Associate Director, CFCR Regulatory Affairs, Americas

Standard Chartered; Newark (NJ); Hybrid; USD 110,000 - 150,000; Full time

Benefits offered by this job

Competitive salary

Flexible working options

Wellbeing programs

Medical and life insurance

Retirement savings plan

Job summary

Standard Chartered is seeking a Regulatory Compliance leader in the US to oversee regulatory examinations and lead communications with regulators. You will manage risk, coordinate with Compliance and business units, and ensure timely regulatory reporting.

The role emphasizes collaboration, strong project management, and knowledge of banking products. A law degree is helpful, and experience with regulators is a plus. Flexible working options and global exposure are offered.

Qualifications

• Good knowledge of banking products and support structure.
• Effective collaborative skills with Compliance and business.
• Ability to prioritise multiple responsibilities.
• Strong project management and organisational skills for regulatory exams.
• Previous experience at a regulator would be helpful.
• Law degree would be helpful.

Responsibilities

• Coordinate and manage regulatory examinations and regulatory visits/meetings.
• Act as main point of contact to regulators with Regulatory Affairs; ensure timely, accurate responses.
• Ensure regulatory reports and management updates are completed within required timeframes.
• Submit regulatory requests to regulatory agencies including securities and derivatives regulators.
• Complete regulatory examination summaries for Group and local reporting.
• Develop effective working relationships with Compliance Representatives and business units.
• Ensure timely reporting of US banking structure changes (transfers, name/address changes).
• Support Compliance team with ad hoc requests.

Skills

Compliance

Risk management

Leadership

Stakeholder management

Education

Law degree (helpful)

Job description

• Awareness and understanding of the Group’s business strategy and model.

Key Responsibilities

Strategy

• Awareness and understanding of the Group’s business strategy and model.

Business

• Awareness and understanding of the trading businesses

Processes

• Coordinate and manage regulatory examinations and regulatory visits/meetings.
• With Regulatory Affairs team, act as main point of contact to regulators and ensure all requests are handled in timely and accurate manner.
• Ensure regulatory and Group required reports and management updates are completed within the required timeframes.
• Submit regulatory requests to regulatory agencies including securities and derivatives regulators, as needed.
• Complete Regulatory examination summary for Group and local reporting requirements.
• Establish and develop effective working relationships with Compliance Representatives and other personnel of business units.
• Ensure timely reporting of US banking structure changes, such as internal transfers, name and address changes.
• Support Compliance team with ad hoc requests.

Risk Management

• Communicate and disseminate essential policies or regulatory changes to senior management and/or the relevant business units.
• Assist in problem solving critical issues that have compliance or regulatory impact and provide consultative advisory services on compliance related matters to support business initiatives, as required.
• Ensure timely reporting and escalation of significant issues to management.
• Assist management in furthering regulatory relationships with Regulators and Compliance industry professionals.

Governance

• Promote pro-active support to all businesses and functions in US and to assist senior management in ensuring that the Bank operates in accordance with all regulatory requirements and all Group standards of conduct, so as to protect and enhance the reputation of the Bank with its regulators and avoid significant financial loss.
• Represent Compliance department on relevant internal and external committees, as required.

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 Regulatory Affairs team to achieve the outcomes set out in the Bank’s Conduct Principles; The Right Environment.
• Effectively and collaboratively identify, elevate, mitigate and resolve risk, conduct and compliance matters.
• Promote the culture and practice of Compliance within the letter and spirit of regulatory requirements and ethical standards in the conduct of business and oversee Compliance with those requirements and standards.

Key stakeholders

• CCO
• Group Public and Regulatory Compliance
• Businesses or Unit Heads and Managers
• Internal Audit
• Regulatory Agencies
• External Auditors

Other Responsibilities

• Embed Here for good and Group’s brand and values in the Regulatory Compliance team. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Skills And Experience

• Manage Conduct
• Manage Risk
• Manage People
• Compliance

Qualifications

• Good knowledge of banking products and support structure.
• Effective collaborative skills that contribute to positive working relationships with counterparts in Compliance and the business.
• Ability to effectively prioritise multiple responsibilities.
• Strong project management and organisational skills, particularly with conducting effecting planning, management and follow-up of regulatory exams
• Previous experience at a functional regulator (e.g. FINRA, NFA) would be helpful
• Law degree would be helpful

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

Expected annual base pay range for the role is 110,000 USD to 150,000 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.

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.

Visit our careers website www.sc.com/careers