About Standard Chartered We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities & Our Ideal Candidate
Awareness and understanding of the strategy of the Group and its subsidiaries and model appropriate to the role.
Awareness and understanding of the wider business, economic and market environment in which the Group and its subsidiaries operates.
Review and provide advice on proposed variable compensation plans and fixed pay components to ensure regulatory compliance
Undertake a regular governance review to ensure all components of remuneration remain compliant with regulatory requirements and expectations
Review best practice to rewarding good conduct, behaviour and the reflection of the Group's values
Develop management information to enable sign off that the Group's remuneration practices are aligned with the regulations or develop proposals on the changes that need to be made to ensure alignment
Maintain a governance framework for incentives and other aspects of remuneration that is efficient, effective and agile. Develop and maintain documentation to ensure a standardised and appropriate approach globally
Develop and maintain Group-wide conformance testing / monitoring / reporting to provide assurance that Group-wide policies and processes are being followed
Support the preparation for the Remuneration Committee, the Group Reward Plan Committee and the Remuneration Adjustment Committee meetings
Provide papers and contribute to the relevant committee's role in the proper governance of remuneration, particularly relating to the impact of risk, control and conduct matters on remuneration
Interpret the implications for the Group of new or revised regulation by drafting responses to consultations and reviewing alignment of internal practices through detailed gap analyses
Manage the maintenance of the reward aspects of the Prudential Compliance Framework
Support the design and maintenance of policies, standards, guidelines, detailed operating instructions and communication templates and the associated governance related to the ex-post risk adjustment of remuneration
Provide support across HR to ensure alignment and consistency in approach
Support the process of assessing that the Group's reward related risk, control and conduct policies and processes are compliant with regulatory requirements
Production of remuneration related submissions including the preparation and review of regulatory reporting data tables
Regulatory & Business Conduct
Display exemplary conduct and live by the Group's Valued Behaviours and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Global Head, Performance, Reward and Employee Relations.
Compliance, Legal, Corporate Secretariat and Risk.
Members of Subsidiary Remuneration Committees.
Assist the Global Head, Performance, Reward and Employee Relations, and the Head, Executive Compensation & Reward Governance with all aspects of reward as required.
Monitor market intelligence on competitor activity and industry best practice.