To support the Head, Risk and Policy, Legal in the management of risk and policy matters across the Legal, Corporate Secretariat and Shared Investigative Services (LCS) function in the First line and Second line of Defence (1LOD and 2LOD)

This role will support BAU and transformation requirements to ensure robust sustainable risk identification and detection processes going forward, and a proportionate reflection of risk

Strategy

• For 1LOD risk, engage as a coordinator and point person between LCS teams, Process Owners, Risk and Control teams and framework teams including Group Risk including the identification, management and implementation of the Enterprise Risk Management Framework (ERMF)
• 2LOD subject matter expert for Legal Enforceability risk identification and management across business segments operating in 1LOD, an in addition any Policies or Standards owned by Legal in 2LOD. Oversight should include correct assignment and oversight of the risk in 1LOD, proportional risk ratings and controls being in place to detect risk is operating within threshold.
• Support the LCS function in the implementation of Enterprise Risk Management Framework changes.
• Support the LCS function in the implementation of Changes to Group policies and standards that impact them
• Periodic Risk & Conduct Management Information and trend analysis for making judgements
• Performing LCS owned policy assurance / other effectiveness reviews mandated by group policies for compliance
• Support delivering actions from Risk Treatment Plans and Remediation Plans for the LCS function (1LOD)
• Supporting LCS 1st line process with their control monitoring activities.
• Ensure function wide compliance with Group Policies

Business

• Ensure applicable risks are identified and accurately risk rated, with controls in place, having considered all Risk types and Sub Types in the ERMF
• Support through the RCSA activities
• Ensure Controls are well designed and operating effectively.
• Monitor controls for performance against threshold, escalating when these are outside of threshold with remediation plans put in place.
• Identify elevated risk and ensure Risk Treatment Plans are in place, agreed with Risk Framework Owners and are delivered on time to Low
• Identify and embed applicable Policy and Standard changes
• Identify and embed applicable Regulatory changes
• Create learning and educational plans where necessary to ensure risk is considered and actioned in a timely manner, in particular where new risks are identified
• Raise self-identified and Material Risk Events proactively when required.
• Assist in all aspects of M7 requirements
• Facilitate and guide (where required) implementation of various Group or Legal COO projects on an ad-hoc basis
• Assist the LCS function on requests from OR, audit, regulators around risk and policy.

People & Talent

• This is a non-people leader role; however, the role may be required to support and where necessary mentor new joiners and other team members

Risk Management

• SME risk management is integral to the role. In particular knowledge of the following should included in the employee competencies:
  • Governance Risk and Compliance
  • ERMF
  • Entity Structure of the Group
  • 1LOD and 2LOD risk management
  • RCSA requirements

Governance

• Support the Head, Risk and Policy, Legal in the effective management of the LCS Risk including the LCS NFRC.
• Support the LCS function in the process of risk identification and reporting / escalation to LCS Non-Financial Risk Committee (NFRC).

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.
• Manage the LCS teams in E&A to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]

Skills and Experience