* The Global Regulatory Reform team reports into the Group Head of Compliance. The team has staff currently based in Singapore, London and New York. The remit of the team covers the global regulatory agenda; pan-regional regulatory initiatives; regulations emanating in key markets that are extra-territorial in reach; and those UK prudential and conduct regulations that apply to the SCB Group.
* The Global Regulatory Reform team uses subject matter expertise to promote awareness and understanding of new regulations for the Group. On reforms the team identifies, analyses and manages a forward agenda of regulatory proposals and advises all affected global business and control functions. The team assists affected business units in performing front-to-back impact assessments and implementing policies, procedures and controls necessary to position the Bank to adapt to regulatory change. Together with front office stakeholders, and especially Public Affairs, the team also delivers targeted advocacy on material regulatory initiatives affecting the Group.
* The team is organised into a global matrix structure around regulatory themes: markets and conduct; prudential and resolution; and regulatory strategy. This position heads the prudential and resolution branch, although the post-holder will be required to work across all three branches. Global Regulatory Reform also has a branch dedicated to assessing the impact of regulations on SCB. The post-holder will also be expected to work closely with the assessment branch Job Purpose: * For all prudential, resolution and structural regulatory reforms, lead the delivery of a complete, relevant and timely service (including reform identification, communication, advocacy, interpretation and post-implementation requirements, such as obligation registers) to all Bank stakeholders at every stage of regulatory lifecycle
Key Roles and Responsibilities
Identify, assess and advise on prudential, resolution and structural regulatory reforms * Expected regulatory topics include capital, liquidity, leverage, recovery and resolution reforms and structural reforms, (such as Vickers and Liikanen) emanating from global (FSB, BCBS), regional (EU, US) or local (PRA) regulators * Leverage external and internal information sources with insights to identify, summarise and communicate information on regulatory reforms to internal stakeholders tailored to their individual needs * Collaborating with affected businesses and infrastructure functions, lead/support the timely delivery of Bank-wide impact assessments * Collaborating with affected implementation programmes and infrastructure functions, lead/support the early and holistic discussion and escalation to decision-making of strategic options for implementation * Collaborating with peers, clients and other external stakeholders with common interests and positions, lead/support, early, evidence-based and solution-orientated engagement with policy-makers * Lead/support the delivery of timely, complete and accurate interpretation of allocated prudential and resolution reforms to implementation programmes
Internal and external representation on prudential, resolution and structural regulatory reforms * Develop relationship with and lead/support representation of Global Regulatory Reform on Bank-internal work-streams impacted by or impacting allocated prudential and resolution regulatory reforms * Develop relationship with and lead/support representation of Global Regulatory Reform and/or Bank at association and other industry work-streams on or impacting allocated prudential and resolution regulatory reforms
Contribute to and support the execution of Global Regulatory Reform priorities * Foster and embed a proactive, strategic and holistic approach to the management of all regulatory reforms * Contribute to and help develop and refine team products, including the production and delivery of daily regulatory briefings, monthly updates on key reforms and targeted advocacy materials
Develop awareness and understanding of the Bank and the wider business and economic environment in which it operates * Develop knowledge of evolving Bank strategy, businesses and structure * Develop detailed understanding of wider and evolving regulatory, business and economic environments in which the Bank operates
Qualifications and Skills
* An existing Executive Director within a Bank plus 10 years or more experience in a regulatory policy function within either financial services and/or financial regulator or policymaking body * Experience at running a regulatory policy function and managing a matrix organisation; able to leverage organisational resources to complete deliverables * Ability and track record of managing people remotely and developing staff at all levels * Experience of analysing, assessing and advising on prudential, resolution and structural regulatory reforms * Experience in building relationships and liaising with multiple internal and external stakeholders (businesses, clients, regulators and industry bodies) * Experience lobbying both bilaterally and through trade associations on a wide variety of regulatory issues * Ability to work effectively across a geographically diverse footprint * Strong analytical and problem-solving capabilities * Focused on timely outcomes * High attention to detail * Ability to communicate effectively in writing and orally at all levels and to both internal and external stakeholders * Teamwork, working across teams and assisting colleagues * Strong presentation and powerpoint skills * Good judgement, inqusitive and proactive with an ability to challenge approaches to practices, procedures and specific transactions * Ability to work independently * Strong networking skills Excellent inter-personal skills and multi-cultural awareness
Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.