RESPONSIBILITIES: * Help the Group meet its commitment of being "Here for Good" by building a sustainable Compliance framework that places regulatory and Compliance best practice standards, and a culture of appropriate conduct at the forefront of the Group's agenda * As an independent second line risk control function, execute the relevant aspects of the Compliance framework through robust independent risk control and the provision of Wealth Management Compliance specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the Group's business. * Advise Wealth Management on regulatory matters, particularly on financial advisory and sale of investment and insurance products. * Proactively support and challenge the Group's businesses and functions to exhibit appropriate conduct, comply with regulatory and Compliance requirements and strive to achieve fair outcome for the Group's clients. * Support the Global Head, Compliance, Wealth Management in evaluating the effectiveness of the Group's Compliance efforts. * Support the Global Head, Compliance, Wealth Management in maintaining constructive and effective relationships with Business Heads/Business Chief Operating Officers ("COOs") and their teams, and assist relevant Compliance Heads to interface with and support all key business stakeholders. * Insofar as they relate to regulatory Compliance, 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 Global Head, Compliance, Wealth Management. * Maintain independence, deliver timely responses, and timely escalation of risks and issues where they feel risk management tolerance of the firm are exceeded.
Strategy: * Support and implement the vision, strategy, direction and leadership for Wealth Management Compliance, consistent with Global Head, Compliance, Wealth Management strategy for the Compliance function and in support of the Bank'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: * 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 regulatory compliance advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives. * Provide regulatory advice, analysis (and challenge when appropriate) in relation to Wealth Management (including across the full product life cycle) including product design and documentation through to post sales reviews/assessments, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), transitional investigations. * Provide robust challenge to business management and all relevant business stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary, until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance/ appetite. * Work closely with the business to provide timely regulatory Compliance advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive compliance and conduct risk mitigation.
Processes: * Support the Global Head, Compliance, Wealth Management in establishing and maintaining effective processes (including training, advice and support) to ensure that policies, procedures and standards to address Compliance risks (excluding financial crime) are effectively implemented and adhered to across Wealth Management. * Provide support and challenge to Wealth Management business to ensure that they establish and monitor appropriate processes for compliance with Compliance policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).
People and Talent: * Lead through example and build the appropriate culture and values. Work in collaboration with risk and control partners. * Ensure the provision of ongoing training and development of people, and support the Global Head, Compliance, Wealth Management in ensuring that holders of all critical functions are competent, suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Risk Management: * Support the Global Head, Compliance, Wealth Management as delegated Risk Owner under the Group's Risk Management Framework for Wealth Management processes where Compliance is the second line Risk Owner. * In collaboration with relevant senior managers, support a programme for Compliance monitoring, surveillance and assurance for Wealth Management. * Ensure effective management of Compliance matters, and in collaboration with the rest of the Compliance team, effectively manage regulatory issues that have a significant impact on the Bank. * Assist the Global Head, Compliance, Wealth Management to collaborate with the other Products Compliance teams and the Compliance Management Group 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. * In the event of serious regulatory breaches, or where risk tolerances have been breached, support the Global Head, Compliance, Wealth Management in ensuring senior management in the Bank and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased. Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform. Assist and work closely with Shared Investigative Services (SIS) in relation to investigations concerning the Wealth Management business. * Support the Global Head, Compliance, Wealth Management in providing reports, as required to relevant Group and Business risk and control committees and management group on key compliance risks and issues. * Maintain adequate management MI / trackers across all aspects of their coverage and responsibility to ensure all issues and matters are tracked, followed, regularly assessed and reported on. * Assist Global Head, Compliance, Wealth Management in performing Compliance Risk Assessments, including development of mitigating action plans.
Governance: * Within the Group's overall Risk Management Framework, support the Global Head, Compliance, Wealth Management to establish and maintain appropriate risk based Compliance frameworks for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory) risks across Wealth Management. * Support the Global Head, Compliance, Wealth Management to develop and recommend appropriate Compliance policies and procedures for approval by the relevant Risk Committee. * Support the Global Head, Compliance, Wealth Management to ensure appropriate product governance measures are in place so that product approval documents reflect all relevant regulatory requirements. * Attend relevant committees and forums as Compliance's representative or delegate of Global Head, Compliance, Wealth Management. Responsibilities may include preparation of Compliance submissions, regulatory updates, reports, papers, tracking and follow-up of action items. * Assist in conducting assurance reviews at Group, Country and Business levels to identify gaps and emerging risks, where required.
Qualifications and Skills
* Degree in Law/Finance/Business from an accredited university. * Minimum 5 years of experience within the banking/finance industry, in Compliance and regulatory risk management. * Knowledge of Wealth Management required. * Team player with good inter-personal skills. * Meticulous, analytical and logical with the ability to provide a pragmatic approach to issues. * Ability to manage in a geographically and culturally diverse environment. * Ability to work under pressure, meet deadlines and work effectively with business units. * Proficiency in English, both written and spoken.
How To Apply
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Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.