Supporting the Head of Compliance Risk Assessment, the role holder is responsible for providing assistance with:
• Implementing and managing a best-in-class effective compliance risk assessment framework for the global Compliance function
• Enabling Compliance to more effectively service the needs of the Bank through the early identification of potential and actual regulatory risks
• Ensuring continuous risk assessment development and improvements in line with the needs of the function, the Bank, its customers and regulators globally
• Risk assessment training and support
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Strategy and Planning
• Implement actions plans where appropriate to ensure risk assessment continues to be appropriately managed and executed
• Proactively keep abreast of changes in regulation and legislation applicable to Group standards and policies, industry best practice, and changes to business activities and products that may affect risk assessment priorities and processes in order to ensure full compliance and to drive continuous improvements
Matrix and Relationship Management
• Encourage Compliance colleagues to ascribe equal value to the two sides of the scales: Trusted Adviser and Independent Guardian
• Foster improved communication and co-operation with other Risk Functions in SCB including Group Internal Audit, Control Room, Trade Surveillance, FCC, Group, Product, Segment, Region and Country Compliance, thus reinforcing the ‘One Bank’ culture
• Assist in driving a collaborative and constructive approach to risk assessment across Group, Product, Segment, Regions and Country Compliance
• Maximise the benefits of the interaction between risk assessment and Compliance monitoring
• Develop a strong network of internal and external contacts in order to achieve desired outcomes
• Develop key communications/updates for senior Compliance leaders and forums, addressing overall strategy, progress, opportunities, initiatives, outputs etc
• Focus on delivery in clear and simple terms without fuss
Cost Management
• Exercise appropriate disciplines around processes and costs
Risk and Control
• Exercise sound judgment, responding to and resolving issues appropriately and promptly
• Monitor adherence to risk assessment methodology ensuring where possible that standards are adhered to, and taking timely and appropriate action for any exceptions
• Encourage colleagues to be courageous and bold in the identification of proactive action required, in order to ensure better outcomes for Compliance, the Bank, its businesses and customers.
• Ensure clear outcomes as a result of risk assessment
Qualifications and Skills
• Some risk assessment experience would be preferable, but not essential
• Proven track record of successfully working in a complex matrix, dealing with demanding stakeholders, and building/managing sustainable relationships with senior managers, internal Compliance teams, other Risk functions, multiple lines of Business, from a broad base of cultures, operating across a variety of countries
• Strong analytical skills, and a disciplined but creative approach to establishing and maintaining processes within the matrix
• Excellent communication skills, enabling the role holder to build credibility, both internally and externally
• Able to see the ‘big picture’ whilst simultaneously having very close attention to detail
• Proven organisational and delivery capabilities – track record of multi-tasking, prioritising, working well under pressure, and setting and achieving deadlines (both short and long term)
• Proactive, problem solving approach, combined with a willingness to challenge in order to deliver results
• Strong team player with a high level of flexibility and a preparedness to ‘roll up his/her sleeves’ when necessary to get the job done
• Pragmatic, customer-focused approach
• Drive, enthusiasm, and a positive, “can do” attitude
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