Job Description

Job : Compliance
Primary Location : Asia-Singapore-Singapore
Schedule : Full-time
Employee Status : Permanent
Posting Date : 21/Dec/2022, 5:04:33 AM
Unposting Date : Ongoing


The Role Responsibilities
Strategy

• Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the ASA region necessary to effectively implement the sanctions control framework.
• To manage within tolerance the risk of financial, regulatory or reputational loss to SCB by assisting the business and support units to meet the sanctions requirements of the Group and all applicable local laws, rules and regulations concerning Sanctions.

Business

• Analyse comprehensive impact of sanctions compliance risk specifically and broader financial crime related regulatory matters on the relevant business area and its operations.
• Ensure that key changes to sanctions compliance laws, rules, regulations, and external threat environment are identified, analyzed, and communicated effectively to impacted teams, business, process, and risk owners.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Keep track of and provide advice to relevant stakeholders on the interpretation of regulatory expectations, laws, best practices and policies related to sanctions compliance and the application of such to the business, products, operations, and functions.

Processes

• Execute delegated responsibilities of the sanctions risk owner to ensure laws, regulations, relating guidance, enforcement penalties and compliance practices, are being tracked effectively and assigned to responsible owners under programme governance.
• Execute delegated responsibilities of the sanctions policy owner to ensure that the above are reflected in both ad hoc updates and the annual refresh of the Group Sanctions Policy and Standards.
• Ensure our Sanctions Advisory Tool is working effectively and analytic analysis is performed on trends and standards.
• Offer subject matter expertise and assistance to create clear and impactful training as delivered through our Sanctions Learning Curriculum.

People and Talent

• Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Create an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Collaborate with training teams to input to training curriculum to support closing of capability gaps.
• Deliver/support Sanctions training programs to meet the training needs of the business.
• Deliver/support Sanctions training programs to meet the training needs of CFCC.

Risk Management

• Maintain oversight of risk mitigating action plans.
• Understand technical aspects of systems relevant to Name and Transaction Screening and Case Management.
• Oversee the appointment of and manage relationships with watchlist vendors as appropriate.
• Establish and maintain watch lists used for customer and transaction screening and various other due diligence and investigative purposes (local/regional internal and external).
• Provide advice on the application of risk management frameworks (e.g., ORF, GRA).
• Apply Group and FCC policies and processes (Transaction screening, client screening, risk assessment) to manage risks.
• Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
• Assess risks arising from products / segments / geographies / customers / transactions.
• Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Identify financial crime risk indicators through various internal/external sources that impact SCB and its clients.
• Implement Sanctions risks identification and assessment methodologies.
• Advise relevant stakeholders on outcomes of Sanctions risks identification and assessment methodologies.
• Partner with legal counsels for advice on technical matters.
• Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
• Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
• Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.

Governance

• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
• Support all control checks undertaken by FCC under the Operational Risk Framework (ORF).
• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
• Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the CFCC function.

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.
• Lead the Regional FCC Sanctions Compliance team to achieve the outcomes set out in the Bank\xe2\x80\x99s 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

• Country CFCC and Business Segments and Product Teams
• Country and Region FCC teams
• HRCU
• Regulators in countries impacted by reviews
• GIA
• FCSU
• Group FCC Controls
• Other Regional and Group Sanctions teams
• ABC
• Legal
• Sanctions authorities in the region

Our Ideal Candidate

• 7+ years previous sanctions advisory experience. The ideal candidate will ideally have gained that experience in a similar role at a large, complex financial institution or law firm.
• Legal training or practicing experience is an advantage, but not a necessity.
• Strong personal leadership qualities, excellent interpersonal skills.
• Excellent organisational ability with the ability to manage a heavy and diverse workload.
• Ability to work in a matrix organisation, leveraging resources across the organisation to complete deliverables.
• Experience of proactively engaging stakeholders across multiple countries/businesses/functions.
• Understanding of the key features of relevant laws and regulations relevant to the Group and/or Region.
• High standards of professional integrity.
• Analytical and problem-solving skills.
• Proven communication and influencing skills, with the ability to communicate effectively both verbally and in writing at all levels.

Role Specific Technical Competencies

• Manage Conduct
• Manage Risk
• FCC investigations and monitoring
• FCC regulatory analysis
• Sanctions Advisory
• Compliance Risk Assessment
• Manage Change

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