Compliance & Ops Risk Lead, Libeara Venture, Scv - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

3 days ago

Posted by:

Wei Jie

beBee Recruiter

Description

Job:
Ventures

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 20/Feb/2023, 2:58:22 AM

Unposting Date: 22/Mar/2023, 6:59:00 PM

The Role Responsibilities

Regulatory Relationship Management

Serve as the Venture's primary point of contact for all regulatory compliance matters.
Support the Venture's regulatory communication plan to maintain an excellent relationship with the regulators through close and regular dialogues to provide updates and drive resolution of issues.
Regulatory and Product Risk Management
Establish and implement robust Conduct, Financial Crime and Compliance (CFCC) risk governance and oversight processes to ensure that the Venture meets its CMSL and regulatory obligations.
Design and implement policies, standards, and internal controls to ensure CMSL and regulatory requirements are satisfied and followed.
Implement and maintain a robust customer due diligence/know your customer programme for the onboarding of new customers and regular review of existing customers to comply with Anti-Money Laundering /Combating the financing of terrorism and Sanctions requirements.
Support internal and external reviews/audits from regulators, audit partners and the Bank.
Provide key stakeholders with the advice necessary to ensure that the Venture operates in accordance with relevant local regulatory requirements and the code of conduct to protect and enhance the reputation of the Venture and ultimately the Bank
Ensures entity and product level compliance with laws, regulations and Venture policies through a detailed understanding of local regulatory requirements.
Develop a compliance plan through an effective process of risk identification, assessment, mitigation to achieve entity compliance, include close engagement with SCV CFCC to put in place processes for monitoring of ongoing compliance.

Operational Risk Management

Establish and implement robust Operational Risk Framework and establish necessary controls, governance and oversight processes to ensure that the Venture meets its operational risk requirements and regulatory obligations.
Implement the Venture's risk assessment framework to assess the Venture's inherent CFCC risks and control measures
Provide key stakeholders with the advice necessary to ensure that the Venture operates in accordance with relevant operational risk requirements and include close engagements with SCV Operational Risk to put in place a robust risk framework
To report to the CEO and / or the board members on any material risk failures.

Stakeholder Management

Proactively engage with key stakeholders to ensure that the Venture's compliance agenda and priorities are aligned and that compliance risks are duly considered and addressed in the implementation of the Venture.
Provide training on the relevant law and regulations to team members of the Venture and SCV

Key Stakeholders

SCV CFCC
SCV Operational Risk
Libeara CEO / COO

Role Requirements

7 plus years' experience across regulatory and compliance
Experience in dealing with regulatory and compliance requirements for a CMSL (regulated by the MAS) will be seen as advantageous
Experience in developing compliance programmes
Knowledge with the Bank's operational Risk framework preferred
A plus to have experience on advising on regional regulations (Southeast Asia)
A legal background, and any accompanying experience, will be looked at positively
Curiosity, pragmatism and independence
Sound knowledge of local laws and regulations. Knowledge of those pertaining to a CMSL (regulated by the MAS) will be seen as advantageous
Strong interpersonal and communication skills
Ability to manage the relationship with relevant government and regulatory stakeholders, to understand their concerns and communicate effectively to deliver optimal outcome
Providing guidance, advice, and/or training, to improve the Venture's understanding of relevant laws and regulatory requirements
Knowledge of business areas and products and the relevant regulatory requirements that apply
Ability to collaborate and work dynamically
Ability to effectively prioritise multiple tasks in a highpressure environment
Exemplary integrity, ethics, independence, and resilience
Strong project management and organisational skills
Advanced analytical skills
Ability to handle sensitive matters at all levels of the organisation with discretion and confidentiality

About SC Ventures
SC Ventures ("SCV") was established in 2018 with the purpose of "Rewiring the DNA in Banking" by bringing three distinct areas together:

The eXellerator Lab, enabling innovation at large in Standard Chartered (the "Bank") by supporting intrapreneurs and their ideas, collaborating with fintech's through the SCV Fintech Bridge and engaging with clients and co-creation ideas.
The Inves