About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities
SC Ventures (SCV) is spearheading the bank's digital innovation across the Group. Included in SCV's mandate will be to invest in Fintechs and other start-up companies, and promote rapid testing and implementation of new business models.
Catalysts: Internal consultants will help the rest of the Group in problem-solving and spreading innovation best practices and client-centric design. The eXellerator innovation lab will be part of this group.
Investments: A professional investment unit to manage the Group's minority investments in Fintech companies and to seek further investments in promising technologies.
Ventures: The Venture unit will sponsor and oversee new disruptive ventures that are wholly or partially owned by Standard Chartered. It will seek projects that amplify the bank's core strengths or where the bank can support a venture in a strategic way.
This role will be focussed on driving the Conduct, Financial Crime and Compliance (CFCC) considerations for the Venture unit of SCV (see above), with a strong focus a wide range of topics including (but not limited to): Retail Banking; Cryptoassets; Data Management; Fraud Risk Management.
It will take into account the SCB Group's CFCC requirements as well as regulatory expectations and constraints incumbent on the Group.
It will balance this with what will likely need to be different approaches depending on the geographic and regulatory context and the risk profile of the Venture.
To achieve fit-for-purpose CFCC outcomes, it will liaise extensively with the CCO of SCV and Group CFCC to ensure comfort is reached with the CFCC framework, the ongoing oversight and ongoing CFCC risk assessments.
Drive and implement the vision, strategy and direction set by the Chief Compliance Officer of SCV and Group CFCC Advisory by driving the implementation of the decision making process set out in the SCV Guidance.
This includes decision-making as to whether the Venture is a regulated or unregulated subsidiary undertaking or not, and, if not, the design of a CFCC compliance framework and methodology tailored to the geographic and regulatory context and the CFCC risk profile of the Venture.
Such framework will cover CFCC risk identification, assessment, monitoring, training and product / business advice.
Recommend for approval by the SCV Committee, appropriate policies and processes for the Ventures to address CFCC risks, aligning them with relevant regulatory requirements and Group expectations.
Provide governance and oversight over the implementation of CFCC related policies and procedures in the Ventures to ensure compliance with such policies and procedures.
People and Talent
Lead through example and build the appropriate CFCC culture and values. Set appropriate tone and expectations from the SCV CFCC team and work in collaboration with risk and control partners.
Ensure the holders of all critical CFCC functions in the Ventures or the third party CFCC vendors of the Ventures are competent, suitably skilled and qualified for their roles.
Identify and assess sources of CFCC risks and ensure that systems and controls are appropriate to mitigate and manage risks within acceptable risk tolerance levels. Report on material CFCC risks.
Challenge and maintain the right balance between risk prudence and pace of innovation set by the new competitor landscape.
Ensure lessons learned from audit findings, CFCC assurance activities and investigations are prepared and cascaded to relevant stakeholders.
Provide timely oversight information to the SCV CCO on key CFCC risks and control issues.
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 Ventures 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.
CCO SC Ventures
CFCC Compliance SC Ventures
Our Ideal Candidate
Relevant undergraduate degree, ideally in the areas of Law, Technology, Compliance, Financial Crime or Risk Management
Relevant professional certification
Substantial CFCC experience
Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.