JOB SUMMARY

• The Associate Principal, CFCC Advisory CCIB, South & Southern Africa is responsible for supporting the Head, CFCC Advisory CCIB, South & Southern Africa in managing all regulatory, conduct, financial crime and compliance risks relating to the CCIB risks in Country and Cluster, and aligning this to the vision and strategy of the function, the Enterprise Risk Management Framework (ERMF), and delegation of authority documents where relevant.

RESPONSIBILITIES:

Strategy:

• Assist the Head, CFCC, South & Southern Africa to set and implement the vision, strategy, direction and leadership for CFCC Advisory CCIB in South & Southern Africa, consistent with the Head, CFCC Advisory CCIB, South & Southern Africa, AME and Global Head, CFCC Advisory, vision and strategy for the CFCC function, and in support of the Bank's strategic direction and growth aspirations.
• Support the Head, CFCC, South & Southern Africa to promote the culture and practice of compliance with CFCC standards (including conducting business within regulatory requirements, and to high ethical standards) within the Bank and embed a Here for good culture and the Group Code of Conduct.
• Input to CCIB business operating model design of relevant Compliance, FCC and business processes.

Business:

• Develop a comprehensive understanding of the CCIB business models and strategy in order to assist in providing oversight support and challenge in order to enable appropriate and sustainable CFCC outcomes.
• Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust, capability and integrity, providing timely, responsive and quality conduct, financial crime & compliance-related advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.
• Provide conduct, financial crime and compliance-related advice, analysis (and challenge when appropriate) in relation to CCIB businesses, including compliance with relevant Group CFCC standards (including, but not limited to, EAF, Transactional Conflict and Information Walls, Client Classification, G&E, AML/Sanctions and ABC), product governance, product design, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), client and transactional advice.
• Provide robust challenge to senior management and all relevant business stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary, until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance/ appetite.
• Work closely with the business and its operational teams to provide timely advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive CFCC risk mitigation.
• Support the resolution of competing requirements between regulations specific to CCIB businesses (i.e. between AML regulations and data privacy/bank secrecy or information security regulations.)
• Support the Head, CFCC, South & Southern Africa, to establish and maintain risk-based compliance frameworks and the programme for monitoring and assuring compliance that supports the transition to pro-active and pre-emptive compliance and conduct risk mitigation, in relation to the CCIB businesses.
• Promoting the culture and practice of global standards to the business, while managing local requirements.

Processes:

• Act under delegation from the respective Risk Framework Owners for the principal risk types of Compliance, Conduct and FCC in discharging the responsibilities contained in the ERMF relating to CCIB businesses to the extent that CFCC Advisory, CCIB is the appropriate second line risk owner.
• The role holder is not responsible for CFCC first line processes unless specifically delegated by and/or agreed with the group process owner. This includes CFCC processes operated to manage risks in CCIB businesses such as name screening or transaction monitoring.
• The role holder is not responsible to ensure that CCIB and CFCC process owners agree their respective handoffs, which ought to be documented in a service level agreement. However, consistent with the CFCC advisory second line responsibilites under the ERMF, the role holder is responsible to ensure that in the absence of an agreement or if responsibiilties are poorly executed, the risks inherent in CCIB businesses are addressed in line with the ERMF.
• Support and maintain effective policies/processes/DOIs (including training, advice and support) to address conduct, financial crime and compliance risks across CCIB businesses, aligning with relevant regulatory requirements.
• Provide governance and oversight over the implementation of CFCC related policies and procedures relevant to CCIB businesses (to enable compliance with such policies and procedures).
• Provide support and challenge to CCIB 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).

People & Talent:

• Help promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
• Support the stimulation of an environment where forward planning, prioritisation, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
• Collaborate with training teams to input to training curriculum to support closing of capability gaps.
• Provide feedback at business, function, country and individual level as appropriate, on CFCC matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).
• Drive the migration of skill, knowledge, best practice and lesson learned across the network between CFCC Advisory colleagues especially in relation to regulatory risks and compliance with relevant regulations and internal policies/standards as they pertain to CCIB businesses.

Risk Management:

• In accordance with the Group's Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant CCIB processes.
• Collaborate with the other Country & Regional CFCC Advisory Teams to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks.
• In accordance with the Group's Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant CCIB processes.
• Assist the Head, CFCC, South & Southern Africa to ensure effective management of CFCC Advisory, CCIB matters, and in collaboration with the rest of the CFCC team, effectively manage regulatory issues that have a significant impact on the CCIB businesses.
• Collaborate with relevant senior managers to support the programmes for conduct, financial crime and compliance monitoring, surveillance and/or assurance for CCIB businesses.
• In the event of serious CCIB related regulatory breaches, or where CFCC related risk tolerances have been breached, ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated regulatory, compliance and financial crime (AML/Sanctions/ABC) related risks, and proactive engagement in regulatory reform, in relation to CCIB product and client related activities.
• Assist and work closely with the Group Shared Investigation Services team, as needed, in relation to investigations concerning CCIB businesses.
• Liaise with the internal audit function to ensure that any CFCC Advisory weakness identified by the internal audit function relating to CCIB activities are appropriately followed up.
• Provide reports to relevant Country and Business risk and control committees and management group on key conduct, financial crime and compliance risks and issues pertaining to CCIB businesses.
• Provide advice on the application of risk management frameworks (e.g. ERMF) and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies
• Support in providing oversight of risk acceptance and/or mitigating action plans relating to CCIB businesses.
• Provide reports to relevant risk and control committees and management group on key compliance risks and issues relating to CCIB businesses.
• Ensure global standards are understood and implemented locally, with any identified exceptions, or need for more/less stringent standards escalated for relevant joint-decision making.
• Understand technical aspects of systems relevant to CFCC Advisory, CCIB.
• Support delivery of annual CFCC Risk Assessments, including the Compliance Risk Assessment (CRA), Product Risk Assessment (PRA), Global AML, ABC and Sanctions Risk Assessments.
• Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
• Support the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.

Governance:

• Attend relevant governance meetings, and provide relevant reports to senior management and governance/risk committees when delegated by the Head, CFCC, South & Southern Africa.
• Identify and escalate potential CCIB CFCC related, risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
• Ensure appropriate CCIB product governance measures are in place so that product approval documents reflect all relevant regulatory requirements.
• Propose control effectiveness and efficiency improvements and simplifications where appropriate.
• Ensure lessons learned from audit findings and CFCC monitoring and/or assurance activities are properly prepared and cascaded.
• Within the Group's ERMF, establish and maintain appropriate risk based CFCC framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory and financial crime) risks across CCIB.
• Maintain adequate management MI / trackers across all aspects of one's coverage and responsibility to ensure all issues and matters relating to CCIB businesses are tracked, followed, regularly assessed and reported on, including oversight of risk acceptance and/or mitigating action plans, identification and management of high risk clients or specific country reviews relating to CCIB.
• Support the product programme and country addendum framework for CCIB products.

Regulatory relationships and regulatory change:

• Support the Head, CFCC South & Southern Africa and collobarate with CFCC Governance, South & Southern Africa in relation to:
• the identification and inclusion of relevant CCIB matters for discussion in the Government & Regulatory Relationship Plans ("GRRPs");
• the management of regulatory inspections and identification of regulatory reform that directly relates to CCIB businesses;
• the provision of briefings and guidance to CCIB management on relevant regulatory matters;
• ensuring CCIB businesses are properly prepared for routine regulatory exams, audits and supervisory inspections, as well as to managing the response from the CCIB businesses; and
• support relevant stakeholders to respond to regulatory questions.

Project/Change management:

• Assist the Head, CFCC, South & Southern Africa on key change programmes and projects for CFCC Advisory.
• Maintain workplans specific to CFCC Advisory CCIB projects/ initiatives, and communicate the same to stakeholders in a regular, timely fashion to inform and seek inputs.
• Support the Head, CFCC Advisory CCIB, South & Southern Africa to review new business requirements and provide solutions where required.
• Support an environment where forward planning, prioritisation and deadline management lead to efficient work practices and streamlined functional activities and processes.

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.
• Effectively and collaboratively identify, escalate, mitigate and resolve regulatory, conduct, financial crime and compliance matters related to CCIB businesses.
• Support CFCC South & Southern Africa to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Financial Crime Compliance; The Right Environment.] *
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key stakeholders:

• Head, CFCC, South & Southern Africa
• Head, CFCC Advisory Client Coverage, AME
• Heads of CCIB Businesses in South Africa
• Head, FCC Centres of Excellence (e.g. Sanctions, ABC, Controls)
• Other Risk and Control Functional Heads (e.g. Risk, Audit, etc)
• Relevant Regulators

Other Responsibilities:

• Embed Here for good and Group's brand and values in CFCC South & Southern Africa; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate:

• All licenses and certification required by the Function and Country regulators

Role Specific Technical Competencies:

• CFCC Policies and Standards
• CFCC Advisory
• CFCC Assurance
• Surveillance (including Screening and Monitoring)
• Investigations
• Compliance Risk Assessment
• Regulatory Liaison
• Manage Change
• Manage Projects

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