Director CFCR Advisory TB Middle East

Job Summary

• The effective and efficient management of CFCR issues and risks relating to the CIB Transaction Banking business (Cash and Trade) in the UAE, DIFC, ADGM and Middle East cluster through the fulfilment of the responsibilities set out herein. The role involves proactive advice on regulations such as KYC, AML, sanctions, conflicts of interest, bribery and corruption, and fraud as they pertain to Transaction Banking, and serves as a resource for guidance and training related to regulatory changes and CFCR risk management.
• Where there are no local CFCR Advisory resources in Middle East cluster countries (Oman, Qatar, Bahrain, Egypt, KSA and Iraq), support will be provided to Country CFCR on risk issues pertaining to Transaction Banking. This will take the form of providing relevant product expertise, and supporting the assessment of risk and controls to ensure activities remain within the Bank’s risk appetite.
  
  

Strategy

• Materially contribute towards the implementation of the vision, strategy, and direction for Transaction Banking CFCR Advisory, in support of the CFCR function and the Bank’s strategic direction and growth aspirations.
• Continue to improve the Group’s approach towards reducing regulatory, conduct and financial crime risks in Transaction Banking to protect the reputation of the Group and to avoid significant financial loss.
• Provide exemplary support to colleagues with responsibilities for Transaction Banking.
• Provide support for Transaction Banking’s growth aspirations into nascent sectors including digital assets, new payment methods and fintech, in line with regulatory requirements.
  
  

Business

• Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability, and integrity. Provide and succinctly communicate timely and quality CFCR advice, analysis, and challenge (as appropriate) to enable the business and functions to achieve their objectives.
• Develop a comprehensive understanding of the Transaction Banking strategies to provide relevant CFCR advisory, oversight, and challenge to manage CFCR risks.
• 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. This may include overseeing remedial actions required to bring activities back within risk tolerance/ appetite.
• Support the maintenance and refresh of relevant CFCR frameworks applicable to Transaction Banking. This includes supporting the maintenance of local addendums of CFCR Standards and processes.
• Embrace the ‘Single Point of Contact’ model. This includes, but is not limited to, taking ownership of incoming queries, establishing oneself as the ‘go-to’ person for the business/function and ensuring advice provided is consistent throughout CFCR Advisory in relation to Transaction Banking.
  
  

Risk Management

• Support efforts to anticipate horizon risks that may have a significant impact on the Bank and develop strategies to mitigate such horizon risks including global standards for conduct of business.
• In the event of serious regulatory (or risk tolerance) breaches, ensure appropriate and timely escalation within the Group, and that actions are taken quickly to remediate and/or cease such activities. Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks impacting Transaction Banking.
• Implement or contribute to the management of MI to ensure all issues and matters relating to Transaction Banking are tracked, regularly assessed, and reported on. Ensure robust oversight of any risk acceptances, mitigating action plans, identification and management of high-risk clients, or specific country reviews.
• Play an integral role in the effective management of CFCR Advisory matters, and in collaboration with the wider CFCR team, effectively manage regulatory issues that have a significant impact on the Group.
• Provide robust challenge to and maintain oversight of risk acceptance and/or mitigating action plans relating to Transaction Banking where CFCR is the Risk Framework Owner.
• Take a leading role in the proposal of control improvements, enhancements and simplifications relating to Transaction Banking processes that manage CFCR risk.
• Collaborate with relevant business and CFCR stakeholders to facilitate holistic risk management across client segments / product risks.
• Assist the country / cluster Head of CFCR Advisory and/or the Head of CFCR in the respective markets, to provide reports to relevant Country and Business risk and control committees and management groups on key CFCR risks and issues pertaining to CIB Transaction Banking.
• Provide intelligence and analysis (to internal forums) on specific clients, client-types, and emerging risk typologies, and to support the calibration of bank’s Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
  
  

Governance

• Drive the identification and escalation of potential risks and issues to senior management through appropriate governance channels.
• Support the management of audit, assurance, and regulatory reviews, in relation to CIB Banking, including tracking, remediation, and preparing lessons learned from such reviews.
• Develop control effectiveness and efficiency improvements and simplifications where appropriate.
• Within the Groups overall Enterprise Risk Management Framework, develop appropriate risk-based compliance frameworks for identifying, assessing, managing, monitoring, mitigating, and reporting compliance and financial crime risks across Transaction Banking.
• Develop, or assist in developing, and recommend (for approval by the relevant Risk Committee and/or individuals), appropriate compliance policies and standards to manage CFCR risk in Transaction Banking.
  
  

Processes

• Drive the governance and oversight of the implementation of CFCR related policies and procedures with respect to Transaction Banking.
• Support efforts to establish and maintain effective processes to ensure that policies and standards to address CFCR risk are effectively implemented across Transaction Banking. Provide second line oversight and challenge to ensure the continued effectiveness of Transaction Banking owned processes.
• Provide support and challenge to the relevant Business stakeholders e.g. COO teams to ensure that they establish and monitor appropriate processes for compliance with CFCR policies and standards (including meeting regulatory obligations and maintaining high standards of conduct).
  
  

People & Talent

• Role model the Standard Chartered valued behaviours and proactively contribute to maintain a strong culture within the team. Provide constructive developmental feedback at a business, function, country, and individual level as appropriate, in relation to CFCR matters.
• Pro-actively share subject matter expertise, best practice, and lessons learned across CFCR Advisory, Centres of Excellence and Managed Services in relation to regulatory compliance and financial crime compliance risks as they pertain to Transaction Banking. This includes supporting the implementation of the Managed Services model in accordance with CFCR’s Function of the Future programme.
• Assist Transaction Banking Advisory CFCR teams in Group, Clusters and countries as needed.
• Collaborate with training teams to support closing of capability gaps and to meet the training needs of Transaction Banking.
  
  

Project/Change management

• Provide CFCR support in the review of new business requirements and provision of solutions for Transaction Banking.
• Support key change programmes and projects for Transaction Banking and CIB CFCR Advisory.
• Contribute to the successful design, implementation and embedment of CFCR’s new Function of the Future operating model.
  
  

Regulatory & Business Conduct

• Display exemplary conduct and live by the Groups Values and Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk and CFCR matters.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct & Ethics.
• Contributing to drive the CIB CFCR Advisory teams to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; and The Right Environment.
  
  

Key stakeholders

• CIB CFCR (Group, Cluster and Country)
• Chief Compliance Officers and Money Laundering Reporting Officers for the Middle East
• CIB Client Coverage Legal
• CFCR Centres of Expertise
• Senior Management in CIB Transaction Banking
• CIB Transaction Banking COO teams
• Chief Sustainability Office
• Group Operational Risk
• Group Internal Audit
• Responsibility & Sustainability Risk
  
  

Other Responsibilities

• Embed Here for good and Group’s brand and values.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards.
  
  

Skills And Experience

• Business Acumen
• Business Ethics
• CFCR Risk Type Advisory
• Cross-functional Collaboration
• Managing Change
• Organizational Governance
• Regulatory Environment - Financial Services
• Risk Management
  
  

Qualifications

Education

• The candidate will ideally have experience working in a Financial Institution, with Financial Crime Compliance (“FCC”) and Regulatory Compliance experience.
• The candidate will ideally possess the following specific experiences:
• University Graduate or equivalent degree preferred.
• Years of working in Financial Institutions in FCC or Compliance Functions supporting global corporates, financial institutions, government related entities, public sector and development organisations.
• Strong understanding of Transaction Banking products across Cash and Trade. Good understanding of emerging payment methods across digital assets and fintech.
• Experience assessing and managing FCC and/or regulatory Compliance risk.
• Ability to foster positive relationships with internal and external stakeholders at a senior level ensuring open collaborative environment.
• Ability to work independently and deliver efficient outcomes working through complexity and ambiguity.
• Demonstrated relationship building skills - both internal and external across multiple jurisdictions.
• High level of integrity and professionalism.
• Strong planning and organisational skills.
• Strong written and verbal communication skills
  
  

Languages

• English
  
  

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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