Director, Global Functions, Advisory
Purpose
This is a senior role within the CFCC (Conduct, Financial Crime and Compliance), Advisory team supporting Global Functions.
The Compliance function is the Risk Owner for the management of Client conduct, Market conduct, Regulatory conduct, Data conduct, Conflicts of interest and Non-Financial Regulatory Reporting.
The role has a global remit for compliance oversight over all functions of the Bank including, but not limited to Risk, HR, Technology, Finance, Treasury, Legal, Corporate Affairs etc
The initial focus of this role is to ensure the management of Data conduct related risks within Functions with a special emphasis on ongoing management of the global risk in Functions and monitoring treatment plans for risk reduction, partnering with first line functions to meet the above objectives.
The core purpose of the role will be to: -
- From a second line perspective, lead initiatives to embed, simplify and streamline the management of non-financial risk, with an initial emphasis on data conduct risk
- Evaluate data risk through oversight of RCSA (Risk and Control Self-Assessment) process performed by first line, key controls, and metrics
- Evaluate the reasonableness of remediation/ treatment plans for the management of compliance risks
- Undertake independent reviews to determine the effectiveness of controls at global, regional and for select countries
- Be fully abreast of key developments in the external environment affecting compliance risks such as key regulations, risk events, new technologies etc. and their applicability to the management of risk in global Functions
- Enable holistic risk management supporting implementation of stronger, rationalised and more efficient controls, across different risk-areas by driving greater first-line ownership of all compliance risk types
- Build a proactive and future focusses in managing risk through metrics, insights, and use innovation and technology tools
Strategy
- Contribute to the development of the Functions strategic plans to manage compliance risk in alignment with risk appetite.
- Contribute to the design/ redesign of the data risk management strategy and framework from a second line of defence perspective
- Responsible for ensuring relevant regulatory and industry good practice elements are embedded appropriately in the framework.
- Contribute to ensuring that relevant controls are rolled out effectively across the Functions
Business
- Be aligned to the Functions' strategy and key initiatives to buy down risk
- Externally focused and able to respond rapidly to changing regulatory, stakeholder and business needs.
- Provide robust challenge to senior management and other 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
- Act as a principal point of contact for relevant data related frameworks matters
Processes
The role holder shall work with peers in CFCC and across the three lines of defence to establish an effective approach to risk management.
- Ensure that the treatment plans to reduce elevated risk in select processes are met, through selective testing of evidence and new controls
MI and Performance Management
The role holder shall define what MI is required to enable discharge of their responsibilities, and shall propose what MI would be additionally to identify and mitigate compliance and data conduct risk
The role holder shall prepare analysis reports as required to evaluate data risk as a continuum
People and Talent
- Define an organisation structure aligned and scaled to the risk control needs of the business.
- Responsible for building a culture of good conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Group. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Risk Management
- Escalating serious regulatory breaches or where risk appetite has been breached to senior management for regulatory notification as appropriate.
- Ensuring proactive and timely dissemination of regulatory changes/practices and associated risks, and proactive engagement in regulatory reform.
Regulatory and Business Conduct
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Group. This includes understanding and ensuring compliance with, in the letter and the spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate, and resolve relevant risk matters.
Key Stakeholders
Functions CFCC Leadership
Chief Data Officer/ team
CFCC Data Conduct team
Functions COO
Technology and Transformation
Our Ideal Candidate
- 12+ years' experience in Non-Financial Risk management, with 5+ years in Compliance risk management, preferably with 2+ years in Data risk or another compliance risk specialisation
Preference for candidates from Banks or Financial Institutions, Insurance, Consultancy (specialist in Compliance for Banking and Financial Services), FinTechs and Big Techs
- Recent experience in management of Data risk with expertise on Data Sovereignty, Artificial Intelligence, Privacy & Secrecy, Data Quality and Records Management risk types is preferred but not mandatory
- Knowledge of thematic regulatory landscape and major international regulations impacting given compliance risk types, including initially over the collection, storage, sharing, and record management of data, including personal data
- Proficient in designing MI and dashboards to evaluate and manage compliance risk
- Background in working in 2nd line Compliance / Operational Risk / Enterprise Risk Management
- Comfortable dealing with ambiguity, ability to provide direction and leadership
- Ability to collaborate and work dynamically across a broad range of stakeholders
- Strong understanding of agile ways of working and delivering transformation
- Strong understanding of automation and digitisation technology capabilities
- Strong interpersonal, relationship building, and influencing abilities
- Ability to manage geographically dispersed stakeholder base with multi-cultural awareness and sensitivity.
- Highly disciplined, structured with an outcome orientated mindset and approach
- Excellent written and verbal communication and presentation abilities
- Sound judgement on risk framework and standards matters
- Exemplary integrity, ethics, independent and resilience
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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