Associate Director, CFCC Assurance

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - 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.

Purpose:

Conduct, Financial Crime & Compliance (CFCC) are here to enable sustainable business: delivering the right outcomes for our clients and our markets by driving the highest standards in conduct, in fighting financial crime, and in compliance.

Responsibilities:

Strategy

• Collaborate with and support their Head of Assurance or Head of Team, directly contributing to the overall strategy of the function through the development of the CFCC Assurance Annual Plan ("the Plan").
• Proactively identify and communicate emerging CFCC risks as input to any periodic review of the Plan .
• Contribute to any development of the CFCC Assurance Methodology ("the Methodology") as necessary; ensure that approved changes to the Methodology are communicated and cascaded to team members in their area of responsibility.

Business

• When assigned to lead a Review, communicate outcomes to relevant stakeholders and support them in developing mitigating actions to correct identified issues.
• Execute assigned review tasks within the designated business area; identify and record potential issues and ensure that these are formally evaluated according to the Methodology.
• Actively engage in the Review processes, taking every opportunity to develop their knowledge and understanding of SCB Business and the execution of Assurance while delivering their tasks.
• Ensure that key changes (to laws, rules, regulations) relevant to the execution of Assurance activities are communicated and cascaded to team members in their area of responsibility.

Processes

• In coordination with Program Team, fully engage in the collection of the relevant information to develop risk-based assurance reviews, participate in the 1st and 2nd Line Stakeholders discussions, gather 1st and 3rd line testing, analyse the CC CRA, review Region Heads Bottoms Up Plan to deliver consistency and efficiency across the consolidated plan
• M anage all scoping and set up processes either under the supervision of a review lead or directly where leading a review.
• Lead and direct the end to end execution of Reviews (and any other tasks), as required by the Methodology.
• Ensure that all work papers required for their assigned areas of responsibility are completed to required quality standards.
• When assigned to lead a Review, ensure that completed reviews are correctly closed, and that all documentation is correctly filed, as required by the Methodology.
• As required by the Methodology track issues throughout the issue lifecycle, capture and track the issue data in the relevant tracking tool and ensure the remediation of issues arising from assigned Reviews (and any other assigned task) is sustainable and validated before closure. In the event of a serious regulatory breach, or where risk tolerances have been breached, ensure their Head of Assurance is informed, and action is taken quickly to remediate - or related activities are ceased.
• Work with their team to identify and propose control enhancements and / or simplifications where appropriate; support all control checks required under the Operational Risk Framework ("ORF").
• Promote CFCC Assurance co-operation and partnership with Auditors, regulators, peers and industry.
• Monitor quality standards for Review activities within their area of responsibility; recommend action to drive performance improvement where required.
• Capture and communicate insights arising from Review execution; actively engage in driving improvement of the Methodology.
• Drive skills management processes for managed staff, ensuring skills assessments are correctly completed and maintained.
• When assigned to lead a Review, ensure the timely release of Review team members to their next task; actively manage assigned resources to ensure that tasks are completed on schedule; work closely with G&O to manage unexpected resource requirements.
• Follow the spirit of the core principles for travel and expenses.
• CFCC Assurance fieldwork may require international travel for extended periods of time.

People and Talent

• Provide leadership, management and coaching to direct reports (where necessary) to ensure they are highly engaged and performing to their potential.
• Provide leadership, management and coaching of individuals allocated to support the execution of reviews. Lead and manage those individual's performance to deliver the required review activity on time and to the required standards. As necessary engage the individuals line manager and provide appropriate feedback for performance purposes.
• Promote and embed a culture of openness, trust, and risk awareness where ethical legal, regulatory and policy compliant conduct is the norm.
• Stimulate and environment where forward planning prioritisation, deadline management and streamline workflows and collaborative, inclusive effective work practices are the norm.
• Support the development of a robust and evolving training curriculum across the team and ensure team are undertaking required developmental learning.
• Take responsibility for own personal development and complete all mandatory training as required in line with the Banks principles and guidelines.
• Ensure reporting staff complete and apply all mandated training.
• Ensure that all of their reporting staff have clearly articulated JDs, and thoroughly understand their role and responsibilities.
• Effectively manage staff for whom they are responsible, ensuring that all required people management tasks are completed in a thorough and timely way, including objective setting, appraisals and the P3 process.

Risk Management

• Support the development of capability to provide Assurance across all CFCC risk types.
• Adhere to the required standards of risk management for the management of all Assurance processes.

Governance

• Ensure that work delivered in their area of responsibility follows prescribed workflows and meets quality standards for the Assurance function with the required attention to detail and within the timelines set.
• Swiftly escalate significant risks and issues arising from Assurance activities by notifying their Head of Assurance.
• Provide accurate, timely and insightful reporting on CFCC standards and operational performance as identified through oversight and assurance activities.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group's Values and Group Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Support their Head of Assurance or Head of team in achieving the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Heads, Group Internal Audit.
• Country Risk & Compliance teams.
• Business Heads/Functional Heads for relevant reviews
• Governance and Oversight Team
• CFCC Assurance Management Team

QUALIFICATIONS:

• Bachelor's degree or Equivalent required
• Auditing, Risk Management, Compliance background required
• Understanding of Conduct Risk Framework and Conduct Risk
• Proficiency with Microsoft Office Products
• Experience interpreting regulatory rules applicable with Conduct lens
• Experience performing walkthroughs, risk assessments of the internal controls environment, performing controls and substantive testing
• Excellent verbal and written communication skills
• Comprehensive knowledge of banking and investment product across client segments
• Multi-cultural awareness and sensitivity
• Strong team player
• Good knowledge of regional regulatory requirements, including recent regulatory reform
• Previous review or assurance experience with minimum of 2-5 years (compliance or audit reviews, operational risk reviews or testing, risk management)
• Strong analytical skills, and confidence in interrogating data, processes and interviewing stakeholders.
• Excellent oral and written communication skills - ability to present complex information clearly and concisely
• Highly organised individual, with ability to multi-task.
• Driven to ensure that activities are completed to a high standard and to schedule.
• Proactive and creative approach to work, self-motivated and pragmatic.
• Takes responsibility, ownership and accountability for own tasks and work output.

Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.