Director, Compliance Advisory, Client Coverage and Functions

This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork - the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
Job Summary Provide expert, risk-based support to business and/or functional teams (dependent on CFCR team remit) on digital asset activities, ensuring consistent application of frameworks, regulatory integration, and capability development across the enterprise.

Key Responsibilities Strategy

• Contribute materially towards the implementation of the vision, strategy and direction of the CIB Client Coverage, Transaction Services, Global Banking, and Functions CFCR Advisory team. Contributions should be consistent with the Regional Head, CFCR Advisory, CIB Client Coverage, Transaction Services, Global Banking, and Functions vision and strategy for the team and the strategy of the CFCR function as a whole; both combined in support of the Bank's strategic direction and growth aspirations.
• Continue to improve the Group's approach towards reducing regulatory and financial crime risks throughout the Regional CIB Client Coverage client lifecycle (from on-boarding to off-boarding) in order to protect the reputation of the Group and to avoid significant financial loss.
• Initiate and contribute to the overall risk and control programs as it concerns Client Coverage and Functions.

Business

• Develop a comprehensive foundational understanding of the business model and strategy in order to provide substantive required oversight support and challenge in order to enable appropriate and sustainable CFCR outcomes.
• 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 and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
• Provide robust challenge to senior management 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.
• Provide and communicate timely CFCR related advice, analysis (and challenge when appropriate) in relation to CIB Client Coverage Functions including product design through to post sale reviews / assessments, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigor of past business reviews), and transactional advice.
• Support the maintenance of global CFCR standards in accordance with standards set by senior management.
• Support the maintenance and refresh of relevant CFCR frameworks applicable to CIB Client Coverage and Functions.
• Support the implementation of the SPOC-COE model. This includes (but not limited to): taking ownership of incoming queries by not handing them off, taking a leading role in actively becoming the go-to person for the business/function and ensuring advice provided is consistent throughout CFCR Advisory in relation to CIB Client Coverage and Functions.
• Support a risk-based assessment of the Client Coverage and Functions portfolio focusing both on individual client and aggregate risk e.g., by client type, by market etc.
• Support prioritization of client reviews based on risk parameters.
• Support the implementation of a local Client Coverage and Functions control framework, including policy development as required; propose new/revisions to existing controls to incorporate changes to industry best practice and regulatory expectations.
• Apply enterprise frameworks, policies, and standards in business-specific contexts.
• Support design and review of controls within business activities, product approval and governance, and client lifecycle processes, as applicable.

Processes

• Drive the governance and oversight over the implementation of CFCR related policies and procedures with respect to CIB Client Coverage and Functions (to enable compliance with such policies and procedures).
• Support efforts to establish and maintain effective processes (including training, advice and support) to ensure that policies and standards to address CFCR risk are effectively implemented across CIB Client Coverage and Functions.
• Support the provision of second line challenge to processes owned by CIB Client Coverage and Functions.
• Develop and maintain effective policies/processes/DOIs, where required and/or deemed necessary (including training, advice and support) to address CFCR risks across CIB Client Coverage and Functions, aligning with relevant regulatory requirements.
• Provide support and challenge to the relevant Business stakeholders e.g. COO teams to ensure that they establish and monitor appropriate processes for compliance with CFCR policies and standards (including meeting regulatory obligations and maintaining high standards of conduct).
• Support and/or perform analysis on individual clients to understand thematic risks, strength of their control environment, underlying client base and level of risk; this includes reviews of SARs and other risk metrics and data as appropriate.
• Recommend ways of mitigating risk and collaborate with business management, FI Client Risk Advisory and GAMs to implement mitigants and controls.
• Participate in working groups focusing on elements of the Correspondent Banking control and governance framework to ensure focused discussion and action on key areas.
• Work closely with the global Correspondent Banking Due Diligence team from the Client Coverage perspective to ensure that key clients are prioritized appropriately and that US based risk factors are understood and appropriate mitigants are identified.
• Participate in select client reviews, including potential client visits (both at client site and on site at SCB), on a risk priority basis.
• Provide support to the governance and oversight over the implementation of CFCR related policies and procedures relevant to Client Coverage and Functions
• Perform ad hoc special reviews or projects as advised by the Regional Head, CFCR Advisory, CIB Client Coverage and Functions.
• Monitor and identify industry developments to ensure industry best practice.
• Contribute materials and support agenda items at the US Correspondent Bank Operating Group as required
• Ensure appropriate documentation of controls and control decisions.
• Support and contribute to development of trainings and workshops in region, specifically tailored around Correspondent Banking financial crime risk.
• Supports an annual risk assessment of Correspondent Banking, working with the FCC Risk Assessment team and business management.
• Prepare reports for senior management in the region and for Global FCC when required.
• Ensure timely escalation of incidents, control breaches and other matters to relevant stakeholders as required.

People & Talent

• Role model and assist the Regional Head of CFCR Advisory, Client Coverage, Transaction Services, Global Banking and Functions to build the appropriate culture and values. Set appropriate tone and expectations within the team and work in collaboration with risk and control partners.
• Contribute to promoting and embedding a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Contribute to instilling an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Assist in the provision of ongoing training and development to ensure that team members are competent, suitably skilled and qualified for their roles.
• Provide constructive developmental feedback at business, function, country and individual level as appropriate, on CFCR matters.
• Contribute materially towards the migration of skill, knowledge, best practice and lesson learned across the network between CFCR Advisory and Centre of Expertise colleagues especially in relation to legal/regulatory risks and compliance with relevant regulations and internal policies/standards as they pertain to Client Coverage and Functions.
• Collaborate with training teams, where requested or deemed necessary, to input into training curriculum to support closing of capability gaps and to meet the training needs of Client Coverage and Functions.

Risk Management

• Support efforts 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.
• Support efforts to ensure the effective management of CFCR matters, management of regulatory issues that have a significant impact on the Bank and support relevant stakeholders to respond to regulatory questions.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure appropriate and timely escalation within the Group 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 impacting Client Coverage and Functions.
• Collaborate with other CFCR teams to support a programme for conduct, financial crime and compliance monitoring, surveillance and/or assurance for Client Coverage and Functions click apply for full job details