Compliance & Ops Risk Lead, Libeara Venture, SCV

Standard Chartered Bank
Singapore, Singapore
23 Feb 2023
24 Mar 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The Role Responsibilities
Regulatory Relationship Management
  • Serve as the Venture's primary point of contact for all regulatory compliance matters.
  • Support the Venture's regulatory communication plan to maintain an excellent relationship with the regulators through close and regular dialogues to provide updates and drive resolution of issues.
  • Regulatory and Product Risk Management
  • Establish and implement robust Conduct, Financial Crime and Compliance (CFCC) risk governance and oversight processes to ensure that the Venture meets its CMSL and regulatory obligations.
  • Design and implement policies, standards, and internal controls to ensure CMSL and regulatory requirements are satisfied and followed.
  • Implement and maintain a robust customer due diligence/know your customer programme for the onboarding of new customers and regular review of existing customers to comply with Anti-Money Laundering /Combating the financing of terrorism and Sanctions requirements.
  • Support internal and external reviews/audits from regulators, audit partners and the Bank.
  • Provide key stakeholders with the advice necessary to ensure that the Venture operates in accordance with relevant local regulatory requirements and the code of conduct to protect and enhance the reputation of the Venture and ultimately the Bank
  • Ensures entity and product level compliance with laws, regulations and Venture policies through a detailed understanding of local regulatory requirements.
  • Develop a compliance plan through an effective process of risk identification, assessment, mitigation to achieve entity compliance, include close engagement with SCV CFCC to put in place processes for monitoring of ongoing compliance.
  • Drive regulatory applications/notifications with close collaboration of stakeholders and address regulators' queries and requests in a satisfactorily and timely manner
Operational Risk Management
  • Establish and implement robust Operational Risk Framework and establish necessary controls, governance and oversight processes to ensure that the Venture meets its operational risk requirements and regulatory obligations.
  • Implement the Venture's risk assessment framework to assess the Venture's inherent CFCC risks and control measures
  • Provide key stakeholders with the advice necessary to ensure that the Venture operates in accordance with relevant operational risk requirements and include close engagements with SCV Operational Risk to put in place a robust risk framework
  • To report to the CEO and / or the board members on any material risk failures.
Stakeholder Management
  • Proactively engage with key stakeholders to ensure that the Venture's compliance agenda and priorities are aligned and that compliance risks are duly considered and addressed in the implementation of the Venture.
  • Provide training on the relevant law and regulations to team members of the Venture and SCV
Key Stakeholders
  • SCV Operational Risk
  • Libeara CEO / COO
Our Ideal Candidate
  • 7 plus years' experience across regulatory and compliance
  • Experience in dealing with regulatory and compliance requirements for a CMSL (regulated by the MAS) will be seen as advantageous
  • Experience in developing compliance programmes
  • Knowledge with the Bank's operational Risk framework preferred
  • A plus to have experience on advising on regional regulations (Southeast Asia)
  • A legal background, and any accompanying experience, will be looked at positively
  • Curiosity, pragmatism and independence
Role Specific Technical Competencies
  • Sound knowledge of local laws and regulations. Knowledge of those pertaining to a CMSL (regulated by the MAS) will be seen as advantageous
  • 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
  • Strong interpersonal and communication skills
  • Ability to manage the relationship with relevant government and regulatory stakeholders, to understand their concerns and communicate effectively to deliver optimal outcome
  • Providing guidance, advice, and/or training, to improve the Venture's understanding of relevant laws and regulatory requirements
  • Knowledge of business areas and products and the relevant regulatory requirements that apply
  • Ability to collaborate and work dynamically
  • Ability to effectively prioritise multiple tasks in a high-pressure environment
  • Exemplary integrity, ethics, independence, and resilience
  • Strong project management and organisational skills
  • Advanced analytical skills
  • Ability to handle sensitive matters at all levels of the organisation with discretion and confidentiality
About SC Ventures
SC Ventures ("SCV") was established in 2018 with the purpose of "Rewiring the DNA in Banking" by bringing three distinct areas together:
  • The eXellerator Lab, enabling innovation at large in Standard Chartered (the "Bank") by supporting intrapreneurs and their ideas, collaborating with fintech's through the SCV Fintech Bridge and engaging with clients and co-creation ideas.
  • The Investment Fund ("Fund"), tasked to acquire minority stakes in fintech companies ("fintechs") whose technology has been successfully validated in the Group.
  • Venture building, with the objective of exploring new business models ("ventures"), in the way it engages existing new customers and markets
There are c.65 team members (excluding individual ventures), including dedicated colleagues from the Bank's support functions, based in Singapore, Hong Kong, Shanghai, Nairobi, London and San Francisco.
About Libeara
Libeara, an entity under Standard Chartered Ventures, provides a digital platform for governments to issue bonds (denominated in the country's local currency in Central Bank Digital Currency ("CBDC") or fiat form) directly to retail investors. The solution supports tokenisation of bonds in smaller ticket sizes, the barrier to financial participation, and enabling often-excluded individuals to earn interest, in fiat or CBDCs, incentivising CBDC adoption in a CBDC-denominated model. The final solution will include end-to-end servicing including client onboarding (KYC), wallet creation, user access management, account funding and withdrawal, offering management and asset servicing, digital registry, and a bond exchange.

The Venture will be regulated by the Monetary Authority of Singapore ("MAS") and will hold a Capital Markets Service License ("CMSL") in the future.
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