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 Strategy
Collaborate with and support Country Head of CFCC directly contributing to the overall strategy of the function through the development of the CFCC Monitoring Annual Plan ("the Plan").
Proactively identify and communicate emerging local regulatory compliance risks as input to any periodic review of the Plan.
Prioritise for Finance and Credit regulatory reviews and any mandatory reviews per regulatory requirements to ensure SCB Vietnam's compliance with local regulations
To use the CFCC Assurance Methodology ("the Methodology") or update the Methodology for Compliance Monitoring Review as necessary
Promote the culture and practice of compliance with regulatory regulations within the Bank and embed a Here for good culture and the Group Code of Conduct.
When assigned to lead a Review, communicate outcomes to relevant stakeholders and support them in developing mitigating actions to correct identified issues.
Execute assigned review tasks within the designated business area; identify and record potential issues and ensure that these are formally evaluated according to the Methodology.
Actively engage in the Review processes, taking every opportunity to develop their knowledge and understanding of SCB Business and the execution of Assurance while delivering their tasks.
Ensure that key changes (to laws, rules, regulations) relevant to the execution of Monitoring activities are communicated and cascaded to team members in their area of responsibility.
Ensure that local regulatory risks and concerns are covered and addressed to be compliant and meet local regulator's expectations/priorities. Processes
To collect the relevant information to develop risk-based monitoring reviews plan (example participate in the 1st and 2nd Line Stakeholders discussions, gather the testing result, analyse the CFCC CRA)
Manage all scoping and set up processes either under the supervision of a review lead or directly where leading a review.
Lead and direct the end to end execution of Reviews (and any other tasks), as required by the Methodology.
Ensure that all work papers required for their assigned areas of responsibility are completed to required quality standards.
When assigned to lead a Review, ensure that completed reviews are correctly closed, and that all documentation is correctly filed, as required by the Methodology.
As required by the Methodology track issues throughout the issue lifecycle, capture and track the issue data in the relevant tracking tool and ensure the remediation of issues arising from assigned Reviews (and any other assigned task) is sustainable and validated before closure. In the event of a serious regulatory breach, or where risk tolerances have been breached, ensure their Head of CFCC is informed, and action is taken quickly to remediate - or related activities are ceased.
Work with their team to identify and propose control enhancements and / or simplifications where appropriate; support all control checks required under the Operational Risk Framework ("ORF").
Promote CFCC co-operation and partnership with Auditors, regulators, peers and industry.
Provide inputs and updates on Country Monitoring Reviews to Vietnam Country Management, ensuring delivery of consistent communications on priorities and thematic findings.
Monitor quality standards for Review activities within their area of responsibility; recommend action to drive performance improvement where required.
Capture and communicate insights arising from Review execution; actively engage in driving improvement of the Methodology.
To self-manage the resource for completion of required review and discuss with Country Head of CFCC for any resource matters.
Follow the spirit of the core principles for travel and expenses.
CFCC review fieldwork may require international travel for extended periods of time.
People and Talent
Provide leadership, management and coaching of individuals allocated to support the execution of reviews. Lead and manage those individual's performance to deliver the required review activity on time and to the required standards. As necessary engage the individuals line manager and provide appropriate feedback for performance purposes.
Promote and embed a culture of openness, trust, and risk awareness where ethical legal, regulatory and policy compliant conduct is the norm.
Stimulate an environment where forward planning prioritisation, deadline management and streamline workflows and collaborative, inclusive effective work practices are the norm.
Take responsibility for own personal development and complete all mandatory training as required in line with the Banks principles and guidelines.
Support the development of the overall Risk Assessment and annual Monitoring Plan to ensure that Compliance Risks (in particular in respect to Finance and Credit Compliance) in Vietnam are appropriately mitigated.
Conduct the Compliance Risk Assessment for Non-Compliance Risk Sub types
Ensure that work delivered in their area of responsibility follows prescribed workflows and meets quality standards for the Compliance function with the required attention to detail and within the timelines set.
Swiftly escalate significant risks and issues arising from Monitoting activities by notifying Head of CFCC.
Provide accurate, timely and insightful reporting on CFCC standards and operational performance as identified through oversight and monitoring activities.
Regulatory & Business Conduct
Display exemplary conduct and live by the Group's Values and Group Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Support Country Head of CFCC in achieving 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
Internal Audit team
Country Risk & Compliance teams.
Business Heads/Functional Heads for relevant reviews