• Negotiable
  • Singapore
  • Permanent, Full time
  • Standard Chartered Bank Singapore
  • 22 Apr 18

(Associate) Director, Compliance, Commercial & Global Banking

  • Location: Singapore
  • Salary: Negotiable
  • Job Type: Full time

(Associate) Director, Compliance, Commercial & Global Banking

We are currently looking for a Compliance professional with at least five years of relevant experience, working in an international bank, preferably in a compliance advisory role. The suitable candidate will have excellent communication skills, both oral and written, and be capable of managing a wide variety of stakeholders across the full spectrum of seniority. The candidate should have experience in providing advice across the full range of compliance disciplines, and be able to work with the specialist compliance teams and escalate material issues as they arise, in a manner that is inducive to sound commercial risk based solutions.

  • 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.
  • Maintain constructive and effective relationships with Business Heads/Business Chief Operating Officers ("COOs"), and assist relevant Compliance heads to interface with and support all key business stakeholders.
  • Insofar as they relate to regulatory compliance, be responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Board from time to time) may occur and notifying any such breaches to Head, Compliance, Commercial & Global Banking Compliance.
  • Maintain independence, deliver timely responses, and timely escalation of risks and issues where they feel risk management tolerance of the firm are exceeded.

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 CB & GB 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.
  • Support the Client Delivery Centres of Excellence (COBAM, Credit Analysts, Client Managers), from a Compliance perspective by providing advice and coordinating any necessary country / regional Compliance engagement.
  • Play a core role with FCC and relevant Business senior management in the assessment of risk related to CB & GB, including Compliance ownership of any required onward distribution of decision-making and action plans.
  • Partner with FCC to ensure that financial crime impact on the client segment is implemented and global standards are maintained. This includes taking flexible approaches to client onboarding where Group standards are met and a risk based approach permits.
  • 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.
  • Apply a consistent Compliance framework to CB & GB clients whether they are managed in the client businesses, or during the times when the relationship may be managed by Group Special Account Management (GSAM).
  • Understand the function; processes and identify areas of interest and potential risk governed by CB & GB, especially on-boarding, credit and portfolio management and to the extent coverage under Group Special Account Management (GSAM).
  • Provide compliance support on regulatory on-boarding for CB & GB by reviewing of the current requirements, procedures, processes and controls for existing and new regulations.
  • Be aware of how regulatory change projects impact on CB & GB.
  • Establish compliance coverage to CB & GB Clients Compliance teams in regions and countries to assist them to understand the objectives/deliverables; and actively engage business in their respective regions and countries.
  • Support the Practice Group, and promote adherence to the stakeholder map, ensuring efficient alignment of business and function.
  • Upgrade CB & GB appreciation of Compliance Risks and Controls by establishing framework for Annual and New Joiner Training.



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