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US Regulatory Operations Lead

Company: Standard Chartered Bank
Location: New York
Posted on: September 26, 2022

Job Description:

Job Description - US Regulatory Operations Lead (2200023095) US Regulatory Operations Lead - ( 2200023095 ) Job : Operations Primary Location Schedule : Full-time Employee Status : Permanent Posting Date : 02/Sep/2022, 2:00:41 PM Unposting Date : Ongoing Role Responsibilities -

  • Awareness and understanding of the Group's business strategy and model appropriate to the role.
  • Oversee the U.S Regulatory Operations team to define and deliver on strategic direction for the regulatory regimes managed out of the U.S., which include Americas regimes. Business
    • Awareness and understanding of the wider business, economic and market environment in which the Group operates. Processes
      • Responsible for executing and supervising the processes and controls for US Regulatory Operations.
      • Ensure that the U.S. Regulatory Operations' process and controls are well defined, documented and operating effectively through oversight of offshore CRO (Central Regulatory Operations) team.
      • Rationalize regulatory changes impacting FM (Financial Markets) Operations' processes and controls People and Talent
        • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners.
        • Ensure the provision of ongoing training and development of people, and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks.
        • Employ, engage and retain high quality people, with succession planning for critical roles.
        • Responsibility to review team structure/capacity plans.
        • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those responsibilities and objectives.
        • Develop the US FM Regulatory Operations direct reports' key skillsets in a structured framework that provides visibility on progress, gaps and direction.
        • Manage relevant regimes' risks and issues, and ensure they are visible across relevant governance.
        • Responsible for identifying, assessing, monitoring, controlling and mitigating risks to the Group, as well as an awareness and understanding of the main risks facing the Group and the role the individual plays in managing them. This includes identification of key issues and risks for US Regulatory Operations teams, and responsible to put in place appropriate controls and measures.
        • Act as Regulatory Operations US's regulatory regimes' risk control owner under the Group's Risk Management Framework from an operational process ownership perspective. Governance
          • Responsibilities relating to the direction, planning, structure, frameworks (e.g. processes and policies) and oversight. For example, Responsible for assessing the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas; Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role. 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.
            • Lead the US Regulatory Operations team 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.
            • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Key Stakeholders
              • Responsible for the management of the following stakeholders: Operations, Technology, Compliance, Legal, COO team, Front Office (Trade/Sales), regulators, external vendors and other external stakeholders as applicable.
              • Act as lead point of operational contact for all stakeholders to the relevant regimes. Other Responsibilities
                • Embed Here for good and Group's brand and values in US Regulatory Operations team.
                • Ensure an ongoing strong understanding of the regulatory transaction reporting landscape, and post-trade regulations and requirements. This includes a strong familiarity with Dodd-Frank, Canada and other regulatory regimes overseen by the US Regulatory Operations team.
                • Effective ongoing understanding of OTC derivatives. About Standard Chartered - We're an international bank, nimble enough to act, big enough for impact. For more than 160 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
                  • Be better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
                  • 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, parental/maternity (20 weeks), sabbatical (12 weeks maximum) and volunteering leave (3 days), along with 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.
                  • Recruitment assessments - some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process. Visit our careers website -

Keywords: Standard Chartered Bank, New York , US Regulatory Operations Lead, Other , New York, New York

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