Standard Chartered India | Director CFCR Advisory, Global Banking

Responsibilities

• As an independent second line risk control function, execute the relevant aspects of the Compliance framework through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature, scale and complexity of the business.
• Provide a single interface for the function’s stakeholders for the coverage area.
• Support the management of the regulatory relationships with each of the regulators, whose rules the Group is subject to.
• Act as the Compliance Officer for the SEBI Merchant Banking registration as well as SEBI Research Analyst registration.
• Support and implement the vision, strategy, direction and leadership for CFCR teams, consistent with Group CFCR vision and strategy for the CFCR function and in support of the Bank’s strategic direction and growth aspirations.
• Act as a CFCR lead for the Global Banking, Syndicate and Portfolio Management and Global Research businesses (together “the Regional and Country Private-Side Businesses”) as they operate in India & SA.
• Act as the regional lead for provision of expert CFCR advice to the Regional and Country Private-side Businesses, in liaison with relevant country-based colleagues as deemed relevant and necessary.
• Provide local support to the global Control Room programme.
• Establish and maintain effective processes (including training, advice and support) to ensure that policies, procedures and standards to address all compliance risks are effectively implemented and adhered to across business.
• Act as Risk Owner under the Group’s Risk Management Framework for Global Banking processes where Compliance is the second line Risk Owner.
• Ensure effective management of compliance matters, and in collaboration with the rest of the CFCR team, effectively manage regulatory issues that have a significant impact on the Bank.
• Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks, and proactive engagement in regulatory reform.
• Provide reports to relevant Regional and Business risk and control committees and management group on key compliance risks and issues.
• Ensure global standards are understood and implemented in locally, with any identified exceptions, or need for more/less stringent standards escalated to Group Compliance for joint decision-making.
• Ensure appropriate product governance measures are in place so that product approval documents reflect all relevant regulatory requirements.
• Assist in developing and recommend (for approval by the relevant risk committee), appropriate CFCR policies, standards and guidance notes.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• Maintain constructive and effective relationships with the relevant Business Heads, Chief Operating Officers ("COOs"), and other functional stakeholders, and assist Compliance, CFCR Advisory, Group Control Room and other relevant Compliance teams to interface with and support such stakeholders.
• Act as single point of contact with all SEBI regulations applicable to India CIB Businesses and develop required regulatory relationships with various SEBI departments to fulfil the role of designated Compliance Officer for SEBI regulated CIB businesses in India.
• Provide regulatory advice, analysis (and challenge when appropriate) in relation to the full product life cycle including product design through to post sale reviews/ assessments, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), transitional investigations.
• Provide robust challenge to senior management and all relevant business stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary, until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance/ appetite.
• Work closely with the business to provide timely regulatory compliance advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive compliance and conduct risk mitigation.
• Provide support and challenge to the Bank’s senior management to ensure that they establish and monitor appropriate processes for compliance with compliance policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).
• Collaborate with the other Products Compliance teams and Group Private Side business CFCR Management Group 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 of business.

Requirements

• Good” by building a sustainable compliance framework that places regulatory and compliance best practice standards, and a culture of appropriate conduct at the forefront of the Group’s agenda.

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