Job Summary
This pivotal role supports the US Head, Banking Law Advisory, in delivering second-line-of-defense regulatory risk oversight and advisory services related to U.S. banking laws and regulations. The role requires significant expertise in interpreting and applying regulations such as those issued by the Federal Reserve (FRB), NYDFS, and state-specific banking and privacy laws. You will also act as a regulatory subject matter expert (SME) and key advisor to stakeholders across the Bank.
Key Responsibilities
- Responsible for supporting the US Head, Banking Law Advisory in providing Second Line of Defence advisory duties for US bank regulatory requirements for which CFCR is the Risk Owner (exclusive of FCC related regulatory requirements), which includes the following:FRB regulations;NYDFS regulations;State privacy regulations;State banking laws applicable to SCNY and the SF branch and US representative offices (CA, TX, FL, NJ)
-In such capacity, support the 1st Line of Defence, CFCR Coverage Officers, Regulatory Affairs and Governance on the interpretation and applicability to SCNY of bank regulatory requirements and assist and/or lead on the development of appropriate solutions consistent with associated risk.
-Act as the risk owner under the Group Equity Holding Standard advising offshore equity investing businesses on BHCA requirements and in such capacity oversee the compliance framework (tools and methodology), liaising with US Regulatory Reporting as necessary. Act as the risk owner for the local Regulation W Policy and in such capacity oversee the compliance framework and advise 1st line process owner on related requirements.
-Act as US SME on:Cross-border initiatives - CER's and offshore banking for US persons;Outsourcing/TPRM matters;
-Responsible for providing details of developments giving rise to a material risk that serious regulatory breaches or breaches of risk tolerances (as agreed by the Group from time to time) may occur and notifying any such breaches to (as appropriate):US Head, CFCR;Head of Banking Law Advisory;US CEO; the Americas Risk Committee and/or the US Risk Committee; and/or in conjunction with Regulatory Affairs, the local regulators.
-Act as Process Owner for the BHCA compliance tool (Confluence or Advisor Connect)
Qualifications
* JD or MBA preferred.
* 5-10 years Bank Regulatory risk management experience
* Substantial experience in the banking industry.
* Hands on experience with federal (FRB and/or OCC) and NYS banking law/regulations with an emphasis on prudential regulations to include:
o Regulations W, Y, K, U, D, H and YY
o OCC lending limits
o FRB SR Letters, including TPRM
o State privacy rules (CCPA)
o Data Sovereignty rules (DOJ US Persons Data Bulk Thresholds rule)
o DFS and FRB licensing rules
o FR Y-10 filing requirements
o Knowledge of CA, Fl, TX, NJ banking rules a plus
* Sharp business acumen (including the ability to assess risk and appropriate levels of return), strong leadership qualities, excellent interpersonal skills and multi-cultural awareness.
* Ability and experience in managing geographically dispersed and highly varied customer and product base.
* Ability to collaborate and work dynamically across country, region, business and group stakeholders.
* Strong understanding of best practice risk management techniques and frameworks.
* Strong understanding of the key features of all the relevant banking laws and regulations relevant to the Group.
* Sound judgement on business practices, regulatory relationships management and reputational risk.
* Exemplary integrity, ethics, independence and resilience.
* Personal authority with proven ability to establish relationships and provide strong direction at the most senior levels on the Group and with regulators and other external stakeholders.
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
- Do the right thingand are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
- Never settle,continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
- Are better together,we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
Expected annual base pay range for the role is 150,000 USD to 210,000 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations
Visit our careers website www.sc.com/careers
What we offer
In line with our Fair Pay Charter,we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
- Core bank funding for retirement savings, medical and life insurance,with flexible and voluntary benefits available in some locations.
- Time-offincluding annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
- Flexible workingoptions based around home and office locations, with flexible working patterns.
- Proactive wellbeing supportthrough Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills,global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
- A continuous learning cultureto support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
- Being part of an inclusive and values driven organisation,one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.