
  • IBOR Program Director
  • Head, COO Business Services & Control
  • CFCC Advisory
Other Responsibilities
  • Perform other responsibilities assigned by the CFCC LIBOR Transition Lead.
Our Ideal Candidate
  • 5 years experience in banking or financial sector, with knowledge of capital and financial markets preferred.
  • Experience in Project Management, including working groups organisations (agenda, minutes), tracking timelines and follow-ups and other organisation requirements.
  • Knowledge of financial regulations and/or compliance preferred.
Role Specific Technical Competencies
  • Project Management
  • Understanding and knowledge of banking and financial services business
  • Background in compliance and regulatory matters
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Job Detail

  • Job Id
    JD1194725
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    Not mentioned
  • Employment Status
    Permanent
  • Job Location
    Singapore, Singapore
  • Education
    Not mentioned