Strategy (Responsibilities that are related to the development and implementation of a strategy)
Set and implement the vision, strategy, direction and leadership for the Singapore FCC Business Advisory, consistent with the vision and strategy for FCC and in support of the Group's strategic direction and growth aspirations.
Business (Responsibilities related to the delivery of business and / or financial objectives)
Analyse comprehensive impact of financial crime related regulatory matters on the relevants business area and its operations.
Ensure that key changes (to laws, rules, regulations) are communicated and cascaded (in region/country), in coordination with group communications.
Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to FCC.
Support resolution of competing requirements between regulations, for example between AML regulations and data privacy/bank secrecy or information security regulations.
Processes (Processes for which the role is responsible under the ORF as 1st & 2nd line; for executing / completing, and for supervising)
Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies/processes/DOIs to address financial crime risks, aligning with relevant regulatory requirements.
Providing governance and oversight over the implementation of FCC-related policies and procedures in Singapore to ensure compliance with such policies and procedures.
Provide advice to relevant stakeholders on compliance with Group standards relating to AML/Sanctions and local Singapore regulations relating to AML/Sanctions.
Act as (second line) Risk Control Owner under the Group's Risk Management Framework for those aspects of Regulatory Compliance relating to AML/Sanctions, and escalate issues as appropriate.
People and Talent (Responsibilities related to people and talent matters)
Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential.
Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
Stimulate 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.
Ensure Singapore FCC Business Advisory is adequately resourced and staffed by an appropriate number of competent staff sufficiently independent to perform duties objectively, to support sustainable business growth and address financial crime risks.
Ensure staff in Singapore FCC Business Advisory have clearly articulated and well understood roles and responsibilities through meaningful and accurate job descriptions.
Risk Management (Responsibilities Under Risk Management Framework - both execution and supervisory)
Maintain oversight of risk mitigating action plans.
Understand technical aspects of systems relevant to CDD, Client Risk Assessments and Name tion Screening.
Review and assess existing system and controls relevant to FCC to ascertain operational performance and effectiveness.
Align/support with the alignment of relevant systems and controls to industry best practice and close out any compliance gaps.
Apply Group and FCC policies and processes (AML surveillance, client screening, risk assessment) to manage risks.
Make recommendations (and/or implement) to relevant stakeholders on possible risk management responses to identified risks and/or findings of concerns from investigations.
Inform senior management and relevant regulators of serious regulatory breaches (or where risk tolerances have been breached) and ensure that actions are taken quickly to remediate and/or activities are ceased.
Identify intelligence for typology studies and risk mitigation plans.
Conduct Country risk assessment.
Map risks, quantify the potential impact and escalate where necessary.
Partner with legal counsels for advice on technical matters.
Provide intelligence (to internal forums) on specific clients, client-types and emerging risk typologies.
Provide intelligence inputs to support calibration of bank's Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
Oversee the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.
Undertake enhanced due diligence on new and existing higher risk /sensitive clients such as PEPs or those associated with high risk industries or countries.
Provide subject matter expertise on PEP / Sensitive Clients.
Manage escalations on PEP / Sensitive Client issues requiring additional assessment and controls.
Attend relevant leadership and governance/oversight meetings.
In the event of serious regulatory breaches, or where 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.
Prepare and cascade lessons learned from audit findings, FCC assurance activities and specific investigations.
Collate, analyse and interpret data in reports to senior management and relevant governance/risk committees.
Analyse and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC function.
Lead or influence significant programmes of work in support of the financial crime compliance objectives.
Review new business requirements and provide solutions where 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 Singapore FCC Business Advisory team to achieve the outcomes set out in the Bank's Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
The Monetary Authority of Singapore
Singapore and Business Compliance
Singapore Business Segments
Regional and Group FCC
Embed Here for good and Group's brand and values in Singapore FCC Business Advisory
Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.