Associate Director, FCC, Business Risk Assessment OR
Key Roles and Responsibilities
To identify, analyse and report the Business Unit's operational risk issues in a transparent and accountable manner
To assist the Project Manager in developing and updating procedures, controls and monitoring plans for Operational Risk Management
To assist the Project Manager in the implementation of relevant risk policies and tools in accordance with Group policies and standards
To undertake periodic process & controls based reviews to ensure key operational risks are identified and effective mitigation plans are put in place
Identify and report all exceptions on non compliance with standard controls
Identify and report all weaknesses inherent in the standard controls
Prepare dashboards reflecting key metrics
Track operational risk issues and liaise with Business Unit heads to follow up on outstanding actions
Proactively build / sustain relationships with the Business
Assist in the Implementation of best practice operational risk strategies, policies and procedures
Work closely with the Business Risk Assessment Team and FCC Operational Risk team to ensure the operational risk controls and monitoring plans are well understood, managed and communicated
Where required, support global regulatory interaction, particularly in relation to requests for information from audit or regulators
Perform other ad-hoc tasks as requested
Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
Providing governance and oversight over the implementation of FCC-related policies and procedures in Group to ensure compliance with such policies and procedures.
Understand technical aspects of processes / systems relevant to Business Risk Assessment.
Review and assess existing system and controls relevant to Business Risk Assessment Team to ascertain operational performance and effectiveness.
Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
Apply Group and FCC policies and processes (business risk assessment) to manage risks.
Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
Conduct a root cause analysis on the control/other failures to ensure lessons are learned across the bank.
Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk assessment).
Propose control improvements, enhancements and simplifications where appropriate.
Support all control checks undertaken by FCC Business Risk Assessment under the Operational Risk Framework (ORF).
Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC Group and Business Risk Assessment function.
Collaborate with the relevant teams (Group Ops Risk, FCC controls) in seeking sign-offs and approvals
Awareness and understanding of the team's governance standards and ensuring that it is adhered to
Ensure that all deliverables (DOIs, documentation, ORF) remain updated with appropriate levels of approvals / changes / impacts clearly documented
Maintain audit trail of all relevant changes / discussions held
Communicate changes to the team whenever relevant to maintain the integrity of the documentation and process implemented
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 FCC Group and Business Risk Assessment Operational Risk 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.
Group Head of GRA
Group Head of CRA
Group Head of Operational Risk
Embed Here for good and Group's brand and values in FCC Group and Business Risk Assessment Operational Risk
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Qualifications and Skills
Bachelor's Degree in Business, Finance or other relevant field, or Diploma holders with 6-8 years of relevant experience
Excellent oral and written communication skills
Detail oriented and is able to work independent and enjoys working and interacting with people
Ability to manage a diverse and challenging stakeholder community
Strong organization skills, can-do attitude and drive
Delivery oriented - Deliver with quality, on time, and on budget
Experience in Financial Crime Compliance highly desirable