Director, Regulatory Conduct Risk & Oversight

Standard Chartered Bank; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A major international bank in Singapore is seeking a compliance expert with over 8 years of experience in banking regulations. The role involves ensuring adherence to regulatory expectations, engaging with regulators, and guiding stakeholders on compliance matters. The ideal candidate must possess excellent interpersonal skills, problem-solving ability, and the capacity to manage regulatory risks while promoting a culture of compliance. This position offers competitive salary and benefits, emphasizing a healthy work-life balance and a supportive workplace environment.

Benefits

Competitive salary

Core bank funding for retirement savings

Medical and life insurance

Flexible working options

Proactive wellbeing support

Continuous learning culture

Qualifications

• Experience in compliance from a banking domain is essential.
• Sound judgment on regulatory practices and managing compliance risk.
• Ability to work with senior stakeholders and regulators.

Responsibilities

• Support the Country Governance team for CFCR controls.
• Engage with regulators and ensure compliance with regulatory expectations.
• Proactively monitor regulatory developments affecting the bank.

Skills

Interpersonal skills

Problem-solving

Multi-cultural awareness

Leadership

Education

8+ years of experience in compliance

Understanding of banking regulations

Tools

Risk Management Frameworks

CFCR Policies and Standards

Job description

RESPONSIBILITIES

• Strategy
  • Provide support to ensure there is adequate resources (people, processes, tools, frameworks, systems) in the Country Governance team for necessary CFCR controls.
  • Proactively engage with regulators in Country through a structured engagement programme with consistent adherence to regulatory expectations.
  • Ensure that Standard Chartered Bank's operations in Singapore are in line with regulatory expectations and Group requirements.
  • Support the Country Head of Head, Regulatory and Conduct Risks & Oversight, Singapore and ASEAN (RCRO SG & ASEAN) to set and implement the vision, strategy, direction and leadership for Singapore & ASEAN, consistent with the vision and strategy for CFCR and in support of the Group's strategic direction and growth aspirations.
  • Promote the culture and practice of compliance with compliance 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
  • Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in country), in coordination with group communications.
  • Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
  • Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, regulations, laws, best practices and policies related to CFCR.
  • In conjunction with the relevant stakeholders, analyse the impact of regulatory compliance matters on the bank and its operations.
• Anticipate, assess and communicate key regulatory risk trends in Country for management consideration and drive the development and implementation of appropriate mitigation control measures
• Use general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions and keep the in-Country regulators updated on developments in the Bank’s business

Processes

• Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOls to address CFCR, aligning with relevant regulatory requirements.
• Support the implementation of CFCR related policies and procedures in Country/Culster to ensure compliance with such policies and procedures.
• Provide advice to relevant business & functions stakeholders on compliance with Group standards & regulatory matters relating to CFCR.
• Proactively monitor regulatory developments to manage the regulatory impact of complex regulatory matters on the Bank's business and its operations.
• Provide guidance on the proper application and interpretation of banking laws, regulations and policies applicable in Country.
• Support the setting of control standards and provide advice on the development of appropriate controls for the mitigation of regulatory risks.
• Assist in overseeing relevant administration and licensing and required by the in-Country regulatory requirements.

Other Responsibilities

• In the event of serious regulatory breaches, or where risk tolerances have been breached, assist in critical workstreams in order to ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Track significant issues arising from CFCR metrics, Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• Prepare and cascade lessons learned from audit findings, assurance activities and specific investigations.
• Provide guidance on all control checks undertaken by CFCR under the Enterprise Risk Management Framework (ERMF).
• Implement quality assurance standards and workflows for the CFCR processes.
• Co-ordinate/support the management of audits/exams.

Risk Management

• Support implementation of risk mitigating action plans.
• Provide advice on the application of risk management frameworks (e.g. ERMF, GRA).
• Apply Group and CFCR policies and processes to manage risks.
• Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
• Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.

Governance

• Attend relevant meetings.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Periodic reporting and timely escalation of significant risks and issues arising from CFCR Monitoring and Assurance activities.
• Be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.

Data & Insights

• Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
• Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the CFCR function.
• Drive or influence significant programmes of work in support of the CFCR initiatives and projects.
• Proactively engage with internal and external business stakeholders for development and maintenance of good relationships and an open and cooperative environment.
• Assist Head RCRO SG & ASEAN in exercising oversight and support to the ASEAN cluster.

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.
• Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.

Other Responsibilities (Repeat Section)

• Embed Here for good and Group’s brand and values in CFCR RCRO Governance team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• 8+ Years of experience in compliance from a banking domain.
• Be well-verse in the understanding of the banking regulations.
• Good judgment enabling the provision of sound advice in difficult areas of regulation and practice and the proactive management of compliance and regulatory risk.
• Must possess excellent interpersonal and problem-solving skills, multi-cultural awareness and sensitivity.
• Ability to manage and give leadership to business and functional stakeholders.
• Sound judgment on business practices, regulatory relationship management and reputational risk.
• Personal authority and integrity with proven ability to establish relationships and exert influence at the most senior levels of the Country and with regulators and other external stakeholders.
• Be able to operate independently and demonstrate robustness in ethics and resilience.

Role Specific Technical Competencies

• CFCR Policies and Standards
• Regulatory Compliance Advisory
• Group & Compliance Risk Assessment
• Regulatory Liaison
• Change & Project Management
• Governance Support & Subsidiary Governance
• Business & Functional Stakeholders Management

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.

Recruitment Assessments

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Visit our careers website www.sc.com/careers