• Job Description

  Req#: 280894
  !*!

  RESPONSIBILITIES

  Strategy

  Support Head, CFCC Governance to :

  • Ensure that Standard Chartered Bank's operations in the country are in line with regulatory expectations and Group requirements.
  • To set and implement the vision, strategy, direction and leadership, consistent with the vision and strategy for CFCC and in support of the Group'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.

  Business

  • Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
  • In conjunction with the relevant stakeholders, analyse the impact of regulatory compliance matters on the bank and its operations.
  • Use general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions and keeps the in-Country regulators updated on developments in the Bank’s

  Processes

  • Focal point for all Regulatory interactions of specific area during onsite and off-site inspection.
  • Maintain RBI relationship, monitor regulatory approvals, facilitate regulatory engagements, ensure compliance with relationship with regulators standards, build relationships with other regulators
  • Maintain and track regulatory commitments.
  • To coordinate with RBI, seek clarification and liaise with business stakeholders, track responses and escalate as and when required
  • Assist in building easy and efficient automated solution to bring efficiencies in the processes.
  • Maintain DOIs for the processes handled.
  • Work with the Head, CFCC Governance to manage and develop the relationship with the regulators in accordance with the Regulatory Relationship Plan.
  • Ensure the Bank is properly prepared for regulatory inspections and coordinating responses with the business.
  • Providing governance and oversight over the implementation of CFCC related policies and procedures in Country to ensure compliance with such policies and procedures.
  • Provide advice to relevant business & functions stakeholders on compliance with Group standards & regulatory matters relating to CFCC.
  • Provide Advisory Services to support functions like Information Technology, Human Resources, Finance and Third Party Risk Management.
  • Proactively monitor regulatory developments to manage the regulatory impact of complex regulatory matters on the Bank's business and its operations
  • Provide guidance on the proper application and interpretation of banking laws, regulations and policies applicable in Country.
  • In the event of serious regulatory breaches, or where risk tolerances have been breached, assist in critical workstreams in order to ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
  • Track significant issues arising from CFCC metrics, Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
  • Co-ordinate/support the management of audits/exams.
  • Act as (second line) Risk Control Owner under the Group’s Risk Management Framework for those aspects of Non Financial Regulatory Reporting and escalate as appropriate.
  • Disseminate regulatory circulars and notifications bank wide to help in timely implementation of the same
  • Send various updates to CMT /CNFRC/CRC / Region, presentation decks for senior management visits

  People & Talent

  • Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
  • To collaborate and build appropriate Compliance culture within the team and with Business stakeholders.

  Risk Management

  • Maintain oversight of risk mitigating action plans.
  • Apply Group and CFCC policies and processes to manage risks.
  • Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
  • Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
  • Map risks, quantify the potential impact and escalate where necessary.
  • Support in deciding Residual Risk Assessment.
  • Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
  • Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.
  • Ensure the Bank is properly prepared for, routine regulatory exams, audits and supervisory inspections, as well as to managing the response from the business.
  • Maintain workplans specific to Country CFCC projects/ initiatives, and communicate the same to stakeholders in a regular, timely fashion to inform and seek inputs.
  • Manage 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

  Governance

  • Attend relevant leadership meetings.
  • Support Head, CFCC Governance to provide senior oversight of Country CFCC function.
  • In the event of serious regulatory breaches, or where 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.
  • Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels
  • Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
  • Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the CFCC function.
  • Internal : Region CFCC; Group CFCC; Business; GIA;
  • External : RBI; Auditors

  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.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  • RBI prescribed responsibilities
  • Participate in the team to achieve the outcomes set out in the Bank’s Conduct Principles

  Key Stakeholders

  • Internal : Region CFCC; Group CFCC; Business; GIA;
  • External : RBI; Auditors

  Other Responsibilities

  • Here for good and Group’s brand and values in India;
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;
  • Multiple functions (double hats)

  Our Ideal Candidate

  • Education – Post Graduate – MBA/CA preferably
  • Training – Attended trainings on Compliance, Regulatory Affairs, Governance
  • Certifications – Certificate course on Regulatory Compliance, Code of Conduct( preferred)
  • Languages – English

  Role Specific Technical Competencies

  • Compliance Policies and Standards
  • Compliance Advisory
  • Compliance Review and FCC Assurance
  • Surveillance (including Screening and Monitoring)
  • Investigations
  • Compliance Risk Assessment
  • Regulatory Liaison
  • Manage Change
  • Manage Projects

  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 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.
  • Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

  Visit our careers website www.sc.com/careers

• About the company

  Read our interaction guidelines: https://www.sc.com/en/interaction-guidelines.html

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