Standard Chartered India | Associate Director Business Risk Assessment & Advisory (Chennai/Bangalore)

Responsibilities

• The role will provide CFCR advisory support to the Markets business, covering a broad range of business, regulatory and financial crime risk matters.
• The individual will be expected to work closely with Group and Country CFCR stakeholders and provide risk-based, commercially pragmatic advice while maintaining appropriate independent challenge.”
• Contribute materially towards the development, support, and implementation of the vision, strategy, and direction of the CFCC Professional Services team and in support of the Bank’s strategic direction and growth aspirations.
• Responsible for working with CFCC Product & Professional Services colleagues, CFCC Coverage & Specialist Teams and Business Risk Managers to identify risks across the Bank and drive appropriate action.
• Support the integration of the Professional Services into the Bank’s overall CFCC Risk Management strategy.
• Execute high standards of regulatory compliance and deliver key priorities and initiatives, aligned to the Professional Services performance scorecard.
• Analyse comprehensive impact of CFCC related risk and regulatory matters which has impact in SCB through quantitative and qualitative assessment.
• Establish workflows, build, and maintain effective processes / DOIs to perform Risk Assessments, Risk Monitoring and Risk Advisory, aligning with Group and relevant regulatory requirements.
• Provide actional risk insights to stakeholders.
• Supports efforts to ensure the effective management of CFCC matters management of regulatory issues that have a significant impact on the Bank and support relevant stakeholders to respond to regulatory questions.
• Collaborate with relevant Business, Risk and CFCC stakeholders to work towards holistic risk management across business, product, country, and cluster risks.
• Execute through example, build, and influence the appropriate culture and values.
• Maintain strong relationships with the wider Professional Services team, Countries, Business and CFCC Risk Managers encouraging collaboration.
• Provide constructive development feedback at business, function, country, and individual level as appropriate on CFCC matters.
• Deliver the defined aspects of the Professional Services role to support the Group’s CFCC risk management approach and objectives.
• Establish unified Issue & Event management across all lines of defence.
• Validate CFCC applicability of Change Risk Assessments.
• Collaborate with Business and CFCC Risk Managers to work towards holistic risk management across client segments / products risks.
• Collaborate with the other CFCC teams to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct or business.
• Develop appropriate risk-based compliance framework for identifying, assessing, managing, monitoring, mitigating, and reporting CFCC risks.
• Develop or assist in developing and recommend appropriate Risk Assessment standards across CFCC risk types, meeting all Compliance requirements.
• Build in the identification and escalation of potential business CFCC related risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
• Support the management of end-to-end lifecycle of audit, assurance, and regulatory reviews, in relation to Professional Services, including tracking, remediation and preparing lessons learned from such reviews.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Perform targeted deep dive into material or emerging or unknown risk areas due to a change in threat profile or business strategy, to enable structural risk response or remediation.

Requirements

• Advanced level Expertise on CFCC risks, respective Business and Product and Global regulatory frameworks.
• 3+ years of advanced practitioner level experience in Conduct or Compliance or Financial Crime Risk management, and/or
• 3+ years of extensive experience
• Understanding of effective communication skills.
• Understanding of best practice risk assessment techniques and risk management frameworks.
• Understanding of the key features of relevant laws and regulations relevant to the Group
• Sound judgement on business practices, regulatory relationship management and reputational risk,
• Ability to balance both detail oriented and big picture perspectives.
• Ability to collaborate and work dynamically across functions.

Standard Chartered

Standard Chartered is an international banking group headquartered in London, with a strong focus on Asia, Africa and the Middle East. It was formed in 1969 through the merger of Standard Bank and The Chartered Bank.

Its Indian global business services centres hire finance professionals for financial control, stress testing, regulatory reporting, tax and risk roles.

• Industry: Banking and financial services
• Headquarters: London, UK
• In India: Present in India for over 150 years, with global business services centres in Bengaluru and Chennai