Associate Principal, CFCC CCIB Advisory Wanted At Standard Chartered Bank

May 22, 2023 Angie Blog, Jobs, World News, Zimbabwe 0

Associate Principal, CFCC CCIB Advisory Wanted At Standard Chartered Bank

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Associate Principal, CFCC CCIB Advisory Wanted At Standard Chartered Bank

 

The Role Responsibilities

 

The role will have first line responsibility for the implementation of Compliance, Conduct and FCC policies and procedures for CCIB processes to the extent the processes have been identified as owned by the CFCC function, in line with the Group’s process universe as set out in the Group Operational Risk Framework, including activities within the processes owned by the CFCC function which are hubbed or outsourced.

Insofar as they relate to (Segment) compliance, financial crime and conduct, the successful candidate will be responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Board from time to time) may occur and notifying any such breaches to (as appropriate):

  • Head, CFCC, Zimbabwe
  • Head, CFCC Advisory, CCIB, AME
  • The relevant Heads of Business

Strategy

 

  • Assist the Head, CFCC, Zimbabwe to set and implement the vision, strategy, direction and leadership for CFCC resources in Zimbabwe consistent with the Regional Head, CFCC Advisory, CCIB, AME and Global Head, CFCC Advisory, CCIB vision and strategy for the CFCC function, and in support of the Bank’s strategic direction and growth aspirations.
  • Support the Head, CFCC, Zimbabwe to promote the culture and practice of compliance with CFCC 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.
  • Input to CCIB business operating model design of relevant Compliance, FCC and business processes.

Business

 

  • Develop a comprehensive understanding of the CCIB business models and strategy in order to assist in providing oversight support and challenge in order to enable appropriate and sustainable CFCC 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 conduct, financial crime & compliance-related advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
  • 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 CFCC risk mitigation.
  • Support the resolution of competing requirements between regulations specific to CCIB businesses (i.e. between AML regulations and data privacy/bank secrecy or information security regulations.)
  • Support the Head, CFCC, Zimbabwe to establish and maintain risk-based compliance frameworks and the programme for monitoring and assuring compliance that supports the transition to pro-active and pre-emptive compliance and conduct risk mitigation, in relation to the CCIB businesses.

Processes

 

  • Act under delegation from the respective Risk Framework Owners for the principal risk types of Compliance, Conduct and FCC in discharging the responsibilities contained in the ERMF relating to CCIB businesses to the extent that CFCC is the appropriate second line risk owner.
  • Support and maintain effective policies/processes/DOIs (including training, advice and support) to address conduct, financial crime and compliance risks across CCIB businesses, aligning with relevant regulatory requirements.
  • Provide governance and oversight over the implementation of CFCC related policies and procedures relevant to CCIB businesses (to enable compliance with such policies and procedures).
  • Provide support and challenge to CCIB senior management to ensure that they establish and monitor appropriate processes for compliance with CFCC policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).

People and Talent

 

  • Help promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
  • Collaborate with training teams to input to training curriculum to support closing of capability gaps.
  • Provide feedback at business, function, country and individual level as appropriate, on CFCC matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).
  • Drive the migration of skill, knowledge, best practice and lesson learned across the network between CFCC Advisory colleagues especially in relation to regulatory risks and compliance with relevant regulations and internal policies/standards as they pertain to GB&CB businesses.

Risk Management

 

  • In accordance with the Group’s Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant CCIB processes.
  • Collaborate with the other Country & Regional CFCC Advisory Teams to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks.
  • Assist the Head, CFCC, Zimbabwe to ensure effective management of CFCC Advisory, CCIB matters, and in collaboration with the rest of the CFCC team, effectively manage regulatory issues that have a significant impact on the CCIB businesses.
  • Collaborate with relevant senior managers to support the programmes for conduct, financial crime and compliance monitoring, surveillance and/or assurance for CCIB businesses.
  • Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated regulatory, compliance and financial crime (AML/Sanctions/ABC) related risks, and proactive engagement in regulatory reform, in relation to CCIB product and client related activities.
  • Provide reports to relevant Country and Business risk and control committees and management group on key conduct, financial crime and compliance risks and issues pertaining to CCIB businesses.
  • Provide advice on the application of risk management frameworks (e.g. ERMF) and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies
  • Support in providing oversight of risk acceptance and/or mitigating action plans relating to CCIB businesses.
  • Provide reports to relevant risk and control committees and management group on key compliance risks and issues relating to CCIB businesses.
  • Support the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.

Governance

 

  • Attend relevant governance meetings, and provide relevant reports to senior management and governance/risk committees when delegated by the Head, CFCC, Zimbabwe.
  • Assist in the identification and escalation of potential CCIB CFCC related, risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
  • Ensure appropriate CCIB product governance measures are in place so that product approval documents reflect all relevant regulatory requirements.
  • Support the design and maintainance of dashboards and metircs that allow CFCC to dynamically monitor regulatory, compliance and financial crime risk and operational performance for key CFCC processes.

Regulatory relationships and regulatory change

 

  • Support CFCC Governance resources in Zimbabwe and the Head, CFCC Zimbabwe in relaton to:
  • the management of regulatory inspections and identification of regulatory reform that directly relates to CCIB businesses;
  • the provision of briefings and guidance to CCIB management on relevant regulatory matters;
  • ensuring CCIB businesses are properly prepared for routine regulatory exams, audits and supervisory inspections, as well as to managing the response from the CCIB businesses; and

Project/Change management

 

  • Assist the Head, CFCC, Zimbabwe and CFCC Advisory, CCIB and AME on key change programmes and projects for CFCC Advisory, CCIB.
  • Support the Head, CFCC, Zimbabwe and the Head, CFCC Advisory, CCIB and AME to review new business requirements and provide solutions for CCIB where required.

Regulatory and Business Conduct

 

  • Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  • Effectively and collaboratively identify, escalate, mitigate and resolve regulatory, conduct, financial crime and compliance matters related to CCIB businesses.
  • 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.

Key Stakeholders

 

  • Head, CFCC, Zimbabwe
  • Head, CFCC Advisory, CCIB, AME
  • Heads of CCIB Businesses in Zimbabwe
  • Relevant Regulators

Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards.

Our Ideal Candidate

 

  • Bachelors Degree with three years working experience in a similar role
  • Experience in a Corporate or Investment Banking environment
  • Experience in a Risk or Compliance Management role

Role Specific Competencies

 

  • CFCC Policies and Standards
  • CFCC Advisory
  • CFCC Assurance
  • Surveillance (including Screening and Monitoring)
  • Investigations
  • Compliance Risk Assessment
  • Regulatory Liaison
  • Manage Change
  • Manage Project

 

About Standard Chartered

 

We’re an international bank, nimble enough to act, big enough for impact. For more than 160 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
  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental/maternity (20 weeks), sabbatical (12 weeks 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.

Recruitment assessments – some of our roles use assessments to help us understand how suitable you are for the role you’ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

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Associate Principal, CFCC CCIB Advisory Wanted At Standard Chartered Bank

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Associate Principal, CFCC CCIB Advisory Wanted At Standard Chartered Bank