Strategy
•Support the Global Head of CFCR Assurance in delivery of a strategy for provision of risk based and data driven assurance coverage across Financial Crime and providing strategic leadership to deliver the strategy, taking account of industry good practise.
•The Financial Crime assurance strategy should focus on assessing effective risk management of: 2LOD risk policy setting, the 1LOD in managing the risks, controls and process in their business and functions; and; 2LOD in its role of providing challenge and oversight. All businesses and functions and geographies are within scope.
•Work with Director of Compliance and Conduct Risk Assurance to ensure coverage of the Bank’s compliance risks and other key risks and controls, both by risk taxonomy and process.
•Work with the Global Head of Assurance Data, Analytics, Group Risk Services (GRS) and Transformation to implement a technology-enabled assurance strategy, integrating data analytics and automation to enhance risk identification and audit efficiency.
•Help drive a collaborative cross line of defence risk and control ecosystem.
•Drive a culture of continuous improvement in delivery of the Assurance mandate, including by leveraging data and technology throughout the team.
Business
•Provide senior oversight of the assurance book of work to ensure alignment to Bank’s Financial Crime Assurance priorities.
•Contribute to the strategic intent and agenda of Risk & Financial Crime Assurance and as such be accountable to lead or influence significant programmes of work in support of the broader Risk & Financial Crime Assurance objectives.
•Equip the Assurance function with sufficient appropriate resources and capability, to include technical, assurance/audit skills and systems capability.
•Drive business enablement through delivery of risk based, insightful, value add Assurance products.
•Awareness and understanding of the regulatory environment and Assurance industry good practise.
Processes
•Ensure relevant Risk & Financial Crime Assurance processes embed collaborative working across all three LODs.
•Ensure Risk & Financial Crime Assurance operates within all relevant Group Policies and Standards.
•Manage Risk & Financial Crime Assurance resources in GRS in line with intra-group agreements
•Manage the budget associated with the Risk & Financial Crime Assurance function.
People & Talent
•Build, manage, coach and develop a team of quality assurance professionals, balancing locations, skills and competencies to position the Bank as an industry leader in the eyes of regulators and industry stakeholders.
•Responsible for the organisational design of the Financial Crime Assurance team, including driving improvements where necessary (efficiency, location strategy and diversity).
•Proactively engage with stakeholders to ensure that relationships are trusted such that the team voice is respected at the most senior level.
•Lead through example and build the appropriate culture and values within Assurance and across the wider organisation. Set appropriate tone and expectations for teams and work in collaboration with risk and control partners.
•Provide functional leadership and subject matter expertise for regulatory inspections, internal fora and relevant external bodies.
•Lead and develop a high-performing assurance team with expertise in data analytics, technology, and traditional audit methodologies.
•Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
•Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across the Group. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Risk Management
•Design, deliver and execute a risk-based assurance plan informed from the underlying risk assessments and connecting to the Enterprise Risk Framework principles. This should align with regulatory commitments, broader compliance strategies, and financial plans.
•Collaborate with CFCR Management to establish consistency of standards for risk reviews pan Bank and provide relevant analysis that provides visibility of the control environment, identifies emerging risks, and facilitates informed decision making at the holistic strategic level.
•Define and develop structured Assurance capabilities to execute risk-based independent reviews of risk, process and control efficacy by assessing the design and operating effectiveness of key risks, processes and controls.
•Provide oversight, challenge, and review of material attestations to provide confidence that the Bank’s responses are factually accurate and backed by evidence.
•Manage and maintain a risk-based plan to focus Assurance on areas of highest risk.
•Communicate complex risks, issues and testing insights precisely and effectively to stakeholders and regulators as required.
Governance
•Provide appropriate governance and oversight over the delivery of the Financial Crime Assurance mandate.
•Escalate matters requiring immediate attention directly to line management as required.
•Act as delegate for the Global Head of Assurance at governance forums, including presenting papers and raising key issues, as required.
•Provide reports to relevant Group and Business risk and control committees and management group on key risks and issues.
•A member of respective Financial Crime and other Risk Management Forums 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.
•Lead the Global Assurance 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.
•Providing ongoing reporting of risk exposure into governance meetings and to key stakeholders and escalating any blockages to progress to ensure Group MT, Risk & CFCR, and OTCR Scorecard objectives are met.
Key stakeholders
•Global Head of Assurance
•Global Head of Assurance’s Management Team
•CFCR Management Team and other Risk Management Teams
•Risk Market CROs/CCO
•Group Internal Audit & Investigations
•Legal & Group Corporate Secretariat (GCS)
•COOs and Conduct and Control leads – business and functions
•1LOD testing teams
•Key regulatory bodies (as required) e.g. Bank of England, HKMA, MAS etc.
•Appointed Regulatory Monitors
Other Responsibilities
•Embed Here for good and Group’s brand and values in the Global Assurance team.
•Perform other responsibilities assigned under Group, Country/Market, Business or Functional policies and procedures.
•Conduct internal investigation in rare circumstances where the both the Shared Investigative Services team and Compliance Speaking-up team are both implicated in an investigation.
•Execute director responsibilities to entities where appointed as a Director, to ensure effective oversight and governance in line with local laws and the Group’s polices and risk frameworks.
