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Job Description
Job Summary
• The FI and Fintech Client Risk Advisor is responsible for contributing to the Global Initiatives and BAU tasks for the Financial Institution ("FI") Risk Advisory team, and in particular the management of risks associated with the products and services offered and sold to those Clients and how they support the Clients business model.
• As first line defence for the banks risk management, the Associate Director, is responsible for supporting the risk assessment and acceptance of the segment as well as ongoing monitoring of the clients activities
• The FI and Fintech Client Risk Advisor is required to initially focus on the New Payment Methods (NPM) and Digital Asset segments, whilst also aligning to other initiatives and Affiliates.
Key Responsibilities
Strategy
• Support cross bank collaboration with RMs, product partners, technology and COO functions to implement the FI client strategy with effective processes, controls and capability that is designed to meet the needs of FI business.
• Demonstrate deep understanding of the clients activities, needs, business models and the markets in which they operate to protect the banks interest around risk and compliance.
• Support to instil risk awareness and risk-return discipline in team culture and prepare relevant comprehensive training materials to business team.
• Demonstrate risk ownership as the banks first line of defence through compliance to the letter and spirit of the bank policies and procedures and relevant regulatory development and Advise RMs on the same. Effectively advise on and support the governance and oversight controls established to maintain high standard of compliance.
• Support the FI Financial Crime Governance & Control Team in all projects, and work closely with stakeholders in Financial Crime, Policy Implementation, and other support functions.
Business
• Critically review clients and prospects based on their alignment to SCB standards around risk tolerance, fit with footprint, business potential, values and market perception to ensure we are banking the right clients.
• Visit clients to discuss and assess their compliance management programs and understand their business needs. Conduct targeted reviews and visitations with NPM and Digital Asset clients with regards to identified risks and new business opportunities.
• Support to identify emerging risk trends within the portfolio and take appropriate remediation action steps to manage/mitigate the risks including updating senior management and various stake holders through situation update reports.
• Assist to prepare and review monthly MIS and client specific issues.
• Professionally represent Standard Chartered in support of the relationship team at the highest levels within region and internationally.
• Ensure that industry and product knowledge is continually developed personally and within the team, support the RMs developing the knowledge of Fintech, payments, Digital Asset and related product offerings of the Bank.
• Stay abreast and anticipate the developments of the industries in which our clients operate.
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Processes
• Proactively oversee the FI client portfolio to ensure:
o Support is provided to the GAMs in ensuring team is suitably trained with respect to an understanding of the regulatory environment, keeping up to date with applicable changes and Group policies with ability to contribute and, where possible, influencing policy formulation
o Key risks and concerns (regulatory, financial crime, reputational, ethical, operational etc) within the FI portfolio are raised into the relevant governance framework and communicated as appropriate.
• Collaborate across the organisation including FCC, Policy Implementation, COBAM, to ensure that SCB is oriented to effectively acquire and service FI clients.
People & Talent
• Support to build the appropriate culture and values and set the example in terms of effective engagement with the Fintech industry.
• Assist to ensure the provision of ongoing training and development of people and provide oversight to ensure that holders of all critical functions are suitably skilled and qualified for their roles and that they have effective supervision in place to mitigate the relevant risks.
• Maintenance of up-to-date knowledge on regulatory developments and required standards for compliance within the team.
• Help to prepare the training material and workshop within the front line.
Skills
ComplianceRegulatoryRisk And ComplianceRisk ManagementRisk AssessmentRisk Advisory
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About Company
Standard Chartered, a renowned multinational banking and financial services company, offers a rich tapestry of opportunities through Standard Chartered Careers. This platform invites ambitious individuals to explore roles in retail banking, corporate finance, wealth management, and more, across its vast global network. Standard Chartered is committed to fostering a diverse and inclusive workplace, emphasizing innovation, sustainability, and community engagement. Standard Chartered Careers not only propel professionals forward but also equip them with skills for the future financial landscape. Joining Standard Chartered means becoming part of a team dedicated to making a positive impact while pursuing personal and professional growth.
Risk Management & Compliance
