Associate Principal, Risk & Control, CCIB Client Coverage - (2200009004) at Standard Chartered Bank

Role Responsibilities 

Purpose

The Associate Principal, Risk & Control is responsible for supporting Country Head in managing end to end process risks for Corporate, Commercial and Institutional Banking Client Coverage (CCIB CC) in the country, for the processes owned by the Banking Platform in the Single Process Universe. The Associate Principal is responsible for supporting and executing the first line of defence and ensures effective implementation of Operational Risk Framework (under the Enterprise Risk Management Framework), process controls and governance within the country.

Business

• Support Country Head in maintaining an awareness of the wider business, economic and market environment in the country in which the Group operates.
• Continuously support in evaluation and identification of operational risk implications of business strategies and programmes and provide guidance on any operational risk remediation actions.
• Support implementation and ensuring adoption of COO CCIB CC initiatives in the country

Processes

• Responsible for ensuring adherence to specified BAU operational risk deadlines, along with the consistent execution of CST / KCI for relevant processes in the country.
• Responsible for being a key escalation recipient for the business for all operational risk related incidents and queries that arise in the country.
• Ensure risk ownership over centrally / GBS performed validation checks is retained at the country level – specifically ownership of residual risk evaluations and associated remediation activities.
• Responsible for coordinating with stakeholders in the country, increase transparency and share key developments, learnings and best practices.
• Responsible for supporting the business in the country in minimizing operational risks and losses, and ensuring material operational losses are investigated to prevent recurrence.
• Identify non-standard processes and ensure appropriate control mechanisms are implemented and approved.
• Responsible for regular dialogue with CCIB CC and Country Compliance team to ensure that Country Teams are informed of product changes, regulatory changes, new policies, compliance reviews and audits.

People and Talent

• Responsible for driving appropriate culture and values within the country. Setting appropriate tone and expectations for the team, working in collaboration with risk and control partners across all functions to effectively embed a strong culture of risk awareness and good conduct for CCIB CC staff.

Risk Management

• Support in evaluation and identification of operational risks for new products and new business, regulatory and thematic risks, and drive the implementation of appropriate controls to mitigate these risks.
• Responsible for raising awareness of business controls, governance and supervision responsibilities amongst relevant staff in the country and ensure an appropriate culture amongst all staff in this regard.
• Responsible for ensuring compliance with policies applicable to CCIB CC which impact operational risk. Challenge processes, procedures, and policy together with Country Heads, if there is opportunity for efficiency improvements.
• Responsible for speaking out on emerging risks for the businesses in the country.
• Responsible for identifying knowledge gaps, facilitate development of training on Operational Risk for business staff.
• Supporting the Country Head in conducting peer reviews.
• Responsible for developing strong working relationship with country, regional and global stakeholders to facilitate end-to-end investigation of business issues.
• Responsible for providing guidance to the business on working towards an advanced MCA, driving improvements in year-on-year average MCA ratings.
• Support Country Head in effective running of Country CCIB CC Business Risk Forum (BRF).
• Support Country Head in ensuring adequate governance and oversight of operational risk in the country, through the escalation and appropriate resolution of risk exposures to the Country Risk Committee (CRC) and Non-Financial Risk Committees (NFRCs) as required.
• Responsible for escalation of issues, blockages, challenges and trends to the Country / Cluster Head, Risk & Control and Country business head (s), as required

Governance

• Support Country / Cluster Heads in effective running of Country CCIB CC Business Risk Forum (BRF).
• Support Country / Cluster Head in ensuring adequate governance and oversight of operational risk in the country, through the escalation and appropriate resolution of risk exposures to the Country Risk Committee (CRC) and Non-Financial Risk Committees (NFRCs) as required.
• Responsible for escalation of issues, blockages, challenges and trends to the Country / Cluster Head, Risk & Control and Country business head (s), as required

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.
• ​​​​​Support the CCIB CC Business 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.

Key Stakeholders

• Corporate, Commercial and Institutional Banking Client Coverage Heads in the country
• Regional and Country COO
• Internal Audit
• Regional / Country Head of Risk & Control
• Business & Country Compliance teams
• Operations
• Integrated Middle Office Team
• GBS Hub Teams
• Country Conduct, Financial Crime & Compliance team
• Regulators and their appointed auditors (where applicable)

Other Responsibilities

• Demonstrate Here for good and Group’s brand and values;
• Perform responsibilities assigned under Group, Country, Business or Functional policies and procedures;

Our Ideal Candidate:

• Knowledge of Corporate, Commercial and Institutional Banking (Client Coverage, Transaction Banking and Financial Markets) products – to enable assessment of cross-business issues.
• Relevant business experience in operations, business analysis or project management.
• Clear understanding of the Bank’s Operational Risk Framework or equivalent experience gained in other organisations.
• Demonstrated history of applying sound judgement with critical thinking skills and courage necessary to perform a control role and maintain effective working relationships.
• Strong analytical skills, detail-focused with the ability to interpret large volume of information.
• Problem solving skills with ability to influence across all levels of business.
• Ability to independently drive initiatives with minimum hands-on supervision.

Technical Competencies:

• Business Process Design
• Process Management
• Process Improvement
• Internal Controls
• Operational Risk 
• Risk Management
• Corporate, Commercial & Institutional Banking Business
• Banking Products

Closing Date: 3rd, May 2022