Analyst, Central Compliance

Job Description

*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. Its 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. Were 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 Role Responsibilities

• Help the Group meet its commitment of being Here for Good by building a sustainable compliance framework that places regulatory and compliance best practice standards, and a culture of appropriate conduct at the forefront of the Group s agenda
• As an independent second line risk control function, execute the relevant aspects of the Compliance framework through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the Group s business.
• Proactively support and challenge the Group s businesses and functions to exhibit appropriate conduct, comply with regulatory and compliance requirements and strive to achieve fair outcome for the Group s clients.
• Evaluate the effectiveness of the Group s compliance efforts.
• Support the management of the regulatory relationships with each of the regulators, whose rules the Group is subject to.
• Assist relevant Compliance heads to interface with and support all key business stakeholders.
• Maintain independence, deliver timely responses, and timely escalation of risks and issues where they feel risk management tolerance of the firm are exceeded.
• Assist with policy, procedure, and strategic initiatives relating to Gifts and Entertainment ( G&E ).
• Review and/or approve requests in accordance with SCB Group s policy requirements related to G&E
• Respond to ad-hoc employee queries and provide advice (via telephone and email) regarding G&E based upon the department operations instructions manual.
• Carry out monitoring and assurance activities over G&E processes
• Create and analyse various management information reports related to G&E.
• Identify areas for improvement and suggest process/system enhancements

Strategy

• 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

• Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality regulatory compliance advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
• Provide regulatory advice, analysis (and challenge when appropriate) in relation to the full product life cycle including product design through to post sale reviews/ assessments, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), transitional investigations.
• Provide robust challenge to senior management and all relevant business 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.
• Work closely with the business to provide timely regulatory compliance advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive compliance and conduct risk mitigation.
• Regular and diarised catch ups with all key business stakeholders.

Processes

• Establish and maintain effective processes (including training, advice and support) to ensure that policies, procedures and standards related to G&E to address compliance risks (excluding financial crime) are effectively implemented and adhered to across compliance control room matters.
• Provide support and challenge to the Bank s senior management to ensure that they establish and monitor appropriate processes for compliance with compliance policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).

Risk Management

• In collaboration with relevant senior managers, support a programme for compliance monitoring, surveillance and assurance for G&E related matters.
• Ensure effective management of compliance matters, and in collaboration with the rest of the Compliance team, effectively manage regulatory issues that have a significant impact on the Bank.

• Collaborate with the other Compliance 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 of business.

• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management in the Bank and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased. Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform. Assist and work closely with Shared Investigative Services (SIS) in relation to investigations concerning compliance control room related matters.
• Provide reports to relevant Group and Business risk and control committees and management group on key compliance risks and issues.
• Maintain adequate management MI / trackers across all aspects of their coverage and responsibility to ensure all issues and matters are tracked, followed, regularly assessed and reported on.

Governance

• Within the Groups overall Risk Management Framework, establish and maintain appropriate risk based compliance frameworks for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory and financial crime) risks across compliance control room related matters.
• Develop and recommend (for approval by the relevant Risk Committee), appropriate compliance policies and procedures.

Regulatory & Business conduct

• Display exemplary conduct and live by the Group s Valued Behaviours 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 Central Compliance team to achieve the outcomes set out in the Bank s Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets, Financial Crime Prevention; Creating the Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

• Prudential Regulation Authority, Financial Conduct Authority and other key regulators of the Group
• Senior Business Management
• Group General Counsel
• Group COO
• Group Risk
• Group Operational Risk
• Group Internal Audit

Other Responsibilities

• Embed Here for good and Group s brand and valued behaviours.

Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.Our Ideal Candidate

• Include relevant qualifications for the role

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.,

Keyskills :
product life cyclerisk management frameworklife cyclecontrol roomrisk controlnew businessproduct designrisk managementcrime preventionsenior managementfinancial markets