Senior Compliance Advisor - Corporate Finance and Capital Markets

Job description / Role

Senior Compliance Advisor, Corporate Finance and Capital Markets, MENAP & Africa

Why Standard Chartered?
Standard Chartered is a leading international banking group operating for over 150 years in Asia, Africa and the Middle East. Weve 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 supports the the Heads of Product Compliance in advising and overseeing a business with respect to its management of regulatory and reputational risk.

Key Roles & Responsibilities
- Approving new products and new business initiatives.
- Assists local teams with product line expertise as required, particularly with regard to regulatory inspections or investigations.
- Works on a global basis with the various regional and country compliance teams to ensure coordination and strategic implementation of compliance best practices for the respective businesses.
- Represents Compliance in debt commitment committee and approve capital market transactions.

Controls development and implementation
- Develops Compliance policies and procedures applicable to the business.
- Assists in the development and enforcement of product standards and controls.
- Works collaboratively with the business and Operational Risk in the BKCSA process.
- Ensures appropriate documentation of controls and control decisions.

Training
- Actively participates in the delivery of a program of activities that educates and encourages business managers and staff to operate in compliance with relevant laws, regulations and policies.
- Provides ad-hoc additional training as and when appropriate.
- Assists in the development of an effective internal business compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.
- Provides product-specific training to local specialists.
- Distributes knowledge on lessons learned across various jurisdictions to local teams.

Monitoring/reporting
- Develops and implements Compliance monitoring in conjunction with relevant stakeholders - local teams and/or Relevant Product Specialists. Has direct responsibility for the Desk Review process.
- Prepares reports for Compliance management.
- Ensures timely escalation of incidents, control breaches to relevant stakeholders - senior management in Compliance, local country and region Legal & Compliance management, and other risk stakeholders

Partnership
- Builds relationships with relevant stakeholders in the business, in the Legal & Compliance organisation, and in other risk functions.
- Endeavours to keep all relationships on a strong professional and collegial footing.
- Endeavours to take a holistic approach to the management of risk -the compliance issue may not be the most pressing risk issue.

Requirements

Technical Knowledge
- Possesses core technical knowledge in typical laws and regulations applicable to the business (or businesses) for which he is responsible.
- Has an introductory understanding of variations in such laws and regulations across various jurisdictions.
- Has a core grasp of the sales and transactional activities of the business, its operating model, and its key risks.

Technical Knowledge - Corporate Finance & Capital Markets
- Knowledge of capital markets businesses - primary offerings, underwriting, distribution, placements, rights issues - in both debt and equity markets. Knowledge of regulations applicable to a corporate finance/capital markets business - licensing, offshore bankers, booking location etd. Knowledge of corporate finance/capital markets process - pitching, engagement, due diligence, deal team, execution of transactions. Knowledge of regulations applicable to corporate finance/capital markets business - Chinese walls, insider trading, interaction with public side, conflict of interest. Knowledge of related issues applicable to a corporate finance/capital markets business - personal account dealing, information segregation, deal file management.
- Knowledge of advisory businesses - M&A, restructurings, takeovers, LBOs. Knowledge of regulations applicable to an advisory business - licensing, offshore bankers, booking location. Knowledge of typical corporate structuring issues - takeover rules, listing rules, equity aggregation issues, company law issues (financial assistance, lending to related corporations, interested party transactions).
- Knowledge of structured finance businesses - typical structures, and regulatory and reputational consideration arising from such structures.
- Knowledge of typical lending/financing businesses - syndicated loans, project finance, infrastructure finance, shipping finance, aircraft finance. Knowledge of regulations specific to banking - lending limits, single borrower rules, minimum asset or minimum liquidity base, capital ratios, liquidity management, and regulations applicable to specific industries - shipping, aircraft, and infrastructure projects.

Technical Knowledge - Principal Finance
- Knowledge of private equity/mezzanine alternative investments businesses - sales, investor pitches, investor commitments, subscriptions, capital calls, portfolio acquisition, management of the portfolio, distribution of returns. Knowledge of a distressed assets/special opportunities business - acquisition and due diligence issues, holding of a distressed asset, regulatory reporting obligations, conflict of interest and information flows considerations arising out of the interaction of these businesses with a broader banking/securities business.
- Knowledge of a fund management business - subscriptions, redemptions processes, and investment evaluation. Knowledge of conflict of interest considerations arising out of the interaction between a fund management business with a broader banking/securities business.

Technical Knowledge - Research
- Knowledge of a Research business - research independence, disclosures, the pre-deal research process for IPOs/bonds, conflicts of interest between research and corporate finance businesses, considerations arising out of the interaction between research with the broader banking/securities business.

Compliance skills
- Core knowledge in risk identification, risk assessment, controls development, training, monitoring and reporting.
- Core experience, shown by demonstrable achievements in the above areas.

Analytical skills
- Core ability to analyse relevant laws and regulations and co-relate regulatory issues to products and business models.
- Core ability to identify and articulate compliance issues.
- Core problem solving and solution finding skills.
- Introductory ability to carry out data mining and trend analysis.

Communications and client management skills
- Core presentation skills - one-to-one, small group, large group.
- Core teamwork skills.
- Core ability to ensure that relevant stakeholders receive relevant and timely information on developments in compliance or in the business, with the priority on ensuring no surprises.
- Core ability to use communications channels appropriate to the situation.
- Introductory dispute resolution skills.
- Introductory ability to lead discussions around complex problems with relevant stakeholders.
- Introductory ability to drive the compliance agenda with senior business leaders.

Communications and client management skills
- Ability to manage and lead a team

Institutional knowledge (not required for new hires)
- Core knowledge of the system of internal controls that enables effective management of the affairs of the Group.
- Core knowledge of internal governance and management structures.
- Introductory knowledge of the products and services offered by the bank, its history, geographical footprint, and strategic plan.

Closing Dates
The closing date for applications is 23/09/2014. 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.