Executive Director CFCR Governance Americas

Standard Chartered; Vaughan; On-site; CAD 242,000 - 394,000; Full time

Job summary

A global financial institution in Vaughan is seeking a Compliance Manager to lead the Compliance, Financial Crime & Conduct Risk (CFCR) strategy. This role involves engaging with stakeholders, managing regulatory changes, and ensuring adherence to AML standards. The ideal candidate has over 15 years of experience in compliance and a sound understanding of money laundering laws. The position offers competitive salary and comprehensive benefits including flexible working arrangements.

Benefits

Competitive salary

Flexible working options

Robust medical plan

Qualifications

• 15+ years professional experience with Core Compliance and BSA/AML Advisory.
• Sound knowledge of money laundering laws, including BSA and USA PATRIOT Act.
• CAMS certification preferable.

Responsibilities

• Provide regulatory advice and recommendations.
• Lead the CFCR Americas Conduct strategy.
• Manage a team of direct reports while promoting SC Bank core values.

Skills

Core Compliance

BSA/AML Advisory

Regulatory Change Management

Strong written and verbal communication

Collaborative skills

Judgement

Risk Awareness

Job description

Job Summary

The role supports the Compliance, Financial Crime & Conduct Risk (CFCR) Management Framework within the Americas, to be delivered through:

• Be a thought-leader and key reviewer of CFCR Policies, Standards and applicable DOIs;
• Develop, oversee and deliver local CFCR training programs and needs analysis with relevant business compliance staff and assist in the execution of the SC Bank CFCR training program as it applies to the Americas;
• Impact assessments of new or amended Banking and BSA/AML laws, rules and regulations;
• Lead the CFCR Americas Conduct strategy, working with the First Line of Defence (1LoD) to ensure the highest standards of conduct throughout the Americas region;
• Lead periodic updates to the FCCA Program and related policies and standards;
• Lead the Regulatory Change workstream, engaging with process and risk owners to ensure that all applicable regulatory changes are embedded within appropriate programmatic documentation;
• Lead the CFCR Principal Risk Management Team responsible for the operational risk activities and Fraud Risk Framework Owner (RFO) for the Function.

Provide inputs and support delivery of the annual US and Group Compliance and FCC Risk Assessments as an overarching document highlighting key risks, issues, and remedial actions, etc.

Responsibilities

Cross-Functional Engagement

• Maintain awareness of significant changes impacting the business or functions, both internally and externally, and ensure appropriate actions to mitigate risk.
• Develop and maintain processes to deliver information to educate and make the business or functions aware of new and updated policies and procedures that are applicable to their business operations and risks.
• Participate as CFCR representative in Committees & Forums as appropriate.

• Provide timely regulatory advice and recommendations on key issues as appropriate.

Regulatory Change

• Partner with colleagues across the Bank to help drive a culture of risk awareness and proactive risk identification and assessment.
• Act as Process Owner for Managing Regulatory Change. Manage staff on the execution of identifying all new and amended regulations from the universe of banking and securities regulators; ensure dissemination of obligations to impacted control owners, maintenance of the obligations register, and confirmation of compliance with regulations within appropriate timeframes.
• Partner with global and local stakeholders to lead and deliver enhancements to regulatory change management systems and frameworks, including but not limited to those systems and processes applicable to inventories of laws, rules and regulations.

Policies and Procedures

• Lead the ongoing review and refresh and CFCR DOIs.
• Lead consultation initiatives for Group CFCR Policies and Standards.
• Develop Local Addendum to Group Policies and Standards as required per local regulatory requirement.
• Conduct impact assessment of Group Policies and Standards as needed.
• Provide advice and guidance on policy matters.

CFCR Learning

• Deliver a world-class participant experience by ensuring high quality delivery of AML, Sanctions, ABC, Fraud, Compliance and Broker Dealer training to all businesses and functions in the Americas.
• Managing projects to implement and enhance the CFCRA Training strategy.
• Driving for efficiency across learning solution practices end-to-end (CADDIE) by ensuring consistency and adherence to the Bank’s learning standards.
• Ensuring that group learning standards are followed in the design, management, delivery, tracking and evaluation of all CFCR learning programs.

People & Talent

• Manage a team of direct reports.
• Lead and develop an effective team through communication, performance management, development plans and reward/recognition practices.
• Promote an environment that supports diversity and reflects SC Bank core values.
• Leverage shared resources at Group and country level to deliver advisory objectives.
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
• Ensure the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate risks.
• Employ, engage and retain high quality people, with succession planning for critical roles.
• Responsibility to review team structure/capacity plans.
• Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.

Risk Management

• Ensure a full understanding of the risk and control environment in area of responsibility.
• Assist in the identification of CFCR risks and participate in the planning process for the CFCR US program.
• Assist the Head, CFCR Governance, Americas in the identification and escalation of risks and issues.
• Assist the Head, CFCR Governance, Americas in coordinating and managing internal and external audits and regulatory examinations.
• Identify risks in-country through measured analysis of factual scenarios and/or documentation.
• Anticipates, assesses and communicates key regulatory risk trends in-country, for management consideration through the delivery of regulatory mandated Risk Assessments. Drives the development and implementation of appropriate mitigation control measures.
• Manage Compliance Process for Managing Regulatory Change

Governance

• Awareness and understanding of the regulatory framework in which the firm operates, and the regulatory requirements and expectations relevant to the role.
• Work with any local regulators in an open and cooperative manner.
• Provide timely, robust and quality inputs into Country level RMI, Hotspots and other Group driven MI
• Participate and lead key discussions at senior risk forums, including the US Financial Crime Risk Committee and the Americas Risk Committee.

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 the CFCR Americas Policy & Procedure Team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Financial Crime Compliance; The Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Qualifications

• 15+ years professional experience with Core Compliance, BSA/AML Advisory and business skills
• Effective collaborative skills that contribute to positive working relationships with counterparts in Legal & Compliance and business.
• Sound knowledge of relevant laws, rules and regulations applicable to money laundering including BSA, USA PATRIOT Act, FinCEN, and the ability to interpret and apply them to actual situations.
• Detailed understanding of Group, CIB and local policies and standards.
• Good knowledge of banking products, services and support structure.
• Good judgement. An inquisitive approach to practices and procedures. Personal authority and integrity. Independence and resilience.
• Strong written and verbal communication skills
• CAMS certification preferable.
• Experience with regulatory change management systems & processes.

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 thingand 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

Expected annual base pay range for the role is 178,500 USD to 290,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations. Visit our careers website www.sc.com/careers

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-offincluding 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 workingoptions based around home and office locations, with flexible working patterns.
• Proactive wellbeing supportthrough 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 cultureto 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.