About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
Provide support to ensure there is adequate resources (people, processes, tools, frameworks, systems) in the Country Governance team for necessary CFCC controls.
Proactively engage with regulators in Country through a structured engagement programme with consistent adherence to regulatory expectations.
Ensure that Standard Chartered Bank's operations in Singapore are in line with regulatory expectations and Group requirements.
Support the Country Head of CFCC Governance to set and implement the vision, strategy, direction and leadership for Singapore, consistent with the vision and strategy for CFCC and in support of the Group's strategic direction and growth aspirations.
Promote the culture and practice of compliance with compliance 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.
Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in country), in coordination with group communications.
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 and application of regulatory expectations, regulations, laws, best practices and policies related to CFCC
In conjunction with the relevant stakeholders, analyse the impact of regulatory compliance matters on the bank and its operations.
Anticipate, assess and communicate key regulatory risk trends in Country for management consideration and drive the development and implementation of appropriate mitigation control measures
Use general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions and keeps the in-Country regulators updated on developments in the Bank's business
Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOls to address CFCC, aligning with relevant regulatory requirements.
Support the implementation of CFCC related policies and procedures in Country to ensure compliance with such policies and procedures.
Provide advice to relevant business & functions stakeholders on compliance with Group standards & regulatory matters relating to CFCC.
Proactively monitor regulatory developments to manage the regulatory impact of complex regulatory matters on the Bank's business and its operations
Provide guidance on the proper application and interpretation of banking laws, regulations and policies applicable in Country.
Support the seting of control standards and provide advice on the development of appropriate controls for the mitigation of regulatory risks.
Assist in overseeing relevant administration and licensing and required by the in-Country regulatory requirements.
In the event of serious regulatory breaches, or where risk tolerances have been breached, assist in critical workstreams in order to ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
Track significant issues arising from CFCC metrics, Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
Prepare and cascade lessons learned from audit findings, assurance activities and specific investigations.
Provide guidance on all control checks undertaken by CFCC under the Operational Risk Framework (ORF).
Implement quality assurance standards and workflows for the CFCC processes.
Co-ordinate/support the management of audits/exams.
Support implementation of risk mitigating action plans.
Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
Apply Group and CFCC policies and processes 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.
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.
Conduct country risk assessment.
Map risks, quantify the potential impact and escalate where necessary.
Support delivery of annual Global Compliance, AML, ABC and Sanctions Risk Assessments.
Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
Ensure the Bank is properly prepared for and coordinate routine regulatory exams, audits, queries and supervisory inspections, as well as to managing the response from the business.
Provide inputs on metrics and/or key risk indicators (KRI) for CFCC.
Participate in key change programmes and projects for Country CFCC
Support implementation of workplans specific to Country CFCC projects/ initiatives, and communicate the same to stakeholders in a regular, timely fashion to inform and seek inputs.
Attend relevant meetings.
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.
Periodic reporting and timely escalation of significant risks and issues arising from CFCC Monitoring and Assurance activities.
Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
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.
Drive or influence significant programmes of work in support of the CFCC initiatives and projects.
Proactively engage with internal and external business stakeholders for development and maintenance of good relationships and an open and cooperative environment.
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.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Support relevant stakeholders to respond to regulatory questions.
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Our Ideal Candidate
Compliance professional of at least 3 years standing.
Good understanding in the regulatory rules and standards that govern the financial institutions in Singapore.
Good judgment enabling the provision of sound advice in difficult areas of regulation and practice and the proactive management of compliance and regulatory risk.
Must possess excellent interpersonal and problem-solving skills, 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.
Apply now to join the Bank for those with big career ambitions.