Associate, Cfcc Advisory, Fm, UAE, Difc - Dubai, United Arab Emirates - Standard Chartered

Standard Chartered

Verified Company

Dubai, United Arab Emirates

1 week ago

Posted by:

Ahmed Al-Mansouri

beBee Recruiter

Description

Job:
Compliance

Primary Location:
Africa & Middle East-United Arab Emirates-Dubai

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 13/Feb/2023, 11:54:21 PM

Unposting Date: 28/Feb/2023, 5:59:00 PM

The Role Responsibilities

Responsible for supporting the Head, CFCC Advisory, FM, AME and Head, CFCC, GIB and the Head CFCC, DIFC & Head CFCC, CCIB, UAE, ADGM & DIFC in managing all regulatory and CFCC risks relating to the Financial Markets ("FM") business in the United Arab Emirates ("UAE"), Abu Dhabi Global Market ("ADGM"), Dubai International Financial Centre ("DIFC"), and Middle East & North Africa ("MENA") and aligning this to the vision and strategy of the function, the Enterprise Risk Management Framework ("ERMF"), and delegation of authority documents where relevant.
Also responsible for supporting the Head CFCC, DIFC & Head CFCC, CCIB, UAE, ADGM & DIFC and the Head, CFCC Advisory, FM, AME and Head, CFCC, GIB in managing regulatory and CFCC risks relating to the FM businesses in UAE, DIFC and MENA in collaboration with the CFCC resources in relevant cluster and country CFCC teams.
I have first line responsibility for the implementation of CFCC policies and procedures for FM processes in UAE, DIFC, and MENA 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 (if any).

In so far as they relate to FM CFCC, I am responsible for providing 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, DIFC & Head CFCC, CCIB, UAE, ADGM & DIFC
Head, CFCC Advisory, FM, AME and Head, CFCC, GIB
The relevant Heads of Business and stakeholders

My responsibility does 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.

All references below to FM businesses shall be deemed to refer to those businesses in UAE, DIFC, ADGM, and MENA.

For the purposes of this Job Description, FM also includes coverage of Treasury Markets ("TM") Global Credit Markets ("GCM"), Corporate Finance ("CF"), Financing Security Services ("FSS") and shared CFCC responsibility for Capital Markets Products & Solutions ("CMPS"), in line with the agreed approach with Consumer, Private, and Business Banking ("CPBB") CFCC.

I am responsible

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 CFCC Principal Risk Types Frameworks ("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 FM businesses.
For the evaluation and assessment of the effectiveness of the Group's Conduct, Financial Crime and Compliance Risk Frameworks.
To proactively support and challenge the FM businesses and supporting functions to exhibit appropriate conduct, comply with regulatory and compliance requirements and strive to achieve fair outcome for the FM clients.
For maintaining independence, deliveing 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, DIFC & Head CFCC, CCIB, UAE, ADGM & DIFC; and Head, CFCC Advisory, FM, AME and Head, CFCC, GIB to interface with and support all key stakeholders.

Strategy

Assist the Head CFCC, DIFC & Head CFCC, CCIB, UAE, ADGM & DIFC and the Head, CFCC Advisory, FM, AME and Head, CFCC, GIB to set and implement the vision, strategy and direction FM CFCC Advisory resources in UAE, DIFC & MENA, consistent with the Head, CFCC Advisory, FM, AME and Head, CFCC, GIB and the Global Head, CFCC Advisory, FM vision and strategy for the CFCC function, and in support of the Bank's strategic direction and growth aspirations.
Support and 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.
Establish and maintain close links with CFCC colleagues leading other client segments, product gro