Job closed
Ref: HP048-682
Job description / Role
This position is accountable for the successful completion of all regulatory remediation deliverables governed by the Financial Crime Risk Committee.
The position is responsible for leadership of the overall FCC UAE Plan team and also has oversight (matrix) management responsibility for all projects and programs that are delivering remediation actions tracked by the UAE Financial Crime Risk Committee.
Position responsibilities include overall governance of the conduct of the program as well as oversight of the execution of remediation deliverables.
The incumbent plays a key role in managing stakeholder relationships and expectations as well as aligning the program to the FCC UAE Plan, Standard Chartered's UAE strategic roadmap for Financial Crime Compliance (FCC).
Key Roles & Responsibilities
Program Governance:
- Successful execution of all UAE regulatory remediation actions and relevant FCC UAE Plan deliverables
- Maintain timely fulfillment of deliverables and completion of validation memos via rigorous process management over the entire life cycle of all remediation projects and action plans
- Foster effective partnerships with all participants in the remediation action process from Accountable Executives and Project Managers to Audit, FCR Monitoring and the Monitor(s)
- Closely track project and action plans to ensure that project teams and accountable executives proactively identify risks and escalate them on a timely basis with effective risk mitigation plans
- Control all program and project components through strict alignment with all operational risk framework (ORF) requirements, e.g. HORP (High Operational Risk Project) assessments
Expense Management:
- Control expenses within approved spending limits via ongoing review of forecasts and budgets to evidence that expenses are substantiated, forecasts are fact-based, and variances pre-approved
- Continuously review and challenge expense components via ongoing dialogue with accountable executives and project managers to refine and optimize UAE FCC Plan investment spending
- Identify and implement opportunities for cost efficiencies within the UAE FCC Plan by leveraging the most cost-effective resources and rationalizing use of higher-cost external resources
Sustainable Improvements:
- Facilitate satisfactory execution of remediation deliverables to enable transition into BAU functions with proper assurance of adequate staffing, reliable technology and robust policies and procedures
- Ensure that validation memos and documentation of completed remediation actions are thoroughly documented, fully address the finding, and provide evidence of sustainable improvement
Stakeholder Management:
- Develop and maintain trusting, collaborative partnerships with regulators and external monitors through productive engagement, combining a UAE and Group perspective by ensuring transparent information sharing, informative program dashboards and status reports, clear linkage of UAE initiatives with FCC UAE Plan, and early warning of slippage in deliverables
- Consistently deliver complete, accurate status updates and thorough responses to all information requests. Actively participate in audit, regulatory and monitor meetings with timely and complete follow up on all committed actions
- Optimize time and resources of business partners via efficient and informative communications, reasonable and manageable information requests and maintenance of open dialogue to provide and receive feedback on FCC UAE Plan engagement processes
Communication:
- Deliver accurate, timely and informative dashboards, metrics and process-based management information to all stakeholders to effectively meet their requirements
- Continuously assess delivery and production of UAE FCC Plan communications to ensure relevance and suitability for all recipients, both internal and external
- Align communications and presentations with relevant UAE FCC Plan streams and deliverables to position the UAE PCC Plan as a strategic initiative instead of a reactive and tactical remediation action plan
People:
- Develop the UAE FCC Plan team employees individually and collectively to create cohesion, teamwork and motivation to effectively achieve the programs goals
- Identify viable career paths for SCB employees dedicated or seconded to the program
- Provide UAE FCC Plan team members with stretching assignments and exposure to other functional areas
- Effectively leverage Group resources and local employees to effectively contribute to the UAE FCC Plan and increase global awareness of the linkage between regulatory remediation and Conduct Agenda
- It is the individual responsibility of every employee to maintain a current awareness and understanding of appropriate banking laws, regulations, internal policies and procedures and to comply fully with those laws, regulations, AML policies and Group policies and procedures.
Requirements
- 10 or more years leadership experience as either an accountable executive, senior project manager and / or functional head of an organization with responsibility for implementation of multiple concurrent large projects or change management programs.
- Previous experience with direct regulatory engagement and regulatory remediation
- Highly developed leadership skills: capable of managing and motivating direct and indirect reports as well as influencing others without a direct reporting line, i.e. stakeholders, accountable executives, functions with responsibility for remediation actions.
- Well-developed relationship management skills: must be able to effectively manage relationships with various internal and external stakeholders with multiple agendas and competing priorities.
- Very strong written and verbal communication skills: able to effectively communicate in writing and verbally with all levels of management and employees in various functions, succinctly and thoroughly articulating requirements, risks and issues.
- Acute observational capability: Ability to listen, observe and spot subtle linkages, patterns and potential issues or trends through observation or interaction with stakeholders and functional areas.
- Foresight and planning combined with execution: must maintain a careful balance of strategic insight and forecasting and planning skills with a strong focus on tactical execution and issue resolution.
- Risk & issue management: ability to identify risks and issues early in their existence and communicate in writing and verbally with all levels of management and employees in various functions, succinctly and thoroughly articulating requirements, risks and issues.
- Adaptability and flexibility: ability to work effectively and efficiently in a dynamic, highly challenging and pressurized, and occasionally ambiguous environment.
- Educational requirements: BA or BS degree.
Closing Dates
The closing date for applications is 31/03/2015. 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.