Governance, Risk Management

Area of interest: Governance, Risk Management & Compliance
Overview
This role could be based in Singapore and Dubai. When you start the application process you will be presented with a drop-down menu showing all countries; please select a country where the role is based.
Key Responsibilities
Act as the second line Subject Matter Expert for Digital Assets (DA) as an asset class including advising across all relevant Risk Types (reputational risk, traded/market, treasury/capital and liquidity, operational, technology, cyber security, and credit risk).
Lead provision of DA risk specific expertise to continuously enhance and maintain all elements of the DA Risk Management Approach (DARMA) which sets out the approach to risk management and the control framework within which risks are managed.
Lead assessment of material risk types that the Group may be potentially exposed to arising from direct or indirect DA activities and direct Risk Framework Ownership to such risk types.
Lead effectiveness reviews to assess relevant first and second line understand and accept their DA risk management responsibilities.
Review and challenge that policies and standards are being adapted or created to address DA risks and training is available to staff (on a targeted basis).
Review and challenge the assessment of DA risk considerations in the Group’s Risk Appetite framework.
Monitor that the Risk Framework Owners (RFOs) propose adequate risk appetite with DA risks evaluation for consideration and approval by the Board.
Monitor risk type compliance to Board approved risk appetite with DA considerations using the risk information report covering all risk types; highlight significant matters to the GCRO, senior management and senior risk committees.
Review infrastructure to support DA reviews, and the monitoring of exposures and actions as required.
Lead provision of regulatory interpretation for regulations classified as “Large-Scale” with framework implications, including working with countries to support their regulatory requirements.
Influence the Group’s DA Strategy and activities, advising on alignment with specific risk type framework, policies, standards, risk registers and risk appetite.
Actively engage thought leaders in the DA industries to improve risk understanding, innovation, exploration, and adoption of alternative risk models and data sources.
Conduct regulatory interpretation and associated assessments for DA related initiatives with adherence to legal and regulatory requirements.
Evaluate and advise on risks associated with DA projects, products and investments, including the assessment of blockchain technologies and tokenomics, to ensure robust risk mitigation strategies are in place.
Inform the strategic intent and collective agenda for the DA Risk Management Approach.
Influence stakeholders and DA risk subject matter experts on thinking and approach for Digital Asset activities, including situations where the Group seeks to engage clients heavily exposed to DAs.
Advise Business on alignment of individual DA activities to the Group’s DA business strategy and execution within the risk framework and parameters.
Direct the business to undertake appropriate evaluations with regards to DA stress scenarios with support from the Group Treasury and Group Stress Testing teams as required.
Provide timely advice, support and challenge to enable compliance with all relevant laws and regulations and support proactive and pre-emptive risk mitigation.
Discharge Policy Owner responsibilities as defined in the ERMF: identify and define processes within the DA Risk Management central function; ensure completeness and accuracy of identified processes; review, challenge, and provide oversight of the DA risk profile monitored by the DA Risk Management Function process universe.
Create a culture of continuous learning and development; foster an open environment to stimulate creativity and develop innovative solutions to support the Group’s aspiration; lead by example and build the appropriate culture and values; set tone and expectations with the risk and control partners.
Oversee the development of the risk assessment approach (DARMA) for planned business direct exposure to DAs and/or entities heavily exposed to DAs.
Provide required DA risk reviews and subject matter expertise on DA risks and their interactions to core banking business risks across CIB/WRB including capital and liquidity impacts and traded and credit risk limits.
Review and challenge enhanced DA Due Diligence reviews on business DA clients, products, initiatives and investments to enable adherence to DARMA.
Evaluate DA risk assessments for confirmation by existing business authorities including evaluation of blockchains and tokens, DA key management and wallet management infrastructure, operations and partnerships with DA third parties (e.g., custodian, exchanges, staking providers).
Direct and review notification requirements to relevant regulators; oversee and challenge for the Group’s DA Risk Profile and activities including development and implementation of appropriate infrastructure to support DA reviews and monitoring of exposures and actions.
Direct DA considerations in Risk Appetite by relevant Risk Framework Owners; review approved metrics in the risk information reports and ensure incidents of breach are escalated to the respective Committees.
Run and maintain a governance forum/committee structure to provide effective risk oversight of the DA Risk Profile across the Group; conduct annual effectiveness reviews to identify improvement areas and implement necessary actions.
Lead review and challenge of ongoing compliance with and effectiveness of the risk control environment and overall exposure and risk levels to DAs; monitor top and emerging risks through forward-looking indicators, considering external events that may be material; review and assess management action taken to mitigate impact.
Display exemplary conduct and live by the Group’s Values and Code of Conduct; take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered