Job ref no.: 2200016818
Standard Chartered Bank

Associate Director, CFCC Governance, Asia

Standard Chartered Bank

Role Responsibilities
Implement and execute CFCC Governance responsibilities for Asia region, including

  • Assist in developing appropriate CFCC policies and procedures to and for approval by relevant stakeholders.
  • Provide advice to relevant stakeholders on compliance with Group standards relating to CFCC.
  • Assist to ensure that key changes (to laws, rules, regulations) are communicated and cascaded in region, in coordination with group communications.
  • Assist in regulatory reform across the Region, including ensuring identification and escalation of regulatory reform proposals.
  • Provide advice to relevant stakeholders on the interpretation and application of regulatory expectations, laws, best practices and policies related to CFCC wherever appropriate.
  • Support in-country CFCC Governance teams in the Region in ensuring proactive regulatory engagement across the Region.
  • Review and analyze governance / management reports and MI to gain a full view of the compliance and conduct and FCC risks to the organization and provide advice and recommendations to the Regional Head, CFCC, Asia.
  • Prepare ad-hoc compliance and conduct reports / presentations for governance and management committees including the Asia Management Team, the Asia Risk Committee, and the Asia CFCC Functional Operational Risk Forum (“Asia FORF") with supporting CFCC risk MI as appropriate.

Specific Responsibilities

  • Assist to drive the conduct risk management agenda in 2LOD ensuring countries in the Region and formulate and implement action plans in accordance with Group requirements.
  • Provide oversight of / support implementation of country CFCC Implementation of ERMF, keep countries in the Region abreast of changes in framework / policy / procedure and ensure they understand what is required of CFCC.
  • Assist in Implementation of ERMF by CFCC teams in countries in the Region.
  • Manage CFCC MI monitoring and reporting and assist the Asia regional team to understand key compliance and conduct risks in the Region.
  • Provide regional oversight / implementation of data governance initiatives in countries in Region covering client confidentiality, data privacy and document retention management.
  • Support regulatory risk reporting policy / framework attending meetings of the related reporting forum as appropriate.
  • Support global / regional projects as required.
  • Provide strategic support to significant audits and reviews in the Region.
  • Manage / support consultation of new Group / regional policies and frameworks.
  • Attend regional meetings e.g. Asia FORFs.
  • Perform / support ad hoc regional reviews.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  • The responsibilities referred to in this JD include Conduct, Compliance, and Financial Crime (including Fraud) risks, and associated risk-sub types under the Bank’s ERMF.
  • Additional Responsibilities (in connection with SCBHK Group)
  • Assist as one of the contact points for Regional CFCC.
  • Assist to manage regional regulatory escalation in accordance with regional guidance protocols. Ensure timely escalation of issues arising in relevant countries in the Region to regulators in Hong Kong.
  • Assist to manage and administer the process of dissemination of laws and regulations at the regional level and maintain related policies and procedures.
  • Provide advice on (ex-business) Hong Kong regulations and determine their applicability to the regional subsidiaries of SCBHK. Support the relevant Country Heads of CFCC to drive implementation.
  • Assist to establish procedures, guidance or other appropriate artefacts in relation to (ex-business) Hong Kong regulations that are applicable to the regional subsidiaries of SCBHK (“GETRs"), ensuring that the appropriate assurance mechanisms are in place and that appropriate training has been provided to relevant staff.
  • Provide preliminary assessment in relation to GETRs to enable the required annual attestations to be provided by the Regional Head of CFCC or Country Head of CFCC, as the case may be.
  • Review and provide input to assurance review plans and schedules to ensure that, as far as possible, they provide appropriate coverage over the key risks in the Region.
  • Support the Regional Head of CFCC Governance in challenging the Group and country input into the compliance risk assessment.
  • Provide updates on key risks and issues to the Regional Head of CFCC Governance to enable the Regional Head of CFCC to provide reports to the local SCBHK Board and board committees and regional management committees.

People and Talent

  • Promote and embed a culture of openness, trust and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm.
  • Assist to stimulate an environment where forward planning, prioritization, deadline management and streamlined workflows and collaborative, inclusive yet effective and efficient work practices are the norm.
  • Assist to coordinate / deliver training to staff members to ensure ongoing compliance awareness and knowledge.

Risk Management

  • Understand technical aspects of systems relevant to CFCC and support with the alignment of relevant systems and controls.
  • Provide advice on the application of risk management frameworks (e.g. ORF, GRA).
  • Make recommendations to (and / or implement) relevant stakeholders on possible risk management responses to identified risks and / or findings of concerns from investigations.
  • In the event of serious regulatory breaches, or where risk tolerances have been breached, assist to ensure senior management and relevant regulators are informed and that actions are taken quickly to improve, remediate and / or activities are ceased.
  • Support delivery of annual Global CFCC related risk assessment processes.
  • Assist to ensure proactive and timely identification, assessment, advice and dissemination in accordance with the respective Group framework of evolving regulatory changes / practices and associated risks in and relating to the region.
  • Support the review and analysis of the client base to identify and manage high risk clients, or specific country reviews.


  • Attend relevant team meetings.
  • Stay connected with GIA and CFCC Assurance units as appropriate.
  • Track significant issues arising from CFCC metrics, CFCC Assurance activities, Audit reviews and regulatory inspections. Assist in validation of issue closure where necessary.
  • Assist in defining metrics and / or key risk indicators (KRI) including those relevant to AML, Sanctions, ABC and Fraud.
  • Analyze and interpret data to produce reports that help the bank identify and manage emerging areas of risk / vulnerability and thus drive remediation action within the FCC function.

Regulatory and Business Conduct

  • Display exemplary conduct and live by the Group’s 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.
  • Set example in the Regional CFCC Governance team to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; Effective Operation of Financial Markets; Financial Crime Prevention; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders

  • Country CFCC Governance, CFCC Advisory and FCC teams in the Region.
  • Regional CFCC Advisory and FCC teams in the Region.
  • Regional Head of FCC and Regional Financial Crime Risk Specialists in the Region.
  • Regional Heads of CFCC in the Region.
  • Senior Management in the Region, including CEO Offices, business units, and second line functions.

Other Responsibilities

  • Perform other responsibilities assigned by Head of CFCC Governance under Group, Country, Business or Functional policies and standards.

Our Ideal Candidate

  • Implementation and project management skills with experience in assisting the delivery of firm wide programmes.
  • Relationship management skills, with a natural aptitude for co-ordination of both people and projects and experience of conducting work successfully across different geographies.
  • Understanding of the financial services sector, with sound judgement on business practices, regulatory framework, management, and reputational risk.
  • Exemplary integrity, independence and resilience.
  • Exposure and varied experience in dealing with the Group’s business, functions, and geographies with a good knowledge of the business or strategy, and understanding of the Group’s markets.
  • Analytical skills with experience of financial analysis.
  • Proficient in Microsoft application such as Word, Excel and PowerPoint.
  • Appropriate university education and / or external FCC qualification, for example ICA Diploma or ACAMS.                     

Apply Now to join the Bank for those with big career ambitions. 

More job information
Job ref no. 2200016818
Job Function
Employment Term
  • Permanent
  • Full-time
Career Level
  • Middle management level
  • Degree