Director, CIB Coverage Risk Governance Lead

Job Summary The CIB Coverage COO team works with the CIB Coverage department to maximize the performance of the CIB Coverage business, partnering with the functions and geographies. The Client Coverage COO Conduct and Control team focuses on aspects of business risk management with particular emphasis on (i) Conduct and Culture (ii) Non-financial risk management and (iii) Governance. Job Description The Director, CIB Coverage Risk Governance Lead will:
Act as secretariat for the CIB Coverage Non-Financial Risk Committee (NFRC) which is chaired by Global Business Heads within CIB Coverage.
Enhance the quality of NFRC discussion/pack by drawing out key risks including forward-looking themes relevant to Group Coverage business, in line with internal benchmarking to pan-CIB segments and regulatory expectations.
Build domain expertise and become subject matter expertise in Coverage key processes like KYC, CDD and Credit as well as current NFR themes like Correspondent Banking, Financial crime, ESG and Digital asset topics.
Represent Group CIB Coverage Conduct and Control team in Group Regulatory project/change/initiatives and key emerging NFR risks.
Provide senior management an oversight of Group Regulatory priorities including Regulatory commitments, obligations and actions arising from inspections etc.
Draft regular updates covering Group Audits/second line assurance, Committee Paper submission and Open Regulatory Engagement reports to track action closure for senior management.
Support the Head, Conduct, NFR and Governance, CIB Coverage in current non-financial risk priorities, activities and initiatives where required.
Responsibilities
Risk Governance & Secretariat
Drive the preparation and coordination of meeting agenda, minutes, action tracking and materials required to facilitate quality decisions/discussion at the Committee held a minimum of 6 times in a year.
Ensure the Committee operate in compliance with Group governance standards and take guidance from parent committee and providing guidance to sub-committees.
Support the annual refresh of committee terms of reference and delegation of authority documents.
Review and update materials/papers submitted by Committee members and invitees to ensure high quality, accuracy, and clear articulation of risks in a timely manner.
Draft executive summaries for each non-financial risk principal risk types including Operational, Compliance, Cyber security, financial crime and Reputational and Sustainability.
Maintain and periodically review Committee’s Terms of Reference, Committee effectiveness review and relevant governance documentation, in line with internal standards.
Draft speaking and brief notes pre-Committee and summary update to CIB NFRC post Committee.
Represent and participate in CIB Coverage and CIB COO related Risk and Governance forums, working groups and discussions to ensure alignment of NFR governance across CIB COO.
Collaborate with CIB COO team on Governance matters and consistency in MI tracked by management for a consistent pan-CIB approach like elevated risk buy-downs, Known to management rate.
Awareness and understanding of the Enterprise risk management framework and good understanding of Operational risk and Compliance frameworks.
Regulatory Change/initiatives/engagement - Reporting & Governance
Consolidate and track, with support from Cluster/Regional Risk and Control Heads, the list of Regulatory obligations, Regulatory change/initiatives, Regulatory breaches and Regulatory Commitments and actions.
Coordinate with Cluster Risk and Control Heads, Compliance and Regulatory affairs to assess the impact of emerging regulations and ensure updates or any Group/Large scale Reg change impacting CIB Coverage business are communicated to relevant stakeholders and governance forums.
Support implementation of the tracking of regulatory-driven changes, including reporting to senior risk and business Project steering Committee and risk forums.
Monitor, assess and maintain a register of key regulatory developments and business impact assessments.
Participate in Group Regulatory project/change/initiatives and working groups e.g. Group Electronic and Voice Communications and surveillance topics and key emerging NFR risks (e.g. Financial Crime risks, Data & AI, Crypto and Digital Asset).
Provide senior management an oversight of Group Regulatory priorities including Regulatory commitments, obligations and actions arising from inspections etc.
Build domain expertise and become subject matter expertise in Coverage key processes like KYC, CDD and Credit as well as current NFR themes like Correspondent Banking, Financial crime, ESG and Digital asset topics.
Awareness of the regulatory framework in which the Group operates, and the regulatory requirements and expectations relevant to the role.
Risk Analytics, Process improvement and Oversight
Support the preparation of risk and governance dashboards, thematic risk updates to parent or senior Risk committees and inputs to relevant monthly/quarterly management reports.
Source MI from various Risk reporting tools across CIB dashboard, M7, audit repositories, Compliance and second line repositories etc to perform risk management and clear articulation of risks.
Drive efficiencies in reporting through automation and leveraging of non-financial risk and Regulatory change/items dashboards and MI tools.
Perform user testing and provide business requirements prior to the rollout of relevant Dashboard/MI tools.
Identify and implement improvements in governance workflows, secretariat processes and documentation standards.
Collaborate with CIB Risk teams to ensure consistency in Risk governance and internal control practices globally.
Prepare and review suitability and quality of packs and dashboards prepared and enforce high standards.
Draft weekly to bi-weekly updates covering Group Audits and second line assurance report to track action closure and any overdue for senior management.
Draft weekly Committee Paper submission and Open Regulatory Engagement to track Regulatory actions required by Coverage Business and COO.
Track and report operational risk events, conduct issues, remediation actions and overdue items.
Audit, Second Line Assurance and Issue Management
Assist and help co-ordinate, in addition to weekly updates, responses to internal audits relating to governance, secretariat or regulatory matters.
Monitor and track closure of audit and second line assurance actions, self-identified issues and regulatory commitments and actions.
Support first line led assurance reviews on key NFR themes for the business or upcoming key audits.
Collaborate with stakeholders across the three lines of defence to understand the current gaps, if any, in the NFR risk frameworks across Coverage & CIB.
Communicate and escalate (if required) material risk issues and control deficiencies to senior management promptly and accurately with resolution/remediation tracked to prevent future occurrence.
Manage regular communication of status updates to key stakeholders including Senior Management through presentations and reports.
Regulatory & Business Conduct
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