Senior Manager, Regulatory Compliance… at Standard… · Guangzhou

Key Responsibilities

Strategy • Drive high standards of regulatory compliance and deliver key priorities and initiatives, aligned to WRB CFCR’s Priorities. • As an independent second line risk control function, execute the relevant aspects of the CFCR frameworks 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 WRB business. • Promote the culture and practice of compliance with CFCR standards (including conducting business within regulatory requirements, and to high ethical standards) within the Bank and embed a Here for Good culture and the Group Code of Conduct.

Business • Develop a comprehensive understanding of the business model and strategy in order to provide substantive oversight, support and challenge in order to enable appropriate and sustainable CFCR outcomes. • 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 CFCR-related advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives. Be a ‘trusted advisor’ to the WRB business and provide timely advice to ensure compliance with all relevant laws and regulations. • Proactively support and challenge the WRB business and other functions to exhibit appropriate conduct, comply with regulatory and CFCR requirements and strive to achieve fair outcome for the Bank’s clients. • Provide advice, analysis (and challenge when appropriate) in relation to WRB including product design, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), and transactional advice. • 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 and its operational teams to provide timely advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive CFCR risk mitigation. • Support the resolution of competing requirements between regulations specific to WRB businesses (for example, between AML regulations and data privacy/bank secrecy or information security regulations.) • Promoting the culture and practice of global standards to the business, while managing local requirements.

Processes • Act under delegation from the respective Risk Framework Owners for the Principal Risk Types of CFCR in discharging the responsibilities contained in ERMF to the extent that CFCR advisory is the second line risk framework owner. • The role holder is not responsible to ensure that WRB and CFCR process owners agree their respective handoffs, which ought to be documented in a service level agreement. However, consistent with the CFCR advisory second line responsibilities under ERMF, the role holder is responsible for ensuring that in the absence of an agreement or if responsibilities are poorly executed, the risks inherent in WRB are addressed in line with ERMF. • Develop / maintain effective CFCR policies/standards/processes/DOIs (including training, advice and support) to address CFCR risks across WRB, aligning with relevant regulatory requirements. • Provide governance and oversight over the implementation of CFCR related policies and standards relevant to WRB (to enable compliance with such policies and standards). • Provide support and challenge to WRB 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). • Establish and maintain effective processes (including training, advice and support) to ensure that policies, procedures and standards to address compliance risks are effectively implemented and adhered to.

Risk Management • As the second line risk control function, execute the relevant aspects of the CFCR 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 WRB business. • Provide support and challenge to WRB 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). • Assess CFCR risks arising from products / segments / geographies / customers / transactions relating to WRB. Maintain oversight of risk acceptance and/or mitigating action plans relating to WRB. • In the event of serious regulatory breaches, or where risk tolerances have been breached in WRB, ensure appropriate and timely escalation and that actions are taken promptly to remediate and/or activities are ceased. • Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform impacting WRB. • Liaise with the internal audit function to ensure that any CFCR weakness identified by the internal audit function relating to WRB activities are appropriately followed up. • Assisting WRB CFCR head in obtaining and reviewing appropriate management information and trackers pertaining to WRB to ensure all relevant issues and matters are tracked, followed, regularly assessed and reported on. • Ensure all CFCR issues and matters relating to WRB are tracked, followed, regularly assessed and reported on, including oversight of risk acceptance and/or mitigating action plans, identification and management of high risk clients or specific country reviews relating to WRB. • Provide advice on the application of CFCR risk management frameworks and provide advice to relevant WRB stakeholders on outcomes of risk identification and assessment methodologies. • Maintain oversight of risk acceptance and/or mitigating action plans relating to WRB. • Understand relevant technical aspects of systems pertinent to WRB.

• Ensure global / regional CFCR standards applicable to WRB are understood and implemented locally, with any identified exceptions, or need for more/less stringent standards, escalated to WRB CFCR Head as applicable. • In collaboration with the Country Compliance Assurance team ensure that local risks associated with the business in the Country are reflected in country risk assessments, with compliance reviews established where necessary and ensure Compliance involvement in the resolving and identified regulatory or compliance issues relevant to the businesses. • Ensure effective management of compliance matters, and in collaboration with the rest of the Compliance team, effectively manage regulatory issues that have a significant impact on the Bank.

Governance • Ensure swift remediation of regulatory breaches in WRB.
• Ensure appropriate product governance measures are in place for WRB so that product approval documents reflect all relevant regulatory requirements. • Propose control effectiveness and efficiency improvements and simplifications to WRB where appropriate. • Ensure the end-to-end life cycle of audit, assurance and regulatory reviews in WRB is managed appropriately, including tracking, remediation and preparing lessons learned from such reviews. • Within the Group's Enterprise Risk Management Framework, support the WRB CFCR Head to establish and maintain appropriate risk based CFCR framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory and financial crime) risks in relation to WRB.
• Assist WRB CFCR Head in developing and recommending (for approval by the relevant Risk Committee), appropriate compliance policies and procedures.

Regulatory & Business Conduct • Display exemplary conduct and live by the Group’s Values and Code of Conduct. • Effectively and collaboratively identify, escalate, mitigate and resolve risk and WRB CFCR advisory matters. • Support relevant stakeholders to respond to regulatory questions. • 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.

Other Responsibilities • Understand, acknowledge and comply with the requirements on individual accountabilities and responsibilities of the job set out in applicable local laws and regulations as well as SCB internal policies • Effectively ensure and intensify internal controls by keeping abreast with developments of applicable local laws and regulations on accountabilities • Perform job duties with diligence, contribute to efforts as an individual or as a team member so as to avoid any actual or potential legal sanctions, regulatory penalties, material financial loss, or adverse reputational impact on the Bank • Be responsible for failure to follow relevant rules and processes, failure to properly perform the responsibilities, and implement corrections • Cooperate with any investigations or reviews on regulatory failure such as accountability review • Properly perform the duties on supervisory, audit and risk control, including but not limited to

• Contribute in the formulation or amendment of audit, risk control and accountability policies • Participate in the internal investigations or reviews on regulatory failure such as accountability revie

• Be responsible for regulatory failure or risks arising from or in connection of failure to perform the duties on supervisory, audit and risk control

Skills and Experience

• Thorough knowledge of banking products and services, such as RMB settlement, cross-border RMB, FX under current and capital account, BOP, AML related, and the latest new polit policy for biz promotion. • More than 6 years work experience in banking industry, especially in Ops, TB, Compliance, or relevant regulator background • Sound knowledge of local regulatory requirements, local banking practices and requirements including but not limited to RMB XB and FX self-discipline mechanism, FTZ policy, credit bureau policy, individual FX policy, etc. • Strong local regulatory relationship management skills and have healthy relationships with key depts. of regulators, such as capital account division, current account division, BOP, AML, Financial stability, foreign bank supervisory department, etc • Good judgment enabling the provision of sound advice in ambiguity areas of regulation and practice and the proactive management of compliance and regulatory risk in the city • Deep knowledge of the process critical for implementation of risks and controls • Deep knowledge of execution and supervision of the compliance related process, and that of regulatory requirement. • Good understanding of the bank's overall business and operation for co-ordination with other teams • Deep knowledge of execution and supervision of the compliance related process, and that of regulatory requirement. • Handle most compliance enquiry independently.
• Strong risk sense and the ability to assess risk in the branch

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've 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 you're 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 can't 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, you'll 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.