Associate Director, Second Line Assurance (2LA)-2400002084
Location
Bangalore | India
Job description
Job Description
Associate Director, Second Line Assurance (2LA)-(2400002084)
Job : Governance, Risk Management & Compliance
Primary Location : Asia-India-Bangalore
Schedule : Full-time
Employee Status : Permanent
Posting Date : 21/Feb/2024, 9:33:45 AM
Unposting Date : Ongoing
The Role Responsibilities
Job Role
Conduct, Financial Crime and Compliance (CFCC)’s vision is: Partnering to drive the right outcomes for clients and communities.
The Second Line Assurance (2LA) function within CFCC provides independent, effective, insightful and risk-based assurance across relevant non-financial risk-types. Our vision is ONE approach, ONE plan, ONE mindset: a digital, commercial and risk based function that focuses on key risks that impact our clients, business and regulators; Insights that improve client experience and risk management; a talent bank recruiting, growing and delivering even stronger talent.
Strategy
- Collaborate with and support their Head of Assurance, directly contributing to the overall strategy of the function through the development of the 2LA Annual Plan (“the Plan”).
- Responsible for quality execution and timely delivery of the Plan.
- Proactively identify and communicate emerging risks as input to any periodic review of the Plan.
Business
- When assigned to lead a Review, communicate outcomes from the Review to relevant stakeholders and support them in developing mitigating actions to correct identified issues.
- Execute assigned review tasks within the designated business area; identify and record potential issues and ensure that these are formally evaluated according to the Methodology.
- Actively engage in the Review processes, taking every opportunity to develop their knowledge and understanding of SCB Business and the execution of Assurance while delivering their tasks.
- Ensure that key changes (to laws, rules, regulations) relevant to the execution of Assurance activities are communicated and cascaded to team members in their area of responsibility.
Processes
- Collect relevant information to develop risk-based assurance reviews to deliver consistency and efficiency across the consolidated plan.
- Analyse the relevant principal risk types and risk assessment for the assigned Review; and maintain constant engagement with the first, second - and third-line stakeholders.
- When leading a Review, manage all scoping and set up end-to-end execution of the Review (or any other tasks) either under the supervision of a review oversight or independently as Review Lead.
- Ensure that all documentation relevant to the assigned Reviews are completed timely and adhere to the quality standards by the 2LA Methodology.
- As required by the Methodology track issues throughout the issue lifecycle, capture and track the issue data in the relevant tracking tool and ensure the remediation of issues arising from assigned Reviews (and any other assigned task) is sustainable and validated before closure. In the event of a serious regulatory breach, or where risk tolerances have been breached, ensure their Head of Assurance is informed, and action is taken quickly to remediate - or related activities are ceased.
- Promote 2LA co-operation and partnership with Auditors, regulators, peers and industry.
- Monitor quality standards for Review activities within their area of responsibility; recommend action to drive performance improvement where required.
- Capture and communicate insights arising from Review execution; actively engage in driving improvement of the Methodology.
- When assigned to lead a Review, ensure the timely release of Review team members to their next task; actively manage assigned resources to ensure that tasks are completed on schedule; and manage unexpected resource requirements.
People and Talent
- Promote and embed a culture of openness, trust and risk awareness where ethical legal, regulatory and policy compliant conduct is the norm.
- Stimulate and environment where forward planning prioritisation, deadline management and streamline workflows and collaborative, inclusive effective work practices are the norm.
- Ensure that all required personal development tasks are completed in a thorough and timely way, including mandatory training, objective setting, appraisals and the P3 process.
Risk Management
- Support the development of capability to provide Assurance across all relevant non-financial risk types.
- Adhere to the required standards of risk management for the management of all Assurance processes.
- Ensure that work delivered in their area of responsibility follows prescribed workflows and meets quality standards for the 2LA function with the required attention to detail and within the timelines set.
Governance
- Swiftly escalate significant risks and issues arising from Assurance activities by notifying their Head of Assurance.
- Provide accurate, timely and insightful reporting on 2LA standards and operational performance as identified through oversight and assurance activities.
Regulatory and 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.
Other Responsibilities
- Embed Here for good and Group’s brand and values in CFCC Assurance.
Our Ideal Candidate
- Bachelors degree or equivalent required.
- Previous audit or assurance experience with minimum of 6 - 8 years (compliance or audit reviews, operational risk reviews or testing, risk management).
- Experience performing walkthroughs, risk assessments of the internal controls environment, performing controls and substantive testing.
- Excellent oral and written communication skills – ability to present complex information clearly and concisely.
- Strong analytical skills, and confidence in interrogating data, processes and interviewing stakeholders.
- Good knowledge of regional regulatory requirements, including recent regulatory reform.
- Comprehensive knowledge of banking and investment product across client segments.
- Takes responsibility, ownership and accountability for
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