Job Description

Job: Compliance
Primary Location: Asia-Singapore-Singapore
Schedule: Full-time
Employee Status: Permanent
Posting Date: 21/Aug/2022, 9:52:20 PM
Unposting Date: 21/Sep/2022, 5:59:00 PM

Role Responsibilities
I am responsible, in my capacity as CFCC Advisory, Sales, Structuring and Treasury Markets for supporting the Global Head, Sales, Structuring and TM,CFCC Advisory in managing and leading the FM CFCC work to support the FM Sales, Structuring and Treasury Markets businesses. This should be aligned to the vision and strategy of the CFCC function, the Enterprise Risk Management Framework (ERMF), and delegation of authority documents where relevant. I will assist the Global Head, Sales, Structuring and TM,CFCC Advisory in the implementation and development of Compliance, Conduct and FCC policies and procedures for processes to the extent the processes have been identified as owned by the CFCC function for Financial Markets Sales, Structuring and Treasury Markets businesses and projects in line with the Group’s process universe as set out in the Group Operational Risk Framework. Insofar as they relate to FM Sales, Structuring and Treasury Markets compliance, conduct and financial crime risks, I am responsible for supporting the Global Head, Sales, Structuring and TM,CFCC Advisory to provide details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Board from time to time) may occur and notifying any such breaches to (as appropriate)

• the Global Head, Sales, Structuring and TM,CFCC Advisory
• the Global Head, CFCC Advisory, FM and TM
• the relevant Heads of Business

I will be responsible for building a sustainable framework for the Sales, Structuring and Treasury Markets businesses that places Compliance, Conduct and FCC at the centre of the strategy and that meets the regulatory requirements.

My responsibility does not encompass the operation of information technology systems used to implement any policies and procedures, which is the responsibility of the Group Chief Information Officer, and does not encompass fraud (but includes Rogue Trading), prudential, market, credit risk, outsourcing or cyber related matters or any other Compliance Risk Sub-Type where the Functional Owner is not CFCC. I am responsible

• To help the Group meet its commitment of being "Here for good" by building a sustainable framework that places Compliance, Conduct and FCC best practice standards, at the forefront of the Group's agenda.
• As an independent second line risk control function, to execute the relevant aspects of the Compliance, Conduct and FCC PRTFs 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's FM Sales, Structuring and Treasury Markets businesses.
• For the evaluation and assessment of the effectiveness of the Group's Conduct, Financial Crime and Compliance commitments and requirements.
• To proactively support and challenge the Group's businesses and supporting functions to exhibit appropriate conduct, comply with regulatory and compliance requirements and strive to achieve fair outcome for the Group's clients.
• For maintaining independence, deliveing timely responses, and timely escalation of risks and issues where the management tolerance of the firm is exceeded.
• For maintaining constructive and effective stakeholder relationships with the relevant business and supporting functions, and to assist the Global Head, Sales, Structuring and TM,CFCC Advisory to interface with and support all key stakeholders.
• For supporting the management of regulatory relationships with all of the Group’s regulators, whose rules the Group is subject to.

Strategy

• Promote the culture and practice of compliance with Compliance and FCC 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.
• Establish close links with colleagues leading other Client segments and / or Product Groups to achieve common platforms and work plans, implementing a One Bank approach to covering all Clients.
• Input to Group / Region / Country / Client Business operating model design of relevant Compliance, FCC and business processes.

Business

• Develop a comprehensive understanding of the business model and strategy in order to provide substantive oversight support and challenge in order to enable appropriate and sustainable CFCC outcomes.
• Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality conduct, financial crime and compliance-related advice and guidance to enable the business and functions to meet / achieve their strategic tactical objectives.
• Provide advice, analysis (and challenge when appropriate) in relation to the Sales, Structuring and Treasury Markets new business initiatives and bespoke transactional or counterparty CFCC advice.
• Provide robust challenge to senior management and all relevant business 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 business and its operational teams to provide timely advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive CFCC risk mitigation.
• Support the resolution of competing requirements between regulations specific to the Sales, Structuring and Treasury Markets businesses

Processes

• Develop and maintain effective policies / processes / DOIs (including training, advice and support) (including training, advice and support) to address CFCC risks across Sales, Structuring and Treasury Markets, aligning with relevant regulatory requirements.
• Provide governance and oversight over the implementation of CFCC related policies and procedures relevant to FM Sales, Structuring and Treasury Markets (to support compliance with such policies and procedures).

People and Talent

• Lead through example and build the appropriate culture and values. Set appropriate tone and work in collaboration with risk and control partners.
• Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Drive the migration of skill, knowledge, best practice and lesson learned across the network between CFCC Advisory colleagues especially in relation to legal / regulatory risks and compliance with relevant regulations and internal policies / standards as they pertain to FM Sales, Structuring and Treasury Markets.

Risk Management

• Collaborate with the other Product CFCC teams, CFCC Advisory Management Team and / or the CFCC Management Team to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct of business.
• Collaborate with relevant senior managers to support a programme for conduct, financial crime, surveillance and / or assurance for FM Sales, Structuring and Treasury Markets.
• Liaise with the internal audit function to ensure that any CFCC weakness identified by the internal audit function relating to FM Sales, Structuring and Treasury Markets activities are appropriately followed up where they are relevant to CFCC.
• Maintain adequate management MI / trackers across all aspects of their coverage and responsibility to ensure all issues and matters relating to FM Sales, Structuring and Treasury Markets are tracked, followed, regularly assessed and reported on, including oversight of risk acceptance and / or mitigating action plans, identification and management of high risk clients or specific country reviews relating to FM Sales, Structuring and Treasury Markets.
• Provide advice on the application of CFCC risk management frameworks (e.g ERMF) and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies.
• Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
• Provide intelligence inputs to support calibration of the Bank’s Risk Methodologies (including aggregate product risk).
• Provide reports to relevant Group and Business risk and control committees and management group on key compliance risks and issues.
• Understand the purpose systems relevant to FM Sales, Structuring and Treasury Markets.

Governance

• Attend relevant leadership meetings, and provide relevant reports to management and governance / risk committees.
• Ensure appropriate governance measures are in place so that FM Sales, Structuring and Treasury Markets approval documents reflect all relevant regulatory and internal requirements.
• Propose control effectiveness and efficiency improvements and simplifications where appropriate.
• Within the Group's Enterprise Risk Management Framework, establish appropriate risk based CFCC framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance and financial crime risks across FM Sales, Structuring and Treasury Markets.

Regulatory and 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.
• Support FM Sales, Structuring and Treasury Markets 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

• Sales, Structuring and Treasury Markets teams
• Sales, Structuring and Treasury Markets COO teams
• Group Risk
• Group Operational Risk
• Group Internal Audit
• Group Operations
• Group Technology
• Regional Heads of CFCC, CCIB
• Prudential Regulation Authority, Financial Conduct Authority and other key regulators of the Group

Other Responsibilities

• Support embedding Here for good and Group’s brand and values in the FM CFCC Advisory Team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards.

Our Ideal Candidate

• 8+years’ experience in compliance advisory and/or Financial markets-related roles.
• Knowledge of Financial Markets products.
• Knowledge of Financial Markets and Treasury Markets businesses.
• Knowledge of key global regulations.
• Familiarity with the Operational Risk Framework.

RoleSpecific Technical Competencies

• Compliance Policies and Standards
• Compliance Advisory
• Compliance Review and FCC Assurance
• Surveillance (including Screening and Monitoring)
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison
• Manage Change
• Manage Projects

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 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.

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