Standard Chartered Bank Zambia Plc
Standard Chartered Bank Zambia Plc
Posted Job
over 3 years ago

Principal, Retail Banking and Wealth Management Compliance - (1800003930)

This listings application deadline has expired so it is probably out of date

View all jobs →

Standard Chartered Bank Job Listing in is recruiting the following position:

Job Purpose:

• Provide guidance on the proper application and interpretation of laws and regulations applicable to the Retail and Wealth Management businesses.

• Ensure proactive and timely monitoring, identification, dissemination and advice of regulatory developments, changes and practices and associated risks.

• Ensure adequacy of controls to mitigate and compliance risks and roll out compliance policies and procedures in-country.

• Support preparation of regulator’s inspection of Retail business by attending of information requests, pre-inspection questionnaires and inquiries during the regulator’s inspection.

• Implement the Retail Compliance Monitoring Programme and ensure timely conduct of compliance reviews.

• Ensure active involvement in management of critical issues that have a significant regulatory impact on Retail ’s business operations within the country.

• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure Head of Compliance the relevant Retail & Wealth business and senior management are informed and that actions are taken quickly to remediate and/or activities are ceased.

Regulatory relationships, regulatory change and regulatory breaches:

• Support the Head of Compliance in proactively engaging the regulator and ensuring that an effective country regulatory relationship plan is in place and kept updated.

• Execute and implement functional best practices around regulatory inspections.

• Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices and associated risks.

• Ensure proactive engagement in regulatory reform initiatives, including ensuring identification and escalation of regulatory reform proposals, participation in local internal regulatory relationship and reform forums and memberships of local external industry forums. Ensure alignment in regulatory reform agendas relating to the Business and function.

• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure local senior management and functional management, as well as relevant regulators are informed and that actions are taken quickly to remediate and/or activities are ceased.

Compliance Monitoring:

• Composes and coordinates the implementation of a risk-based Compliance Monitoring Plan including the necessary risk assessment, business engagement and co-ordination within other functional/business compliance reviews.

• Assists with ensuring all Control Room procedural requirements are met, including PDRs and disclosure requirements.

Compliance Reporting

• Prepares regular and accurate reports that demonstrate understanding, provide clear analysis and are escalated to the relevant risk managers and governance bodies.

Compliance Training

• Delivers or procures delivery of a program of activities that educates and encourages managers and staff to operate in compliance with relevant laws, regulations and policies. Such training would include key group compliance and regulatory issues.

• Assists in the development of an effective country-wide compliance culture by promoting the benefits of ethical business conduct and the benefits of compliance.

Compliance Partnering

• Support the business in the management of any required licensing and approvals and the Head of Compliance in the management and coordination of all regulatory correspondence.

• Anticipates, assesses and communicates key regulatory risk trends in-country, for management consideration, and drives the development and implementation of appropriate mitigation control measures.

• Uses general knowledge of business products undertaken in the jurisdiction to work with business compliance specialists to respond to regulatory questions, and to keep the local regulator updated on developments in the businesses.

• Assists the Country Head of Compliance and Senior Management in ensuring that the Bank and its subsidiaries operate in accordance with the relevant local requirements and Group regulatory compliance standards, so as to protect and enhance the reputation of the Bank.

• Provides support to business in complying with the new and changing regulations, as well as group policies and standards, including the management of any issues relative to conduct.

• Proactively drives the development and maintenance of good relationships with internal and external stakeholders at appropriate levels ensuring an open and cooperative environment.

• Support the business and functions in ensuring the effective management of compliance with regulatory requirements including but not limited to those related to privacy and outsourcing.

• Co-ordinate the implementation of the Obligations Register and ensuring same is updated on an ongoing basis in order to ensure it reflects all current regulatory obligations and the controls implemented in relation to same.

Business Support

• Responsible for the management of Compliance risk in-country for Retail banking and Wealth Management.

• Key point of reference, advice and support for Compliance issues raised by Retail & Wealth businesses, Country Compliance, Retail & Wealth Central Compliance Teams and other stakeholders. Provide compliance advice, briefings, recommendations and reports on material compliance risks and issues to all stakeholders.

• Contribute to the effective management of Compliance risks in-country through active participation of relevant risk forums.

• Use technical knowledge of all business products offered in-country to provide sound, technical product, compliance and transactional advice to the Retail & Wealth businesses.

• Ensure Compliance risks are identified and appropriately mitigated in product approval processes. Review and approval of the Country Addenda of Product Approval Documents for local and cross-border regulatory risks for retail and Wealth Management.

• Anticipate the impact of regulatory developments on the Retail & Wealth businesses and communicate their impact to the Retail or Wealth businesses accordingly.

• Promote active cooperation with the Retail/Wealth businesses and within the function and encourage a collegiate.

Compliance

• Provide guidance on the proper application and interpretation of laws and regulations applicable to the Retail & Wealth businesses.

• Ensure proactive and timely monitoring, identification, dissemination and advice of regulatory developments, changes and practices and associated risks.

• Ensure adequacy of controls to mitigate compliance risks and roll out compliance policies and procedures in-country.

• Support preparation of regulator’s inspection of Retail & Wealth business by attending to information requests, pre-inspection questionnaires and enquiries during the regulator’s inspection.

• Implement the Compliance Monitoring Programme and ensure timely conduct of compliance reviews.

• Ensure active involvement in management of critical issues that have a significant regulatory impact on Wealth & Retail’s business operations within the country.

• Work with country Compliance and Retail & Wealth business heads to ensure the coverage of all compliance work which is aligned to the Retail & wealth businesses e.g Customer Complaints, HR Compliance issue etc.

• In the event of serious regulatory breaches, or where risk tolerances have been breached, ensure Head of Compliance are advised and in turn the relevant Retail & Wealth business and senior management are informed and that all actions are taken quickly to remediate and/or activities are ceased.

Core Competencies:

• Product Knowledge - Knowledge of business areas and their products and the relevant regulatory requirements that apply.

• Governance and Compliance Structure - Knowledge of the system of internal controls that enables effective management of the affairs of the Group locally. Detailed knowledge of local risk reporting and governance/ management structures, and the regulatory obligations of country management.

• Interpretation & Regulatory/ Policy Advisory Guidance – The ability to identify and assess relevant laws and regulations to provide solutions to business needs. Detailed knowledge of local laws and regulations including: an ability to anticipate future regulatory requirements based on thorough research; a thorough knowledge of Group policies and how they apply to the local market environment; an ability to offer considered practical and cost effective solutions to ensure regulatory compliance.

• Governmental and Regulatory Relationships – The ability to manage the relationship with relevant government and regulatory stakeholders, to understand their concerns and influence them to effectively manage our external operating environment. A good operational knowledge of the processes and procedures involved in the maintenance and enhancement of the Regulatory Relationship Plan. The strategic ability to influence local regulators through effective communications of our business intent.

• Products and Services Delivery - Knowledge of local regulations, Group and business policies and procedures as they apply to local business products. Knowledge of local and regional/global (where appropriate) regulatory developments and understanding of how these affect local delivery of products and services. High-level of understanding of the products and services of the Bank.

• AML/FCC Advisory - Achieve compliance with local AML regulations and Group AML policies and standards. Timely identification and mitigation of significant risks and supporting FCC.

• Business management – Ability to make balanced commercial judgments and provide pragmatic solutions. Ability to drive efficiencies and innovation in achieving objectives. Good relationship and customer management skills.

• Other specific measurement criteria set out in the annual Job Objectives.

Knowledge, Skills And Experience:

• Ability to identify and dimension key regulatory compliance risks and mitigants

• Excellent compliance judgement to enable the provision of sound advice in difficult areas of law, regulation and practice and the proactive management of compliance risk.

• Sound judgement of business practices and reputational risk.

• Personal authority, integrity and a proven ability to establish relationships with senior stakeholders, build a strong leadership and management qualities, excellent interpersonal skills and a multi-cultural awareness and sensitivity.

• Excellent verbal and written communication skills

• Independence, robustness and resilience

• Proven track record of experience in-house or in private practice.

• Self starter and able to work with minimal supervision

How to apply

Qualified candidates should email a cover letter and detailed CV to the email below:

Standard Chartered Bank Zambia Plc image
Standard Chartered Bank Zambia Plc
Lusaka
Business banking
Corporate finance
Investment
Loans
BancAssurance
Personal banking
Currently, Standard Chartered Bank Zambia has a total of 25 outlets across the country and 47 automated teller machines (ATMs), with four being electronic banking centres. The bank has a presence in six of Zambia's ten provinces with branches in the Copperbelt, Lusaka, Northern, North Western, Southern and Western provinces. Standard Chartered Bank Zambia offers a wide array of services that encompass personal and business banking, corporate finance, investment, loans and personal life insurance.
You may be interested in...
Jewel of Africa
Jewel of Africa
Jewellery and watches
Yellow & White Gold  Quartz & Spessartite  Flower Ring image
$941
Buy on Shopbwana
This carved rock crystal quartz flower is set in 18k white and yellow gold and features a 1.39-carat spessartite garnet centre stone.
Jewel of Africa
Jewel of Africa
Jewellery and watches
Silver Cubic Zirconia  Swirl Bridal Set image
$199
Buy on Shopbwana
Cubic Zirconia is a white, synthetic stone. Sparkly and hard, it can be an affordable, yet lovely, alternative to Diamonds for engagement/wedding ring.
Jewel of Africa
Jewel of Africa
Jewellery and watches
Silver   Cubic Zirconia  Bridal Set image
$47
Buy on Shopbwana
Cubic Zirconia is a white, synthetic stone. Sparkly and hard, it can be an affordable, yet lovely, alternative to Diamonds for engagement/wedding rings.
Jewel of Africa
Jewel of Africa
Jewellery and watches
Silver  Cubic Zirconia  Bridal Pinched Shoulder Ring image
$104
Buy on Shopbwana
Cubic Zirconia is a white, synthetic stone. Sparkly and hard, it can be an affordable, yet lovely, alternative to Diamonds for engagement/wedding ring.
Jewel of Africa
Jewel of Africa
Jewellery and watches
Silver   Cubic Zironia Bridal Heart Solitaire  image
$42
Buy on Shopbwana
Cubic Zirconia is a white, synthetic stone. Sparkly and hard, it can be an affordable, yet lovely, alternative to Diamonds for engagement/wedding ring.
Ogaz Zambia Ltd image
Ogaz Zambia Ltd
Industrial chemicals and gases
Kitchenware and home accessories
Petroleum oil marketing
Lusaka
Ogaz Zambia is a wholly owned Zambian company that manufactures, distributes and efficiently supplies a range of industrial gases and related services – mainly liquefied petroleum gas (LPG) but also carbon dioxide, oxygen, nitrogen and acetylene. The company supplies gases for commercial and domestic use. LPG is accessible to anyone without major infrastructure investment and is used in homes for lighting and cooking.
Umoyo Natural Health image
Umoyo Natural Health
Distribution and Merchandising
Toiletries and personal care
+3
Lusaka
+10 locations
Umoyo Natural Health was established in 2007 and has grown into a well-known and highly regarded supplier of natural health products in Zambia. The company sources high quality health products from all over the world, offering them for sale at their many Health Shops around Zambia. Staff undergo regular product training sessions enabling them to respond to clients' questions and recommend suitable products. Umoyo is passionate about health and looks forward to serving you!
Great Wall Casino image
Great Wall Casino
Premier lounges
Pubs and Bars
Casino
Lusaka
Focused on world class gaming facilities, with a wide variety of choices from beginner to established players, Great Wall Casino offers casino entertainment at its best. You'll be treated as a VIP guest and enjoy the true ambiance of an established gentlemen's club. This casino welcomes a diverse mix of clients – from seasoned gamer to complete novice. Relax and chill out here, where flavours of the orient combine with old world opulence. Great Wall Casino does not require you to join as a member – guests can walk right in and start playing. With a well-established client base, this casino also attracts a steady stream of new clients.
Black Dot Media image
Black Dot Media
Marketing and PR
Design services
Multimedia and Advertising
Lusaka
With more than 25 years of experience in the advertising industry, Black Dot Media is an award winning creative advertising agency in Zambia that is constantly evolving. The company offers professional marketing, production and creative services, and digital advertising, as well as website and mobile app development services to clients in both the private and public sectors. It is committed to creating unforgettable and impactful work that remains etched on the minds of audiences for years to come. So, whether you are looking to raise brand awareness, launch a new product, or drive online traffic to your website, get in touch with Black Dot Media today. Their innovative team will recommend the most effective channels and tactics that are relevant to your business.
Master Glass image
Master Glass
Building materials
Aluminium windows and doors
Lusaka
Lusaka
Master Glass specialises in the supply and distribution of high-quality melamine boards, offering quality wood-based panels, such as particleboard, chipboard, plywood and MDF cut to size with exceptional accuracy. It also offers glass and mirrors suitable for both individual homes and larger buildings, supplied in sheets or cut to size. The company provides design and repair services as well as installation. It has a qualified team that is able to help clients find the right products for their needs and budget.