Director, Compliance Surveillance, Scenario Dev-2400001014
Location
Bangalore | India
Job description
Job Description
Director, Compliance Surveillance, Scenario Dev -(2400001014)
Job : Governance, Risk Management & Compliance
Primary Location : Asia-India-Bangalore
Schedule : Full-time
Employee Status : Permanent
Posting Date : 19/Feb/2024, 11:53:48 AM
Unposting Date : Ongoing
Role Responsibilities
As a key member of the Compliance Surveillance Analytics team, incumbent will be primarily responsible for creating, improving, and maintaining detection scenarios with the mandate of Market Abuse, and Private Banking Suitability monitoring surveillance. In addition, the incumbent will take part in various projects and activities undertaken by Surveillance such as data sourcing, data quality management, compliance reviews, scenario testing automation etc.
Strategy
- Complete ownership for end-to-end delivery of Compliance Surveillance scenarios, with primary responsibility of high-quality technical design and development of scenarios to detect potential instances of market abuse or other forms of financial market misconduct, through orders, quotes, and trades.
- Support implementation and enhancement of Private Banking suitability surveillance scenarios.
Business
- Strong awareness and understanding of various market abuse regulations globally in which the Group operates.
- Strong understanding of the Group’s business strategy as well as Compliance mandate in supporting the business.
- Strong understanding of booking practices and models to implement and refine scenarios in the department.
- Strong understanding of Surveillance requirements to ensure scenarios built are fit for purpose.
Processes
- Build a deep understanding of Delta Surveillance, the department’s primary trade surveillance system, and propose optimization of various application processes relating to or affecting scenarios.
- Drive technical design and implementation of new scenarios and enhancements within Delta Surveillance in a performant manner.
- Author and review technical specification documents relating to scenarios.
- Play active role in the transition of scenario development and maintenance from vendor to internal team.
- Work closely with scenarios calibration team to enhance scenario alerts generation through feedback and collaboration with various stakeholders, using but not limited to quantitative methods such as statistical, numerical analysis of data, or computational techniques.
- Participate in scenario logic reviews, and lead engagements with stakeholders for scenario implementation and enhancement.
- Strong understanding of Surveillance data in both technical and functional terms, and how they affect scenarios.
- Actively participate in various activities related to scenario release, e.g., backlog grooming and prioritization, sprint planning, UAT, etc.
- Pro-active identification of risks and concerns, including escalation to all relevant stakeholders.
- Timely mitigation and resolution of risks and issues, establishments of effective controls, in collaboration with all relevant stakeholders
Risk Management
- Identify key issues of the workstreams assigned and work towards resolving, if not escalating where required
- Collaborate with other teams to ensure risks are comprehensively identified, assessed, and managed.
- Support all control checks approved by Operational Risk Framework (ORF) & be accountable for identification and escalation of potential risks and issues to senior management through appropriate governance channels and the Quality Assurance framework
- Comply with and adhere to relevant risk management policies
Governance
- 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 scenario development teamto achieve the outcomes set out in the Bank’s Conduct Principles: Effective Financial Markets
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
- Other teams within Compliance Surveillance: Monitoring, Controls, Data Quality and Projects
- Other functions within the wider Compliance function e.g. Advisory, Assurance
- Business/Front Office
Other Responsibilities
- Support the delivery of key priorities and initiatives aligned to the Surveillance Compliance scorecard
- Keeping people advised about important developments that may affect them and how they work.
- Continually raising the bar on standards of performance.
- Taking ownership of issues and be willing to work across organizational boundaries and structures i.e. horizontally and vertically.
- Taking a bigger picture view – what delivers the best overall benefit for the team or the Bank.
- Identifying ways in which development can be achieved with higher quality and lower effort.
QUALIFICATIONS
TRAINING, LICENSES, MEMBERSHIPS AND CERTIFICATIONS
- At least a bachelor’s degree in computing related field.
Our Ideal Candidate
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