VP ESG Regulations And Strategic Initiatives

Job Summary

Purpose

This role is integral to drive the ESG and Reputational Risk agenda and embed associated frameworks within key business processes and across markets.

The VP, ESG Regulations & Strategic Initiatives Will

• Be a Lead for ESG and Reputational risk regulatory horizon scanning and regulatory change, including consultations and impact assessments (one of SC regions)
• Be a key point of contact for regional and country Chief Risk Officers and Sustainability Officers
• Support the ongoing attestation to regulatory authorities to confirm compliance to relevant regulations.
• Provide inputs to ESG and Reputational Risk Framework Owners in the review of control environment for weaknesses.
• Support the development of local variations (including Country addenda) of ESG and Reputational Risk Framework, Policies and Standards in line with regulatory guidelines
• Support regulatory impact assessment and policy
• Lead on strategic initiatives in relation to emerging ESG and reputational risks, as guided by the Global Head of ESGR.
  
  

Responsibilities

Regulatory Liaison and Change

• Coordinate Horizon Scanning for ESG-relevant publications and obligations, including evaluating consultations from regulators and relevant industry associations and compile responses for critical consultations in alignment with Business and other Bank Functions
• Lead advocacy efforts (jointly with 1 LoD / 2 LoD Group and Country stakeholders) with regulators and industry associations on select consultations, where necessary
• Identify binding regulations and industry standards, determine materiality, and escalate extra-territorial regulations and industry standards
• Interpret obligations, derive key requirements, and assess their impact on Bank Policies / Standards, including those from quasi regulators / industry bodies
  
  

Strategic Initiatives

• Take leadership on delivery of a strategic approach for ESG and Reputational risk management, in particular developing approaches to managing new and emerging risks - drive innovative projects, identify emerging risk and design Bank’s approach to them
• Guide Businesses, Supply Chain Management, and various Functions to embed ESG and Reputational Risk considerations into first-line processes.
• Where required, support the operational risk requirements of risk areas aligned with ESG and Reputational Risk
  
  

Framework and Policy Management

• Support the interpretation of obligations, derive key requirements, and assess their impact on Bank Policies / Standards
• Draft the update of Policies/Standards/Country Addenda relating to the obligations and coordinate the review and consultations with relevant stakeholders
• Review and track deviations and dispensation requests relating to Obligation Change Implementation including risk treatment plans
• Monitor and ensure 1LOD closes implementation gaps identified during the validation to meet requirements of obligations
  
  

Risk culture

• Help to build the appropriate culture and values. Work collaboratively with all relevant partners.
• Uphold the integrity of risk/return decisions, by challenging business to demonstrate that risk origination and control decisions are properly informed and consistent with the ESG and Reputational risk strategy and risk appetite.
• Provide support across ESG and Reputational Risk, ensuring compliance with the highest standards of regulatory and business conduct and compliance practices as defined by internal and external requirements.
• Ensure that material risk exposures and related issues are reported to the responsible risk governance committees.
  
  

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 to achieve the outcomes set out in the Bank’s Conduct Principles
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
  
  

Key Stakeholders

• ESG and Reputational Risk
• Country Heads of businesses and functions
• Country Chief Risk Officers
• Chief Sustainability Office
• Members of Group COO in WRB and CIB
• Members of Regional Risk Committees
• CFCC
• Business Heads
• Members of the ERM management team
  
  

Other Responsibilities

Embed Here for good and Group’s brand and values in Risk; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Qualifications

• Good knowledge of risk management for financial services
• Experience in a discipline relating to ESG risk, Climate risk or Sustainable Finance
• Experience in regulatory policy / advocacy / or regulatory change
• Over 10 years of experience working in a global financial services.
• Knowledge of financial and non-financial risks and trends.
• Strong creativity and problem-solving abilities.
• Excellent inter-personal skills; comfortable in building relationships at senior levels and across teams, with outstanding written and oral communication skills.
• Confident self-motivated person with a high level of drive and ability to operate in a fast-paced environment
  
  

Role Specific Technical Competencies

• Sustainable Finance
• ESG
• Banking Products
• Regulations for Climate and ESG
• Risk and Control
• Data handling skills
• Effective writing and communication
  
  

About Standard Chartered

Were an international bank, nimble enough to act, big enough for impact. For more than 170 years, weve 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 youre 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 cant 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, youll 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  
  

What We Offer

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 leave, parental/maternity (20 weeks), sabbatical (12 months 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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