Associate Director CFCC Governance UAE (UAE Nationals Preferred)

Job Description

Associate Director, CFCC Governance UAE (UAE Nationals Preferred) - (2200015637)Job: CompliancePrimary Location: Africa & Middle East-United Arab Emirates-DubaiOther Locations: Africa & Middle East-United Arab Emirates-DubaiSchedule: Full-timeEmployee Status: PermanentPosting Date: 29/Jun/2022, 12:02:51 PMUnposting Date: 13/Jul/2022, 10:59:00 PMResponsibilitiesStrategy

• Ensure that there is adequate support (processes, tools, frameworks, systems) in the Country Governance team for necessary CFCC Controls.
• Proactively support Director(s) and Head of CFCC Governance, UAE/DIFC/ADGM in developing and maintaining regulatory relationships with regulators in Country through a structured engagement programme with consistent adherence to regulatory expectations.
• Ensure that Standard Chartered Banks operations in the UAE/DIFC/ADGM are in line with regulatory expectations and Group requirements.
• 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.
• 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, 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 Directors(s) and Head, CFCC Governance UAE/DIFC/ADGM 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.
• 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.
• Proactively monitor regulatory developments to manage the regulatory impact of complex regulatory matters on the Banks business and its operations
• Provide guidance on the proper application and interpretation of banking laws, regulations and policies applicable in Country.
• Set control standards and provide advice on the development of appropriate controls for the mitigation of regulatory risks.
• Assist in overseeing relevant administration and licensing as 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).
• Co-ordinate/support the management of audits/exams.

• 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 are collaborative, inclusive yet effective efficient work practices are the norm.
• Ensure the provision of ongoing training and development.
• Lead through example and build the appropriate culture and values.
• Work effectively and proactively with business compliance and other support function teams to manage Country CFCC risks.

• Support CFCC Governance team to maintain oversight of risk mitigating action plans.
• Provide advice on the application of risk management frameworks (e.g. ORF, CRA).
• Apply Group and CFCC policies and processes to manage risks.
• Make recommendations (and/or implement) to relevant stakeholders on possible risk management r

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