FinCrime Advisory

Director, Business Risk Assessment and Advisory, Conduct Financial Crime & Compliance

Job Summary

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours 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 successful candidate has a strong business acumen and understanding of “CFCC - Conduct, Financial Crime and Compliance Business Risk Assessment and Advisory”. The candidate is highly skilled individuals with Practioners level experience in CFCC risk assessment and monitoring, business risk advisory, regulatory and policy interpretation & compliance management, issue and event management and change risk management with exposure to product development, regulatory technology and innovation, data and analytics led risk management practices. This is a global role covering across the SCB footprint in Asia, Africa, Middle East, Europe, and Americas, covering multiple Businesses from Retail Bank, Private Bank, Affluent & Wealth Management, Transaction Banking including Trade & Cash, Banking and Financial Markets Business.

Key Responsibilities

• Risk Identification, Analysis and Assessment of CFCC Risks, measure exposure to those risks and design, build and recommend control framework to mitigate and manage those risks, to enable structural and thematic risk response or remediation.
• Risk monitoring of dynamic changes to risk and control environment, generate operational level insights to enable operational or tactical risk response or remediation.
• Perform targeted deep dive into material or emerging or unknown risk areas due to a change in threat profile or business strategy, to enable structural risk response or remediation.
• Manage issues and events as it occurs, perform root cause analysis and lessons learnt, remediate vulnerabilities, reduce exposures, fix gaps to improve control environment.
• Manage CFCC risks introduced due to business change, perform a holistic assessment of impact of those changes to Businesses, mitigate and manage those risks proactively, to enable a sustainable growth of business.
• Provide Business risk advisory in areas such as policy and regulation, business, or product change, to enable a sustainable growth of business.
• Contribute materially towards the development, support, and implementation of the vision, strategy, and direction of the CFCC Professional Services team and in support of the Bank’s strategic direction and growth aspirations.
• Responsible to work with CFCC Product & Professional Services colleagues, CFCC Coverage & Specialist Teams and Business Risk Managers to identify risks across the Bank and drive appropriate action.
• Build and maintain an effective and constructive relationship with all CFCC Product & Professional Services colleagues, CFCC Coverage & Specialist Teams and Business Risk Managers 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.
• Support the integration of the Professional Services into the Bank’s overall CFCC Risk Management strategy. This includes (but not limited to): taking ownership of incoming queries by not handling them off, taking a leading role in actively becoming the go-to person for all risk assessments and monitoring and ensuring Business advise provided is consistent and aligned to CFCC’s advisory model.
• Work closely with CFCC Product & Professional Services colleagues, CFCC Coverage & Specialist Teams and Business Risk Managers, as well as other key stakeholders, to provide substantive oversight support and enable sustainable CFCC outcomes.
• Execute high standards of regulatory compliance and deliver key priorities and initiatives, aligned to the Professional Services performance scorecard.
• Advanced level Expertise on CFCC risks, respective Business and Product and Global regulatory frameworks.
• Analyse comprehensive impact of CFCC related risk and regulatory matters which has impact in SCB through quantitative and qualitative assessment..
• Establish workflows, build, and maintain effective processes / DOIs to perform Risk Assessments, Risk Monitoring and Risk Advisory, aligning with Group and relevant regulatory requirements.
• Independently perform deep dive reviews and thematic analysis to completion.
• Continuous improve and calibrate the processes, approaches, practices and methodologies.
• Provide actional risk insights to stakeholders.

Skills and Experience

• 12+ overall working experience, Banking or Financial Institution or Regulator or Fintech or equivalent industry.
• 5+ years of advanced practitioner level experience in Conduct or Compliance Risk or Financial Crime Risk management.
• Experience in Business or Product or Operations Risk Management with exposure to Conduct or Compliance or Financial Crime or Control Oversight in a front or first-line role.
• Experience in adjunct or interconnected risk operations disciplines (e.g., Financial Crime Risk Surveillance Operations, Compliance Surveillance Operations).
• Demonstrating leadership skills, leading, inspiring, and influencing stakeholders & colleagues across multiple geographies.
• Project or Change Management skills in overseeing, delivering, and implementing strategic or tactical initiatives or projects.
• Well versed with tools and techniques of analysing potential risk exposures.
• Understanding of effective communication skills.
• Understanding of best practice risk assessment techniques and risk management frameworks.
• Understanding of the key features of relevant laws and regulations relevant to the Group.
• Sound judgement on business practices, regulatory relationship management and reputational risk.
• Ability to balance both detail oriented and big picture perspectives.