Associate Director, Compliance, Regulatory Reform

  • Negotiable
  • Manhattan, NY, USA
  • Permanent, Full time
  • Standard Chartered Bank
  • 04 Dec 17 2017-12-04

Please view Job Description for details.

The Global Regulatory Reform team reports into the Group Head of Compliance. The team has staff based in Singapore, London and New York. The remit of the team covers the global regulatory agenda; pan-regional regulatory initiatives; regulations emanating in key markets that are extra-territorial in reach; and those UK prudential and conduct regulations that apply to the SCB Group.

The Global Regulatory Reform team uses subject matter expertise to promote awareness and understanding of new regulations for the Group. On reforms the team identifies, analyses and manages a forward agenda of regulatory proposals and advises all affected global business and control functions. The team assists affected business units in performing front-to-back impact assessments and implementing policies, procedures and controls necessary to position the Bank to adapt to regulatory change. Together with front office stakeholders, and especially Public Affairs, the team also delivers targeted advocacy on material regulatory initiatives affecting the Group.

The team is organised internally into three branches organised around regulatory themes: markets and conduct; prudential and resolution and regulatory strategy. This position sits within the Markets & Conduct branch and is expected to focus on markets and conduct-based regulatory reforms in America, while working closely with the other branches. Global Regulatory Reform also has a branch dedicated to assessing the impact of regulations on SCB and the post-holder will be expected to work closely with the assessment branch.
For all markets and conduct reforms in the Americas, focus on the delivery of a comprehensive and timely set of advisory services to Bank stakeholders throughout the complete regulatory life cycle (including reform identification, interpretation, advocacy, impact assessment, implementation and post-implementation support), with respect to reforms affecting all business lines in the Americas (Financial Markets, Transaction Banking, Corporate Finance).

Key Roles and Responsibilities

Support Global Regulatory Reform team on the implementation of regulatory reform

  • Keep up to date on issues around areas of responsibility and support communications on topics.
  • Monitor industry and regulatory updates to identify matters of interest to internal stakeholders.
  • Summarise and communicate information on regulatory updates, including Q&A and feedback from industry meetings, to internal stakeholders tailored to their individual needs.
  • Respond to queries and document responses for reference while collaborating with implementation work streams to address issues as they arise.
  • Support the development and delivery of internal training material tailored for senior stakeholders, implementation teams, the business and the compliance function.
  • Contribute to the development of the obligations database and/or project plans and tracking sheets for compliance.
  • Support the timely delivery of Bank-wide impact assessments while collaborating with affected businesses and infrastructure functions.
Develop understanding of regulatory requirements and proactively add to SCB implementation

Internal awareness on regulatory change
  • Contribute to internal products to produce timely, clear, consistent and insightful information for internal audiences across SCB. The publications should be suitable for broad internal audience and provide daily and periodic updates of current issues.
  • Contribute to regular senior management update briefs to ensure senior stakeholders are aware and well informed on all priority regulatory developments that permit them to fulfil any external representative mandates.

Internal and external representation on regulatory reforms
  • Support on Bank-internal work-streams impacted by regulatory reform.
  • Contribute to any strategic regulatory projects with implications across regions/divisions.

Contribute to and support the execution of Regulatory Reform Global priorities
  • Support the delivery of a proactive, strategic and holistic approach to the management of all regulatory reforms.
  • Contribute to and assist with the development and refinement of team products, including the production and delivery of daily regulatory briefings, monthly updates on key reforms and targeted advocacy materials.
Develop awareness and understanding of the Bank and the wider business and economic environment in which it operates
  • Develop knowledge of evolving Bank strategy, businesses and structure.
  • Develop detailed understanding of wider and evolving regulatory, business and economic environments in which the Bank operates.


Qualifications and Skills

  • 4 years or more experience working in a regulatory function within a financial institution and/or financial regulator/supervisor, or similar level of exposure to regulation, OR equivalent experience with SCB business and structure and a strong interest in developing the necessary regulatory knowledge.
  • Ability to communicate effectively in writing and orally at all levels and to both internal and external stakeholders
  • Ability and experience in summarise complex issues to non-technical audiences
  • Experience liaising with multiple internal and external stakeholders (businesses, regulators and industry bodies)
  • Strong analytical and problem solving skills capabilities
  • High attention to detail
  • Teamwork, working across teams and assisting colleagues
  • Good judgement, inquisitive and proactive with the confidence to challenge approaches to practices, procedures and specific transactions
  • Ability to work independantly
  • Strong networking skills
  • Excellent inter-personal skills and multi-cultural awareness


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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.

Equal Opportunity Employer

Standard Chartered is an equal opportunity employer. We have a meritocratic culture where each individual employee is valued and respected for who they are as a person and for what they bring to the organisation.