• Help the Group meet its commitment of being “Here for 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.
• 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.
• 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 the Compliance Officer for the SEBI Merchant Banking registration as well as SEBI Research Analyst registration.
• 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.
Strategy
• 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.
• 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.
Business
• 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 regulatory CFCR advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
• 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 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 local support to the global Control Room programme.
• 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.
Processes
• 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.
• 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).
People & Talent
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
• Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions are competent, suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
Risk Management
• 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.
• 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.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure senior management in the Bank and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased. 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.
Governance
• Within the Group's overall Risk Management Framework, establish and maintain appropriate risk based CFCR frameworks for identifying, assessing, managing, monitoring, mitigating and reporting CFCR (including regulatory and financial crime) risks across
• 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.
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 Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Assist in leading the CCIB CFCR Compliance teams in the Country to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets, Financial Crime Prevention; Creating the Right Environment.
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
• Regulators
• Risk
• Internal Audit
• Global Banking Business team
• Legal Team
• Group Control Room Head
• Group GB, SPM, Markets CFCR Advisory teams
• Business and Geographic COOs
• Regional and Country Heads of Compliance
Other Responsibilities
• Embed Here for good and Group’s brand and values in IBU Compliance Team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
• IFSCA Regulation
• FEMA regulations
• Parent regulator like PRA/FCA knowledge
• FPI regulation from SEBI /RBI
• ODI regulation from SEBI
• Sanction regulations
• SEZ rules
• Education: Postgraduate In Commerce and Law or CS / CA (CS / Law Preferable)
• Languages: English
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
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