Associate Director Cfcc Advisory Job In Standard Chartered Bank In India, Bengaluru / Bangalore

Responsibilities Responsible, as Associate Director, Group Functions Advisory for supporting the Executive Director, Group Functions Advisory, in managing regulatory Conduct, Financial Crime and Compliance (CFCC) risks relating to the Functions and Regulatory & Business Conduct and aligning this to the vision and strategy of the function (see Strategy), the Enterprise Risk Management Framework (ERMF) (see Risk Management), and delegation of authority documents where relevant It also includes other risks relating to Financial Crime Risk (ie Anti-Money Laundering Risk, Sanctions Risk, Anti-Bribery & Corruption Risk and Fraud Risk) First line is responsible for the implementation of CFCC policies and procedures for business processes to the extent the processes have been identified as owned by the CFCC function, in line with the Group's process universe as set out in the Group Operational Risk Framework, including activities within the processes owned by the CFCC function which are hubbed or outsourced See Governance.

Insofar as they relate to business/functions compliance, financial crime and conduct, responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Board from time to time) may occur and notifying any such breaches to (see Regulatory Risk and Regulatory Engagement):

• Executive Director, Group Functions Advisory
• the relevant Heads of Business, Functions
• In addition, responsible to support Executive Director, Group Functions Advisory execute for the following:
• Help the Group meet its commitment of being "Here for Good" by building a sustainable framework that places Compliance, Conduct and FCC best practice standards, at the forefront of the Group's agenda
• As an independent second line risk control function, review the adherence to the relevant aspects of the CFCC 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 Function/s
• Maintain independence, deliver timely responses, and timely escalation of risks and issues where the management tolerance of the firm is exceeded
• Maintain constructive and effective stakeholder relationships with the relevant business and supporting functions
• Build regulatory relationships to support the management with all of the Group's regulators, whose rules the Group is subject to.
  
  

Strategy

• Assist the Executive Director, Group Functions Advisory set and implement the vision, strategy, direction and leadership for CFCC Advisory for businesses in support of the Bank's strategic direction and growth aspirations
• Input to business operating model design of relevant Compliance, FCC and business processes

Business

• Execute the relevant aspects of the Compliance, Conduct and Financial Crime Principal Risk Types 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's [Functions] businesses
• Execute the management of regulatory relationships with all of the Bank's regulators,
• Develop a comprehensive understanding of the business models and strategy in order to assist in providing oversight support and challenge
• Build and maintain an effective and constructive relationship with all key business and functional
• Proactively execute and challenge the businesses and supporting functions to exhibit appropriate conduct, comply with regulatory, Conduct, Financial Crime and Compliance requirements and strive to achieve fair outcome for clients
• Provide CFCC-related advice, analysis (and challenge when appropriate) in relation to the [Functions], including compliance with relevant Group CFCC standards (including, but not limited to, EAF, Transactional Conflict and Information Walls, Client Classification, G&E, AML, Sanctions, ABC and Fraud), product governance, product design, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), client and transactional advice.
  
  
• Provide robust challenge to senior management and all relevant business stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary,
• Work closely with the business and its operational teams to provide timely advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive CFCC risk mitigation

Processes

• Execute under delegation from the respective Risk Framework Owners for the principal risk types of Compliance, Conduct and FCC in discharging the responsibilities contained in the ERMF relating to businesses to the extent that CFCC Advisory, businesses is the appropriate second line risk owner
• Build and maintain effective policies/processes/DOIs (including training, advice and support) to address CFCC risks across [Functions], aligning with Group and relevant regulatory requirements
• Provide governance and oversight over the implementation of CFCC related policies and standards relevant to [Functions], including preparation of deviations to such policies and standards
• Provide direction and challenge to business senior management to ensure that they establish and monitor appropriate processes for compliance with CFCC policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).
  
  
• The role holder is not responsible for CFCC first line processes unless specifically delegated by and/or agreed with the group process owner This includes CFCC processes operated to manage risks in businesses such as name screening or transaction monitoring

People & Talent

• Collaborate with training teams to input to training curriculum to support closing of capability gaps

• Build strong relationships with the wider regional team and encouraging team collaboration
• Drive the migration of skill, knowledge, best practice and lesson learned across the network between CFCC Advisory colleagues especially in relation to regulatory risks and compliance with relevant regulations and internal policies/standards as they pertain to CCIB businesses.
  
  

Risk Management

• In accordance with the Group's Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant business processes
• Collaborate with relevant senior managers to support the programmes for Conduct, Financial Crime and compliance monitoring, surveillance and/or assurance for [Functions]
• In the event of serious business related regulatory breaches, or where CFCC related 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 Where relevant breach reporting includes FCC risks, this should also be escalated to the Country Head, FCC
• Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated regulatory, compliance and financial crime (AML/Sanctions/ABC/Fraud) related risks, and proactive engagement in regulatory reform, in relation to business products and client related activities
• Collaborate with the internal audit function to ensure that any CFCC Advisory weakness identified by the internal audit function relating to [Functions] activities are appropriately followed up.
  
  
• Provide advice on the application of risk management frameworks (eg ERMF) and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies
• Build in providing oversight of risk acceptance and/or mitigating action plans relating to businesses
• Provide reports to relevant risk and control committees and management group on key compliance risks and issues relating to businesses
• Ensure global standards are understood and implemented locally, with any identified exceptions, or need for more/less stringent standards escalated for relevant joint-decision making.
  
  

Governance

• Attend relevant governance meetings, and provide relevant reports to senior management and governance/risk committees when delegated by the Head, CFCC, Advisory
• Build in the identification and escalation of potential business CFCC related, risks and issues to senior management through appropriate governance channels and the Quality Assurance framework
• Propose control effectiveness and efficiency improvements and simplifications (Functionss) where appropriate
• Ensure lessons learned from audit findings and CFCC monitoring and/or assurance activities are properly prepared and cascaded
• Within the Group's ERMF, establish and maintain an appropriate risk based CFCC framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory and financial crime) risks across (Functionss).
  
  
• Maintain adequate management MI / trackers across all aspects of one's coverage and responsibility to ensure all issues and matters relating to businesses are tracked, followed, regularly assessed and reported on, including oversight of risk acceptance and/or mitigating action plans, identification and management of high risk clients or specific country reviews relating to the businesses
• Build the product programme and country addendum framework for business products
• Build the design and maintainance of dashboards and metircs that allow CFCC to dynamically monitor regulatory, compliance and financial crime risk and operational performance for key CFCC processes

Regulatory Relationships and Regulatory Change Collaborate with CFCC Governance resources in country in relaton to:

• the identification and inclusion of relevant business matters for discussion in the Government & Regulatory Relationship Plans ("GRRPs")
• the management of regulatory inspections and identification of regulatory reform that directly relates to (Functionss)
• the provision of briefings and guidance to business management on relevant regulatory matters
• ensuring businesses are properly prepared for routine regulatory exams, audits and supervisory inspections, as well as to managing the response from the businesses and
• support relevant stakeholders to respond to regulatory questions

Project/Change management

• Assist the Executive Director, Group Functions Advisory on key change programmes and projects for CFCC Advisory (Functions)
• Work with the Executive Director, Group Functions Advisory to review new business requirements and provide solutions for business where required.
  
  
• Build an environment where forward planning, prioritisation and deadline management lead to efficient work practices and streamlined functional activities and processes
• Execute and protect business as usual (BAU) capability during change programme, as well as during the execution and delivery of the Remediation initiatives through project phase into BAU

Regulatory & Business Conduct

• Display exemplary conduct and live by the
• 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, conduct, financial crime and compliance matters related to businesses.
  
  
• Support the [Functions] CFCC Advisory 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

Key stakeholders

• Executive Director, Group Functions Advisory
• Functions Advisory Team
• Heads of Functions
• Data Conduct
• Other Risk and Control Functional Heads (Risk, Audit, etc)
• Relevant Regulators

Role Specific Technical Competencies

• Product Risk Assessment & Management
• Confidential Investigations
• Knowledge of the Organisation
• Planning Tactical, Strategic
• Relationship Management
• Effective Communication
• Business Markets
• Cross Functional Collaboration
• Business Acumen
• Managing Change --> Agile (NWoW)
• Regulatory Affairs and Regulatory Change Management
• Policy Drafting

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

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