Associate Director, Compliance - Payments Regulations

Standard Chartered; Frankfurt; Vor Ort; EUR 60.000 - 100.000; Vollzeit

Zusammenfassung

An established industry player is seeking an Associate Director for their Compliance team in Frankfurt. This role is pivotal in ensuring adherence to Payment Regulations and other compliance standards across the bank's operations in Germany and the European Economic Area. You will act as a Subject Matter Expert, guiding Corporate and Investment Banking teams and maintaining compliance with local laws. The position offers a dynamic environment where your expertise will help shape compliance strategies and frameworks. Join a forward-thinking organization committed to supporting your professional growth and well-being.

Leistungen

Core bank funding for retirement savings

Medical and life insurance

Flexible working options

Proactive wellbeing support

Continuous learning culture

Generous time-off policies

Qualifikationen

• 3-5 years in a Compliance role within the banking industry.
• Strong knowledge of EU and German regulations, especially Payment Regulations.

Aufgaben

• Ensure compliance with regulations for Transaction Banking services.
• Draft and review policies and procedures for compliance.

Kenntnisse

Compliance experience

Understanding of banking regulations

Knowledge of Payment Regulations

Stakeholder engagement

English language skills

German language skills

Ausbildung

Bachelor's degree in Finance or Law

Jobbeschreibung

Job Overview

We are currently looking for an Associate Director to join our Compliance team in Frankfurt. In this role you will be the Subject Matter Expert in Payment Regulations for the Bank’s activities in Germany and in the European Economic Area. You will advise our Corporate and Investment Banking (CIB) teams on Compliance matters, focusing our Transaction Banking (both Trade and Cash) services and operations. You will ensure that the business remains compliant with local laws and regulations including among others: Payment Services Oversight Act (Zahlungsdiensteaufsichtsgesetz – ZAG), Directorate General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA), Settlement Finality Directive (SFD), and Payment Services Directive 2 and 3 (PSD2 and PSD3).

Key Responsibilities

• Ensure compliance of Standard Chartered Bank’s (SCB) business activities in Germany, the European Economic Area (EEA) and other countries (as appropriate) with all laws, regulations and relevant standards, in particular with respect to the Transaction Banking Business (TB Business); the role holder will predominantly have responsibility for Trade but also providing coverage for Cash and onboarding related regulations.
• Support the Head Conduct, Financial Crime and Compliance (CFCC) Advisory, SCBAG and the Chief Compliance Officer Continental Europe and (if and when requested) Group CFCC Teams in all matters (including projects), in particular having any relevance to the Corporate & Investment Banking (CIB) business activities and, if need be, in all other Compliance matters.
• Maintain a thorough understanding of German and EU legislative and regulatory developments that affect SCB AG’s operation and business and regularly communicate those to relevant stakeholders (e.g. through trainings etc.).
• Compile and regularly update relevant Obligations Register(s) as well as management information tools (and if necessary, represent CFCC in local meetings, committees and forums).
• Proactively help to implement and establish a comprehensive and sufficient Compliance and control framework for SCB in Germany (and other EEA countries) in order to fulfil all applicable laws and regulation (German and European laws and regulation and requirements).
• Draft, review and assist in the roll out of SCB AG policies, procedures and other initiatives, and their compliance with applicable laws and regulations.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management in the Bank and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Ensure that all (new) products and services are in compliance with relevant laws and regulation.
• Review and update of all relevant product initiatives, with respect to their compliance with applicable laws and regulation.
• Review and update of relevant regulatory disclosures (incl. website) and other client communication and information with respect to their compliance with applicable laws and regulation.
• Identify and review new regulatory initiatives concerning TB Business - Trade and Cash to ensure all material matters are considered and any necessary procedures are implemented, including providing training to relevant staff.
• Identify and measure Compliance risks (in particular in the area of CIB/ TB Business - Trade and Cash) in order to be able to assess the impact and likelihood of a particular risk materializing.
• Collaborate with the Products teams, Senior Management and other CFCC stakeholders to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct of business.
• Provide reports to relevant CFCC and Business risk and control committees and management on key compliance risks and issues.

Skills and Experience

• Relevant experience in a similar Compliance role within the industry of at least 3 - 5 years.
• Sound understanding of the banking and financial industry and their regulatory framework.
• Demonstrates a good understanding of relevant EU and German laws and regulations with subject matter expertise in Payment Regulations; specific knowledge of the Cash and Trade products are of advantage.
• Ability to work in a matrix organisation, leveraging resources across the organisation to complete deliverables.
• Experience of proactively engaging stakeholders across multiple countries/businesses/functions.
• English language skills.
• German language skills are of advantage.

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.