Job: Compliance

Primary Location: Asia-Thailand-Bangkok

Schedule: Full-time

Employee Status: Permanent

Posting Date: 06/Nov/2022, 9:03:52 PM

Unposting Date: Ongoing

The Role Responsibilities
Strategy

• To help the Bank meet its commitment of being "Here for Good" by building a sustainable framework that places CFCC best practice standards, at the forefront of the Bank's agenda.
• Proactively develop regulatory relationships with regulators in Country through a structured engagement programme with consistent adherence to regulatory expectations. Any FCC related notifications / reports made to a regulator should be sent to the Country Head, FCC for filing.
• Maintain Compliance and FCC Obligation register to ensure the Bank's operations are in line with local regulatory expectations and Group requirements.
• Promote the culture and practice of compliance with 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

• Execute the relevant aspects of the Compliance, Conduct and Financial Crime Principal Risk Types 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 function.
• Proactively support and challenge the Bank's businesses and supporting functions to exhibit appropriate conduct, comply with regulatory and compliance requirements and strive to achieve fair outcome for the Bank's clients.
• Deliver timely responses and escalation of risks and issues where the management tolerance is exceeded.
• Maintain constructive and effective stakeholder relationships with the relevant business and supporting functions and assist the Head of CFCC Advisory and Governance to interface with and support all key stakeholders.
• 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, regulations, laws, best practices and policies related to CFCC
• In conjunction with the relevant stakeholders, analyse the impact of regulatory compliance matters on the bank and its operations.
• Supporting the management of regulatory relationships with all the Bank's regulators, whose rules the Bank is subject to and ensure key changes (to laws, rules, regulations) and communicated and cascaded in coordination with group communications.
• Drive high standards of regulatory compliance and deliver key priorities and initiatives, aligned to the performance scorecard.
• Anticipate, assess and communicate key regulatory risk trends in Country for management consideration and drive the development and implementation of appropriate mitigation control measures
• Use general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions and keep regulators updated on developments in the Bank's business

Processes

• Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOls to address CFCC risk, aligning with relevant regulatory requirements. This will include overseeing implementation of Group FCC policies and standards through the Country Addenda process as outlined in the ERMF. All deviations, including those through the Country Addenda process, should be endorsed by the Country Head, FCC.
• Provide governance and oversight over the implementation of CFCC related policies and standards to ensure compliance.
• Provide advice to relevant business & functions stakeholders on compliance with Group standards & regulatory matters relating to CFCC. This includes coordinating/supporting on regulatory projects to ensure they are implemented successfully.
• Proactively monitor regulatory developments to manage the regulatory impact of regulatory matters on the Bank's business and its operations. Actions that would lead to potential non-compliance with local FCC regulations should be escalated to Country Head, FCC.
• Co-ordinate/support the communications from/to regulatory authorities including bank associations. Ensure end-to-end life cycle of communications is managed appropriately e.g., cascaded to relevant stakeholders and responded to regulators in a timely manner.
• Provide guidance on the proper application and interpretation of banking laws, regulations and policies
• Set control standards and provide advice on the development of appropriate controls for the mitigation of regulatory risks.
• Assist in overseeing relevant administration licensing and in-Country regulatory requirements; and provide supports to the relevant processes.
• Assist in regulatory reporting submissions.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, assist in critical workstreams to ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased. Breaches in FCC risk should be escalated to the Country Head, FCC.
• Track significant issues arising from CFCC metrics, Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• Prepare and cascade lessons learned from audit findings, assurance activities and specific investigations.
• Support all control checks undertaken by CFCC under the Operational Risk Framework (ORF).
• Perform 2nd line testing on regular Compliance and FCC-owned process and controls; including ad hoc reviews in response to regulatory requests or business identified weakness. Implement quality assurance standards and workflows for the CFCC processes.
• Co-ordinate/support the management of regulatory requests and audits/exams (including both internal and external exams). This includes end to end support (e.g., Fieldwork, Data Request, Action Tracking, Issue Closure) and tracking and follow up on Compliance and FCC Issues.

People and Talent

• 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

• Identify audit observations raised in other jurisdictions and perform self-assessment to identify local Compliance and FCC risks and raise these as self-identified issues in EORP with actions plans.
• Maintain oversight of risk mitigating action plans.
• Provide advice on the application of risk management frameworks (e.g., Operation Risk Framework, Group Risk Assessment).
• Apply Group and CFCC policies and processes to manage risks.
• Make recommendations to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
• Conduct country risk assessment, including those that are FCC related (i.e., Group Risk Assessment (AML, Sanctions, ABC)
• Define metrics and/or key risk indicators (KRI) for CFCC, as well as managing the production Risk Appetite metrics, BCBS 239, Stress testing, etc.
• Manage/support Operational Risk (OR) matters in relation to CFCC, including escalation of OR issues, reporting to relevant oversight committees/meetings, liaison with overseas hubs on OR issues and training for CFCC
• Coordinate and manage Compliance and FCC Outsourcing Requests and Notifications

Governance

• Attend relevant meetings.
• Periodic reporting and timely escalation of significant risks and issues arising from CFCC Monitoring and Assurance activities.
• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
• Provide relevant reports/updates to governance/risk committees/forums.
• Act as Country FCRC Secretariat (prepare deck/appendix/MI /minutes/track actions); preparation and oversight of other risk committee papers (i.e., Country ERC); collate, analyse and interpret data in reports for 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. This should include a Regional CFCC dashboard to consolidate all Compliance and FCC related metrics, root causes for breaches and actions plans to bring these back into compliance.

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.
• Achieve 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.
• Support relevant stakeholders to respond to regulatory questions

Key Stakeholders

• Regulators
• EXCO members including members in relevant Businesses and Functions
• Country Head of FCC
• Country Risks/ Operational Risk
• Regional Compliance Teams including Group FCC Assurance
• Group Internal Audit

Other Responsibilities

• Embed Here for good and Group's brand and values in Thailand
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

• Role Specific Technical Competencies
• CFCC Policies and Standards
• CFCC Advisory
• CFCC Review and CFCC Assurance
• Surveillance (including Screening and Monitoring)
• Investigations
• CFCC 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.

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