Associate Director CFCC Governance BORM

Job Description

Associate Director, CFCC Governance, BORM - (2200017372)Job: CompliancePrimary Location: Africa & Middle East-Pakistan-KarachiSchedule: Full-timeEmployee Status: PermanentPosting Date: 01/Jul/2022, 8:39:39 AMUnposting Date: 22/Jul/2022, 10:59:00 PMRole Responsibilities Strategy

• Perform controls monitors, assurance, health checks for process where CFCC is the first line
• Ensure risk identification, mitigation plan and tracking for effective closure
• Proactively develop regulatory relationships with regulators in Country through a structured engagement programme with consistent adherence to regulatory expectations.
• Help ensure that Standard Chartered Banks operations in Pakistan are in line with regulatory expectations and Group requirements.
• Support the Country Head of CFCC Governance to set and implement the vision, strategy, direction and leadership for Pakistan, consistent with the vision and strategy for CFCC and in support of the Groups strategic direction and growth aspirations.
• Promote the culture and practice of compliance with compliance 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.

• Ensure that key changes (to laws, rules, regulations) where CFCC is first line are implemented.
• Support relevant stakeholders to make decisions based on current and possible future policies, practices, and trends.
• In conjunction with the relevant stakeholders, analyse the impact of regulatory compliance matters on the bank and its operations.
• Anticipate, assess and communicate key regulatory risk trends in Country for management consideration and drive the development and implementation of appropriate mitigation control measures.

• Develop, keep up to date and recommend for approval by the relevant Risk Committee, appropriate policies / processes / DOls to address CFCC, aligning with relevant regulatory requirements.
• Work with the Country Head of CFCC, Governance to manage and develop the relationship with the regulators in accordance with the Regulatory Relationship Plan.
• Build trust through meeting regulatory commitments and having regular briefings/engagement with regulators.
• Help ensure the Bank is properly prepared for regulatory inspections and coordinating responses with the business.
• Providing governance and oversight over the implementation of CFCC related policies and procedures in Country to ensure compliance with such policies and procedures.
• Provide advice to relevant business & functions stakeholders on compliance with Group standards & regulatory matters relating to CFCC.
• Track significant issues arising from CFCC metrics, Assurance activities, Audit reviews and regulatory inspections, providing validation of issue closure where necessary.
• Prepare and cascade lessons learned from audit findings, assurance activities and specific investigations.
• Support all control checks undertaken by CFCC under the Operational & Technology Risk Framework
• Implement quality assurance standards and workflows for the CFCC processes.
• Co-ordinate/support the management of audits/exams.

• Promote 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.
• Support the provision of ongoing training and development of people, and ensure that holders of all critical functions are competent, suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
• Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
• Set and establish team objectives and priorities through discussions with relevant stakeholders, ensuring that team work effectively and proactively with business compliance and other support function teams to manage in Country CFCC risks.

• Maintain oversight of risk mitigating action plans.
• Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
• Apply Group and CFCC policies and processes 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.
• Conduct country risk assessment.
• Map risks, quantify the potential impact and escalate where necessary.
• Support delivery of annual Global Compliance, AML, ABC and Sanctions Risk Assessments.
• Provide intelligence inputs to support calibration of banks Risk Methodologies (including aggregate client risk, product risk and country risk assessments).

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