Associate Principal, CFCC CCIB, Angola
Standard Chartered Bank
Luanda, Angola, East
há 12 horas

About Standard Chartered

We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation.

This in turn helps us to provide better support to our broad client base. The Role Responsibilities

The Associate Principal, CCIB Advisory will support the Head, CFCC Angola in managing all regulatory, conduct, financial crime and compliance risks relating to the GB & CB businesses in Angola and aligning this to the vision and strategy of the function, the Enterprise Risk Management Framework (ERMF), and delegation of authority documents where relevant.

Managing regulatory, conduct, financial crime and compliance risks in collaboration with the CFCC resources in relevant country CFCC teams.

First line responsibility for the implementation of Compliance, Conduct and FCC policies and procedures to the extent the processes have been identified as owned by the CFCC function, in line with the Group’s process universe as set out in the Group Operational Risk Framework, including activities within the processes owned by the CFCC function which are hubbed or outsourced.

Provide details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Board from time to time) may occur and notifying any such breaches to (as appropriate) :

  • Head, CFCC, Angola
  • Responsibilities do not encompass the operation of information technology systems used to implement any policies and procedures, which is the responsibility of the Group Chief Information Officer, and does not encompass fraud or cyber related matters.

    Responsibilities include :

  • To help the Group meet its commitment of being "Here for Good" by building a sustainable framework that places Compliance, Conduct and FCC best practice standards, at the forefront of the Group's agenda.
  • As an independent second line risk control function, to execute the relevant aspects of the Compliance, Conduct and FCC PRTFs 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 businesses.
  • To proactively support and challenge the businesses and supporting functions to exhibit appropriate conduct, comply with regulatory, conduct, financial crime and compliance requirements and strive to achieve fair outcome for clients.
  • For maintaining independence, delivering timely responses, and timely escalation of risks and issues where the management tolerance of the firm is exceeded.
  • For maintaining constructive and effective stakeholder relationships with the relevant business and supporting functions, and to assist the Head, CFCC and CFCC Advisory and Head, CFCC Advisory and AME to interface with and support all key stakeholders.
  • For supporting the management of regulatory relationships with all of the Group’s regulators, whose rules the Group is subject to.
  • Strategy

  • Assist the Head, CFCC to set and implement the vision, strategy, direction and leadership, consistent with the Regional Head, CFCC Advisory, CCIB, AME strategy for the CFCC function, and in support of the Bank’s strategic direction and growth aspirations.
  • Support the Head, CFCC to promote the culture and practice of compliance with CFCC 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.
  • Input business operating model design of relevant Compliance, FCC and business processes.
  • Business

  • Develop a comprehensive understanding of the business models and strategy in order to assist in providing oversight support and challenge in order to enable appropriate and sustainable CFCC outcomes.
  • 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 conduct, financial crime & compliance-related advice and guidance to enable the business and functions to meet / achieve their strategic tactical objectives.
  • Provide conduct, financial crime and compliance-related advice, analysis (and challenge when appropriate), including compliance with relevant Group CFCC standards (including, but not limited to, EAF, Transactional Conflict and Information Walls, Client Classification, G&E, AML / Sanctions and ABC), product governance, product design, new business initiatives, bespoke projects, remedial activities (including nature, scale and rigour of past business reviews), client and transactional advice.
  • 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 and its operational teams to provide timely advice to ensure compliance with all relevant laws and regulations and support the transition to pro-active and pre-emptive CFCC risk mitigation.
  • Support the resolution of competing requirements between regulations specific to businesses (i.e. between AML regulations and data privacy / bank secrecy or information security regulations.)
  • Support the Head, CFCC to establish and maintain risk-based compliance frameworks and the programme for monitoring and assuring compliance that supports the transition to pro-active and pre-emptive compliance and conduct risk mitigation.
  • Promoting the culture and practice of global standards to the business, while managing local requirements
  • Processes

  • Act under delegation from the respective Risk Framework Owners for the principal risk types of Compliance, Conduct and FCC in discharging the responsibilities contained in the ERMF, to the extent that CFCC Advisory is the appropriate second line risk owner.
  • The role holder is not responsible for CFCC first line processes unless specifically delegated by and / or agreed with the group process owner.
  • This includes CFCC processes operated to manage risks in businesses such as name screening or transaction monitoring.

  • The role holder is not responsible to ensure that CFCC process owners agree their respective handoffs, which ought to be documented in a service level agreement.
  • However, consistent with the CFCC advisory second line responsibilites under the ERMF, the role holder is responsible to ensure that in the absence of an agreement or if responsibiilties are poorly executed, the risks inherent in businesses are addressed in line with the ERMF.

  • Support and maintain effective policies / processes / DOIs (including training, advice and support) to address conduct, financial crime and compliance risks across businesses, aligning with relevant regulatory requirements.
  • Provide governance and oversight over the implementation of CFCC related policies and procedures relevant to businesses (to enable compliance with such policies and procedures).
  • Provide support and challenge to senior management to ensure that they establish and monitor appropriate processes for compliance with CFCC policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).
  • People and Talent

  • Help promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
  • Support the stimulation of 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.
  • Provide feedback at business, function, country and individual level as appropriate, on CFCC matters which should have a bearing on remuneration pools or individual bonuses (for senior staff).
  • Drive the migration of skill, knowledge, best practice and lesson learned across the network between CFCC Advisory colleagues especially in relation to regulatory risks and compliance with relevant regulations and internal policies / standards as they pertain to CCIB businesses.
  • Risk Management

  • In accordance with the Group’s Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant processes.
  • Collaborate with the other Country & Regional CFCC Advisory Teams to anticipate horizon risks that may have a significant impact on the Bank and develop effective strategies to mitigate such horizon risks.
  • Assist the Head, CFCC to ensure effective management of CFCC Advisory matters, and in collaboration with the rest of the CFCC team, effectively manage regulatory issues that have a significant impact on the businesses.
  • Collaborate with relevant senior managers to support the programmes for conduct, financial crime and compliance monitoring, surveillance and / or assurance for businesses.
  • In the event of serious related regulatory breaches, or where CFCC related 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.
  • Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes / practices and associated regulatory, compliance and financial crime (AML / Sanctions / ABC) related risks, and proactive engagement in regulatory reform, in relation to product and client related activities.
  • Assist and work closely with the Group Shared Investigation Services team, as needed, in relation to investigations.
  • Liaise with the internal audit function to ensure that any CFCC Advisory weakness identified by the internal audit function activities are appropriately followed up.
  • Provide reports to relevant Country and Business risk and control committees and management group on key conduct, financial crime and compliance risks and issues pertaining to businesses.
  • Provide advice on the application of risk management frameworks (e.g. ERMF) and provide advice to relevant stakeholders on outcomes of risk identification and assessment methodologies
  • Support in providing oversight of risk acceptance and / or mitigating action plans.
  • Provide reports to relevant risk and control committees and management group on key compliance risks and issues.
  • Ensure global standards are understood and implemented locally, with any identified exceptions, or need for more / less stringent standards escalated for relevant joint-decision making.
  • Understand technical aspects of systems relevant to CFCC (including CDD, Client Risk Assessments, Name and Transaction Screening, AML Monitoring and Case Management).
  • Identify intelligence for typology studies and risk mitigation plans.
  • Support delivery of annual CFCC Risk Assessments, including the Compliance Risk Assessment (CRA), Product Risk Assessment (PRA), Global AML, ABC and Sanctions Risk Assessments.
  • Provide intelligence inputs to support calibration of bank’s Risk Methodologies (including aggregate client risk, product risk and country risk assessments).
  • Support the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.
  • Governance

  • Attend relevant governance meetings, and provide relevant reports to senior management and governance / risk committees when delegated by the Head, CFCC.
  • Assist in the identification and escalation of potential CFCC related, risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
  • Ensure appropriate product governance measures are in place so that product approval documents reflect all relevant regulatory requirements.
  • Propose control effectiveness and efficiency improvements and simplifications where appropriate.
  • Attend relevant governance meetings, and provide relevant reports to senior management and governance / risk committees when delegated by the Head, CFCC.
  • Assist in the identification and escalation of potential CFCC related, risks and issues to senior management through appropriate governance channels and the Quality Assurance framework.
  • Ensure appropriate product governance measures are in place so that product approval documents reflect all relevant regulatory requirements.
  • Propose control effectiveness and efficiency improvements and simplifications where appropriate.
  • Ensure lessons learned from audit findings and CFCC monitoring and / or assurance activities are properly prepared and cascaded.
  • Within the Group's ERMF, establish and maintain appropriate risk based CFCC framework for identifying, assessing, managing, monitoring, mitigating and reporting compliance (including regulatory and financial crime) risks.
  • Maintain adequate management MI / trackers across all aspects of one’s coverage and responsibility to ensure all issues and matters are tracked, followed, regularly assessed and reported on, including oversight of risk acceptance and / or mitigating action plans, identification and management of high risk clients or specific country reviews.
  • Support the product programme and country addendum framework.
  • Support the design and maintainance of dashboards and metircs that allow CFCC to dynamically monitor regulatory, compliance and financial crime risk and operational performance for key CFCC processes.
  • Regulatory relationships and regulatory change

  • Support CFCC Governance resources in AME and the Head, CFCC in relaton to :
  • the identification and inclusion of relevant (Segment) matters for discussion in the Government & Regulatory Relationship Plans ( GRRPs );
  • the management of regulatory inspections and identification of regulatory reform that directly relates to (Segment) businesses;
  • the provision of briefings and guidance to (Segment) management on relevant regulatory matters;
  • ensuring (Segment) businesses are properly prepared for routine regulatory exams, audits and supervisory inspections, as well as to managing the response from the (Segment) businesses; and
  • support relevant stakeholders to respond to regulatory questions.
  • Our Ideal Candidate

  • Bachelor’s degree in a control related discipline, Business, Finance, Economics or related field of study from an accredited institution
  • CAMS Certification or Certified Compliance Professional ( CCP) Certification preferred
  • At least 5 years of Financial Services or Banking or Operations experience. 3+ years of direct experience in Financial Crime Compliance, or equivalent appropriate control function or business experience, with sound understanding of the current environment and key issues, withing the Banking / Financial Services Industry, specifically in the context of the Correspondent Banking risk
  • Experience in Compliance, Risk Management or other Control functions will be highly valued
  • Analysis skills : able to analyse data trends and out of pattern activities
  • Banking : knowledge in terms of customers, products and transactions.
  • Bilingual Portuguese & English speaking
  • Good Stakeholder Management and communication Skills
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