Director, Regulatory Compliance - Standard Chartered Bank - Dubai
Strategy
Ensure that there is adequate support (people, processes, tools, frameworks, systems) in the UAE Regulatory Compliance, team to support sustainable business growth and address Compliance risks.
Ensure to senior management that Standard Chartered Bank’s operations in the UAE are in line with regulatory expectations and Group requirements.
Assist the Head of Regulatory Compliance, UAE in the implementation of the vision, strategy and Compliance plan set by the Head Compliance, UAE, consistent with supporting the bank’s strategic direction.
Business
Analyse comprehensive impact of Compliance related regulatory matters on the relevant business areas and their operations.
Ensure that key changes (to laws, rules, regulations) are communicated and cascaded in the UAE, in coordination with group communications.
Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
Provide advice to relevant stakeholders on the interpretation and application of local regulatory expectations, laws, best practices and policies related to Compliance.
Processes
Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
Set control standards and provide advice on the development of appropriate controls for the mitigation of regulatory risks.
People and 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.
Employ, engage and retain high quality people, with succession planning for critical roles.
Responsibility to review team structure/capacity plans.
Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
Regularly and on a timely basis appraise performance as well as proactively manage attrition when needed.
Ensure regular and documented management meetings with direct reports.
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.
Ensure teams are adequately resourced and capacitised.
Support in meeting the Emiratisation goals set for the UAE.
Risk Management
Maintain oversight of risk mitigating action plans.
Inform senior management and relevant regulators 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.
Analyse and interpret the comprehensive regulatory impact of complex Regulatory Compliance matters on the Bank's business and its operations.
Advise the Head of Regulatory Compliance, UAE and senior management (where relevant) on material Compliance issues (as required) and to ensure appropriate steps are taken to manage and/or mitigate the issue.
Governance
Attend relevant leadership meetings.
In the event of serious regulatory breaches, or where risk tolerances have been breach, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
Keep up to date on local issues that could contribute to Regulatory Compliance vulnerability and horizon risks and consider implications for policies and procedures from a business, risk, compliance and culture perspective.
Provide timely, relevant and accurate management information to both Head of Regulatory Compliance UAE and Head of Compliance, UAE on key regulatory risks and control effectiveness.
Regulatory relationships and regulatory change
Support the Head of Regulatory Compliance, UAE in ensuring proactive regulatory engagement and in establishing an effective regulatory relationship plan in the UAE.
Support the Head of Regulatory Compliance, UAE drive regulatory meeting agendas and matters for discussion.
Provide briefings and guidance to management on regulatory matters.
Ensure the Bank is properly prepared for, routine regulatory exams, audits and supervisory inspections, as well as to managing the response from the business.
Regulatory Advice
Provide timely regulatory advice and recommendations on key issues (including on Prudential Regulation, in partnership with Finance and Risk Functions) and proactively monitors regulatory developments.
Provide guidance on proper application and interpretation of banking laws, regulations and policies applicable to the country.
Regulatory & Business conduct (The below is mandatory standard wording, do not remove)
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 UAE Compliance Assurance team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
Regulators – UAE Central Bank and Securities & Commodities Authority (“SCA”)
Head of Compliance UAE
GIA
Regional Compliance Assurance team
UAE business compliance stakeholders
Other Responsibilities
Embed Here for good and Group’s brand and values in the UAE Compliance Assurance team.
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Qualifications and Skills
Relevant undergraduate degree in Law, Compliance and/or Risk Management or any other relevant field.
Relevant professional certification in compliance is preferable.
The role holder needs to possess extensive knowledge of corporate governance best practices, delivering Compliance training and overseeing the embedding of a robust compliance framework.
How To Apply
You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following: - You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role - Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information) - We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
Closing Dates
The closing date for applications is 20/06/2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.