Director - Cfcr Advisory Ibu Gift City

Job Summary Heading the CFCR dept in IBU -GIFT city in advising the various stakeholders in IBU and act as an independent second line risk control function execute the relevant aspects of the Compliance framework through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature scale and complexity of the business Key Responsibilities Help the Group meet its commitment of being Here for Good by building a sustainable compliance framework that places regulatory and compliance best practice standards and a culture of appropriate conduct at the forefront of the Group s agenda As an independent second line risk control function execute the relevant aspects of the Compliance framework through robust independent risk control and the provision of specialist advice and constructive challenge in a manner proportionate to the nature scale and complexity of the business Proactively support and challenge the Country businesses and functions to exhibit appropriate conduct comply with regulatory and compliance requirements and strive to achieve fair outcome for the Country clients Support the management of the regulatory relationships with each of the regulators whose rules the Group is subject to To ensure products and services offered in IBU comply with local regulation and cross border requirements if any through the Product Programme process country addendum Maintain constructive and effective relationships with Business Product Ops and COO assist relevant Compliance heads to interface with and support all key business stakeholders Responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances may occur and notifying any such breaches to Head Compliance India Maintain independence deliver timely responses and timely escalation of risks and issues where they feel risk management tolerance of the firm are exceeded Strategy Support and implement the vision strategy direction and leadership for Compliance teams consistent with Group Compliance vision and strategy for the CFCR function and in support of the Bank s strategic direction and growth aspirations To provide support to Business Heads and other risk owners to ensure that they establish and monitor appropriate arrangements for meeting regulatory obligations and high standards of conduct in their businesses in accordance with Group compliance standards local regulatory requirement 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 To enhance the Bank s relationships with its regulators as they affect its business in India so as to maximise the benefit to the Group flowing from those relationships Business Build and maintain an effective and constructive relationship with all key business and functional stakeholders that is based on trust capability and integrity providing timely responsive and quality regulatory compliance advice and guidance to enable the business and functions to meet achieve their strategic tactical objectives Provide regulatory advice analysis and challenge when appropriate in relation to the full product life cycle including product design through to post sale reviews assessments new business initiatives bespoke projects remedial activities including nature scale and rigour of past business reviews transitional investigations Provide robust challenge to senior management and all relevant business stakeholders where activities are outside risk tolerance appetite escalating as necessary until appropriate oversight and ownership is achieved including actions and plans to address any remedial action needed to come back within risk tolerance appetite Work closely with the business CIB WRB to provide timely regulatory compliance advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive compliance and conduct risk mitigation Processes Establish and maintain effective processes including training advice and support to ensure that policies procedures and standards to address all compliance risks effectively implemented and adhered to across business Provide support and challenge to the Bank s senior management to ensure that they establish and monitor appropriate processes for compliance with compliance policies procedures and standards including meeting regulatory obligations and maintaining high standards of conduct People Talent 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 Develop a backup for the role Risk Management Act as Risk Owner under the Group s Risk Management Framework processes where Compliance is the second line Risk Owner Ensure effective management of compliance matters and in collaboration with the rest of the Compliance team effectively manage regulatory issues that have a significant impact on the Bank Collaborate with the other Products Compliance teams and Group Compliance Management Group to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks including global standards for conduct of business In the event of serious regulatory breaches or where risk tolerances have been breached ensure senior management in the Bank and relevant regulators are informed and that actions are taken quickly to remediate and or activities are ceased Ensure proactive and timely identification assessment advice and dissemination of evolving regulatory changes practices and associated risks and proactive engagement in regulatory reform Assist and work closely with Shared Investigative Services SIS in relation to investigations concerning IBU business Provide reports to relevant OGMG and FORF CRC and management group on key compliance risks and issues Maintain adequate management MI trackers across all aspects of their coverage and responsibility to ensure all issues and matters are tracked followed regularly assessed and reported on Governance Within the Group s overall Risk Management Framework establish and maintain appropriate risk based compliance frameworks for identifying assessing managing monitoring mitigating and reporting compliance including regulatory and financial crime risks across Develop and recommend for approval by the relevant Risk Committee appropriate compliance policies and procedures relevant to IBU business Ensure appropriate product governance measures are in place so that product approval documents reflect all relevant regulatory requirements 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 Compliance teams to achieve the outcomes set out in the Bank s Conduct Principles Fair Outcomes for Clients Financial Crime Prevention Creating the Right Environment Effectively and collaboratively identify escalate mitigate and resolve risk conduct and compliance matters Key stakeholders Risk Internal Audit Regulators Business team Product Team Legal Team Other Responsibilities Embed Here for good and Group s brand and values in IBU Compliance Team Perform other responsibilities assigned under Group Country Business or Functional policies and procedures Skills and Experience IFSCA Regulation FEMA regulations Parent regulator like PRA FCA knowledge FPI regulation from SEBI RBI ODI regulation from SEBI Sanction regulations SEZ rules Qualifications Education Post Graduate In Any Discipline with Relevant Experience Languages English About Standard Chartered We re an international bank nimble enough to act big enough for impact For more than 170 years we ve worked to make a positive difference for our clients communities and each other We question the status quo love a challenge and enjoy finding new opportunities to grow and do better than before If you re looking for a career with purpose and you want to work for a bank making a difference we want to hear from you You can count on us to celebrate your unique talents and we can t wait to see the talents you can bring us Our purpose to drive commerce and prosperity through our unique diversity together with our brand promise to be here for good are achieved by how we each live our valued behaviours When you work with us you ll see how we value difference and advocate inclusion Together we Do the right thing and are assertive challenge one another and live with integrity while putting the client at the heart of what we do Never settle continuously striving to improve and innovate keeping things simple and learning from doing well and not so well Are better together we can be ourselves be inclusive see more good in others and work collectively to build for the long term What we offer In line with our Fair Pay Charter we offer a competitive salary and benefits to support your mental physical financial and social wellbeing Core bank funding for retirement savings medical and life insurance with flexible and voluntary benefits available in some locations Time-off including annual leave parental maternity 20 weeks sabbatical 12 months maximum and volunteering leave 3 days along with minimum global standards for annual and public holiday which is combined to 30 days minimum Flexible working options based around home and office locations with flexible working patterns Proactive wellbeing support through Unmind a market-leading digital wellbeing platform development courses for resilience and other human skills global Employee Assistance Programme sick leave mental health first-aiders and all sorts of self-help toolkits A continuous learning culture to support your growth with opportunities to reskill and upskill and access to physical virtual and digital learning Being part of an inclusive and values driven organisation one that embraces and celebrates our unique diversity across our teams business functions and geographies - everyone feels respected and can realise their full potential 41107