Job Description
Role Responsibilities
Purpose:
• Compliance Risk and Information comprises of two core pillars: (i) Compliance Process & Risk Control; (ii) Compliance Risk Assessment These two pillars complement each other in providing assurance that the Group is well controlled in terms of adherence to policies and procedures owned by Compliance as well as relevant country regulations.
Group Standard Compliance Performance
• Take personal responsibility for understanding the risk and compliance requirements of the role. Understand and comply with, in letter and spirit, all applicable laws, and regulations, including those governing anti-money laundering, terrorist financing, and sanctions; the Group's policies and procedures; and the Group Code of Conduct. Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters
• Embed 'Here for Good' and Group's purpose - Driving commerce and prosperity through our unique diversity. Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm
Business Delivery and Performance
• Assist with the continuous design, implementation and enhancement of a comprehensive Compliance Risk Assessment (CRA) framework.
• Read and analyse data and create visual models to present potential risk outcomes to stakeholders and for Management reporting
• Support the leadership's efforts in guiding stakeholders as to the methodology, technical aspects and interpretation of results.
• Support the integration of CRA results through a combination of methodology application, data analytics, risk-based reviews and SME inputs.
• Compilation and review of CRA relevant data and preparation of appropriate reports for senior management reporting
• Maintenance of CRA relevant documentation ( methodology, training records, stakeholder reports, CRA outcome action plans) for governance purposes
• Monitor actions plans as part of CRA outcome agreed with the relevant stakeholders which can include Country / Regional / Group Compliance teams.
Risk Management
• Support senior management in highlighting risk areas as part of the CRA results and provide key insights
• Follow up with countries on the re-assignment of action plans for non-Stakeholder Confidence risk to designated Business Compliance teams as defined within the CRA Methodology and ORF.
People Management & Accountability
• Key stakeholders include Central Compliance teams, Business & function Compliance teams, Country Compliance teams, GIA and Second Line Assurance team.
Communicate and Collaborate
• Support effective and timely communication along with collaboration cutting through Region, Countries, functions and business
Agility in Strategic Change Management
• Actively lead / participate in the enhancements of the CRA end-to-end with active collaboration cutting through Functions, Business and Country CFCC teams.
Our Ideal Candidate
• Individuals with Audit or Compliance experience in Banking or other relevant experience (Risk Advisory / Risk Assessment)
• Preferably an individual with exposure to interpretation of compliance/audit/advisory-related policies, procedures, documentation etc.
• Intermediate level of Knowledge & Experience in Data visualisation and presentation applications (MS Office , Excel & PowerPoint, Tableau etc)
• Comfortable in analysing complex suite of risk data ( regulatory issues/breaches, losses, fines, audit issues/ratings, assurance reviews etc)
• Individuals with data analytic skills and experience in SAS, Python, R tools would be an added advantage.
• Minimum 8 - 12 years of relevant working experience in the financial services industry with Compliance and Audit background
• Strong understanding of audit, compliance and risk management with thorough understanding of policies and best practices of risk assessment methodologies
• Ability or experienced in producing Business reporting Board Paper for Senior Management
• Strong interpersonal and both written and oral communication skills, with proven ability to tailor the communication to different levels based on target audience seniority and to different purposes.
• Excellent business analytical and problem-solving skills
• Strong mathematical and critical-thinking skills
• Ability to manage stakeholders
• Ability to prioritise a portfolio of competing priorities
• Exemplary integrity, ethics and independence
COMPETENCIES
• Leadership Competencies Leadership Level
• Spot Opportunities Individual Contributor
• Solve Problems Individual Contributor
• Take the Lead Individual Contributor
• Build Resilience Individual Contributor
• Collaborate Individual Contributor
• Communicate Individual Contributor
• Deliver Sustainably Individual Contributor
• Achieve Results Individual Contributor
• Technical Competencies Target Proficiency Level
• Universal Technical Competencies
• Manage Conduct Core
• Manage Risk Core
• Manage People
• Compliance Technical Competencies
• Compliance Policies and Standards Core
• Compliance Advisory Core
• Compliance Review and Assurance Core
• Surveillance
• Investigations
• Compliance Risk Assessment Core
• Regulatory Liaison
• Manage Change
• Manage Projects
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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.
Our purpose, to , together with our brand promise, to be are achieved by how we each live our . When you work with us, you'll see how we value difference and advocate inclusion. Together we:
• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential
Purpose:
• Compliance Risk and Information comprises of two core pillars: (i) Compliance Process & Risk Control; (ii) Compliance Risk Assessment These two pillars complement each other in providing assurance that the Group is well controlled in terms of adherence to policies and procedures owned by Compliance as well as relevant country regulations.
Group Standard Compliance Performance
• Take personal responsibility for understanding the risk and compliance requirements of the role. Understand and comply with, in letter and spirit, all applicable laws, and regulations, including those governing anti-money laundering, terrorist financing, and sanctions; the Group's policies and procedures; and the Group Code of Conduct. Effectively and collaboratively identify, escalate, mitigate and resolve risk and compliance matters
• Embed 'Here for Good' and Group's purpose - Driving commerce and prosperity through our unique diversity. Promote a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm
Business Delivery and Performance
• Assist with the continuous design, implementation and enhancement of a comprehensive Compliance Risk Assessment (CRA) framework.
• Read and analyse data and create visual models to present potential risk outcomes to stakeholders and for Management reporting
• Support the leadership's efforts in guiding stakeholders as to the methodology, technical aspects and interpretation of results.
• Support the integration of CRA results through a combination of methodology application, data analytics, risk-based reviews and SME inputs.
• Compilation and review of CRA relevant data and preparation of appropriate reports for senior management reporting
• Maintenance of CRA relevant documentation ( methodology, training records, stakeholder reports, CRA outcome action plans) for governance purposes
• Monitor actions plans as part of CRA outcome agreed with the relevant stakeholders which can include Country / Regional / Group Compliance teams.
Risk Management
• Support senior management in highlighting risk areas as part of the CRA results and provide key insights
• Follow up with countries on the re-assignment of action plans for non-Stakeholder Confidence risk to designated Business Compliance teams as defined within the CRA Methodology and ORF.
People Management & Accountability
• Key stakeholders include Central Compliance teams, Business & function Compliance teams, Country Compliance teams, GIA and Second Line Assurance team.
Communicate and Collaborate
• Support effective and timely communication along with collaboration cutting through Region, Countries, functions and business
Agility in Strategic Change Management
• Actively lead / participate in the enhancements of the CRA end-to-end with active collaboration cutting through Functions, Business and Country CFCC teams.
Our Ideal Candidate
• Individuals with Audit or Compliance experience in Banking or other relevant experience (Risk Advisory / Risk Assessment)
• Preferably an individual with exposure to interpretation of compliance/audit/advisory-related policies, procedures, documentation etc.
• Intermediate level of Knowledge & Experience in Data visualisation and presentation applications (MS Office , Excel & PowerPoint, Tableau etc)
• Comfortable in analysing complex suite of risk data ( regulatory issues/breaches, losses, fines, audit issues/ratings, assurance reviews etc)
• Individuals with data analytic skills and experience in SAS, Python, R tools would be an added advantage.
• Minimum 8 - 12 years of relevant working experience in the financial services industry with Compliance and Audit background
• Strong understanding of audit, compliance and risk management with thorough understanding of policies and best practices of risk assessment methodologies
• Ability or experienced in producing Business reporting Board Paper for Senior Management
• Strong interpersonal and both written and oral communication skills, with proven ability to tailor the communication to different levels based on target audience seniority and to different purposes.
• Excellent business analytical and problem-solving skills
• Strong mathematical and critical-thinking skills
• Ability to manage stakeholders
• Ability to prioritise a portfolio of competing priorities
• Exemplary integrity, ethics and independence
COMPETENCIES
• Leadership Competencies Leadership Level
• Spot Opportunities Individual Contributor
• Solve Problems Individual Contributor
• Take the Lead Individual Contributor
• Build Resilience Individual Contributor
• Collaborate Individual Contributor
• Communicate Individual Contributor
• Deliver Sustainably Individual Contributor
• Achieve Results Individual Contributor
• Technical Competencies Target Proficiency Level
• Universal Technical Competencies
• Manage Conduct Core
• Manage Risk Core
• Manage People
• Compliance Technical Competencies
• Compliance Policies and Standards Core
• Compliance Advisory Core
• Compliance Review and Assurance Core
• Surveillance
• Investigations
• Compliance Risk Assessment Core
• Regulatory Liaison
• Manage Change
• Manage Projects
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 160 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.
Our purpose, to , together with our brand promise, to be are achieved by how we each live our . When you work with us, you'll see how we value difference and advocate inclusion. Together we:
• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations
• Time-off including annual, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with with minimum global standards for annual and public holiday, which is combined to 30 days minimum
• Flexible working options based around home and office locations, with flexible working patterns
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential
💡 Quick Summary
Seeking a career-building opportunity? The Assoc Director| Compliance Risk Assessment position is now open for candidates interested in the Bank Jobs sector. This role in Chennai offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
