Compliance Manager

Standard Chartered Bank - UAE
Jordan

Ref: HP048-142
Standard Chartered Bank - UAE

The Role


The Role


Key Roles & Responsibilities

Regulatory Risk Identification and Policy Setting

*Leads in the identification of material regulatory risks in-country through measured analysis of factual scenarios and / or documentation.
*Anticipates, assesses and communicates key regulatory risk trends in-country, for management consideration, and drives the development and implementation of appropriate mitigation control measures.
*Identifies new banking regulations and laws and ensures the implications are appropriately notified to all relevant parties.

Regulatory Relationship Management

*Manages and develops the relationship with the country's Regulator, along with the Country Head of Legal Compliance & Assurance, according to the Regulatory Relationship Plan.
*Builds trust through meeting regulatory commitments and having regular briefings with regulators.
*Ensures the Bank is properly prepared for Regulatory inspections and coordinating the response with the business.

Regulatory Advice

*Provides timely regulatory advice and recommendations on key issues (including on Prudential Regulation, in partnership with Finance and Risk Functions) and proactively monitors regulatory developments.
*Provides guidance on proper application and interpretation of banking laws, regulations and policies applicable to the country.
*Sets control standards and provides advice on the development of appropriate controls for the mitigation of regulatory risks.
*Assists in overseeing relevant administration and licensing as required by the local regulatory requirements.
*Deliver Compliance Training to all related staff

Regulatory Compliance Training

*Delivers or procures delivery of a program of activities that educates and encourages managers and staff to operate in compliance with relevant laws, regulations and policies. Such training would include key group compliance and regulatory issues, for example Outsourcing, Senior Management Responsibilities and Code of Conduct.
*Assists in the development of an effective country-wide compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.

Compliance Monitoring

*Establishes and coordinates the risk-based Compliance Monitoring Plan to include: relevant ORA, business specific compliance reviews, other functional compliance reviews, routine checks and approvals.
*Coordinates and performs Regulatory Compliance Reviews in businesses and functions.
*Ensures all Control Room procedural requirements are met, including PDRs and disclosure requirements.

Compliance Reporting

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

Compliance Business Partnering

*Uses general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions, and to keep the local regulator updated on developments in the businesses.
*Assists the Country Head of Compliance & Assurance and Senior Management in ensuring that the Bank and its subsidiaries operate in accordance with the relevant local requirements and Group regulatory compliance standards, so as to protect and enhance the reputation of the Bank.
*Proactively drives the development and maintenance of good relationships with internal and external stakeholders at appropriate levels ensuring an open and cooperative environment.
Team Leadership and Stakeholder Management
*Ensures appropriate team resources, skills and capabilities to support business growth and address risks.
*Sets and establishes team objectives and priorities through discussions with relevant stakeholders, ensuring alignment with the businesses' agenda. Undertakes regular performance and development reviews and discussions.
*Ensures engagement reviews, such as Q12 impact planning, occur and conducts career discussions with all staff.
*Ensures that team members work effectively and proactively with business compliance and other support function teams to manage in-country regulatory risks.

Closing Dates

The closing date for applications is 26/04/12. 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.

Requirements


Requirements


*Ability to make balanced commercial judgments and provide pragmatic solutions
*Ability to drive efficiencies and innovation in achieving objectives
*Excellent relationship and customer management skills.
*Effective management of operational risk within the Jordan Compliance & Assurance function including proper functioning of embedded and periodic controls
*Acting as the Operational Risk Manager for the Jordan Compliance & Assurance function.
*Product Knowledge - Knowledge of business areas and their products and the relevant regulatory and legal requirements that apply.
*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
*Governmental and Regulatory Relationships - The ability to manage the relationship with relevant government and regulatory stakeholders, to understand their concerns and influence them to effectively manage our external operating environment.
*A good operational knowledge of the processes

About the Company


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.
This Position is closed or expired