Director, CFCC Risk Identification

Director, CFCC Risk Identification

Standard Chartered
Not Specified
Not Specified

Job Description

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 160 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

  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

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, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along withminimum 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.

Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

The Role Responsibilities
This is a new role within the Conduct, Financial Crime and Compliance (CFCC) RAA team.
The role will provide CFCC with methods to proactively identify new, emerging or unknown risks (i.e., financial crime and compliance threats) and develop and use innovative data analytics and behavioural science techniques to identify threats.
It includes understanding how SCB may be exposed to FCC and Compliance risks and assessing effectiveness of the control framework in mitigating these through the analysis and testing of inputs from various sources.
The Director, Risk Identification, CFCC RAA will report directly to the Head, Risk Identification, CFCC. You are a team player and in partnership with the RAA function will develop insight products that drive action across the bank.
Key responsibilities include:

  • Identify and escalate exposures to new, emerging or unknown threats

  • This includes horizon scanning of known or emerging external threats and internal risks, and understanding how SCB may be exposed to these

  • Propose methods and interventions to increase the effectiveness of the control framework in mitigating threats and risks

  • Monitor the mitigation of priority risks, challenge and contribute to business strategic decision making

  • Independently and in a group drive strategic risk initiatives, targeted deep dive reviews and thematic analysis to completion

  • Support Risk Measurement through proactive identification

  • Be point of contact to 2/3LOD stakeholders for RAA as a product owner


  • Responsible to work with other members of the FCC functions and wider CFCC community to identify risks across the Bank and drive appropriate action.

  • Responsible for the support and execution of reviews on a periodic/scheduled basis, preparation of reports and presentations as to findings, observations, and recommendations for senior management and stakeholders.


  • 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 CFCC related advice and guidance to enable the business and functions to meet/ achieve their strategic tactical objectives.

  • Regular and diarised catch ups with all key business and functional stakeholders.

  • Act as SME on RAA Risk Identification related matters

Analytical skill

  • Analyse comprehensive impact of financial crime and Compliance related regulatory matters which has impact in SCB through quantitative and qualitative data.

  • Test vulnerability to risk hypothesis

  • Support relevant stakeholders to make decisions based on current and possible future practices, and trends.

  • Keep track of and provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, emerging risks best practices and policies related to FCC and compliance


  • Attend Group and Regional Forums as requested in support of RAA matters

  • Knowledge of and experience with CFCC policy and standards

Regulatory & Business Conduct

  • Display exemplary conduct and live by the Group&rsquos 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 theRAA to achieve the outcomes set out in the RAA target state approaches

  • Effectively and collaboratively identify, escalate and support to mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

  • Wider RAA team / Heads of Risk Measurement and Data & Analytical team

  • SMEs / Policy and Standards Owners, CFCC

  • Regional / Country Heads of CFCC

  • CFCC Coverage teams

  • GIA and CFCC Assurance teams

Our Ideal Candidate

  • 10+years of Financial Crime and /or Compliance experience

  • Preference given to individuals who have Senior FCC, Compliance or similar experience in a large financial institution.

  • Ability to think beyond status quo and work well with employees across a diverse range of functional groups

  • Well versed with tools and techniques of analyzing potential risk exposures ability to utilize these to determine coverage.

  • Knowledge of and experience with day-to-day management, operations and support a big data application, systems and platforms.

  • Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data in a particular department or division of a company.

  • Understanding of effective communication concepts, tools and techniques ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviours.

  • Knowledge of collaborative techniques and approaches ability to promote a culture of continuous improvement and working together across functions to solve business problems and meet business goals.

  • Understanding and insight into evaluating current product quality and production methods and ability to maintains focus on the continuous improvement of processes, products, and services.

  • Knowledge of the organization's industry group, trends, directions, major issues, regulatory considerations, and trendsetters ability to apply this knowledge appropriately to diverse situations.

  • Knowledge of and experience with CFCC policy and standards.

Role Specific Technical Competencies

  • FCC Professional

  • CFCC policy and standards

  • Financial Crime Compliance Professional (10+ years of experience) with the ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviours

  • Well versed with tools and techniques of analysing potential risk exposures ability to utilize these to determine coverage

  • Knowledge of and ability to utilize tools, techniques and processes for gathering and reporting data and risk information

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Job Details

We are a leading international banking group, with a presence in more than 60 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, Here for good.
Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

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