Director, CFCR CIB Client Coverage

1 day ago Be among the first 25 applicants Get AI-powered advice on this job and more exclusive features. Job Summary This role will provide CFCR advisory for Correspondent Banking covering Asia (GCNA and ASA) for CIB Client Coverage clients. Materially contribute towards the implementation of the vision, strategy, and direction for CIB Client Coverage CFCR Advisory teams, as set by the Global Head, CFCR Advisory, CIB Client Coverage in support of the CFCR function and the Bank’s strategic direction and growth aspirations. Continue to improve the Group’s approach towards reducing regulatory conduct and financial crime risks throughout the CIB Client Coverage client lifecycle (from on-boarding to off-boarding) to protect the reputation of the Group and to avoid significant financial loss. Provide exemplary support to colleagues with responsibilities for CIB Client Coverage. Primary focus will be on Correspondent Banking but may also include other areas such as FinTech, Digital Assets, credit risk, fraud risk, data, business development, KYD, CDD, complaints, or sustainability for cross-skilling purposes. Build and maintain an effective and constructive relationship with all relevant key business and functional stakeholders that is based on trust, capability, and integrity. Provide and succinctly communicate timely and quality CFCR advice, analysis, and challenge (as appropriate) to enable the business and functions to achieve their objectives. Focus will be on Correspondent Banking covering Asia (GCNA and ASA clusters). Develop a comprehensive understanding of the CIB Client Coverage Corporate Strategy and the Asia Correspondent Banking Client Portfolio to provide relevant CFCR advisory, oversight, and challenge to manage CFCR risk in Correspondent Banking. Provide robust challenge to senior management and all relevant business stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary, until appropriate oversight and ownership is achieved. This may include overseeing any remedial actions needed to come back within risk tolerance/ appetite. Embrace the SPOC model. This includes (but is not limited to): taking ownership of incoming queries by not handing them off, taking a leading role in actively becoming the go-to person for the business/function and ensuring advice provided is consistent throughout CFCR Advisory in relation to Correspondent Banking (Asia). Key Responsibilities Support efforts to anticipate horizon risks that may have a significant impact on the Bank and develop strategies to mitigate such horizon risks including global standards for conduct of business. In the event of serious regulatory (or risk tolerance) breaches ensure appropriate and timely escalation within the Group 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 impacting CIB Client Coverage. Provide CFCR oversight, advisory, and/or challenge to the management of event driven risk in the Asia Correspondent Banking client portfolio. This includes supporting the assessment of inherent compliance and financial crime risks, reviewing Clients’ FCC control frameworks, and participating in ‘compliance to compliance’ meetings. Implement or contribute to the management of MI to ensure all issues and matters relating to Correspondent Banking in CIB Client Coverage are tracked, regularly assessed, and reported on. Including oversight of any risk acceptances, mitigating action plans, identification and management of high-risk clients, or specific country reviews. Provide robust challenge to and maintain oversight of risk acceptance and/or mitigating action plans relating to CIB Client Coverage where CFCR is the Risk Framework Owner. Take a leading role in the proposal of control improvements, enhancements and simplifications relating to CIB Client Coverage processes that manage CFCR risks in Correspondent Banking. Assist the Global Head of CFCR Advisory, CIB Coverage to provide reports to relevant Group and Business risk and control committees and management group on key CFCR risks and issues pertaining to Correspondent Banking. Provide intelligence and analysis (to internal forums) on specific clients, client-types, and emerging risk typologies, and to support the calibration of bank’s Risk Methodologies (including aggregate client risk, product risk and country risk assessments). Drive the identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework. Support the management of end-to-end life cycle of audit, assurance, and regulatory reviews, in relation to CIB Client Coverage (with a focus on Correspondent Banking), including tracking, remediation, and preparing lessons learned from such reviews. Develop control effectiveness and efficiency improvements and simplifications where appropriate. Within the Group's overall ERMF, support risk-based compliance frameworks for identifying, assessing, managing, monitoring, mitigating, and reporting compliance and financial crime risks relevant to Correspondent Banking in CIB Coverage. Drive the governance and oversight over the implementation of CFCR related policies and procedures with respect to CIB Client Coverage Correspondent Banking. Support efforts to establish and maintain effective processes to ensure that policies and standards to address CFCR risk are effectively implemented across CIB Client Coverage. Provide second line oversight and challenge to ensure the continued effectiveness of CIB Client Coverage owned processes in relation to Correspondent Banking. Provide support and challenge to the relevant Business stakeholders e.g. COO teams to ensure that they establish and monitor appropriate processes for compliance with CFCR policies and standards (including meeting regulatory obligations and maintaining high standards of conduct). Role model the Standard Chartered valued behaviours and proactively contribute to maintain a strong culture within the team. Provide constructive developmental feedback at a business, function, country, and individual level as appropriate, in relation to CFCR matters. Pro-actively share subject matter expertise, best practice, and lessons learned across the network between CFCR Advisory and Centre of Expertise colleagues especially in relation to regulatory compliance and financial crime compliance risks as they pertain to CIB Client Coverage Correspondent Banking. Assist CIB Client Coverage Advisory CFCR teams in regions and countries as needed. Collaborate with training teams to input into Correspondent Banking training curriculum(s) to support closing of capability gaps and to meet the training needs of CIB Client Coverage. Assist from a CFCR perspective in the review of new business requirements and provision of solutions for CIB Client Coverage relating to Correspondent Banking. Support key change programmes and projects for CIB Client Coverage CFCR Advisory and CIB Client Coverage as required. Display exemplary conduct and live by the Group's Values and Code of Conduct. Effectively and collaboratively identify, escalate, mitigate, and resolve risk and CFCR matters. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct. Other Responsibilities Embed Here for good and Group’s brand and values in CFCR CIB Client Coverage Advisory Team. Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards. Skills And Experience Business Acumen Business Ethics CFCR Risk Type Advisory Cross-functional Collaboration Managing Change Organizational Governance Regulatory Environment - Financial Services Risk Management Qualifications The candidate will ideally require experience working in a Financial Institution with Financial Crime Compliance (FCC) or Compliance experience supporting Correspondent Banking. The candidate will ideally possess the following specific experiences: University Graduate or equivalent degree preferred. 8+ years working in Financial Institutions and/or FinTech Entities in FCC or Compliance Functions. Experience assessing and managing FCC and/or Compliance risk associated with Correspondent Banking. Ability to foster positive relationships with internal and external stakeholders at a senior level ensuring open collaborative environment. Ability to work independently and deliver efficient outcomes working through complexity and ambiguity. Demonstrated relationship building skills - both internal and external across multiple jurisdictions. High level of integrity and professionalism. Strong planning and organisational skills. Professional Accreditation such as Enhanced Competency Framework (ECF) under the HK Institute of Bankers (HKIB) would be an advantage. About Standard Chartered We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us. Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion. Seniority level Director Employment type Full-time Job function Sales and Business Development Industries Banking #J-18808-Ljbffr