Associate Director| CFCC Governance

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Associate Director, CFCC Governance

Standard Chartered
Mumbai, Maharashtra
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12 hours agoFull–time
Role Responsibilities

Strategy

Support Head CFCC Governance in:
• Proactively developing regulatory relationships with regulators in Country through a structured engagement programme with consistent adherence to regulatory expectations.
• Ensure that Standard Chartered Bank's operations in the country are in line with regulatory expectations and Group requirements.
• Support the Head of CFCC and Country Head of CFCC to set and implement the vision, strategy, direction and leadership consistent with the vision and strategy for CFCC and in support of the Group'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
• Ensure that key changes (to regulatory laws, rules, regulations) are communicated and cascaded (in country) and is aligned with group communications where relevant.
• Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, regulations, laws, best practices and policies related to CFCC
• Assess and communicate key regulatory risk trends in Country for management consideration and drive the development and implementation of appropriate mitigation control measures.
• Use general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions and keeps the in-Country regulators updated on developments in the Bank’s business
• In conjunction with the relevant stakeholders, analyse the impact of regulatory compliance matters on the bank and its operations.

Processes
• Develop, keep up to date and recommend for approval to the relevant Risk Committee, appropriate policies/processes/DOls to address CFCC, aligning with relevant regulatory requirements.
• Work with the Head CFCC to manage and develop the relationship with the regulators in accordance with the Regulatory Relationship Plan.
• Build trust through meeting regulatory commitments and having regular briefings/engagement with regulators.
• Ensure the Bank is properly prepared for regulatory inspections and coordinating responses with the business.
• Providing governance and oversight over the implementation of CFCC related policies and procedures in Country to ensure compliance with such policies and procedures.
• Provide advice to relevant business & functions stakeholders on compliance with Group standards & regulatory matters relating to CFCC.
• Proactively monitor regulatory developments to manage the regulatory impact of complex regulatory matters on the Bank's business and its operations
• Provide guidance on the proper application and interpretation of banking laws, regulations and policies applicable in Country.
• Set control standards and provide advice on the development of appropriate controls for the mitigation of regulatory risks.
• Assist in overseeing relevant administration and licensing and required by the in-Country regulatory requirements.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, assist in critical workstreams in order to ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Track significant issues arising from CFCC metrics, Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• Prepare and cascade lessons learned from audit findings, assurance activities and specific investigations.
• Support all control checks undertaken by CFCC under the Operational Risk Framework (ORF).
• Implement quality assurance standards and workflows for the CFCC