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About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities & Our Ideal Candidate
Inform the development of business plans with the provision of operational loss forecasts and a balanced judgement on operational risks in the external environment for Functions.
Contribute to the development of performance management processes, to encourage the development of an appropriate risk culture and discipline.
Implement the strategic intend and agenda for the Operational Risk function as defined by the Group.
Maintain and develop operational risk capabilities, skills, and infrastructure to meet ongoing needs and plans for the functions.
Supervise all processes where a member of the functions is the identified first line process owner.
Ensure effective management of operational risks and compliance with applicable internal policies, and external laws and regulations.
Continuously improve the operational efficiency and effectiveness of operational risk management processes
Align the Group's operational risk management approach to the Enterprise Risk Management Framework and oversee its effective application across all Functions.
Contribute to the design of the risk committee structure for operational risk within the Functions and ensure it is effective.
Ensure that the Risk Operational Risk committees is exercising its responsibilities effectively within delegated authorities; actively participate in other key committees through standing membership.
Ensure first line process owners and all Operational Risk Control Owners understand and accept their risk management responsibilities.
Maintain an open and cooperative relationship in dealing with regulators.
Assess periodically the operational risk profile of Risk and maintain alignment with risk appetite by rebalancing controls that may be required in response to internal and external factors.
Ensure that effective management response plans are in place to respond to extreme but plausible scenarios.
Uphold the integrity of operational risk / return decisions, by challenging business and control function heads to demonstrate that risk origination and control decisions are properly informed and consistent with strategy and risk appetite.
Direct appropriate response to material events or other risk issues that come to the Head, Risk Function Operational Risk's attention.
Provide balanced and informed assessments of operational risks arising from acquisitions and major change initiatives.
Operational Risk Framework ("ORF") Programme
Implement the ORF to bring rigour to the identification and management of risks in processes which are capable of producing material unsatisfactory operational risk outcomes for the Business Efficiency, GBS and COO Functions.
Work with Business Efficiency, GBS and COO Functions to get clear timelines and milestones for the ORF roll out.
Define and design appropriate MI and communicate ORF updates to relevant committees.
Risk Control Ownership of Operational Risk
Develop and maintain risk identification, measurement, and modelling capabilities which are objective, consistent, and compliant with applicable regulations.
Ensure that material risk exposures and related issues are reported to the responsible risk governance committees and to the Board Risk Committee.
Assign operational risk authorities to suitable named individuals in line with their skills and judgement.
To provide a focal point of control over the aggregate level of operational risk that arises from end-to-end processes.
Design, maintain, and effectively communicate operational risk control parameters across the Business Efficiency, GBS and COO Functions, including policies, control standards, risk exposure limits, and other control levers to maintain the Business Efficiency, GBS and COO Functions risk profile in line with the overall risk appetite set by the Board.
Challenge the completeness of risk identification, monitoring, and control activities across Operational Risk Control Areas within the Business Efficiency, GBS and COO Functions and identify and address any significant gaps that may exist between them.
Maintain a good understanding of the requirements of the Group's key external stakeholders in respect of operational risk management and ensure these are well understood internally and reflected in internal procedures.
Obtain assurance regarding the effectiveness of operational risk controls and compliance with applicable laws and regulations.
Ensure effective reporting of operational losses in line with policy.
Regulatory & 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.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders Internal:
Members of the Enterprise Risk Function Management Group
Members of the relevant Group Business Efficiency, GBS and COO Functions Operational Risk Committee
Relevant Group Function Heads
Relevant Risk Control Owners
Head, Functions Internal Audit
Members of Group Operational Risk Management Teams
Prudential Regulatory Authority (PRA) and other key regulators
The Group's external auditors
Apply now to join the Bank for those with big career ambitions.
Internal Number: 5869834
About Standard Chartered Bank
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