| The role holder has responsibility for and oversight of the overall compliance support to the business with respect to management of its regulatory and reputational risk. |
Key Roles and Responsibilities
Product and business advisory work FM Sales & Structuring
Wealth Management Product Services
- Providing support to the Head, Compliance, FM Sales and Structuring in advising business on all regulatory matters relating to FM Sales matters and structuring transactions.
- Act as FM Compliance Coordinator and take ownership for transactional committees (Special Transaction Approval Group and Distributor Transaction Approval Group)
- Assist and advise in the performance / completion of relevant Compliance Monitoring Reviews
- Liaison with Trade Surveillance to assist in closure of any matters that are raised through surveillance activities that are conducted.
- Act as a point of contact with Sales COO to ensure that all regulatory issues identified are tabled, followed up and remediated.
- Proactively participate in the reengineering of the SCB Operational Risk Framework as it applies to FM Sales and FM Structuring.
- Drafting and implementation of global policies and procedures
- Provision of high quality Compliance training to relevant FM business units.
- Coordinate and assist in the identification of material regulatory and reputational risks for the relevant FM businesses.
- Undertake continual assessment of regulatory risks associated with existing products and those under development
- Provide FM Compliance input and approval of new products and new business initiatives, or re-validation of existing products / business initiatives for the relevant FM business.
- Provide Regional Compliance and Segmental Compliance teams with product line expertise as required, particularly with regard to regulatory inspections, investigations and for transactional matters.
- Act as FM liaison to WMPS to ensure that all FM specific regulatory matters are considered and appropriately concluded.
- Participate in the WMPS Process Governance Committee as the FM Compliance representative
- Ensure all FM products sold to WMPS are appropriately considered and approved in compliance with FCA Conduct considerations, notably TCF.
- Assist the Head, Compliance, FM in discharging the FM team's responsibilities in assisting the Regulatory Reform team understand, analyse and implement regulatory reform initiatives notably: MiFID II / MiFIR.
Knowledge development and information management
- Proactively participate in various information streams to gather appropriate knowledge on industry developments and regulatory developments.
- Develop "thought leadership" capability - be known within the bank, and externally (in the industry and with regulators) as a senior point of contact for consultation in relation to Fixed Income matters.
- Ensures the dissemination of appropriate training and information to the FM Compliance community, with an emphasis on equipping local teams to manage risk.
- Ensures appropriate reporting of material issues to Compliance senior management.
- Develop a strong professional relationship with the head of the business line (and any delegates), with responsibility for ensuring the head of the business is fully confident in the compliance programme and the compliance team.
- Take pro-active steps to foster a team culture in Compliance.
- Actively engage relevant stakeholders - local teams, regulators, risk functions and compliance colleagues to continually value-add to the overall risk management framework.
Qualifications and Skills
- Advanced technical knowledge in typical laws and regulations applicable to the business (or businesses) for which he is responsible.
- Core understanding of variations in such laws and regulations across multiple jurisdictions.
- Advanced grasp of the sales activities of the business, its operating model, and its key risks.
- Financial Markets:
- Knowledge of foreign exchange and interest rate trades, fixed income and other credit product trades.
- Knowledge of trading and sales activity - eg. client flow transactions, portfolio management activity, market making activity, proprietary trading, and the permitted interaction between such activities.
- Knowledge of capital markets origination, distribution and secondary trading - deal mandates, underwriting, book building, placements.
- Knowledge of licensing issues, and basic familiarity with market manipulation/client misselling issues in these markets.
- Advanced knowledge in risk identification, risk assessment, controls development, training, monitoring and reporting.
- Advanced experience, shown by demonstrable achievements in the above areas.
Project management skills
- Has a core grasp of project management and is able to prioritise and manage multiple tasks in a high pressure environment.
- Core experience, shown by demonstrable achievements in a project implementation.
- Advanced ability to analyse relevant laws and regulations and co-relate regulatory issues to products and business models.
- Advanced ability to identify and articulate compliance issues.
- Advanced problem solving and solution finding skills.
- Core ability to carry out data mining and trend analysis.
Communications and client management skills
- Good presentation skills - one-to-one, small group, large group.
- Good teamwork skills.
- Ability to ensure that relevant stakeholders receive relevant and timely information on developments in compliance or in the business, with the priority on ensuring "no surprises".
- Ability to use communications channels appropriate to the situation.
- Ability to resolve disputes.
- Ability to lead discussions around complex problems with relevant stakeholders.
- Ability to drive the compliance agenda with senior business leaders.
How To Apply
You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following:
- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role
- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)
- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application
It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
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.