This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Job Summary

• To be the source of reference within the Business Unit in facilitating and promoting the understanding of OR and compliance requirements.
• Continuously evaluate and identify operational risk implications of business strategies and programmes, and provide guidance on any operational risk remediation with support from respective risk owners
• Assist Head - BRM Wealth Solutions Products & Business, in supporting Wealth Solutions Business & COO initiatives and in driving adoption of initiatives at the country level
• Responsible for adherence to specified BAU operational risk deadlines
• Lead and support implementation of OR initiatives for the Business Unit.
• Accountable for ensuring Risk Acceptance requests are completed by process owners for material risks and control failures identified. Accountable for the provision of these templates to second line operational risk team for review and approval prior to submission to relevant governance forums / committees
• Responsible for the implementation of the Control Sample Testing (CST) process, sampling and testing the population of controls to ensure compliance with agreed control standards, including facilitating the monitoring / collection of any Key Control Indicators (KCIs) & RCSA assessments.
• Responsible for ensuring quality of information recorded in the risk tracking system, as well as ensuring accuracy, completeness of data, driving the timely resolution of outstanding actions




• Responsible for supporting the business in minimizing operational risks and losses, and ensuring material operational losses are investigated to prevent recurrence

• Ensure risk ownership by Country Process Owners over centrally / GBS performed validation checks is retained at the country level - specifically ownership of residual risk evaluations and associated remediation activities
• Identify non-standard processes within the business, and ensure appropriate control mechanisms are implemented and monitored for effectiveness
• Proactively communicate with the relevant stakeholders on operational risk issues. Escalate significant events to relevant stakeholders
• Coordinate and consolidate operational risk and loss reporting of the unit for the reporting to the CNFRC, OTCR and relevant stakeholders including Business Unit Head & Risk Owners. Ensure data accuracy and completeness.
• Design and implement control measures and monitoring plans for compliance and operational risk management. Ensure effectiveness of controls for compliance monitoring and risk management.
• Undertake and/or coordinate periodic business monitoring (self-assessment) activities within the Business Unit and escalate findings and or breaches to Business Unit Head, CFCR, OTCR and other relevant stake holders when they occur.
• Could act as the Unit Money Laundering Prevention Officer (UMLPO)



or cooperate with the BMLPO to ensure appropriate internal controls and procedures for money laundering prevention are in place and functioning as intended. Where appropriate, assist in the investigation of financial crime risks.
• Identify gaps and arrange training on compliance and OR for staff.
• Carry out gap analysis between Group circulars, Regulatory circulars and country process notes

Key Responsibilities

Effectively drive compliance in Sourcing channels and products team

Strategy
• The incumbent should be able to understand and align to the bank's strategy and should be able to ensure that controls put in place do not become bottleneck in achieving the goals.
Business
• The incumbent would need to understand how the Wealth Solutions operates and accordingly perform the duties under this role
Processes
• The incumbent may be required to review the Wealth Solutions processes, the controls and their results for which the appointment is being done.
People & Talent
• The incumbent should be able to manage, handhold, develop talent of his teammates. Identify training and development needs, provide congenial atmosphere for team to work efficiently
Risk Management
• Responsible for providing guidance to the business on working towards an advanced MCA, driving improvements in year-on-year average MCA ratings
• With the guidance and support from Risk Owner and Process Owner, continuously identify and evaluate operational risks arising for recent products and new business, regulatory and thematic risks, and drive the implementation of appropriate controls to mitigate these risks in country
• Responsible for mentori

📌 Business Risk Manager (Mumbai)
🏢 Standard Chartered Bank
📍 Mumbai