Requirements

Responsibilities

Job Title: Senior Compliance Manager, Consumer Banking

Department: Compliance and Assurance

Reports to: Head of Consumer Banking Legal and Compliance,

Location: Shanghai

Scope of Role:

• To promote the culture and practice of compliance with the letter and spirit of regulatory requirements and ethical standards in the conduct of business, and to ensure Consumer Banking practice in compliance with those local and central requirements and standards. Continuously improve the way Compliance works.

• To assist Head of CB Legal and Compliance to ensure that Consumer Bank operates in accordance with (a) all regulatory requirements and (b) all SCB China standards of conduct, so as to protect and enhance the reputation of Consumer Bank with its regulators and avoid significant financial loss.

• Strengthen the right partner relationship with regulators and communities and reinforce the brand.

Key Responsibilities/Challenges:

1. Assist Head of Consumer Bank Legal and Compliance to provide support to business heads of consumer banking to ensure that they establish and monitor appropriate arrangements for meeting regulatory obligations and high standards of conduct in their businesses, in accordance with SCB China compliance standards.

2. Assist to promote in China the implementation of policies on compliance issues related to CB which is material to SCB China.

3. Assist to promote compliance with SCB China Code of Conduct to CB in China.

4. To provide compliance training to CB in China in a focused and consistent manner and in accordance with SCB China standards.

5. Assist Head of Consumer Bank Legal and Compliance to enhance SCB China’s relationships with its regulators as they affect its business in China, so as to maximize the benefit to SCB China flowing from those relationships.

6. To provide a pro-active and consultative advisory service to staff in China on CB compliance related issues.

7. Assist in managing regulatory problems arising from alleged or actual breaches of regulatory requirements or ethical standards, where there is a material risk to the reputation of SCB China.

8. To ensure local compliance policy manuals and schedules of all banking and financial services regulations are established and reviewed in China.

9. To ensure that CB products and services offered in China comply with local regulation through the Product Programme process.

10. Assist to ensure that risk-based compliance monitoring is conducted at appropriate frequencies in China in accordance with SCB China Standards.

11. To ensure prompt communication to CB China of any new introduction of &/or changes to the local regulations.

12. To review the filing with CBRC &/or any other regulatory bodies to ensure such can meet with the regulatory and compliance requirements prior to formal submission.

13. Act as deputy / delegate of the Head of Consumer Banking Legal and Compliance in his / her absence and as assigned

14. Supervise, train and coach junior compliance officers as assigned by Head of Consumer Banking Legal and Compliance

15. Work with country compliance and WB compliance to ensure that compliance matters are dealt with consistently across the bank

Selection Criteria:

1. Qualified legal/compliance professional with at least 5 years working experience in legal/compliance matters

2. Solid knowledge of Chinese banking and finance laws and regulations

3. Analytical and monitoring skills

4. Sound judgment

5. Excellent communication and language skills

6. An inquisitive approach to practices, procedures and specific transactions

7. Independence and robustness

8. Personal authority, integrity and ethics

9. Team player

10. Attention to details

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