Job Description
Job Title: Area Head
of WB Compliance, West Africa
Job ID:
339063
Job Function:
Legal
Location:
Nigeria - SCB
Full/Part Time:
Full time
Regular/Temporary:
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Job Description
To ensure that Regulatory & compliance risks relating to
WB within the designated Area are timely / proactively identified, assessed and
mitigated/managed. Position is responsible to ensure that Wholesale Bank
operates in compliance with Group & internal bank policies/guidelines and
local regulatory requirements as well as applicable legal requirements.
The role holder advises and oversees the WB business with
respect to its management of regulatory and reputational risk for West Africa.
Key Roles & Responsibilities
• Plays a
full part in the identification of material regulatory and reputational risks
in the WB businesses in the region.
• Collaborates
pathologically with the Country Compliance teams in West Africa to deliver
consolidated Compliance support.
• Anticipates
and assesses key regulatory risk trends in WB for management consideration and
helps drive the development and implementation of appropriate mitigation
control measures.
• Be an
expert in the local regulations in your Country of location. Develop a working knowledge of the local
regulations in West Africa.
• Partners
with MEPA WB Compliance colleagues covering OCC and the WB Product Partners
(Financial Markets, Transaction Banking and Corporate Finance) to anticipate
and assess regulatory risk trends as they relate to product.
• Undertakes
continual assessment of regulatory risks associated with West Africa WB.
• Participates
in the governance of West Africa WB.
• Assists
in approving new products and new business initiatives, as they relate to West
Africa WB.
• Assists
West Africa WB business and other key support and control functions (including
Country Compliance) with regulatory expertise as required, particularly with
regard to regulatory inspections or investigations and embedding of new
policies, procedures and processes. This does not necessarily mean that WB
Compliance owns the responsibility to carry out those processes, which will lie
with the Country Compliance/Business in line with
Group operating models.
• Work on a
global basis with the various regional and global compliance teams to ensure
coordination and strategic implementation of compliance best practices for West
Africa WB.
• Partner
with the relevant FCR Officers to assist their role in ensuring that Sanctions and
CDD processes are fully embedded and compliant within West Africa WB,
particularly with respect to client onboarding.
• Attend
the GM & OCC BORCs in your Country of location, and keep updated on
relevant WB issues through close interaction with the Country WB Co-Heads, plus
the Country Heads of TB within your Area.
Controls development and implementation
• Develops
Compliance policies and procedures applicable to West Africa WB, particularly
as they relate to existing or anticipated regulatory requirements.
• Assists
in the development and enforcement of product standards and controls.
• Works
collaboratively with the business, Country Compliance and Operational Risk in
the LKCSA and BKCSA process, including lending expertise to Country Compliance
as they complete the Control Book, Compliance Monitoring Reviews, RRMI and
other Country responsibilities.
• Ensures
appropriate documentation of controls and control decisions.
Training
• Actively
participates in the delivery of a program of activities that educates and
encourages business managers and staff to operate in compliance with relevant
laws, regulations and policies, with particular focus on embedding the key
concepts of Appropriateness & Suitability, Managing Conflicts of Interest,
and Cross-border Compliance.
• Provides
ad-hoc additional training as and when appropriate.
• Assists
in the development of an effective internal business compliance culture by
promoting the benefits of ethical business conduct and the benefits of
compliance.
• Provides
product-specific training to local specialists.
• Distributes
knowledge on “lessons learned” across various jurisdictions to local teams.
Monitoring/reporting
• Develops
and implements Compliance monitoring in conjunction with relevant stakeholders
– local teams and/or WB Core Specialists.
Works with MEPA WB Compliance and Country Compliance on the Compliance
Monitoring Review programme.
• Prepares
reports for WB Compliance management as necessary.
• Ensures
timely escalation of incidents, control breaches to relevant stakeholders –
senior management in WB Compliance, local Country Compliance management, the
Control Room and other risk stakeholders
Partnership
• Builds
and maintains relationships with relevant stakeholders in West Africa WB, local
governance, in the L&C network, and in other support and risk functions.
• Becomes
the main point of contact for WB Compliance with respect to West Africa.
Qualifications & Skills
Technical Knowledge
• Possesses
core technical knowledge in laws and regulations applicable to West Africa WB.
• Has a
core grasp of WB processes, its operating model, and its key risks.
• Has a
solid general understanding of the core activities of OCC and the three product
partners, to be able to seek expert guidance from, or raise issues to,
Regional/Global WB Compliance and Control Room colleagues as required. This will include a reasonable understanding
of cross-border risks, FM risks related to Appropriateness & Suitability
and a strong grasp of public/private and transactional conflicts issues.
Compliance skills
• Core
knowledge in risk identification, risk assessment, controls development,
training, monitoring and reporting.
• Core
experience, shown by demonstrable achievements in the above areas.
Analytical skills
• Core
ability to analyse relevant laws and regulations and co-relate regulatory
issues to products and business models.
• Core
ability to identify and articulate compliance issues.
• Core
problem solving and solution finding skills.
• Introductory
ability to carry out data mining and trend analysis.
Communications and client management skills
• Core
presentation skills – one-to-one, small group, large group.
• Core
teamwork skills.
• Core
ability to ensure that relevant stakeholders receive relevant and timely
information on developments in compliance or in the business, with the priority
on ensuring “no surprises”.
• Core
ability to use communications channels appropriate to the situation.
• Strong
investigation and dispute resolution skills (particularly in responding to
client complaints).
• Strong
ability to lead discussions around complex problems with relevant stakeholders.
• Strong
ability to drive the compliance agenda with senior business leaders.
Institutional knowledge
• Core
knowledge of the system of internal controls that enables effective management
of the affairs of the Group.
• Core
knowledge of internal governance and management structures.
How To Apply
You can search and view current opportunities across our
organisation and apply immediately by registering or logging in to our careers
website www.standardchartered.com/careers.
To help speed up your application, please note the following:
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process it is preferable that you provide us with an email address as part of
your contact information)
- We will ask you about your education, career history and
skills and experience, it may be helpful to have this information to hand when
completing your application
It usually takes 15 - 20 minutes to complete the application
form; you can save your application at any time and return to complete it at
your convenience.
Closing Dates
The closing date for applications is 09/07/2012. Please note all closing dates are given in
Hong Kong time (GMT + 8 hours). We aim to
respond to successful applicants within four weeks and will keep a record or
your application in our database so that we can contact you when suitable
vacancies arise in future.
Diversity & Inclusion
Standard Chartered is committed to diversity and inclusion.
We believe that a work environment which embraces diversity will enable us to
get the best out of the broadest spectrum of people to sustain strong business
performance and competitive advantage. By building an inclusive culture, each
employee can develop a sense of belonging, and have the opportunity to maximise
their personal potential.
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