Job Description

Job : Compliance
Primary Location : Asia-Malaysia-Kuala Lumpur
Schedule : Full-time
Employee Status : Permanent
Posting Date : 31/Jan/2023, 3:06:37 AM
Unposting Date : Ongoing


RESPONSIBILITIES
Strategy

• Oversee the implementation of the SCB Group Compliance methodology (encompassing risk identification, assessment, monitoring, training and product / business advice).
• Drive and implement the vision, strategy and direction set by Group Head GBS and Group Head Compliance for the Compliance Function overseeing GBS, and align it with the broader strategic agenda of the Group and GBS.

Business

• Analyse comprehensive impact of Compliance matters on the relevant business areas and their operations.
• Ensure that key changes (to laws, rules, regulations) are communicated and cascaded, in coordination with Group Communications.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Ensure appropriate advice is provided to the relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices, and policies related to Compliance.

Processes

• Recommend for approval by the relevant Risk Committee, appropriate policies / processes / DOIs to address Compliance risks, aligning them with relevant regulatory requirements.
• Provide support and challenge to the Management team to ensure that they established and monitor appropriate processes for Compliance with compliance policies, procedures, and standards (including meeting regulatory obligations and maintaining high standards of conduct).
• Provide governance and oversight over the implementation of Compliance-related policies and procedures in GBS to ensure compliance with such policies and procedures.

People and Talent

• Ensure the holders of all critical functions are competent, suitably skilled and qualified for their roles.
• Access competency and skillset of the team on an ongoing basis to ensure alignment to the risk management demands, and ensuring the team have effective supervision in place to mitigate any risk.

Risk Management

• Identify and assess sources of regulatory risks and ensure that systems and controls are appropriate to mitigate and manage risks within acceptable risk tolerance levels. Report on material regulatory, compliance risks.
• Maintain oversight of risk mitigation action plans.
• Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Anticipate horizon risks that may have a significant impact to the Group and develop effective strategies to mitigate such horizon risks.

Governance

• Ensure lessons learned from audit findings, Compliance assurance activities and investigations are prepared and cascaded to relevant stakeholders.
• Support the product programmes and country / GBS addendum framework.

Regulatory relationships and Regulatory change

• Execute and implement functional best practices around regulatory inspections.
• Ensure proactive and timely identification, assessment, advice, and dissemination in accordance with the respective Group framework, of evolving regulatory changes / practices and associated risks in and relating to GBS.
• Ensure proactive engagement in regulatory reform, including ensuring identification and escalation of regulatory reform proposals, participation in local internal regulatory relationship and reform forums and memberships of local external industry forums.

Exclusions

• For clarity areas for control and oversight excluded from responsibilities include:
• Fraud-prevention
• BCP/crisis management
• Conduct of business matter outside GBS
• First line assurance (except processes owned by Compliance)
• Second line rules based assurance activity of any process not directly related to regulatory risk
• All prudential related matters

Role Specific Technical Competencies

• Spot opportunities
• Solve problems
• Take the Lead
• Build Resilience
• Collaborate
• Communicate
• Deliver Sustainability
• Achieve Results

Technical Competencies

• Compliance policies and standards
• Compliance Advisory
• Compliance review and FCC Assurance
• Surveillance
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison
• Manage change
• Manage Projects

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