Associate Director, CFCC Advisory, Malaysia

Associate Director, CFCC Advisory, Malaysia

Standard Chartered
Not Specified
Not Specified

Job Description

About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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

  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
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, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.

Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
The Role Responsibilities

I am responsible for supporting the Head, CFCC Advisory in various aspects of Advisory Regulatory liaison ensuring compliance with regulatory obligations and Internal Review Management. This includes activities within the risks owned by the CFCC function which are hubbed or outsourced and for the avoidance of doubt, includes those risks relating to Financial Crime Risk (i.e. Anti-Money Laundering Risk, Sanctions Risk, Anti-Bribery & Corruption Risk and Fraud Risk).
. To help the Bank meet its commitment of being Here for Good by building a sustainable framework that
places CFCC best practice standards, at the forefront of the Bank's agenda.
. Support the implementation of the vision, strategy, direction and leadership for CFCC Advisory team, consistent with Country Head, CFCC vision and strategy for the CFCC function and in support of the Bank's strategic direction and growth aspirations.
. Drive high standards of regulatory compliance and deliver key priorities and initiatives, aligned to Advisory CFCC's Priorities.

. As an independent second line risk control function, execute the relevant aspects of the CFCC frameworks through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the Group's business.
. Promote the culture and practice of compliance with CFCC standards (including conducting business within regulatory requirements, and to high ethical standards) within the Bank and embed a Here for good culture and the Group Code of Conduct.
. Collaborate with the rest of the CFCC Management Team to achieve common platforms and work plans, implementing a One Bank approach covering all Clients.
. Input to Country Business operating model design of relevant CFCC and business processes.
. Execute the relevant aspects of the Compliance, Conduct and Financial Crime Principal Risk Types through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the Group's businesses.
. Deliver timely responses and escalation of risks and issues where the management tolerance is exceeded.
. Supporting the management of regulatory relationships with all of the Bank's regulators, whose rules the Bank is subject to and ensure key changes (to laws, rules, regulations) and communicated and cascaded in coordination with group communications.
. Drive high standards of regulatory compliance and deliver key priorities and initiatives, aligned to the business performance scorecard.
. Develop a comprehensive understanding of the business model and strategy in order to provide substantive oversight support and challenge in order to enable appropriate and sustainable CFCC outcomes. This includes providing C
. Promoting the culture and practice of global standards to the business, while managing local requirements.
. The role holder is not responsible for CFCC first line processes unless specifically delegated by and/or agreed with the group process owner. This includes CFCC processes operated to manage risks in business such as name screening or transaction monitoring.
. The role holder is not responsible to ensure that Business and CFCC process owners agree their respective handoffs, which ought to be documented in a service level agreement. However, consistent with the advisory second line responsibilities under the ERMF, the role holder is responsible to ensure that in the absence of an agreement or if responsibilities are poorly executed, the risks inherent in business are addressed in line with the ERMF.
. Provide governance and oversight over the implementation of CFCC related policies and standards relevant to business, including collaborating with the Country Head, FCC in the preparation of gap analysis for FCC policies or standards, and reviewing segment-specific deviations to such policies and standards. The segment's application of any FCC deviations needs to be endorsed by Country Head, FCC.
. Develop and maintain effective policies/processes/DOIs (including training, advice and support) to address CFCC risks across business, aligning with Group and relevant regulatory requirements. Risk of potential noncompliance with FCC laws or regulations should be escalated to the Country Head, FCC.
. Provide support and challenge to the Bank's senior management to ensure that they establish and monitor appropriate processes for compliance with CFCC policies and standards (including meeting regulatory obligations and maintaining high standards of conduct).
People and Talent
. Build the appropriate culture and values. Work in collaboration with risk and control partners.
. Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
. Stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
. Attend ongoing training and development to ensure that I am competent, suitably skilled and qualified for my roles.
. Support migration of skill, knowledge, best practice and lesson learned across the network between CFCC Advisory colleagues especially in relation to legal/regulatory risks and compliance with relevant regulations and internal policies/standards as they pertain to business.
Risk Management
. In accordance to the Group's Enterprise Risk Management Framework (ERMF), act as second line Risk Owner for appropriate and relevant business processes.
. Collaborate with the CFCC Management Team, Group & Regional CFCC Advisory Teams to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct of business.
. Ensure effective management of CFCC Advisory matters, and in collaboration with the rest of the CFCC team, effectively manage regulatory issues that have a significant impact on the CFCC Advisory. FCC related notifications / reports made to a regulator should be made in consultation with the Country Head, FCC.
. In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management in the Group and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased. Where relevant breach reporting includes FCC risks, this should also be in consultation with the Country Head, FCC.
. Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform.
. Assist and work closely with the Group Shared Investigation Services team in relation to regulatory changes/practices and associated risks, and proactive engagement in regulatory reform.
. to business where appropriate.
. Ensure the end-to-end life cycle of audit, assurance and regulatory reviews in business is managed appropriately, including tracking, remediation and preparing lessons learned from such reviews.
. Within the Group's Enterprise Risk Management Framework, establish and maintain appropriate risk based CFCC framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory and financial crime) risks across business.

Project/Change Management
. Support key change programmes and projects for CFCC Advisory.
. Maintain workplans specific to CFCC advisory projects/ initiatives, and communicate the same to stakeholders in a regular, timely fashion to inform and seek inputs.
. Review new business requirements and provide CFCC solutions for business where required.
. Manage and protect business as usual (BAU) capability during change programme, as well as during the execution and delivery of the Remediation initiatives through project phase into BAU
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.
. Embed Here for good and Group's brand and values in CFCC Advisory Team
. Perform other responsibilities assigned under Group, Country, Business or Functional policies and standards.
The above responsibilities extend to advisory support given to Standard Chartered Saadiq Berhad, Standard Chartered Bank, Offshore Labuan and SCBMB Trustee Berhad, Price Solutions

Our Ideal Candidate
  • Advanced Regulatory Compliance Certificate
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Job Details

Standard Chartered plc is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people. It is a universal bank with operations in consumer, corporate and institutional banking, and treasury services. Despite its UK base, it does not conduct retail banking in the UK, and around 90% of its profits come from Asia, Africa, and the Middle East.

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