Standard Chartered Hiring for Head CFCC, SC Capital at Mumbai Full Time

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 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.
• Recruitment assessments – some of our roles use assessments to help us understand how suitable you are for the role you’ve applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Role Responsibilities

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

• Recommend for approval by the SC Capital Risk Committee/ SC Capital Board, appropriate policies/processes/DOls to address CFCC risks, aligning them with relevant regulatory requirements.
• Provide support and challenge to the SC Capital&rsquos senior management to. ensure that they establish and monitor appropriate processes for compliance with CFCC policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).
• Provide governance and oversight over the implementation of CFCC-related policies and procedures in SC Capital to ensure compliance with such policies and procedures.

People and 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.
• Ensure the provision of ongoing training and development of Direct reports.
• 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.
• 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 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.
• 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 Country Head of CFCC 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, Country Head of CFCC 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 SC Capital. 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 Group&rsquos 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, CFCC matters.

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

Other Responsibilities

• Embed Here for good and Group’s brand and values in the SC Capital CFCC team.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Our Ideal Candidate

• Company Secretary / LLB / Chartered Accountant with hands on experience in Regulatory Managing Compliance

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