Job Description

Role Responsibilities Job Overview * The Risk Controller (RC) role is responsible for and has oversight over Operational Risk Management, control management and audit management across the function/unit that has been assigned to the role. This ro Role Responsibilities Job Overview The Risk Controller (RC) role is responsible for and has oversight over Operational Risk Management, control management and audit management across the function/unit that has been assigned to the role. This role is key and responsible for applying the function&rsquos approach to risk identification and mitigation, control management and audit engagement within the framework set out by the relevant authorities. This operations role ensures a constant state of preparation, readiness and continuous improvement across process, risk management and reduction, audit success, documentation, MIS systems and reporting. To ensure error free work with no operating losses. Emphasis to Identify, assess, monitor, escalate and report operational risks from respective business scope to both business line managers and Unit Head in a timely manner. Ensure Individual Productivity targets are met / surpassed. Job Purpose Assist the Head of Operations in coordinating, driving and directing effective compliance with the prescribed operational risk management framework. Support UORM/GPOS/Unit Manager in driving the implementation of effective controls to minimize / mitigate operational impact. Continuous monitoring for effectiveness and efficiency of controls leading to effective management of Operational Risk. Suggest / Facilitate Implementation of controls within the business unit to meet all regulatory and internal requirements. Quality Assurance: To make sure the quality assurance of operational risk controls across all processes in the corresponding business area. Competency and Effectiveness: To be fully competent in control measure skills and methodology in conducting sample testing, quality checking, and monitoring to be effective in identifying control process gaps, timely escalation of identified issues or risks, and any effective actions to mitigate within the accepted timeframe. Independence toward control management: To conduct independent and effective sample testing, monitoring, and investigation on all related processes with control measures in order to provide feedback to the Business head/Unit Head/ and control functions in timely manner. To ensure quality of Root Cause Analysis from the issue identified during the period. Monitoring and escalation: To be responsible for monitoring all processes in the corresponding area and escalate any issues and risks to the Line Manager / Unit Head. Investigation, logging and monitoring of Ops Risk issues, events including development and implementation of action plans Risk Management Compliance with all relevant Group Credit Policies & Procedures related to Client Coverage (CCIB) Compliance with all relevant Group Money Laundering Prevention Policy Compliance with Group Operational Risk procedures Regulatory & Business Conduct Display exemplary conduct and live by the Group&rsquos 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 country / business unit / function / Risk & Control team to achieve the outcomes set out in the Bank&rsquos Conduct Principles: [Fair Outcomes for Clients Effective Financial Markets Financial Crime Compliance The Right Environment.] . Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Key Stakeholders Unit Line Managers and Process Owners within and outside of the unit in the management of controls Peer RPs in other units in managing cross functional risks and sharing of best practices UORM/GPOS for advice and guidance and steering with regards to group initiatives Group Operational Risk (GOR) for interpretation and effective implementation of its Policy and Procedures Legal & Compliance for interpretation of and consultations on regulatory requirements. Group Internal Audit and external auditors on audit and reviews. Other Responsibilites Risk Reviews Execute risk / control reviews as per plans and in consultation with the UNIT MANAGER/UORM Track to closure, all actions and risks arising from the reviews Ensure that the affected Unit is sufficiently prepared for upcoming audits Review and advice UNIT MANAGER /UORM on the adequacy of management response to audit findings for the Unit Monitor and track progress and timely closure of audit findings Share thematic risk & audit findings across units. To ensure updating of all risk/loss related issues in M7 and escalation to Unit Manager/UORM as applicable. Compliance with all applicable process procedures, guidelines, rules & regulations of company and Group Policies relating to Risk. Ensure unit specifically complies with Group Money Laundering Prevention / Sanctions Policies and Procedures to the extent applicable and reports all suspicious transactions to the risk authorities and stakeholder groups. Risk Committee Meetings Facilitation of pack production for the unit risk committee meetings. Provide challenge to ensure robust compliance to OR policies and framework Submission of risk and control related details to functional risk forum within schedule and at the required quality Facilitate, Coordinate and consolidate operational risk and loss reporting of the unit for the reporting to the BORG, UNIT MANAGER and Business Unit Head. Ensure data accuracy and completeness. Management Information Ensure integrity of source and the processing of data to deliver accurate representation in management information. E-Learning Ensure timely completion of all E Learning Courses Enrolment of Discover as one of the learning path. Projects drive by Group and MIS Ensure that Productivity MIS is updated accurately and immediately after the completion of processing the respective transaction. Actively participate in automation Initiatives Ensure that knowledge on Systems and procedures is updated by keeping track of periodical circulars and other instructions issued Issue Management (records in M7) Investigate, document and report risk events and treatment plans on M7 in conjunction with Unit Managers and keep them updated Ensure that the OLEs and ORIs are updated and approved on a timely manner Key Relationship Unit Line Manager and Process Owner within and outside of the unit in the management of controls. Peer RCs in other units in managing cross functional risks and sharing of best practices UORM/SOROs for advice and guidance and steering with regards to group initiatives Group Operational Risk (GOR) for interpretation and effective implementation of its Policy and Procedures Legal & Compliance for interpretation of and consultations on regulatory requirements Group Internal Audit and external auditors on audit and reviews Key Measurables The performance of the Risk Controllers will be measured by: Effectiveness of the controls and monitoring of operational risks and control at the Unit level. Zero overdue actions arising from Risk Reviews, Control exceptions, audit findings Satisfactory results on audits undertaken by Group Internal Audit, FSA, regulators and external auditors (relating to the unit) Timely reporting and escalation of all operational risk exposures and control failures to comply with OR policies and framework Monitoring and adherence to timeliness on Risk & Control or Group initiatives Cross team collaboration - proactive engagement with stakeholders Our Ideal Candidate Qualifications Preferably Graduate / Post Graduate Basic Understanding of Banking with experience ranging from 5-15 years Advanced Product & process knowledge (knowledge in terms of customers, products and transactions) Core Risk awareness Banking operations experience (Static data ,Credit, Client Service, CDD, payments, trade, markets or other) and service oriented attitude. Good Oral & Written communication. Full understanding on Bank&rsquos RMF, ORMF and skills in managing operational risk. Sound judgement and courage to perform a risk and control role and maintain effective working relationship in the first line of defence Fully competent in sample testing methodology, conducting quality check and assuring operational risk being properly managed in the first line 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. Visit our careers website www.sc.com/careers