Associate Director- CFCC Governance

Job Description

Associate Director, CFCC Governance, Bahrain - (2200023633)Job: CompliancePrimary Location: Africa & Middle East-Bahrain-ManamaSchedule: Full-timeEmployee Status: PermanentPosting Date: 24/Aug/2022, 5:58:44 PMUnposting Date: 06/Sep/2022, 10:59:00 PMResponsibilities

• 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 the (COUNTRY) are in line with regulatory expectations and Group requirements.
• Support the Head of CFCC Governance, Bahrain and MENA (ex. UAE) to set and implement the vision, strategy, direction and leadership for Bahrain, 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) are communicated and cascaded (in country), in coordination with group communications.
• Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, regulations, laws, best practices and policies related to CFCC
• 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.
• Use general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions and keeps the in-Country regulators updated on developments in the Bank?s business

• 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 CFCC Governance team of the MENA Cluster 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.
• Provide guidance on the proper application and interpretation of banking laws, regulations and policies applicable in Country.
• Assist in overseeing relevant administration and licensing and required by the in-Country regulatory requirements.
• In the event of serious regulatory breaches, or where risk tolerances have been breached, assist in critical workstreams in order to ensure senior management and relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.
• 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 Risk Framework (ORF).
• 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.
• Lead through example and build the appropriate culture and values and work in collaboration with the CFCC Advisory, CFCC Governance and FCC teams and 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 Bahrain CFCC risks.

• Maintain oversight of risk mitigating action plans.
• Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
• 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.
• Support delivery of annual Global Compliance, AML, ABC and Sanctions Risk Assessments.
• Ensure the Bank is properly prepared for, routine regulatory exams, audits and supervisory inspections, as well as to managing the response from the business.
• Help manage key change programmes and projects for Country CFCC
• Maintain workplans specific to Country CFCC projects/ initiatives, and communicate the same to stakeholders in a regular, timely fashion to inform and seek inputs.
• Provide skilled resources to support project / programme delivery
• Manage and protect business as usual (BAU) capability during change programme, as well as during the execution and delivery of the Remediation initiatives through project phase into BAU

• Attend relevant Governance meetings as agreed with the Head, CFCC Governance, Bahrain & MENA (ex. UAE).
• Periodic reporting and timely escalation of significant risks and issues arising from CFCC Monitoring and Assurance activities.

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