Director, Cfcc, Client And Market Conduct Framework And Policies
Singapore, Singapore
Job Description
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Job : Compliance
Primary Location : Asia-Singapore-Singapore
Schedule : Full-time
Employee Status : Permanent
Posting Date : 03/Apr/2023, 8:54:03 AM
Unposting Date : 18/Apr/2023, 1:29:00 PM
Role Responsibilities
Purpose
- This is a newly created role in 2023 for a Director within Conduct, Financial Crime and Compliance (CFCC) in the Framework and Policies informing Market Conduct and Client Conduct Compliance Risk Subtypes (CRST). This role will report to the Executive Director Conduct, Financial Crime & Compliance (CFCC), Client and Market Conduct Framework and Policies.
- Facilitate activities required for the remediation programme to address the identified gaps in the two CRST\xe2\x80\x99s.
- Support the CRST Owners in providing oversight of the overall Client conduct and Market Conduct Framework, Policy and its underlying Standard implementation effectiveness.
- Provide the support on oversight and governance on the Policies and Standards scoped under the two CRST\xe2\x80\x99s.
- Continuously work towards enhancing end to end Client and Market conduct frameworks by driving greater first line ownership of the risks and its control environment to managing these risks.
- Support the embedding of Client and Market conduct considerations within First Line processes in decision making and day to day activities to further strengthen risk culture.
- Support the defining of policy and standard level MI requirements for oversight and monitoring.
- Central maintenance of a register / inventory of compliance and regulatory risks arising from Client and Market Conduct and analyse the comprehensive impact of regulatory obligations on the Bank\xe2\x80\x99s business area and its operations.
- Central coordination and maintenance of policy and procedural materials in relation to Market and Client conduct through to their embedding in BAU business and functions.
- Support Regional and Country Compliance teams in their liaison with regulators for Market and Client conduct related matters.
- Central co-ordination and preparation of Market and Client Conduct risk reporting to senior management and key stakeholders (Internal/External).
- Preparation of committees and forum papers to provide timely escalation of Market and Client conduct risks and issues to senior management.
- Central coordination of the preparation and delivery of training and educational materials in relation to Client Conduct and Market Conduct risk management.
- Support and implement the mission, vision, strategy, and leadership for the ED, CFCC, Client and Market Conduct Framework and Policies consistent with the Management\xe2\x80\x99s strategy for the Compliance function and in support of the Group\xe2\x80\x99s strategic direction and growth aspirations.
- Support audit or assurance related activities by ensuring timely and quality information/evidence is provided when requested and to ensure audit findings are adequately managed and addressed to the point of completion.
- Support the ED, CFCC, Client and Market Conduct Framework and Policies to establish and maintain effective processes (including training, advice, and support, where necessary) to ensure that policies, standards and processes to address Client and Market Conduct risks (excluding financial crime) are effectively implemented and adhered to across the Group.
- Provide support and challenge to the Group\xe2\x80\x99s management to ensure that they establish and monitor appropriate processes in accordance with Compliance\xe2\x80\x99s policies, standards and processes (including meeting regulatory obligations and maintaining high standards of conduct).
- Lead through example and build the appropriate culture and values. Set appropriate tone and expectations within the team and work in collaboration with risk and control partners.
- Demonstrate the appropriate culture and values consistent with expectations of ED, CFCC, Client and Market Conduct Framework and Policies Set appropriate tone and expectations in collaboration with risk and control partners.
- Contribute to instilling an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
- Support the agenda of, and engagement within, the CFCC teams supporting Client Conduct and Market Conduct CRSTs, and promote adherence to the stakeholder map, ensuring efficient alignment of business and function.
- Collaborate with training teams to input into training curriculum to support closing of capability gaps and to meet the training needs of Client Conduct and Market Conduct CRSTs.
- In the event of serious regulatory breaches, or where risk tolerances have been breached, support the ED, CFCC, Client and Market Conduct Framework and Policies to ensure relevant management and regulators are informed and that actions are taken quickly to remediate and/or cease activities. Ensure proactive and timely identification, assessment, advice, and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform, where appropriate.
- Support the Client and Market Conduct CRST owners in providing reports, as required, to relevant Group and Business risk and control committees and management groups on key risks and issues.
- Where necessary, maintain adequate management MI/trackers across all aspects of the role to ensure all relevant issues and matters are tracked, followed, regularly assessed and reported on.
- Liaise with the internal audit function to ensure that any CFCC weakness identified by the internal audit function relating to Client Conduct and Market Conduct CRSTs are appropriately followed up.
- Provide robust challenge to and maintain oversight of risk acceptance and/or mitigating action plans relating to Client Conduct and Market Conduct CRSTs.
- Drive control improvements, enhancements and simplifications relating to Client Conduct and Market Conduct CRSTs processes and/or processes involving Client Conduct and Market Conduct CRSTs where appropriate.
- Within the Group\'s overall Risk Management Framework, support the Client and Market Conduct CRST owners to establish and maintain appropriate risk-based Compliance frameworks in relation to the projects for identifying, assessing, managing, monitoring, mitigating, and reporting compliance (including regulatory and financial crime) risks across the Group\xe2\x80\x99s businesses and functions.
- 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.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Global Head CFCC Advisory Client Coverage
- Global Head CFCC Advisory FM and TM
- CFCC Frameworks and Policies team
- All impacted Policy and Standard Owners, Document Contacts and Approvers
- Group/Regional/Country CFCC teams
- Embed Here for good and Group\xe2\x80\x99s brand and values in Client and Market Conduct Framework team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
- 8+ Years\xe2\x80\x99 experience in 2nd line Compliance / Operational Risk / Enterprise Risk Management background
- Understanding of Compliance and Financial Crime risks
- Knowledge of thematic regulatory landscape and regulatory expectations
- Comfortable dealing with ambiguity, ability to provide direction and leadership
- Ability to collaborate and work dynamically across a broad range of stakeholders
- Strong interpersonal, relationship building, and influencing abilities
- Highly disciplined, structured with an outcome orientated mindset and approach
- Excellent written and verbal communication and presentation abilities
- Sound judgement on risk framework and standards matters
- Exemplary integrity, ethics, independent and resilience
Role Specific Technical Competencies
- Regulatory Environment - Financial Services
- CFCC Policies and Standards
- Process Improvement
- Effective Communications
- Relationship Management
- Risk Assessment
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
- 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.
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Job Detail
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Job IdJD1304581
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationSingapore, Singapore
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EducationNot mentioned