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Responsibilities

In my capacity as Country Head of CFCC, I am responsible for managing all regulatory, conduct, financial crime and compliance risks in Iraq and aligning this to the vision and strategy of the function, the Enterprise Risk Management Framework (ERMF), and delegation of authority documents where relevant.

I have first line accountability for the implementation of conduct, financial crime and compliance policies, procedures and processes to the extent the processes have been identified as owned by the CFCC function, in line with the Group’s process universe as set out in the Group Operational Risk Framework, including activities within the processes owned by the CFCC function which are hubbed or outsourced

Insofar as they relate to conduct, financial crime and compliance, I am responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Board from time to time) may occur and notifying any such breaches to (as appropriate):

  • the Cluster Head, CFCC, Bahrain & MENA (excl. UAE)
  • the relevant Heads of Business / Function
  • the relevant governance committees 

I am accountable for:

  • Managing the CFCC function in Iraq. This includes oversight of conduct, compliance and financial crime matter in the country.
  • Managing the delivery of the SCB financial crime risk framework in Iraq. Financial crime risk for the purpose of this role covers: anti-money laundering, countering terrorist financing, countering weapons proliferation financing, compliance with financial sanctions and asset freezes; and anti-bribery and corruption and fraud.
  • Driving the execution of the various CFCC frameworks in Iraq, in compliance with applicable regulations, internal policies, procedures and codes so operates within the letter and spirit of the law and in so doing protect the reputation of SCB with its regulators and balance the needs of other stakeholders.
  • Working collaboratevely with other relevant CFCC teams, Advisory and FC, to support the function’s stakeholders (inclusing those in the businesses) for all CFCC issues and risks in Iraq.
  • Leading Iraq CFCC function to meet its commitment of being "Here for Good" by building a sustainable framework that places compliance, conduct and financial crime best practice standards, at the forefront of the bank's agenda.
  • Proactively supporting and challenging the businesses and functions to exhibit appropriate conduct, comply with regulatory, conduct, financial crime and compliance requirements and strive to achieve fair outcome for the bank’s clients.
  • Maintaining independence, delivering timely responses, and timely esclation of risks and issues where the management tolerance of the Group is exceeded for Iraq.
  • Developing and maintaining constructive and effective stakeholder relationships with the relevant business and supporting functions, and to assist the Cluster / Regional CFCC management to interface with and support all key stakeholders.
  • Supporting the management of regulatory relationships with all of the bank’s regulators, whose rules the SCB is subject to.

Strategy

  • Drive and implement the vision, strategy and direction in Iraq, consistent with the CFCC vision and strategy as communicated by Regional / Group CFCC management for the CFCC function aligned with the broader strategic agenda and growth aspirations of the Group and Iraq business. 

Business

  • Develop a comprehensive understanding of the Iraq busienss model and strategy to provide substansive support and challenge in order to enable appropriate and sustainable CFCC outcome.
  • Accountable for effective management of CFCC matters across Iraq working closely with CCIB CFCC Advisory at the Region and Group. Assume active involvement in problem-solving and crisis management over critical issues that have an impact on the bank’s busienss / operations in Iraq.
  • Analyse comprehensive impact on CFCC matters on the relevant business areas and their operations.
  • Accountable for communicating, implementing and escalating key changes to internal policies, procedures and standards, and accountable to ensure it is cascaded in country, in coordination with Group communications.

Processes

  • Act under delegation from the Risk Framework Owners for the principal risk types of Conduct, Financial Crime and Compliance in discharging the accountabilities contained in the ERMF in Iraq.
  • Recommending for approval by the relevant Risk Committees, appropriate policies/processes/DOIs to address CFCC risks, aligning them with relevant regulatory requirements.
  • Accountable for appropriate support and challenge to the bank’s senior management to ensure that they establish and monitor appropriate processes for compliance with CFCC policies, procedures and standards (including meeting regulatory obligations and maintaining high standards of conduct).
  • Accountable for governance and oversight over the implementation of CFCC related policies and procedures in Iraq to ensure compliance with such policies and procedures.

People & Talent

  • Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from the Iraq CFCC team and work in collaboration with risk and control partners.
  • Accountable for the provision of ongoing training and development of people and ensure that holders of all critical functions are competent, 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. Create a one-team CFCC culture of openness, trust, and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the expectation of all and norm.
  • Ensuring the CFCC function in Iraq is adequately resourced and capacitised.
  • Accountable for reviewing team structure/capacity plans and making people changes proactively and in line with HR guidance to meet requirements for Iraq.
  • Set and monitor job descriptions and objectives for direct reports and provide feedback and rewards in line with their performance against those accountabilities, responsibilities and objectives on a continuous basis.
  • Regularly and on a timely basis appraise performance as well as proactively manage attrition when needed for Iraq.
  • Assess capability and skill of the team on an ongoing basis to ensure alignment of skill set to the risk management demands of the business.
  • Provide and establish regular communication, team engagement and management meetings for Iraq

Risk Management

  • Act as Risk Owner under the Group’s Risk Management Framework for regulatory compliance processes.
  • Identify and assess sources of regulatory risks and ensure that systems and controls are appropriate to mitigate and manage risks within acceptable risk tolerance levels. Report on material regulatory, compliance risks.
  • Implement and support, in collaboration with the relevant Group CFCC teams, effective programmes for CFCC monitoring, surveillance and assurance for Iraq.
  • Accountable to effectively manage CFCC matters and to maintain oversight of risk mitigating action plans to manage issues for Iraq.
  • In the event of serious regulatory breaches or where risk tolerances have been breached, be the main escalation point and inform senior management and the relevant regulators and ensure that actions are taken quickly to remediate and/or activities are ceased.
  • Anticipate horizon risks in the area of CFCC that may have a significant impact on the Group and develop effective strategies to mitigate such horizon risks.
  • Escalate and advise the Cluster Head of CFCC, Bahrain & MENA (excl. UAE) and the CEO, Iraq (where relevant) on material CFCC issues (as required) and to ensure appropriate steps are taken to manage and/or mitigate the issue.

Governance

  • Accountable for senior oversight, guidance and direction of the CFCC function in Iraq including the various Group CFCC frameworks and programs within the country.
  • Rollout and embed lessons learned from audit findings, CFCC assurance activities and ensure specific investigations are prepared and cascaded or escalated to relevant stakeholders.
  • Provide leadership to the CFCC network as part of the Cluster senior CFCC management team.
  • Be the main point of contact to escalate, provide timely, relevant and accurate management information to Regional / Cluster Compliance senior management and CEO, Iraq on key regulatory risks and control effectiveness.
  • Support the product program and country addendum framework in Iraq.

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 Iraq CFCC 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

  • Relevant Iraq Regulators
  • CEO, Iraq
  • Cluster / Regional CFCC Management
  • Heads of Businesses and Functions
  • Risk
  • GIA

Other Responsibilities

  • Embed “Here for Good” and Group’s brand and values in the CFCC Iraq team.
  • Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

  • At least 5 years of experience in risk, governance, compliance field or related areas.
  • A strong understanding of the regulatory environment in Iraq.
  • Strong analytical skills.
  • Good judgment enabling the provision of sound advice in difficult areas of law, regulation and practice and the proactive management of compliance and regulatory risk.
  • Able to interpret and communicate clearly to the business the application of relevant rules and regulations and to engage all relevant stakeholders
  • An inquisitive and proactive approach to practices, procedures and specific transactions. Ability to manage and give leadership to subordinates across Iraq.
  • Sharp business acumen, including the ability to assess risk.
  • Strong leadership qualities, excellent inter-personal skills and multi-cultural awareness.
  • Strong integrity, independence, robustness and resilience.
  • Personal authority, integrity and ethics, with proven ability to establish relationships and exert influence at senior levels of the Group and with regulators and other external stakeholders

Role Specific Technical Competencies

  • Compliance Policies and Standards
  • Compliance Advisory
  • Compliance Review and FCC Assurance
  • Surveillance (including Screening and Monitoring)
  • Investigations
  • Compliance Risk Assessment
  • Regulatory Liaison
  • Manage Change
  • Manage Projects

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 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 www.sc.com/careers

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Confirmed 20 hours ago. Posted 30+ days ago.

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