Executive Director, Senior Compliance Officer, SC Ventures

About The Role

Reporting to the member & Chief Compliance Officer, SCV, this role is a senior member of the Conduct, Compliance and Financial Crime (CFCC) team, looking after the global compliance activities and advisory across all SCV’s activities, including intrapreneurship, venture incubation and importantly for this role, activities in the Middle East and Africa. The role has a wide span of control and variety of activities from supporting culture and conduct to in-depth technical advice across the SCV footprint for corporate actions, activities and operations.

The role offers an excellent opportunity for an exceptional candidate who enjoys working in a small high-performing team with high levels of autonomy and responsibility, problem-solving and lateral thinking for activities outside of traditional banking. The role requires excellent technical competence in compliance and FCC matters and the ability to communicate, influence and challenge a wide range of stakeholders internally and externally, including regulators. Existing understanding of UAE regulation and regulatory relationships are required for this role.

Role Responsibilities

Purpose

• Focus on driving CFCC considerations across all activities within SCV covering a wide range of areas/topics including (but not limited to): retail banking, corporate banking, strategic investment, data strategy and digital assets. This role has specific BAU geographic responsibilities for primarily Middle East region and Africa.
• Responsible for supporting the awareness and adoption of an appropriate governance model appropriate across all SCV activities, considering senior management responsibilities, entity structuring and expansion planning.
• Responsible for supporting external, internal and leading with key regulatory stakeholders to influence and deliver innovative business models & emerging technologies to support the SCV portfolio in the Middle East.
• Responsible, with the CFCC team, for leading and driving the strategic adoption of data management framework fit-for ventures including Committee and Working Group memberships, across key CFCC considerations including (but not limited to): use of AI/ML, data quality, data privacy and records management.
• Responsible, with the CFCC team, to support strategic venture building by adopting appropriate approaches for each venture, considering the business strategy, geographic coverage, regulatory context and the CFCC risk profile.
• Responsible, together with SCV CCO, for the development of CFCC advisory talent to build a sustainable talent pipeline for the CFCC function.
• Responsible with the CFCC team, for on-going engagement of SCV and Group CFCC to ensure SCV deploy an appropriate CFCC governance model, framework, the ongoing oversight and ongoing CFCC risk assessments at all-times.
• Be a trusted advisor to the SCV UAE Management team.

Risk Management and Governance

• Responsible for collaboration and deployment of the appropriate governance model to properly manage CFCC risk covering key aspects including (but not limited to): shareholder representation, board membership, delegation of authority, senior manager responsibilities etc.
• Responsible to collaborate and deploy the entity structuring and expansion planning of SCV including setting up of new legal structure(s), regulatory engagement, local CFCC engagement etc.
• Responsible to collaborate and deploy the appropriate framework to manage party risks posed by unconventional third parties relationships including (but not limited to) business partnerships, joint ventures and alliances.
• Responsible for collaboration and deployment of appropriate governance model for Artificial Intelligence and Machine learning for SCV across the platform and business venture-levels.
• Identify and assess sources of CFCC risks and ensure that systems and controls are appropriate to mitigate and manage risks within acceptable risk tolerance levels. Report on material CFCC risks.
• Challenge and maintain the right balance between risk prudence and pace of innovation set by the new competitor landscape.
• Collaborate on preparation and cascade audit plans and findings, CFCC assurance activities and investigations to relevant stakeholders.
• Provide timely escalation and relevant oversight information to the SCV CCO on key CFCC risks and control issues.

Venture Building

• Responsible to collaborate and drive a methodology tailored to the geographic and regulatory context to help ventures shape their business/CFCC journey, the venture classification both internally and externally and determine the right-sized CFCC risk management framework befitting of the CFCC risk profile of the Venture. Such framework will cover CFCC risk identification, assessment, monitoring, training and product / business advice.
• Drive and implement the vision, strategy and direction set by the SCV CCO by driving the implementation of the agreed decision-making process for new ventures.
• Lead with regulatory engagement on innovative and emerging business models and SCV activities.
• Responsible to make recommendation for approval by the SCV Committee, appropriate policies and standards, together with clear operationalisation of the agreed processes for the Ventures to address CFCC risks, aligning them with relevant regulatory requirements and Group expectations.
• Provide governance and oversight over the implementation of CFCC related policies and procedures in the Ventures to ensure compliance with such policies and procedures.

Ideal Candidate

• Senior executive director-level experience in a Compliance role, with an excellent understanding of banking regulations, investment compliance & governance, regulatory engagement and good governance.
• Proven experience of leadership in engagement with UAE regulators.
• Leader with strong inter-personal skills, with proven skills and experience influencing, managing and executing with multiple senior stakeholders internally and externally.
• Bachelor’s degree or equivalent experience in compliance, conduct and FCC.
• Comfortable working with and deriving insights from diverse amounts of information; ability to derive conclusions based on analysis of multiple data sets.
• Excellent communication and writing skills.
• Strong attention to detail.

Technical Competency

• Excellent technical understanding and experience of UAE regulatory environments, policies, standards, horizon scanning and risk & controls assessment.
• Proven experience and leadership of engagement with UAE regulators.
• Experience in financial crime compliance, sanctions, ABC and Privacy.
• Ability to operate in traditional, agile and innovation environments and mindsets.

About SC Ventures

SC Ventures is Standard Chartered’s innovation, fintech investment and ventures arm. We are rewiring the DNA of banking through our four high-conviction pillars: Online Economy & Lifestyle, Digital Assets, SMEs & World Trade, plus Sustainability & Inclusion.

SC Ventures is reconnecting financial institutions and society to address the challenges of a new economy. We build, operate, invest and exit commercially viable ventures. We cannot be compared to a Corporate Venture Capital: we have venture-building capacity, a venture capital arm and an innovation lab, all under one roof. We are focused on creating a diversified portfolio of commercially viable ventures to transform the financial ecosystem.

• We invest in disruptive new business models and ecosystems to reimagine banking.
• We bring emerging technologies to market with safe, compliant and robust infrastructure.
• We scale fintechs with our Financial Institution expertise and networks to develop client-needed solutions.

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.

What We Offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.