| The role holder assists the Head of Regulatory Compliance, UAE in the management of regulatory risks and provides support to the UAE Country Compliance team in its role of ensuring Standard Chartered Bank UAE meets regulator and Standard Chartered Group expectations. |
Key Roles and Responsibilities
Regulatory Risk Identification and Policy Setting
- Assists in the management of material regulatory risks in-country through measured analysis of factual scenarios and/or documentation.
- Assists in the assessment of regulatory risk trends.
- Assists in the identification of new banking regulations and laws.
- 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.
Regulatory relationships and regulatory change
- Assists with regard to timely advice regarding regulatory requirements and bank compliance policies and procedures.
- Provides support on application and interpretation of banking laws, regulations and policies applicable to the country.
- Assists in overseeing relevant administration and licensing as required by the local regulatory requirements.
- Handles ad hoc enquiries and surveys as requested by the regulators from time to time.
- Assists in ensuring that the Bank and its subsidiaries operate in accordance with the relevant local requirements and Group regulatory compliance standards, so as to protect and enhance the reputation of the Bank.
Regulatory Compliance Training
- Assists in ensuring proactive regulatory engagement and in establishing an effective regulatory relationship plan in the UAE and assists in establishing meeting agendas and matters for discussion.
- Providing briefings and guidance to business on regulatory matters.
- Ensure the Bank is properly prepared for routine regulatory exams, audits and supervisory inspections, as well as to managing the response from the business.
People and Talent
- Assists in the delivery of a program of activities that educates and encourages managers and staff to operate in compliance with relevant laws, regulations and policies. Such training would include key group compliance and regulatory issues.
- Assists in the development of an effective country-wide compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.
Regulatory & Business conduct
- Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.
- Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
- Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
- Ensure Country Governance team is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.
- Ensure staff in Country Governance team have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.
- 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 Country Governance team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Support relevant stakeholders to respond to regulatory questions.
- Head of Compliance UAE: Functional and Geographic reporting line; UAE regulatory risk reporting; in-Country costs and administration.
- Business Compliance Teams: Coordination on business and product developments in the UAE, and local regulatory developments.
- Country Compliance Team: Coordination on UAE regulatory compliance developments, risks and standards.
- UAE Regulators (Central Bank, SCA and relevant government ministries).
- Embed Here for Food and Group's brand and values in UAE Regulatory Compliance team.
- Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Qualifications and Skills
- Relevant undergraduate degree in Law, Compliance and/or Risk Management or any other relevant field.
- Relevant professional certification in compliance is preferable.
- The role holder must possess regulatory compliance experience and have good working knowledge of governance best practices.
- Must have prior experience working with UAE Central Bank
The closing date for applications is 02/05/2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
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.