Executive Director, - Singapore - Standard Chartered

Standard Chartered

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

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Description

Job:
Governance, Risk Management & Compliance

Primary Location:
Asia-Singapore-Singapore

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 20/Nov/2023, 12:25:44 AM

Unposting Date: 04/Dec/2023, 12:29:00 PM

The Role Responsibilities

A key Group Advisory role is based in Singapore providing Conduct, Financial Crime Compliance (CFCC) advice and support to our Digital Channels and Data Analytics (DCDA) vertical which is part of Corporate, Commercial and Institutional Banking (CCIB) Business. The role is at the heart of our continued transformation of the organisation to be Digital first and Data driven.
An exciting opportunity that involves working alongside the business on in two fast moving areas (Digital and Data) that are key in the evolution of the financial services industry. It is a global role and the job holder will have firsthand insights to the future leading Digital and Data initiatives whilst providing effective oversight and challenge.

Strategy

Support and implement the vision, strategy, direction and leadership for DCDA CFCC, consistent with Chief Compliance Officer, CFCC Advisory, DCDA's vision and strategy for the Compliance function and in support of the Bank'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 within the DCDA business.
Proactively support and effectively challenge the delivery of the DCDA business strategy within the bank's risk appetite and in compliance with the relevant risk type frameworks.
Provide support to and coordinate with Regional and Country CFCC teams that support DCDA.
Support and challenge the Business in management of nonfinancial risks, adhering to nonfinancial risk frameworks and embedding good risk culture and knowledge across the DCDA business.

Risk Management

Ensure effective management of all CFCC matters and, in collaboration with the rest of the team, effectively manage the oversight and challenge of regulatory issues that have impact on the Bank.
Assist the Global Head CFCC Advisory DCDA to collaborate with the other compliance colleagues to anticipate horizon risks that may have a significant impact on DCDA and the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct of business.
In the event of serious regulatory breaches, or where risk tolerances have been breached, support the escalation to senior management in the Bank and relevant regulators.
Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform.
Support the Global Head CFCC Advisory DCDA to provide reports, as required to relevant Group and Business risk and control committees and management group on key compliance risks and issues.
Support delivery of annual CFCC Risk Assessments, including the Compliance Risk Assessment (CRA), Product Risk Assessment (PRA), Global AML, ABC and Sanctions Risk Assessments.

People & Talent

Demonstrate the appropriate culture and values consistent with expectations of Global Head CFCC Advisory DCDA. Set appropriate tone and expectations in collaboration with risk and control partners.
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.
Provide ongoing training and development to ensure that team members are competent, suitably skilled and qualified for their roles, ensuring that they have effective supervision in place to mitigate any risks.
Assist CFCC, DCDA teams in regions and countries to understand the objectives/ deliverables in respect of DCDA initiatives; and actively engage business in their respective regions and countries.
Provide constructive developmental feedback at business, function, country and individual level as appropriate.
Drive engagement and performance of CFCC DCDA teams.

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.
Support the Global Head, CFCC Advisory, DCDA to lead the function to achieve the outcomes set out in the Bank's

Conduct Principles:
Fair Outcomes for Clients; Financial Crime Prevention; Creating the Right Environment.