Director, Business Risk Assessment & Advisory, FCR

Role : Director, Business Risk Assessment & Advisory, FCR Requisition ID : 54315 Job Details Job Summary To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours as well as our brand promise, Here for good. We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base. The successful candidate has a strong business acumen and understanding of “CFCC - Conduct, Financial Crime and Compliance Risk Analysis and Advisory”. The candidate is highly skilled individuals with Practioners level experience in CFCC risk assessment and monitoring, business risk advisory, regulatory and policy interpretation & compliance management, issue and event management and change risk management with exposure to product development, regulatory technology and innovation, data and analytics led risk management practices. This is a global role covering across the SCB footprint in Asia, Africa, Middle East, Europe, and Americas, covering multiple Businesses from Retail Bank, Private Bank, Affluent & Wealth Management, Transaction Banking including Trade & Cash, Banking and Financial Markets Business. Key Responsibilities The successful candidate is expected to: • Effect ongoing engagement and alignment among the second line to support functioning of the CFCC Target Operating Model. To discharge this responsibility well, the successful candidate should be a subject matter expert in MAS 626 and other regulators particularly from an advisory perspective and have a data analytics background. • You will be using your skills to assist all aspects of FCC in-country teams by extracting, interrogating, and analyzing the bank’s internal data sets to identify financial crime risk. You will support the Country FCC teams in becoming more data driven, working with financial crime analysts to design data queries responsive to the needs of individual cases and developing means of visualizing data to drive insights into the financial crime risk facing the bank. • Provide cover for the multiple initiatives and engagements that the Country Head of FCC must attend to. These include preparation for external forums such as the various AML / CFT Industry Partnership (‘ACIP’) working groups and internal forums such as the Financial Crime Risk Committee (‘FCRC’), Executive Risk Committee (‘ERC’) and Board Risk Committee (‘BRC’). • Support the Head FCC to influence the adoption of necessary enhancements and measures following outcomes of the various initiatives and engagements as stated above. Given the Target Operating Model (‘TOM’) of Conduct, Financial Crime and Compliance (‘CFCC’), the successful candidate has to skillfully engage, assess and challenge the adoption by the first line where appropriate and primarily influence via fellow second line colleagues. • Act as the key FCC advisory subject matter expert coordinator (in conjunction with the CFCC Business Advisory teams) to maintain oversight and conduct regulatory gap analysis of local regulators AML/CFT changes against Group requirements, and ongoing maintenance of related Policies and Standards. And as required, undertake thematic end to end desk top thematic reviews with CFCC Business Advisory teams for various business segments at the direction of the Country Head of FCC. In addition to knowing the relevant regulatory expectation and guidelines and internal framework, the successful candidate is expected to engage primarily with internal subject matter expert stakeholders. • Proactively engage fellow second line colleagues particularly on the adoption of new business strategies and like initiatives from a financial crime risk perspective. This requires the candidate to be interested in market trends and developments. • Support the Country Head of FCC to manage ongoing queries various business and functional units, perform annual exercises like the Enterprise wide risk assessment and Intermediaries attestation for ABC risk as well as partake thematic ABC projects and reviews in conjunction with the regional ABC team. • Support the Country Head of FCC with Regulator and/or related Authorities on FCC-related matters. • Support FCC control monitoring to drive and maintain a high quality of FCC activities undertaken, while aligning to the applicable regulations and guidelines. • Support the AML / CFT uplift program in close collaboration with internal and external stakeholders, focusing to strengthen the AML/ CFT controls, including the MAS. • Maintain oversight over the Rubik ASEAN Cluster FCC matters alongside key designated team members. Strategy • Provide support & input to Group/Region/Country/Client Business operating model design of relevant FCC and business processes. • Contribute to implementing the direction and leadership for the Country/Department, consistent with the vision and strategy for FCC and in support of the Group’s strategic direction and growth aspirations. • Contribute meaningfully to the realization of the country and cluster ambition to become a data-driven team. • Advise Country and Cluster management on potential barriers to better use of data and solutions to problems. Business • Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends. • Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC. providing timely, responsive and quality FCC regulatory compliance guidance. • Ensure that risk frameworks and associated standards are effectively communicated and understood by process owners. Processes • Working in close partnership with CFCC Governance, Business Advisory, FCC Case Investigation and Control Operations and other stakeholder teams: • Provide oversight over the determination of FCC-related policies and procedures • Provide advice (and including via CFCC Business Advisory) to relevant stakeholders on compliance with Group standards and Singapore requirements relating to FCC risks • Coordinate on governance related matters, in conjunction with CFCC Governance, including but limited to FCC Enterprise Wide Risk assessment, internal forum matters. People & Talent • Promote and contribute to an environment where knowledge exchange, continuous learning, agile, prioritisation, deadline management, streamlined workflows and collaborative work practices are the norm. • Promote and embed a culture of openness, trust, and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm. • Execute through example, build, and influence the appropriate culture and values. Maintain strong relationships with the wider Professional Services team, Countries, Business and CFCC Risk Managers encouraging collaboration. • Provide constructive development feedback at business, function, country, and individual level as appropriate on CFCC matters. • Contribute materially to the exchange of knowledge, best practice and lesson learned across the network between Professional Services and CFCC colleagues especially in relation to regulatory risks and compliance with relevant regulations and internal policies/standards. • Transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviours. • Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm. • Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm. Risk Management • Deliver the defined aspects of the Professional Services role to support the Group’s CFCC risk management approach and objectives. • A full understanding of the risk and control environment for CFCC risks. • Supports efforts to ensure the effective management of CFCC matters management of regulatory issues that have a significant impact on the Bank and support relevant stakeholders to respond to regulatory questions. Collaborate with relevant Business, Risk and CFCC stakeholders to work towards holistic risk management across client segments / products risks. • Understand technical aspects of systems relevant to CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management • Provide advice (typically via CFCC Advisory) on the application of risk management frameworks (e.g. ORF, GRA) • Apply Group and SG FC policies and processes (AML surveillance, client screening, risk assessment) to manage risks • Make recommendations (and/or implement) to relevant stakeholders (typically via CFCC Advisory) on possible risk management responses to identified risks and/or findings of concerns from investigations. • Advise relevant stakeholders on outcomes of FC risks identification and assessment methodologies. • Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews. • Determine applicability and priority of Issues and Events triggered internally / externally, perform root-cause analysis, and perform look-across analysis. Establish unified Issue & Event management across all lines of defence. • Validate CFCC applicability of Change Risk Assessments. • Take a leading role in the proposal of control improvements, enhancements and simplifications related to processes that manage CFCC risk, where appropriate. • Collaborate with Business and CFCC Risk Managers to work towards holistic risk management across client segments / products risks. • Liaise with the internal audit and CFCC Assurance functions to ensure that any CFCC weakness identified by the internal audit function relating to the Professional Services function, including oversight of risk acceptance and/or mitigating action plans. • Collaborate with the other CFCC teams to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct or business. Governance • Develop appropriate risk-based compliance framework for identifying, assessing, managing, monitoring, mitigating, and reporting CFCC risks. • Develop or assist in developing and recommend appropriate Risk Assessment standards across CFCC risk types, meeting all Compliance requirements. • 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. • Support the management of end-to-end lifecycle of audit, assurance, and regulatory reviews, in relation to Professional Services, including tracking, remediation and preparing lessons learned from such reviews. 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. Key stakeholders • CFCC • Audit and 2LA • Legal • Regional and Group FCC • First line Business Units • Fraud Risk Management • FCSO and FCC ACT Investigations • Country and Group Technology • Country Senior Management of relevant Committees, including the CEO / CEO’s Office Other Responsibilities • Embed Here for good and Group’s brand and values in the Professional Services Risk Insights team. • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures. Skills and Experience • 15+ overall working experience, Banking or Financial Institution or Regulator or Fintech or equivalent industry • 10+ years in at least one of the below • 5+ years of advanced practitioner level experience in Conduct or Compliance or Financial Crime Risk management, and/or • Conduct & Compliance Risks • Data Risk • Conflict of Interest • Non-Financial Regulatory Reporting • Regulatory Conduct • Market Conduct • Client Conduct • Financial Crime Risks • Anti-Money Laundering • Anti-Bribery & Corruption • Sanctions • Fraud (Internal and External) • 4+ years of advanced practitioner level experience in Business or Product or Operations Risk Management with exposure to Conduct or Compliance or Financial Crime or Control Oversight in a front or first-line role, and/or • 3+ years of advanced practitioner level experience in adjunct or interconnected risk operations disciplines (e.g., Financial Crime Risk Surveillance Operations, Compliance Surveillance Operations) Other important Experience: • 3+ years of extensive experience • Well versed with tools and techniques of analysing potential risk exposures • Understanding of effective communication skills. • Understanding of best practice risk assessment techniques and risk management frameworks. • Understanding of the key features of relevant laws and regulations relevant to the Group • Sound judgement on business practices, regulatory relationship management and reputational risk, • Ability to balance both detail oriented and big picture perspectives. • Ability to collaborate and work dynamically across functions. Other important Experience: • We value your practical and hands-on experience in the above domains . • Any industry certifications in the CFCC domain are most welcome (e.g., ACAMS, ICA). • Any industry certifications in the Business or Product domain are most welcome Role Specific Technical Competencies • Business Acumen, Product and Operations • Business Ethics • CFCC Risk Management • CFCC Risk Advisory • Leadership (Influencing and Inspiring) • Managing Change • Data gathering, analytics and insights • Enterprise and Operational Risk Management • Collaboration and Stakeholder Management • Regulatory Environment – Financial Services