Compliance Manager - Retail Clients

Job description / Role

Why Standard Chartered?

Standard Chartered is a leading international banking group operating for over 150 years in Asia, Africa and the Middle East. We've built a successful and sustainable business by playing a fundamental role in economies, helping people and businesses grow and achieve their aspirations. With over 89,000 employees representing 127 nationalities, we value the diversity and unique perspectives amongst our people. We are committed to developing their strengths and enabling them to make a difference to our success by helping them fulfil their potential.

Job Description

The role holder assists the CB Compliance team in providing advice to ensure that the Business is meeting the Bank's and the relevant regulators' expectations. The role holder will also assist the Head of CB Compliance (HoCB) in his monitoring role by participating in business reviews and ensuring compliance with the Bank's policies.

Key Roles & Responsibilities

Regulatory and Product Risk Identification and Policy Setting

* Identification of material regulatory risks in the business, including those related to products and customer segments, through measured analysis of factual scenarios and / or documentation.
* Anticipates and assesses key regulatory risks in the business for management consideration and drives the development and implementation of appropriate mitigation control measures.
* Identifies regulatory risks associated with existing products and those under development.

Regulatory Advice

* Provides timely local regulatory advice and recommendations to the business under the supervision of the HoBC
* Proactively monitor business specific regulatory developments
* Works collaboratively with the business to ensure that appropriate control standards and assurance procedures are developed and followed.

Regulatory Training

* Assist the HoBC in delivery of a programme of activities that educates and encourages business managers and staff to operate in compliance with relevant laws, regulations and policies. Such training would include key group and business specific compliance or regulatory issues.
* Assists in the development of an effective internal business compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.

Compliance Monitoring

* Supports the development of Compliance Monitoring Plans by participating in business specific compliance reviews, routine checks, transaction monitoring and approvals.
* Assist the HoBC in the completion of the Business Compliance Risk Review.

Compliance Reporting

* Assist the HoBC prepare regular and accurate reports that demonstrate understanding, provide clear analysis and are escalated to the relevant business and risk managers and governance bodies.
* Assist in ad hoc business specific enquiries and surveys as requested by the regulators from time to time.

Compliance Business Partnering

* Uses technical knowledge of all business products undertaken in the jurisdiction: to provide sound, technical product, regulatory and transactional advice to the business on a timely basis; to structure an appropriate compliance and regulatory control framework to govern the business; and to anticipate the impact of regulatory and compliance developments on the business and communicate such impact to the business.
* Assists the Country Head of Compliance & Assurance and Senior Management in ensuring that the business operates in accordance with (a) their legal and regulatory requirements and (b) Group standards of conduct, so as to protect and enhance the reputation of the Bank.
* Proactively drives the development and maintenance of good relationships with internal and external business stakeholders at appropriate levels ensuring an open and cooperative environment.

Stakeholder Management

* Ensures proactively and effectively working relations with other compliance and business teams to advise and assist in the management of in-country and business-wide regulatory and product risks.

Requirements

Qualifications & Skills

* Product Knowledge - Detailed knowledge of specialist business areas, their products and the specific regulatory/legal requirements that apply to these business areas and products.
* An understanding of product risks and their regulatory implications.
* Business Compliance - The ability to: assess the impact of local regulations on the business; understand how to apply such local regulations to the business to meet regulatory expectations; provide sound technical product, regulatory and transactional advice on a timely basis; and assist in structuring an appropriate compliance and regulatory control framework to govern the business.
* Governance and Legal Structure - Knowledge of the system of internal controls that enables effective management of the affairs of the Group locally. Detailed knowledge of local risk reporting and governance/ management structures, and the regulatory and legal obligations of country management.
* Interpretation & Regulatory/ Policy Advisory Guidance - The ability to identify and assess relevant laws and regulations to provide solutions to business needs. Detailed knowledge of local laws and regulations including: an ability to anticipate future regulatory requirements based on thorough research; a thorough knowledge of Group policies and how they apply to the local market environment; an ability to offer considered, practical and cost effective business solutions to ensure regulatory compliance.
* Products and Services Delivery - Knowledge of local regulations, Group and business policies and procedures as they apply to local business products. Knowledge of local and regional/global (where appropriate) regulatory developments and understanding of how these affect local and cross-border business delivery of products and services. High-level of understanding of the products and services of the Bank.
* Business Solutions - The ability to develop relationships with business partners by proactively identifying compliance and regulatory risks in product ranges, including new product launches and works with business partners to offer cost effective and considered solutions to potential product risks.
* Business Management.
* Ability to make balanced commercial judgements and provide pragmatic solutions
* Ability to drive efficiencies and innovation in achieving objectives
* Excellent relationship and customer management skills.

How To Apply

Please apply online. To help speed up your application, please note the following:

- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role

- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)
- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application

It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.

Closing Dates

The closing date for applications is 31/08/2014. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.

Diversity & Inclusion

Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.

About the Company

Standard Chartered Bank started in 1958 in UAE with its first branch in Sharjah. The Group’s business gradually increased in Dubai with the opening of several branches and today, Dubai is the administrative hub of the Middle East and South Asia Region. In its 43rd year, the Bank enjoys the position of having the most extensive branch network among foreign international banks in UAE with 10 branches emirate-wide.

Standard Chartered is an international bank, focused on the established and emerging markets of Asia, Africa, the Middle East and Latin America with an extensive global network of more than 600 offices in over 50 countries. The three principal business groups are Global Markets, Personal Banking and Corporate and Institutional Banking.

In UAE, we are one of the leading banks, offering an extensive range of products and services for personal customers, local companies, multinational corporate and financial institutions.