Director, PvB CFCC Director, PvB CFCC …

Standard Chartered Bank
in London, United Kingdom
Permanent, Full time
Be the first to apply
Competitive
Standard Chartered Bank
in London, United Kingdom
Permanent, Full time
Be the first to apply
Competitive
Standard Chartered Bank
Director, PvB CFCC
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.

The Role Responsibilities

Strategy
  • Input to UK Private Bank operating model design of relevant CFCC and business processes.
  • Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the Country for necessary CFCC controls within the Private Bank.
  • Support the setting and implementation of the vision, strategy, direction and leadership for the Country, consistent with the vision and strategy for CFCC and in support of the Group's strategic direction and growth aspirations.
Business
  • Analyse comprehensive impact of regulatory matters on the relevant business area and its operations. This includes Group policies and procedures as well as UK-specific regulatory change.
  • Ensure that key changes (to laws, rules, regulations) are communicated and cascaded in country, in coordination with group communications.
  • Support relevant stakeholders to make risk-based 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 CFCC.
Processes
  • Develop, keep up to date and recommend for approval by the relevant Risk Committee appropriate policies/processes/DOIs to address Compliance risks, aligning with relevant regulatory requirements.
  • Providing governance and oversight over the implementation of CFCC-related policies and procedures in PvB UK to ensure compliance with such policies and procedures.
  • Provide expert advice to relevant stakeholders on compliance with Group standards relating to all CFCC related matters including complex technical conduct compliance related enquiries.
People and Talent
  • Provide coaching and engage in cross-training of other members of the CFCC Advisory team to ensure they are highly engaged and develop them to be able to execute on complex CFCC advisory matters.
  • 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.
  • Collaborate with training teams to input to training curriculum to support closing of capability gaps.
  • Ensure staff in Private Bank UK have clearly articulated and well understood roles and responsibilities in respect of CFCC
Risk Management
  • Maintain oversight of risk mitigating action plans.
  • Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
  • Apply Group and CFCC policies and processes to manage risks.
  • Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
  • Assess risks arising from products / segments / geographies / customers / transactions.
  • Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
  • Advise relevant stakeholders on outcomes of CFCC risk identification and assessment methodologies.
Governance
  • Support senior oversight of CFCC within UK Private Bank.
  • Ensure tracking and remediation of surveillance and investigations related regulatory findings.
  • In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
  • Prepare and cascade lessons learned from audit findings, CFCC assurance activities and specific investigations.
  • Track significant issues arising from CFCC metrics, FCC Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
  • Propose control improvements, enhancements and simplifications where appropriate.
  • Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
  • Collate, analyse and interpret data in reports to senior management and 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.
Team Specific Responsibilities
  • Provide the business with timely, confident, and consistent compliance advice about CFCC matters. As appropriate, retain supporting evidence of the basis for your advice that is auditable as well as accessible to other members of the CFCC team.
  • Actively consider the inherent, material CFCC risks of the Private Bank in London. Analyse the risk profile and seek confirmation that CFCC risks are being appropriately identified, assessed and mitigated to within a tolerance.
  • Work collaboratively with PvB CFCC colleagues in Group, AME Region and other BCs to provide expert support and advice to the business on CFCC risk management. This includes identifying, interpreting and advising on compliance with the relevant regulations and SCB's Risk Management and Governance Frameworks.
  • Delivery of CFCC related training to the business, ensuring content is relevant, fact based and tailored to the nature of the UK business.
  • Maintain a constructive and positive relationship within the Private Bank, including its support functions as well as other compliance personnel. Respond to requests for information and/or assistance about CFCC matters from them to ensure that upstream regulatory risks are closely monitored and that appropriate internal and external mitigating actions are undertaken, in order to avoid surprises and regulatory failure.
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.
  • Work with the Head of PvB and Wealth CFCC UK and PvB UK Team to 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.
Other Responsibilities
  • Embed Here for good and Group's brand and values in UK Private Bank.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

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.
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