Associate Director, Volcker and Swap Dealer 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:

• Support the global Volcker and Swap Dealer Compliance Team initiatives with a specific focus on 1) U.S. Volcker Rule (e.g., prohibitions on impermissible proprietary trading and investment in / sponsorship of covered funds ), and 2) U.S. CFTC Swap Dealer and U.S. SEC Security-Based Swap Dealer Rulemakings and related compliance requirements (all of which activities are global in nature).
• As front line control function, ensure execution of the regulatory and compliance processes across businesses under the purview of Swap Dealer Compliance (FM, WMPS, TM, etc.), including identification of real or emerging risks to the regulatory framework in response to changes to business and/or the regulatory environment.
• Support and implement the vision, strategy, direction and leadership for CFCC Advisory, Business Risk Frameworks, with a focus on Volcker and Swap Dealer Compliance initiatives.
• 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 valuable regulatory compliance support, advice and guidance to enable the business and functions to meet and achieve their strategic objectives.
• Assist business and functional stakeholders with the BAU implementation of relevant processes and standards, especially those dealing with staff (trainings, designations).
• Work collegiately with other Compliance colleagues as well as business and function stakeholders.
• Responsible for a number of compliance processes including but not limited to performing control checks (CSTs, KCIs, etc), verification checks, training related processes (tagging, delivery, tracking of completion and certifications), recordkeeping and management information (e.g., forum/pack production) related processes.
• In the Volcker Compliance space, assisting with monthly Volcker Trading Desk review cycles, and periodic Affiliate + Covered Funds documentation and assurance processes.
• Assist to coordinate and support periodic internal audits and regulatory examinations.
• Assist in the identification and escalation of actual or emerging breaches and gaps.
• Assist with remediation efforts due to gaps identified by Compliance, Assurance, Audit and/or regulatory exams.
• Perform other responsibilities assigned on an ad hoc basis from Volcker or Swap Dealer Compliance or CFCC, Business Risk Frameworks.

Qualifications:

• Minimum of 5 years in the Financial Services Industry.
• Product Knowledge: possesses at least a moderate level of product knowledge regarding Foreign Exchange, Rates, Credit, Commodities, Equity and other market-traded (as well as banking/financing) products.
• Regulatory Knowledge: working knowledge of US Dodd-Frank regulation with focus on CFTC Swap Dealer and/or SEC Security-Based Swap Dealer rules strongly preferred.
• Compliance Skills: existing experience with (or strong capacity to learn) risk identification, risk assessment, controls development, training, monitoring and reporting.
• Microsoft Excel: possesses intermediate to advanced Microsoft Excel skills required to work with existing (and develop new) controls and processes over time. While some Excel skills may be taught on the job, the ideal candidate will be familiar with basic formulas and functionalities including Vlookup , SumIf , varying forms of data concatenation / delimiter functionality, and VBA.
• Analytical Skills: possesses an inquisitive mindset with the ability to think outside the box, ask critical questions, and trust but verify responses in an adequately professional manner which can be well documented for recordkeeping purposes.
• Core ability to analyse a wide array of varying trading activities and circumstances versus the legal text of the Volcker, CFTC Swap Dealer, SEC Security-Based Swap Dealer and Volcker rules (with the support and guidance of senior team members, and noting these rules can be taught over time as applicable to specific processes and tasks).
• Prior working experiences Regulatory Compliance, Product Control, Market Risk, Finance, or a similar role a plus (but not required)

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

Keyskills :
financeadvisorycompliancereportingcustomer relationsms excel pivot tablesmarket risktrading deskrisk assessmentrisk frameworksforeign exchangeproduct knowledgefinancial servicescompliance supportrisk identification