Job ID: 25155
Location: Singapore, SG
Area of interest: Operations
Job type: Regular Employee
Work style: Hybrid Working
Opening date: 14 Apr 2025

JOB SUMMARY

The role holder is responsible for supporting overall governance and compliance processes across risk types impacting Transaction Banking, ensuring consistency and efficacy of Policy and Standards application across Transaction Banking. This includes:

• Supporting the Director, Business Risk, Governance and Data, TB; with the execution of the strategic TB Governance agenda, ensuring the right risk, control and governance environment is in place for the TB business and to meet SMR and Reasonable Steps compliance
• Working with second line partners in Group Operational Risk, CFCC and ICS to ensure appropriate Policy and Standards requirements are being met within TB governance routines and continuous improvement remains front and centre
• Owning select pan TB Risk and Control initiatives (e.g. Third Party Risk Management (TPRM)), mobilising business and COO teams to meet specific Group requirements or compliance to Standards
• Supporting new or updated Policy and Standards roll outs across TB, working with business Group Process Owners and Risk Teams to ensure appropriate feedback is provided, business impact assessments completed and the necessary controls are implemented in a consistent manner across TB
• Supporting Product Managers and Product COO teams in ensuring appropriate Product Governance and Third Party Risk Management processes are in place and consistent across TB, in collaboration with second line partners

SKILLS & EXPERIENCE

• 7+ years of working experience in relevant banking domain
• Operational Risk / Risk Management – experience and exposure to multiple risk types including Operational, Financial Crime and Compliance and Third Party Risk Management. Understanding of application of risk frameworks and Standards e.g. risk assessments and control implementation
• Product Knowledge – some experience of CIB or more specifically knowledge of Transaction Banking (Cash and Trade Finance) products
• Project/Process Management – experience in leading business initiatives or processes independently. Has the ability to progress initiatives to quality and to plan in collaboration with stakeholders across first and second lines of defence
• Communication – ability to communicate requirements and influence both senior and junior stakeholders to ensure the right risk outcomes for the Bank and business
• Strategic Mindset – ability to see the bigger picture when delivering an initiative, avoiding short term solutions in favour of more sustainable longer term objectives of the business or identifying issues in current BAU and suggesting solutions for more effective and efficient risk management

QUALIFICATION

• University degree preferred

ABOUT STANDARD CHARTERED

We’re an international bank, nimble enough to act, big enough for impact. For more than 170 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
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

KEY RESPONSIBILITIES

• Continuously help to evaluate and identify operational risk implications of business strategies and programmes, and provide guidance on any operational risk remediation actions
• Support standardisation and best practice across TB Products by working closely with the Product COOs in implementation of governance and risk frameworks
• Ensure the business remains compliant to Bank Policies and procedures, continuously working with business and Product COO teams to ensure application of best practices and consistent control frameworks. Support the interpretation of changes in the Policies and Standards applicable to Transaction Banking across the multiple enterprise risk types.
• Support R&C heads across Transaction banking with key risk processes such as RCSA, Process Universe Top Down Review, the introduction of new pan TB processes, for example Third Party risk assessment and Periodic Product Review
• Support regular dialogue with relevant stakeholders in Transaction Banking, Risk Control Owners and Functions are informed of product changes, regulatory changes, new Policies and Standards, compliance reviews and audits
• Support the Director, Business Risk, Governance and Data, TB as GPO delegate for TB Third Party Risk Management and Anti-Bribery and Corruption Risk; work closely with Supply Chain Management, TPRM COE, CIB and TTO organisations for effective Third Party Risk Management. Responsible for supporting Group Outsourcing Governance requirements, including Compliance approvals, SLAs monthly Service Review Meetings (SRMs), and management of the Compliance Advisory System (CAS)
• Support Product Management governance processes, including reviewing Group Product Governance reports for escalation of issues, producing and sharing Product risk data with Product Managers each quarter to support Periodic Product Reviews
• Own specific initiatives to drive more effective risk management or compliance with Group Policies and Standards (e.g. Third Party Risk Management Standards, Product Governance Standards and Operational & Technology Risk Standards)
• Own and administer Operational Risk issues and actions in the Bank’s risk reporting system as required
• Support monitoring of Risk Hygiene, providing the necessary data inputs into the TB NFRC when required

ROLE SPECIFIC TECHNICAL COMPETENCIES

• Business process design
• Process management
• Operational risk
• Regulatory environment
• Internal controls
• Risk management
• Interpersonal relationships
• Banking products

The role holder is responsible for supporting overall governance and compliance processes across risk types impacting Transaction Banking, ensuring consistency and efficacy of Policy and Standards application across Transaction Banking. This includes:

• Supporting the Director, Business Risk, Governance and Data, TB; with the execution of the strategic TB Governance agenda, ensuring the right risk, control and governance environment is in place for the TB business and to meet SMR and Reasonable Steps compliance
• Working with second line partners in Group Operational Risk, CFCC and ICS to ensure appropriate Policy and Standards requirements are being met within TB governance routines and continuous improvement remains front and centre
• Owning select pan TB Risk and Control initiatives (e.g. Third Party Risk Management (TPRM)), mobilising business and COO teams to meet specific Group requirements or compliance to Standards
• Supporting new or updated Policy and Standards roll outs across TB, working with business Group Process Owners and Risk Teams to ensure appropriate feedback is provided, business impact assessments completed and the necessary controls are implemented in a consistent manner across TB
• Supporting Product Managers and Product COO teams in ensuring appropriate Product Governance and Third Party Risk Management processes are in place and consistent across TB, in collaboration with second line partner