Job Summary
This role could be based in GBS India, Malaysia, Singapore or UK. When you start the application process you will be presented with a drop down menu showing all countries, Please ensure that you select a country where the role is based
The Operational, Technology and Cyber Risk (OTCR) organisation is instrumental in protecting and ensuring the resilience of Standard Chartered Bank's operations, data, and IT systems by managing operational, technology and cyber risk across the enterprise. Group OTCR team serves as the second line of defence for assuring that controls are implemented effectively, in accordance with the OTCR Framework, and for instilling a risk culture within the Bank.
The Compliance and Financial Crime Risk (CFCR) organisation partners with internal and external stakeholders to achieve the highest standards in compliance and financial crime risk issues to enable a sustainable business and to fight financial crime. As a function, CFCR acts as the second line of defence by setting out the compliance and financial crime framework with the aim to : (1) ensure full compliance with home and local regulatory expectations through managing data conduct, market conduct, client conduct, regulatory conduct, conflicts of interest and non-financial regulatory reporting requirements; and (2) protect our clients and communities against money laundering, terrorist financing, sanctions, fraud and other risks, applying core controls such as client due-diligence, screening and monitoring, and strengthening our people's understanding as to how to identify, manage and mitigate such risks. In addition, anti-bribery and corruption controls aim to prevent colleagues, or third parties working on our behalf, from engaging in bribery or corruption.
OTCR and CFCR are critical functions reporting into the Group Chief Risk Officer (CRO) within the Bank.
The Director, OTCR & CFCR, Functions, STRATEGY & TALENT is an important role that requires solid business acumen and a detailed knowledge of the Functions area and understanding of working in a second line capacity within a risk management and compliance organisation. This role is responsible for delivering a unified second line of defence for non-financial risk management of Group Functions within Standard Chartered Bank. The role reports directly to the Head, OTCR and CFCR, Functions, STrategy and Talent.
Key Responsibilities
The purpose of this role is to act as the single point of contact (SPOC) within the second line for the Functions area, initially in respect of all OTCR matters and decisions, providing judgement-based input and advice to ensure effective risk management. In time, the candidate will also become a trusted partner and collaborate with senior stakeholders including SMEs to ensure that risk management practices are integrated into all aspects of the Functions are, including CFCR. The role holder provides support to the Head, OTCR & CFCR, Functions, STRATEGY & TALENT to execute for the following :
CFCR Second Line Lead For STRATEGY & TALENT
- Support the Group meet its commitment of being "Here for Good" by building a sustainable framework that places CFCR best practice standards, at the forefront of the Group&aposs agenda.
- As an independent second line risk control function, the relevant aspects of the CFCR Frameworks 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 Functions.
- Maintain independence, deliver timely responses, and timely escalation of risks and issues where the management tolerance of the firm (i.e. risk appetite) is exceeded.
- Maintain constructive and effective stakeholder relationships with the relevant business and supporting functions.
- Support the management of regulatory relationships with all of the Group's regulators, whose rules the Group is subject to.
For clarity, the first line is responsible for the implementation of CFCR policies and procedures for business processes to the extent the processes have been identified as owned by the Functions, in line with the Group's process universe as set out in the Group Compliance Risk Framework.
Strategy
Help the Bank meet its commitment of being "Here for Good" by building a sustainable framework that places Risk and CFCR best practice standards, at the forefront of the Bank&aposs agenda.Set and implement the vision, strategy, direction for OTCR and CFCR team, consistent with the Head, OTCR and CFCR, Functions, STRATEGY & TALENT vision and strategy for the Risk and CFCR function and in support of the Bank's strategic direction and growth aspirations.Drive high standards of regulatory compliance and deliver key priorities and initiatives, aligned to OTCR and CFCR's priorities.Take responsibility for core sections of the Compliance Plan and independently monitoring milestones and working as a trusted advisor alongside the Function to enable effective delivery.As an independent second line risk control function, execute the relevant aspects of the CFCR frameworks through robust independent risk control and the provision of specialist advice and constructive challenge.Promote the culture and practice of compliance with CFCR 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.Collaborate with the rest of the OTCR and CFCR Functions team to achieve common platforms and work plans, implementing a One Bank approach covering all Clients.Input to Country Business operating model design of relevant CFCR and business processes.Business
Oversee the relevant aspects of the CFCR Principal Risk Types through robust independent risk control and the provision of specialist advice and constructive challenge.Deliver timely responses and escalation of risks and issues where the management tolerance is exceeded (ie. risk appetite).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 advice to enable the business and functions to meet / achieve their strategic tactical objectives.Build and maintain an effective and constructive relationship with all key functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality regulatory compliance advice and guidance to enable the business and functions to meet / achieve their strategic / tactical objectives.Where applicable, provide day to day support for Functions on Change Management including project implementation, co-ordinating Compliance approvals and support on regulatory notifications.Provide robust challenge to the functions 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 function to provide timely regulatory compliance advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive compliance and conduct risk mitigation.Regular and diarised catch ups with all key function stakeholders.People & Talent
Lead through example and tone and help to build the appropriate culture and values within the team and across the wider organisation, communicating vision and building commitment and energy to focus on key prioritiesRisk Management
Support Risk Owner under the Group's Risk Management Framework for STRATEGY & TALENT Function processes where Compliance is the second line Risk Owner.Ensure effective management of compliance matters, and in collaboration with the rest of the OTCR & CFCR team, effectively manage regulatory issues that have a significant impact on the Bank.Support the provision of reports to relevant functions risk and control committees and management group on key compliance risks and issues.Maintain adequate management MI / trackers across all aspects of their coverage and responsibility to ensure all issues and matters are tracked, followed, regularly assessed and reported on.Provide advice on the application of CFCR risk management frameworks and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies.Risk indicators, metrics, and thresholds – e.g., Risk Appetite thresholdsCompleteness and accuracy of risk identification and assessmentRegular review of residual risks and concentration of risks (e.g., locations, processes, etc.)Impact to risks / regulations which the bank faces (e.g., through internal / external change or events)Reporting and escalation of restrictions where the risks not aligned with Risk AppetiteTimely and effective completion of actions and treatment plansFunctions adherence to framework, policies, standards, and regulationsAppropriate application of decision authorities and delegation rightsFunctions initiatives and decisions to ensure effective adherence of risk, policy, regulations, etc.Outputs of Functions risk identification and assessment activities for completeness and accuracyDesign and implementation of treatment plans / actions to mitigate risk or improve risk mgmt.Risk Appetite Setting : 1LOD proposals on Risk appetite and where Risk Appetite is near breachProactive challenge on strategy, process, product, channel, change activitiesDesign and operating effectiveness of controls in place to mitigate material risksAdvise
Risk assessment decisions for changes arising from products, processes and projects etc.Treatment plans and actions design to mitigate risks, remediate appetite breaches, improve risk mgmt.For other approvals explicitly required by regulators, frameworks, policies, and standardsIn addition, this role must work with SMEs to ensure that there is adequate support provided by the SME in respect of
Policy / regulatory interpretation, application, and implementationProvision of information and guidance relating to risk mgmt. processes and frameworksAppropriate appetite setting, identification and assessment of risk and input into control designSupport on investigations and reviews to ensure the right outcomes are reachedRegulatory horizon scanning, interpretation, application, and implementationOpportunities for risk taking / commercialityIdentification of emerging and horizon risks in area of expertiseTraining and support in communicating complex technical concepts to internal and external stakeholderAdvise in matters that are high risk and / or complex to provide specialised knowledge, oversight and / or expertise, using deep technical knowledge, interpretation of regulations with data driven judgment and experienceAnalysis of internal and external trends to get early alertsThematic reviews with Assurance teams where requiredGovernance
Within the Group&aposs Enterprise Risk Management Framework, establish and maintain appropriate risk based OTCR and CFCR framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory and financial crime) risks.Support the development and recommend (for approval by the relevant Risk Committee), appropriate compliance policies and proceduresRegulatory & 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.Effectively and collaboratively identify, escalate, mitigate and resolve regulatory, risk, conduct, financial crime and compliance matters related to businesses.Ensure 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.Providing ongoing reporting of risk exposure into governance meetings and to key stakeholders and escalating any blockages to progress to ensure Group MT, Risk & CFCR, and OTCR Scorecard objectives are met.Key stakeholders
All teams of the following areas that support the assigned portfolio :
Relevant counterparts in Global OTCR & CFCR Functions teamRelevant counterparts in Compliance, Financial Crime Risk compliance teams, including Data Management RiskCompliance Officers & SME's for the respective Compliance risksSenior STRATEGY & TALENT Functions Management and respective teamsOTCR & CFCR leadership teamSecond Line Assurance [for the various Functions]Internal Audit [for the various Functions]Functional Heads example
includes all relevant first line support functions e.g., Finance / HR CIO, Finance / HR CISO, etc. It will only exclude the representatives of CIB / WRB areas e.g., CIB / WRB Finance or CIB / WRB HR who will be covered by the CIB / WRB OTCR Head. This is to provide clarity and avoid duplication.
Other Responsibilities
Embed Here for good and Group's brand and valuesPerform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;Skills And Experience
Business PartneringOperational and Technology Risk ManagementRisk ManagementInformation and Cyber Security Risk ManagementRegulatory Environment - Financial ServicesData Gathering and AnalysisFunctions KnowledgeInternal ControlsRisk and CFCR Policies and StandardsResilience RiskCrisis ManagementManage PeopleRisk Management – ComplianceRisk Management - ReputationalBusiness – Business PartneringBusiness – Process ManagemenOur Ideal Candidate
10+ years of Substantial experience in OTCR and / or CFCR management15+ years of Substantial experience in the banking industryDemonstrate strong understanding of best practice risk management techniques and frameworks, including a rigorous and analytical approach to risk managementUnderstanding of the key features of relevant laws and regulations relevant to the Group and able to demonstrate sound judgement on business practices, regulatory relationship management and reputational riskExcellent analytical skills : ability to think clearly and rigorously about how best to assess existing and emerging risks and readiness, being able to reach a pragmatic approach and direction.Role Specific Technical Competencies (Enablers)
Relationship ManagementEffective CommunicationBusiness AcumenManaging ChangeAgile (NWoW)REGULATORY Affairs and Regulatory Change ManagementCompetencies
Action Oriented
Collaborates
Customer Focus
Strategic Mindset
Technical Competencies : This is a generic competency to evaluate candidate on role-specific technical skills and requirements
Manages Ambiguity
About Standard Chartered
We&aposre an international bank, nimble enough to act, big enough for impact. For more than 170 years, we&aposve 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&aposre 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&apost 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&aposll 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 doNever settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so wellAre better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long termWhat We Offer
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 leave, parental / maternity (20 weeks), sabbatical (12 months 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 toolkitsA 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&aposve 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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Skills Required
Crisis Management, Internal Controls, Risk Management
