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Director, FI Advisory and Governance

Standard Chartered
Frankfurt am Main
Vollzeit
15.11.2024
Vollzeit
Standard Chartered

Director, FI Advisory and Governance

Stellenbeschreibung

Job Summary
  • The Financial Institution (“FI”) Client Risk Advisor supports Standard Chartered Correspondent Banking (“CBR”) compliance with Group and Local Financial Crime Risk Program.
  • As the first line defence for the bank’s risk management, the Director, is responsible for supporting the risk assessment and acceptance of the segment as well as ongoing monitoring of the clients’ activities.
  • Contribute to FI Client Risk Advisor Global Initiatives.

Key Responsibilities

Strategy
  • Maintain highest standard of compliance with governance and oversight control.
  • Demonstrate risk ownership as the bank’s first line of defence through compliance to the letter and spirit of the bank policies and procedures advising Relationship Managers (“RMs”) on best practices.
  • Support the FI Financial Crime Governance & Control Team in projects working closely with stakeholders in Financial Crime, Policy Implementation, and other support functions.
  • Support cross bank collaboration with RMs, product partners, technology, and COO functions to implement the FI client strategy with effective processes, controls and capability that is designed to meet the needs of FI business.

Business
  • Critically review clients and prospects based on SCB risk tolerance standards, business model, values, and local market perception ensuring SCB are banking risk appropriate clients.
  • Visit clients either virtually or in-person to discuss and assess their financial crime compliance management programs.
  • Conduct targeted reviews on CBR client’s transactions and control environment.
  • Identify emerging risk trends within the CBR portfolio and take appropriate remediation action steps to manage/mitigate the risks including updating senior management and various stake holders through situational update reports.
  • Assist to prepare and review monthly MIS and client specific issues.
  • Professionally represent SCB supporting relationship team at the highest levels within region and internationally.
  • Ensure continuous personal industry and product knowledge learning partnering with FI Advisory team supporting SCB product offerings in Correspondent Banking, Fintech, Payments, and Digital Assets.
  • Stay abreast developments of the industries in which our clients operate.
Processes
  • Proactively oversee the FI client portfolio to ensure:
    • Key risks and concerns (regulatory, financial crime, reputational and ethical) within the FI portfolio are raised into the relevant governance framework and communicated as appropriate.
    • Support Global Account Manager’s team driving awareness and training on regulatory environment, and changes to applicable Group policy, standards, and procedural changes.
  • Collaborate across the organisation including FCC, Policy Implementation and Operations processes.
People & Talent
  • Build the appropriate culture and values setting standards for effective engagement with CBR customers.
  • Ensure ongoing training and development of people in critical functions supporting CBR financial crimes risk framework.
  • Maintain updated knowledge of regulatory developments and required standards for compliance within CBR.
  • Help to prepare the training material and workshop within the front line.
Risk Management
  • Exemplify the Group’s values and code of conduct developing a robust culture driving adherence with the highest standards of ethics, and compliance with relevant policies, processes, and regulations among team members.
  • Act as a Financial Crime subject matter expert supporting Correspondent Banking business.
  • Ensure key risk issues and concerns are managed and remediated holistically with relevant risk stakeholders, with adequate escalation to Regional / Country Banking Heads and Group/governance committees, as appropriate.
  • Assist RM’s completion of customer onboarding ensuring effective deployment of SCB Financial Crime Risk Program.
  • Contribute to the establishment of tools and processes to better understand CBR client risk environments.
  • Support RMs awareness and knowledge of financial crime issues within their portfolio.
Governance
  • Implement and maintain a strong governance framework.
  • Work with the FI Governance team to ensure good governance across the FI client portfolio.
  • Support various governance Chair’s ensuring effective functioning of Risk Management Committees.
  • Advise RMs supporting them in establishing the highest standards of engagement with the internal governance committees, representing FI/Banks business interests.
  • Maintain awareness and understanding of Group regulatory frameworks, requirements and expectations supporting FI’s.
Regulatory & Business Conduct
  • Display exemplary conduct and live by the Group’s Values and Code of Conduct.
  • Embed the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.
  • Support the teams covering CBR portfolio to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
  • Identify and escalate potential risks and issues to senior management through appropriate governance channels.
  • Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.
  • Engage internal audits and regulatory exams to address, remediate and mitigate high risk clients and/or issues.
Key stakeholders
  • Work with local/Group CFCC, FI Advisory, Sales and Relationship managers colleagues ensuring risk and compliance matters are addressed in an appropriate and timely manner.
Other Responsibilities
  • Embed Group’s brand and values.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Skills and Experience
  • Business writing
  • Using and applying office software
  • Online meeting setup
  • Familiar with Banking terminology
  • Correspondent Banking Knowledge
  • Business Partnering
  • Compliance Advisory
  • Process Management
Qualifications
  • Bachelor’s degree required with advance education preferred.
  • 5+ years of work experience with Correspondent Banking, Fintech, Payments, Crypto/Digital Assets or related financial services products.
  • Strong knowledge of regulations in key jurisdictions with some working knowledge of SCB footprint markets.
  • Fintech related learning; specialized due diligence, sanctions, ICA/ACAMS
  • Experience with financial crime compliance / AML frameworks for FI clients is required.
  • Core product knowledge across the Bank’s offering
  • Structured and process driven, with experience in a multi-cultural team, across borders and time zones.
  • Excellent analytics and reporting skills, being able to cross-check the work and manage communications.
  • Excellent communication/writing skills with ability to get points across to all levels internally & externally.
  • Ability to work towards tight deadlines and manage expectations.
  • Languages: English and/or local language skills (Spanish, Portuguese, or Mandarin language(s) helpful)
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.
Together we:
  • Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
  • Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
  • Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
  • Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
  • Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
  • Flexible working options based around home and office locations, with flexible working patterns.
  • Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
  • A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
  • Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.