Senior Manager, ERMF and SMR control oversight

  • Negotiable
  • London, England, United Kingdom
  • Permanent, Full time
  • Standard Chartered Bank
  • 16 Nov 17 2017-11-16

Please view Job Description for details.

Role Responsibilities
Lead the ERMF and SMR control oversight team to ensure that the ERMF is effectively implemented supported by evidence based attestation, and control validation of GCRO's SMR responsibilities and reasonable steps

Key Roles and Responsibilities

ERMF control oversight

  • ERMF effectiveness review at part of the ERMF annual review for Board's oversight and approval
  • Manage annual evidence based attestations from Risk Framework Owners to GCRO
SMR Reasonable Steps control oversight
  • GCRO SMR Reasonable Steps and assurance registers, and quarterly validation
  • Coordinate with Compliance to rollout out SMR related changes arising from ERMF
  • Operational risk oversight of processes owned by the ERMF and SMR control oversight team
  • Continuously improve the operational efficiency and effectiveness of team's processes
People and Talent
  • Employ, engage and retain high quality people
  • Define an organisation structure aligned and scaled to the risk control needs of the Group
  • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives
  • Uphold and reinforce the independence of the ERMF and SMR control oversight team from those whose primary responsibility is to maximise short-term revenues and profits
  • Ensure the provision of ongoing training and development of the ERMF and SMR control oversight staff, and ensure that holders of all critical functions are suitably skilled and qualified for their roles
  • Lead through example and build the appropriate culture and values within the ERMF and SMR control oversight team and across the wider organisation

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.
  • Lead the ERMF and SMR control oversight 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; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Risk Framework Owner attestations
  • Risk Framework Owner attestations: Review and challenge the evidence based attestation from the of RFOs for the principal risk types (credit, market, country, capital and liquidity, financial crime compliance, compliance, conduct, information and cyber security, operational, and reputational) to GCRO
  • Maintain RTFs inventory and effective mechanisms to monitor compliance to Framework and Policy Governance standards.

Qualifications and Skills

Key Stakeholders
  • Members of Risk & Compliance Function Management Team
  • Head, Internal Audit - Functions
  • Risk Framework Owners and Policy Owners
  • Group OR, Group COO and other business COOs
  • Prudential Regulation Authority (PRA) and other key regulators
  • The Group's external auditors
Other Responsibilities
  • Embed Here for good and Group's brand and values
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

How To Apply

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Closing Dates

The closing date for applications is 24/11/2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.

Diversity and Inclusion

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.