Job Description

Job: Compliance
Primary Location: Asia-Singapore-Singapore
Schedule: Full-time
Employee Status: Permanent
Posting Date: 14/Aug/2022, 11:13:21 PM
Unposting Date: 14/Sep/2022, 5:59:00 PM

Role Responsibilities
I am responsible, in my capacity as Director, CFCC Advisory, CPBB and Trust for supporting Country Head, CFCC Advisory, CPBB and Trust, in his / her management of the CPBB and Trust CFCC Advisory team, aligning this to the vision and strategy of the function, the Enterprise Risk Management Framework (ERMF), and delegation of authority documents where relevant. I have first line responsibility for the implementation of Compliance, Conduct and FCC policies and procedures for CPBB and Trust processes to the extent the processes have been identified as owned by the CFCC function, in line with the Group’s process universe as set out in the Group Operational Risk Framework, including activities within the processes owned by the CFCC function which are hubbed or outsourced. Insofar as they relate to CPBB and Trust financial crime risks, I am responsible for providing 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 for notifying any such breaches to (as appropriate)

• Country Head, CFCC Advisory, CPBB and Trust
• Country Head, CFCC
• Country Head, FCC
• relevant Heads of Business

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 cyber related matters. 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 CPBB and Trust businesses.
• For the evalution 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 supporting the management of regulatory relationships with all of the Group’s regulators, whose rules the Group is subject to.
• Drive high standards of regulatory compliance and deliver key priorities and initiatives, aligned to the CPBB and Trust performance scorecard.

Strategy

• Set and implement the vision, strategy, direction and leadership for CPBB and Trust CFCC Advisory teams, consistent with Country Head, CFCC Advisory, CPBB and Trust vision and strategy for the CFCC function and in support of the Bank’s strategic direction and growth aspirations.
• Promote the culture and practice of compliance with CFCC 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 Country 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.
• 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.
• Establish and maintain risk-based compliance frameworks and a programme for monitoring and assuring compliance that supports the transition to pro-active and pre-emptive compliance and conduct risk mitigation.
• Promoting the culture and practice of global standards to the business, while managing local requirements.

Processes

• Act under delegation from the respective Risk Framework Owners for the principal risk types of Compliance, Conduct and FCC in discharging the responsibilities contained in the ERMF for to the extent that CFCC advisory is the appropriate second line risk owner.
• The role holder is not responsible for CFCC first line processes unless specifically delegated by and / or agreed with the group process owner. This includes CFCC processes operated to manage risks in CPBB and Trust such as name screening or transaction monitoring.
• The role holder is not responsible to ensure that CPBB and Trust and CFCC process owners agree their respective handoffs, which ought to be documented in a service level agreement. However, consistent with the CFCC advisory second line responsibilities under the ERMF, the role holder is responsible to ensure that in the absence of an agreement or if responsibilities are poorly executed, the risks inherent in CPBB and Trust are addressed in line with the ERMF.
• Develop and maintain effective policies / processes / DOIs (including training, advice and support) (including training, advice and support) to address CFCC risks across CPBB and Trust, aligning with relevant regulatory requirements.
• Provide governance and oversight over the implementation of CFCC related policies and procedures relevant to CPBB and Trust (to enable compliance with such policies and procedures).

People and Talent

• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team 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.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
• Assess competency and skill of the team on an ongoing basis to ensure alignment of skill set to the risk management demands of the CPBB and Trust business.
• Review team structure/capacity plan to ensure an effective and efficient risk management framework.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Provide feedback at business, function, country and individual level as appropriate, on CFCC matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).
• Regularly and on a timely basis appraise performance as well as proactively manage attrition when needed.

Risk Management

• In accordance to the Group’s Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant CPBB and Trust processes.
• Collaborate with the other Products CFCC teams, Group and Regional CFCC Advisory Teams 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.
• Assist and work closely with the Group Shared Investigation Services team in relation to investigations concerning CPBB and Trust.
• Liaise with the internal audit function to ensure that any CFCC weakness identified by the internal audit function relating to CPBB and Trust activities are appropriately followed up.
• Provide reports to relevant Group and Business risk and control committees and management group on key compliance risks and issues.
• Assess risks arising from products / segments / geographies / customers / transactions

Governance

• Attend relevant leadership meetings, and provide relevant reports to senior management and governance / risk committees.
• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
• Ensure appropriate product governance measures are in place so that product approval documents reflect all relevant regulatory requirements.
• Propose control effectiveness and efficiency improvements and simplifications where appropriate.
• Ensure the end-to-end life cycle of audit, assurance and regulatory reviews is managed appropriately, including tracking, remediation and preparing lessons learned from such reviews.
• Within the Group's Enterprise Risk Management Framework, establish and maintain appropriate risk based CFCC framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory and financial crime) risks across CPBB and Trust.

Project / Change Management

• Support Country Head, CFCC Advisory, CPBB and Trust on key change programmes and projects for CFCC Advisory, CPBB and Trust.
• Maintain workplans specific to CFCC advisory projects/ initiatives, and communicate the same to stakeholders in a regular, timely fashion to inform and seek inputs.
• Review new business requirements and provide solutions for CPBB and Trust where required.
• Drive and stimulate an environment where forward planning, prioritisation and deadline management lead to efficient work practices and streamlined functional activities and processes.
• Provide skilled resources to support project / programme delivery
• Manage and protect business as usual (BAU) capability during change programme, as well as during the execution and delivery of the Remediation initiatives through project phase into BAU.

Regulatory and Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk and CFCC matters.
• Support relevant stakeholders to respond to regulatory questions.
• 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 relevant stakeholders to respond to regulatory questions.

Key Stakeholders

• CPBB CFCC MT
• CPBB MT, Singapore
• CFCC MT, Singapore
• Group Internal Audit, Singapore
• Monetary Authority of Singapore, Prudential Regulation Authority, Financial Conduct Authority

Other Responsibilities

• Embed Here for good and Group’s brand and values in [Segment] CFCC Advisory Team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards.

Our Ideal Candidate

• Proven track record as a compliance professional with 8+ years of relevant experience. Work experience with a regulator is a plus. Tertiary degree holder in a relevant field (e.g. finance, accounting, financial engineering, economics).
• Be well-versed in the Banking Act, Securities and Futures Act, Financial Advisers Act, Trust Companies Act and Personal Data Protection Act and various subsidiary regulations.
• Good judgment enabling the provision of sound advice in difficult areas of regulation and practice proactive management of compliance and regulatory risk.
• Must possess strong analytical qualities, excellent interpersonal skills and multi-cultural awareness and sensitivity.
• Ability to manage and give leadership to business and functional stakeholders.
• Sound judgment on business practices, regulatory relationship management and reputational risk.
• Personal authority and integrity with proven ability to establish relationships and exert influence at the most senior levels of the Country and with regulators and other external stakeholders.
• Be able to operate independently, and demonstrate robustness in ethics and resilience.

Role Specific 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.

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