Sub-Regional Head of Legal & Compliance - Commercial Clients at Standard Chartered Bank

Job Description   
• Sub Regional Legal & Compliance leadership of the Commercial Clients (“CC”) segment, through the development of an overall strategy across CC for delivering appropriate legal and regulatory guidance, and the establishment of  an integrated programme to identify, manage, monitor, and report Legal and Compliance risk.
• Support the Group and function’s refreshed strategy, One Bank commitment and strategic aspirations, including raising the bar on conduct, promotion of global standards and demonstrating we are Here for good, with a dedicated focus on the CIC segment.
   
Key Roles & Responsibilities
   
Strategy and Leadership
• Sub Regional leadership for L&C supporting CC in the region, and representation of L&C to CC business management.
• Ensure close links with the central and regional CC L&C team and regional L&C CIC team, raising relevant issues, including material transactions, conduct/fair accountability issues, people issues and business feedback.  Work with the central team to deliver global initiatives to the region.
• Maintain close relationships with CC leadership in the sub region, assisting Regional Head of L&C, CC, FCC, Control Room and L&C product teams to interface with and support such stakeholders.
• Support the Regional Head of L&C and Regional Head of CIC and Products Africa in promoting, leading and managing the culture and practice of compliance with legal and compliance standards (including conducting business to high ethical principles) within CC and embed a Here for good culture and the Group Code of Conduct. This may involve assisting management of the local regulatory relationship.
• Support regional L&C CIC and Product L&C in delivering products and transactions to regional CC clients in an appropriate and compliant manner, promoting the culture and practice of global standards, while managing local requirements.
• Establish close links with your L&C segments colleagues in the region to achieve common platforms and work plans, implementing a One Bank approach to covering all Clients, particularly the Corporate & Institutional Clients segment.
• Support Heads, L&C CC in delivery of a programme to increase L&C functional awareness of business strategy, together with CC focus areas such as establishment of the regional Middle Office teams, management of cross border lending, balance sheet and capital efficiency, and client selection.
• Ensure that the tasks set out in this Job Description are performed in the region.  This will involve delegation depending on how resource is split between CC Legal, CC Compliance, and potentially working with the Regional Head, L&C on allocating to other L&C colleagues.  The Regional Head, L&C, CC is responsible for this process, including drafting of JDs, using this document as a framework.

People and Talent
Support the Regional Head of L&C and Regional Head of L&C, CC Africa to:
• Ensure the L&C teams supporting CC in the region are adequately resourced.
• Develop and implement strategy in the areas of resourcing, talent development, performance management, learning and development and engagement for L&C CC in the region.
• Drive the importance of global standards and lessons learned, in Africa, and across the network through the Central CC L&C team, especially in relation to compliance with relevant laws and regulations and internal policies/procedures

Business Partner and Independent Guardian

1. Business / Product Advisory
• Support the Regional Head of L&C and Regional Head of CIC and Products Africa and Regional Head CC L&C to oversee provision of tailored transactional advice by L&C teams supporting CC.  
• Play an active role collaborating with FCC to manage financial crime risk, and uphold the Bank’s requirements on CDD standards and processes. Concentrate in particular on partnership to solve blockages, assess (and mitigate) client impact and improve RM behaviours.
• Take overall ownership of client documentation in the region and drive consistency of execution, including ensuring that client documentation templates used in regions align to global templates as far as possible and deviations are strictly necessary under local law, regulations or practice. Own accountability for delivery of CC client documentation, particularly for more important clients
• Take direction from Head, Legal, CC in relation to implementing global standards and initiatives, including the Bank’s position on departures from standard clauses, and applying a consistent approach to issues management
• For GC clients where the client head office and GAM are in the region, take global ownership of client documentation execution for that client.
• Support the Regional Head of L&C and Regional Head of CIC and Products Africa and regional head of L&C CC to oversee and lead LDU, driving operational efficiencies/improvements and leading second line risk control ownership of legal risk in LDU’s processes for the region.
• Support the CC centres of excellence in driving improvements to documentation processes.
• Support the Regional Head of L&C and Regional Head of CIC and Products Africa and regional head L&C CC to ensure CIC teams in the region are aware of and in compliance with current relevant laws and regulations.  Ensure proactive and timely identification, assessment, advice, dissemination and implementation of evolving legal and regulatory changes/practices and associated risks across CC business teams, and proactive engagement in regulatory reform.

2. Policies & Procedures, Risk Framework and Monitoring
Support the Regional Head of L&C and Regional Head of CIC and Products Africa and Central CC L&C and regional head CC L&C  to:
• Develop and implement an appropriate CC L&C risk management framework for the CC business in the region – encompassing anticipatory risk identification/mitigation, training, monitoring and advice on CC product. Horizon risk identification should be shared with the Central CC L&C team.
• Maintain (and if required, establish) effective processes to assure that Bank policies and standards are effectively across the CC business in the region.
• In collaboration with the Regional Compliance Monitoring Managers and Heads, Central CC L&C, ensure that local risks associated with the CC business in the region are reflected in Country risk assessments, with CMRs established where necessary.
• Ensure global standards are understood and implemented in CC locally, with any identified exceptions, or need for more/less stringent standards escalated to Central CC L&C for joint decision-making.

3. Issues Management and Escalation
• Maintain close links with the Regional and Country Heads of L&C in Africa, establishing mechanisms to identify the preferred level of interaction and escalation, and ensuring two way flow of information.
• In the event of  regulatory or policy breaches, or where risk tolerances have been breached, within CC in the region support the Regional Head, L&C, CC to ensure Business and L&C management are informed and that actions are taken quickly to remediate and/or activities are ceased.
• Ensure close coordination with Group Legal litigation teams/GSAM for L&C related input into litigation cases concerning Commercial Clients.
   
Qualifications & Skills
• Substantial experience in legal, compliance and regulatory risk management.
• Substantial experience in the banking industry, including demonstrated success in a similar role.
• Sharp business acumen (including ability to assess risk and appropriate levels of return), strong leadership qualities, proven record of relationship building with a spectrum of stakeholders, excellent and multi-cultural awareness and sensitivity.
• Strategic vision for the function.
• Sound understanding of the principles of financial crime Compliance, and the Bank’s AML and sanctions controls.
• Advanced leadership and management skills.  Strong leadership qualities and demonstrated success in the ability to effectively manage and lead large and geographically dispersed legal and compliance teams across a complex financial institution.
• Advanced knowledge in risk identification, risk assessment, controls development, training, monitoring and reporting. Able to prioritise and manage multiple tasks in a high pressure environment.
• Technical knowledge of laws and regulations relevant to the CC business with advanced ability to analyse the same and co-relate regulatory issues to products and business models. Track record of good judgment enabling the provision of sound advice in difficult areas of law, regulation and practice and the proactive management of legal, regulatory and reputational risks.

In compliance with the National Youth Service Corps (NYSC) Act of 2004, all applicants should ensure that they have completed the mandatory NYSC programme. A discharge certificate will be required as evidence of completion of the programme. Where an exemption has been granted, a certificate of exemption will also be required
   
Diversity & 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.