Job Description

Role Responsibilities
This role is to support the policy/standards ownership, implementation and oversight of the Anti-Tax Evasion framework (client and non-client tax evasion) in the bank. The role holder will also be providing Tax Evasion SME to CFCC, Business and Function.
Responsibilities*

• Ensure that the Group\'s risk management framework is adequate to identify, assess and manage the risks of laundering the proceeds of tax evasion
• Equip relevant FCC areas with tax knowledge and awareness required to perform their roles in managing AML risks
• Support the enhancement of existing AML control framework for tax evasion risk
• Provide tax evasion expertise in relation to key projects, systemic risks
• Support the development of a scalable and effective communication and training program directed at key functions, businesses (e.g. CFCC, RMs, Product Teams) and senior management stakeholders
• Support the raising of awareness of tax evasion risks across the organization
• Support the design of surveillance processes so that systems and people are better equipped to identify the laundering of tax evasion

Strategy*

• Support thematic reviews of key risk areas (e.g., CFCC Assurance reviews)
• Assist in developing a proactive framework to respond to money laundering risks that may arise or be identified through the occurrence of tax amnesties and other events (e.g. Panama Papers) to facilitate efficient management of these to the extent these impact SCB
• Provide subject matter expertise on tax to support relevant teams in undertaking strategic reviews of high-risk businesses, products and geographies to scan for current and emerging risks
• Corporate Criminal Offence (CCO) programme

Support the implementation of the UK CCO programme throughout SCB including:

• Enhancement of the Tax Evasion Risk Assessment
• Supporting the design and implementation of proportionate risk-based prevention procedures including internal and external reporting mechanisms
• Communication and training of relevant stakeholders (first and second line of RMF)
• Continue to monitor and enhance controls over time, in line with CCO regime (including benchmarking with peers)

Business*

• Awareness and understanding of the wider business, economic and market environment in which the Group operates

People & Talent*

• Lead through example and contribute in building the appropriate culture and values.

Risk Management*

• Ensure effective management of the risks of laundering the proceeds of tax fraud/evasion and UK CCO matters, and in collaboration with Group Tax and CTIC (as well as other relevant Functions), effectively manage such issues that have a significant impact on the Bank.

• Collaborate with the other relevant stakeholders (e.g. Group Tax, FCC, CTIC) 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.

• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management in the Bank and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased. Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform. Assist and work closely with relevant teams in relation to investigations concerning the laundering the proceeds of tax fraud/evasion in client businesses.
• Provide reports to relevant Group and Business risk and control committees and management group on key tax evasion/fraud risks and issues.

Governance*

• Within the Group\'s overall Risk Management Framework, help to establish and maintain appropriate risk-based compliance frameworks for identifying, assessing, managing, monitoring, mitigating and reporting the risks of laundering the proceeds of tax fraud/evasion

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 the [country / business unit / function/[team] 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*

• Group Tax
• Client Tax Information Compliance (CTIC)
• Compliance
• All key FCC functions
• Businesses including Senior Management
• Risk
• Internal Audit
• Key regulators of the Group (including tax authorities and law enforcement bodies)

Our Ideal Candidate:

• A seasoned tax professional with 5+ years\' exposure to financial services
• An advanced understanding of tax issues impacting banking products and structures
• Solid tax risk management background and experience in instituting controls in global banking businesses
• A strong Compliance mindset and ability to influence senior stakeholders
• Solid stakeholder management skills, able to distil complex tax matters succinctly and communicate effectively to non-tax senior stakeholders
• Strong core values and ethics
• A self-starter and outcomes-driven individual that can work with minimal supervision
• Legal and/or accounting qualifications required. Advanced degree in Tax preferred (e.g., Master of Tax)

ROLE SPECIFIC TECHNICAL SKILLS AND COMPETENCIES AND PROFICIENCY LEVELS*

• Compliance Policies and Standards
• Compliance Advisory
• Compliance Review & FCC Assurance
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison

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

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