Promote, lead and manage the culture and practice of Country compliance with the letter and spirit of regulatory requirements and ethical standards in the conduct of business.
To provide Group and Country leadership with confidence that businesses and functions are operating within prevailing laws, regulations and Group procedures, and that associated control effort is proportionate to risk, and work towards optimising relationship with regulators and balancing the needs of various stakeholders.
To provide independent assurance of compliance to internal and external obligations through a coordinated programme of Compliance Reviews and Monitoring.
Responsibility also extends to activities supporting SCSB (Saadiq) as well as the Group, its subsidiaries, related and associate companies as and when it is required, unless it is prohibited by local laws or regulations.
Key Roles and Responsibilities
Regulatory Relationship Management
Provide assistance to the Head of Regulatory Compliance in ensuring the Bank is properly prepared for Regulatory inspections
Maintain good relationships with regulatory bodies through the execution of a structured regulatory relationship plan.
Compliance and Regulatory Advisory and Product Risk Management
Provide stakeholders with the advice necessary to ensure that the Bank and its subsidiaries operate in accordance with relevant local requirements and standards of the regulatory system, Group standards, and the code of conduct so as to protect and enhance the reputation of the Bank.
Ensure compliance with laws and regulations and Group policies through a detailed understanding of local regulatory requirements and close coordination with Country Business Compliance Advisers and product specialists for banking products.
Advise and provide support on compliance issues as required and proactively monitor regulatory developments
Set and maintain standards of compliance risk management through an effective process of risk identification, assessment, mitigation.
Provide assurance of compliance to key obligations through the delivery of a comprehensive risk-based Compliance Review and Monitoring programme for areas identified as high risk in the annual country compliance risk assessment process
Training and Awareness
Raise awareness of, and address, Compliance and regulatory risks and issues by providing specific training on regulations and compliance policies.
Proactively engage with stakeholders to ensure that the Country Compliance function's objectives and priorities are aligned with business direction and that compliance risks are considered throughout the product life-cycle.
Assist with the timely submission of compliance related reports to the Board of Directors, Group and Regional Compliance coordinating with relevant parties to obtain all required information
Proactively identify and analyse compliance trends or issues and provide solutions for escalation to Senior Management
Operational Risk Management for Compliance
Support the operational risk framework by creating synergy with other functions providing assurance activities
Contribute to effective management of compliance and operational risk for the compliance function in Malaysia
Ensure all audit/ review issues highlighted by regulators/ Audit are adequately addressed and remedial actions taken
Qualifications and Skills
Sound knowledge of Compliance and Regulatory matters; preferably with at least 9 years of relevant banking, compliance, operational risk and audit-related experiences.
Background or experience in information technology security or operations is an advantage
Strong Leadership, Strategic Thinking and Analytical capabilities, and Communication skills.
An inquisitive approach to practices, procedures and specific transactions with attention to detail
Ability to influence and work collaboratively with colleagues across Compliance (i.e. Business, Regional and Country), Operational Risk, Group Internal Audit, and other respective Business and Group Functions, and including problem solving.
Thorough knowledge of banking and other regulations in the country of location
Strong analytical skills
Good judgement enabling the provision of sound advice in difficult areas of law, regulation and practice and the proactive management of compliance and regulatory risk
An inquisitive approach to practices, procedures and specific transactions
Independence and robustness
Personal authority, integrity, and ethics
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.