Executive Director, Cfcc, Transaction Banking

1 week ago

Singapore Standard Chartered Full time

**JOB SUMMARY**
**Role Briefing**:

- A key Group Advisory role is based in Singapore providing Conduct, Financial Crime Compliance (CFCC) advice and support to our Transaction Banking (TB) Sales which consist of Corporate Sales, Financial Institution Sales and Non-Presence Markets Sales. The role will include advisory support on TB implementation and TB Services as well, which are all part of Commercial and Institutional Banking (CIB) Business.
- The role holder will have responsibility for oversight of the implementation of Compliance, Conduct and FCC policies and procedures for the relevant TB processes to the extent the processes have been identified as owned by the CFCC function, in line with the Group’s process universe as set out in the Group Operational Risk Framework, including activities within the processes owned by the CFCC function which are hubbed or outsourced. Insofar as they relate to TB, Compliance, Financial Crime risks and Conduct, the role holder will be responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances may occur.

**Strategy**
- Support the Global Head, CFCC Transaction Banking & Africa in implementing the vision, strategy, direction and leadership for the respective teams, consistent with the CFCC CIB Advisory vision and strategy for the CFCC function and in support of the Bank’s strategic direction and growth aspirations.
- Promote the culture and practice of compliance with compliance standards (including conducting business within regulatory requirements, and to high ethical standards) within the Bank and embed a Here for good culture and the Group Code of Conduct within the TB business.
- Proactively support and effectively challenge the delivery of the TB business strategy within the bank’s risk appetite and in compliance with the relevant risk type frameworks.
- Provide support and coordinate with Cluster and Country CFCC teams that support TB.
- Support and challenge the Business in management of non-financial risks, adhering to non-financial risk frameworks and embedding good risk culture and knowledge across the business.

**Business**
- Develop a comprehensive understanding of the business model and strategy in order to provide substantive oversight support and challenge in order to enable appropriate and sustainable CFCC outcomes.
- Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality conduct, financial crime & compliance-related advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
- Provide advice, analysis (and challenge when appropriate) in relation to the TB products, including product design, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), and transactional advice.
- 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 and its operational teams to provide timely advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive CFCC risk mitigation.
- Support the resolution of competing requirements between regulations specific to TB businesses (i.e., between AML regulations and data privacy/bank secrecy or information security regulations.)

**Processes**
- Act under delegation from the respective Risk Framework Owners for the principal risk types of Compliance, and FCC in discharging the responsibilties contained in the ERMF to the extent that CFCC advisory is the appropriate second line risk ower.
- The role holder is not responsible for CFCC first line processes unless specifically delegated by and/or agreed with the group process owner. This includes CFCC processes operated to manage risks in TB such as name screening or transaction monitoring.
- The role holder is not responsible to ensure that TB and CFCC process owners agree their respective handoffs, which ought to be documented in a service level agreement. However, consistent with the CFCC advisory second line responsibilites under the ERMF, the role holder is responsible to ensure that in the absence of an agreement or if responsibiilties are poorly executed, the risks inherent in TB are addressed in line with the ERMF.
- Develop and maintain effective policies / processes / DOIs (including training, advice and support) to address CFCC risks in TB, aligning with relevant regulatory requirements.
- Provide governance and oversight over the implementation of CFCC rela

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