Job Description
Roles and Responsibility
• Supporting Head CFCC in managing the CFCC function in SC CAPITAL
• Responsible for delivery of the SC Group financial crime risk framework in SC CAPITAL. Financial crime risk for the purpose of this role covers: anti-money laundering, countering terrorist financing, countering weapons proliferation financing, compliance with financial sanctions and asset freezes; and anti-bribery.
• Responsible for the execution of the various Group CFCC frameworks within SC CAPITAL which are designed to ensure compliance with applicable regulations, internal policies, standards and codes so SC CAPITAL operates within the letter and spirit of the law and in so doing protect the reputation of SC CAPITAL with its regulators and balance the needs of other stakeholders.
• Responsible for providing a single interface for the function's stakeholders (including those in the businesses) for all CFCC issues and risks in SC CAPITAL.
Strategy
• Drive and implement the vision, strategy and direction set by Country Head of CFCC and align it with the broader strategic agenda of the Group and India business.
Business
• Analyse comprehensive impact of CFCC matters on the relevant business areas and their operations.
• Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in SC CAPITAL), in coordination with Group communications.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Ensure appropriate advice is provided to the relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to CFCC.
Processes
• Provide support and challenge to the SC CAPITAL's senior management to. ensure that they establish and monitor appropriate processes for compliance with CFCC policies and standards (including meeting regulatory obligations and maintaining high standards of conduct).
• Provide governance and oversight over the implementation of CFCC-related policies and standards in SC CAPITAL to ensure compliance with such policies and standards.
People & Talent
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from SC CAPITAL CFCC team and work in collaboration with risk and control partners.
• Regularly and on a timely basis appraise performance as well as proactively manage attrition when needed.
• Assess competency and skill of the team on an ongoing basis to ensure alignment of skill set to the risk management demands of the business.
Risk Management
• Act as Risk Owner under the Group's Risk Management Framework for Regulatory Compliance Processes.
• Identify and assess sources of regulatory risks and ensure that systems and controls are appropriate to mitigate and manage risks within acceptable risk tolerance levels. Report on material regulatory, CFCC risks.
• Maintain oversight of risk mitigating action plans.
• Inform Head, CFCC, SC CAPITAL and senior management of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Anticipate horizon risks in the area of CFCC that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.
• Advise Head CFCC, SC CAPITAL on material CFCC issues (as required) and to ensure appropriate steps are taken to manage and/or mitigate the issue.
Governance
• Provide oversight of the CFCC function in SC CAPITAL including the various Group CFCC frameworks and programmes within SC CAPITAL.
• Ensure lessons learned from audit findings, CFCC assurance activities and specific investigations are prepared and cascaded to relevant stakeholders.
• Provide timely, relevant and accurate management information to SC CAPITAL Risk Committee/ SC CAPITAL Board, Head CFCC, SC CAPITAL and MD/CEO, SC CAPITAL on key regulatory risks and control effectiveness.
• Support the product programme and country addendum framework in SC CAPITAL.
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.
• Lead the SC Capital CFCC team to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Ensure proactive engagement in regulatory reform, including ensuring identification and escalation of regulatory reform proposals, participation in local internal regulatory relationship and reform forums and memberships of local external industry forum.
Key stakeholders
• Relevant India Regulators
• MD/CEO, COFO, CRO – SC CAPITAL, SC CAPITAL Board
• Heads of Process and Governance, Operations, Finance, Credit & Collections in SC CAPITAL.
• GlA
Our Ideal Candidate
• Graduate, additional professional qualification like Company Secretary / Chartered Accountant / LLB will be an added advantage
Role Specific Technical Competencies
• Compliance Policies and Standards
• Compliance Advisory
• Compliance Review and FCC Assurance
• Surveillance (including screening & monitoring)
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison
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 drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. 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 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
• Supporting Head CFCC in managing the CFCC function in SC CAPITAL
• Responsible for delivery of the SC Group financial crime risk framework in SC CAPITAL. Financial crime risk for the purpose of this role covers: anti-money laundering, countering terrorist financing, countering weapons proliferation financing, compliance with financial sanctions and asset freezes; and anti-bribery.
• Responsible for the execution of the various Group CFCC frameworks within SC CAPITAL which are designed to ensure compliance with applicable regulations, internal policies, standards and codes so SC CAPITAL operates within the letter and spirit of the law and in so doing protect the reputation of SC CAPITAL with its regulators and balance the needs of other stakeholders.
• Responsible for providing a single interface for the function's stakeholders (including those in the businesses) for all CFCC issues and risks in SC CAPITAL.
Strategy
• Drive and implement the vision, strategy and direction set by Country Head of CFCC and align it with the broader strategic agenda of the Group and India business.
Business
• Analyse comprehensive impact of CFCC matters on the relevant business areas and their operations.
• Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in SC CAPITAL), in coordination with Group communications.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• Ensure appropriate advice is provided to the relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to CFCC.
Processes
• Provide support and challenge to the SC CAPITAL's senior management to. ensure that they establish and monitor appropriate processes for compliance with CFCC policies and standards (including meeting regulatory obligations and maintaining high standards of conduct).
• Provide governance and oversight over the implementation of CFCC-related policies and standards in SC CAPITAL to ensure compliance with such policies and standards.
People & Talent
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from SC CAPITAL CFCC team and work in collaboration with risk and control partners.
• Regularly and on a timely basis appraise performance as well as proactively manage attrition when needed.
• Assess competency and skill of the team on an ongoing basis to ensure alignment of skill set to the risk management demands of the business.
Risk Management
• Act as Risk Owner under the Group's Risk Management Framework for Regulatory Compliance Processes.
• Identify and assess sources of regulatory risks and ensure that systems and controls are appropriate to mitigate and manage risks within acceptable risk tolerance levels. Report on material regulatory, CFCC risks.
• Maintain oversight of risk mitigating action plans.
• Inform Head, CFCC, SC CAPITAL and senior management of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
• Anticipate horizon risks in the area of CFCC that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.
• Advise Head CFCC, SC CAPITAL on material CFCC issues (as required) and to ensure appropriate steps are taken to manage and/or mitigate the issue.
Governance
• Provide oversight of the CFCC function in SC CAPITAL including the various Group CFCC frameworks and programmes within SC CAPITAL.
• Ensure lessons learned from audit findings, CFCC assurance activities and specific investigations are prepared and cascaded to relevant stakeholders.
• Provide timely, relevant and accurate management information to SC CAPITAL Risk Committee/ SC CAPITAL Board, Head CFCC, SC CAPITAL and MD/CEO, SC CAPITAL on key regulatory risks and control effectiveness.
• Support the product programme and country addendum framework in SC CAPITAL.
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.
• Lead the SC Capital CFCC team to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• Ensure proactive engagement in regulatory reform, including ensuring identification and escalation of regulatory reform proposals, participation in local internal regulatory relationship and reform forums and memberships of local external industry forum.
Key stakeholders
• Relevant India Regulators
• MD/CEO, COFO, CRO – SC CAPITAL, SC CAPITAL Board
• Heads of Process and Governance, Operations, Finance, Credit & Collections in SC CAPITAL.
• GlA
Our Ideal Candidate
• Graduate, additional professional qualification like Company Secretary / Chartered Accountant / LLB will be an added advantage
Role Specific Technical Competencies
• Compliance Policies and Standards
• Compliance Advisory
• Compliance Review and FCC Assurance
• Surveillance (including screening & monitoring)
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison
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 drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. 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 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 Manager| CFCC Advisory position is now open for candidates interested in the Bank Jobs sector. This role in Mumbai 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.
