Regional Correspondent Banking Due Diligence Office

Job Description

JOB SUMMARY

• The FI and Fintech Client Risk Advisor is responsible for contributing to the Global Initiatives and BAU tasks for the Financial Institution (“FI”) Risk Advisory team, and in particular the management of risks associated with the products and services offered and sold to those Clients and how they support the Client’s business model.
• As first line defence for the bank’s risk management, the Director, is responsible for supporting the risk assessment and acceptance of the segment as well as ongoing monitoring of the clients’ activities
• The FI and Fintech Client Risk Advisor is required to initially focus on the New Payment Methods (NPM) and Digital Asset segments, whilst also aligning to other initiatives and Affiliates.
  
  

RESPONSIBILITIES

Strategy

• Support cross bank collaboration with RMs, product partners, technology and COO functions to implement the FI client strategy with effective processes, controls and capability that is designed to meet the needs of FI business.
• Demonstrate deep understanding of the clients’ activities, needs, business models and the markets in which they operate to protect the bank’s interest around risk and compliance.
• Support to instil risk awareness and risk-return discipline in team culture and prepare relevant comprehensive training materials to business team.
• Demonstrate risk ownership as the bank’s first line of defence through compliance to the letter and spirit of the bank policies and procedures and relevant regulatory development and Advise RMs on the same. Effectively advise on and support the governance and oversight controls established to maintain high standard of compliance.
• Support the FI Financial Crime Governance & Control Team in all projects, and work closely with stakeholders in Financial Crime, Policy Implementation, and other support functions.
  
  

Business

• Critically review clients and prospects based on their alignment to SCB standards around risk tolerance, fit with footprint, business potential, values and market perception to ensure we are banking the right clients.
• Visit clients to discuss and assess their compliance management programs and understand their business needs. Conduct targeted reviews and visitations with NPM and Digital Asset clients with regards to identified risks and new business opportunities.
• Support to identify emerging risk trends within the portfolio and take appropriate remediation action steps to manage/mitigate the risks including updating senior management and various stake holders through situation update reports.
• Assist to prepare and review monthly MIS and client specific issues.
• Professionally represent Standard Chartered in support of the relationship team at the highest levels within region and internationally.
• Ensure that industry and product knowledge is continually developed personally and within the team, support the RMs developing the knowledge of Fintech, payments, Digital Asset and related product offerings of the Bank.
• Stay abreast and anticipate the developments of the industries in which our clients operate.
  
  

Processes

• Proactively oversee the FI client portfolio to ensure:
• Support is provided to the GAM’s in ensuring team is suitably trained with respect to an understanding of the regulatory environment, keeping up to date with applicable changes and Group policies with ability to contribute and, where possible, influencing policy formulation
• Key risks and concerns (regulatory, financial crime, reputational, ethical, operational etc) within the FI portfolio are raised into the relevant governance framework and communicated as appropriate.
• Collaborate across the organisation including FCC, Policy Implementation, COBAM, to ensure that SCB is oriented to effectively acquire and service FI clients.
  
  

People & Talent

• Support to build the appropriate culture and values and set the example in terms of effective engagement with the Fintech industry.
• Assist to ensure the provision of ongoing training and development of people and provide oversight to ensure that holders of all critical functions are suitably skilled and qualified for their roles and that they have effective supervision in place to mitigate the relevant risks.
• Maintenance of up-to-date knowledge on regulatory developments and required standards for compliance within the team.
• Help to prepare the training material and workshop within the front line.
  
  

Risk Management

• Act as a subject matter expert for Fintech (NPM & Digital Asset) segment regionally, and assist the RM’s in completing the onboarding forms, ensuring the business types and risks emanating from each are fully documented.
• Have a sound understanding of Financial Crime and Sanctions as it relates to Fintech (NPM & Digital Asset) whilst also possessing an understanding of the fintech regulatory space.
• Contribute to the establishment of tools and processes to understand the Fintech regulation, economic and risk environment for countries which the client operates.
• Support to coach and manage the RMs in these matters and ensure they are adequately trained and aware of various risks (regulatory, financial crime, reputational, ethical, operational etc) taken within the portfolio.
• Exemplify the Group’s values and code of conduct and develop a robust culture to ensure that adherence with the highest standards of ethics, and compliance with relevant policies, processes and regulations among team members.
• Ensure that key risk issues and concerns are managed and remediated holistically with relevant risk stakeholders, with adequate escalation to Regional / Country Banking Heads and Group/governance committees, as appropriate.
  
  

Governance

• Work with the FI Governance team to ensure good governance across the FI client portfolio.
• To support the Chair in ensuring the smooth functioning of the Management Committee and relevant minutes taking.
• Advise RMs and support them in establishing the highest standards of engagement with the internal governance committees, representing FI/Banks business interests.
• Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the FI segment.
• Implement and maintain a strong governance framework
  
  

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct
• Support internal audits and regulatory exams to address, remediate and mitigate high risk clients, high risk issues impacting at the portfolio level.
• Identification and escalation of potential risks and issues to senior management through appropriate governance channels
• 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 teams covering the Fintech (NPM & Digital Asset) portfolio 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

• Work with the COO offices including Policy Implementation and Country CFCC to ensure that the operational processes effectively support the growth of the Fintech portfolio.
  
  

Other Responsibilities

• Embed Group’s brand and values.
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  
  

Qualification

• Bachelor’s degree required with advance education preferred.
• Experience in Fintech, Banking, Payments, Crypto/Digital Assets or related.
• Strong knowledge of regulations in key jurisdictions with some working knowledge of SCB footprint markets.
• Fintech related learning; specialized due diligence, sanctions, ICA/ACAMS
• Experience with financial crime compliance / AML frameworks for FI clients is required.
• Core product knowledge across the Bank’s offering
• Structured and process driven, with experience in a multi-cultural team, across borders and time zones.
• Excellent analytics and reporting skills, being able to cross-check the work and manage communications.
• Excellent communication/writing skills with ability to get points across to all levels internally & externally.
• Ability to work towards tight deadlines and manage expectations.
• Languages: English
  
  

Role Specific Technical Competencies

• Business writing
• Using and applying office software
• Online meeting setup
• Familiar with banking terminology
• New Payment Method and Digital Asset Market Knowledge (SIF)
• Business Partnering
• Compliance Advisory
• Process Management
  
  

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  
  

What we offer

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 leave, parental/maternity (20 weeks), sabbatical (12 months 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.
  
  

Profile Description

Standard Chartered Bank