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Standard Chartered Kenya, whose official name is Standard Chartered Bank Kenya Limited, but is sometimes referred to as Stanchart Kenya, is a commercial bank in Kenya.
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Job Summary
The role holder is effectively the lead country counsel for east africa based in Nairobi and primarily supporting uganda and Tanzania scb markets and has responsibility for managing all legal risks, providing legal advisory, management and transactional support for the country support functions, to group technology, CABM, finance, SCM and other support functions. the role holder will also support the business functions (retail and corporate).
Responsibilities
Business
- Drives the development and maintenance of good relationships with internal and external business stakeholders at appropriate levels ensuring an open and cooperative environment.
- Executes and provides advisory for transactions and cases in a timely and effective manner.
- Effectively manages the process of engaging external counsel, including providing effective instructions to external counsel and negotiating appropriate fee structures.
- Uses technical knowledge of all business products undertaken in kenya to provide sound, technical product, legal and transactional advice to the business.
Risk Management
- Leads in the proactive and strategic identification of material legal risks in the business.
- Influences stakeholders and staff to improve the management of legal risk.
- Contributes to the legal team's risk governance process.
- Works with country head of legal to manage the process of engaging external counsel.
- Promote alternative dispute resolution as a means of quick settlement of disputes.
- Establish and maintain relationships with external lawyers agreeing fee structures, billing procedures and levels of service.
- To provide, where appropriate, periodic reports to management on claims, disputes and relevant legal developments
- Drafting, negotiating, amending and reviewing agreements and other documents to ensure that the bank's interest is protected.
Governance
- Attend to legal correspondence, pleadings or orders promptly and proactively ensure all the required documentation is in place.
- Proactively discuss all new litigation with business and agree appropriate action.
- Review progress of outstanding disputes and liaise with and manage external lawyers to ensure effective representation of the company in legal proceedings.
Regulatory & Business Conduct
- Display exemplary conduct and live by the .
- Take personal responsibility for embedding the highest standards of ethics.
- Lead to achieve the outcomes set out in the Bank's Conduct Principles
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association
Key stakeholders
INTERNAL
- Head of legal Kenya and east africa
- Head of legal uganda
- Head of legal Tanzania
- Exco
- Compliance
- Finance
- Corporate affairs, brand and marketing
- Supply chain marketing (SCM)
- Property
- Group legal
- Retail business
- Corporate business
- SIS
EXTERNAL
- External lawyers/counsel
- Regulators
- State actors in the east African countries
Other Responsibilities
- Embed Here for good and Group's brand and values in the Legal Team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
LEGAL
- Application of analytical skills and the application of legal skills are essential
Qualifications
- Advocate of the high court of Kenya, Tanzania or uganda
- Ability to combine strategic perspective with quick execution
- Ability to deliver high quality of work consistently
- Demonstrated track record of creativity, problem solving and follow through.
- Effective stakeholder management skills
- Excellent communication skills
Closing: 11 August 2022
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Job Summary
To provide support to the Head of Legal, Kenya & East Africa in business planning, tracking litigation & closure of critical functional issues including Risk Management.
Responsibilities
Business
- Support the Head of Legal in business planning, coordination and administrative support.
- Organise key business meetings and conferences and follow up actions.
- Track performance and ensure closure of critical functional issues.
- Support the Head of Legal on collation of reporting obligations to the regional office.
- Provide administrative support to the larger East Africa Legal Cluster as appropriate.
- Supporting the function on tracking litigation and coordination of meetings.
- Ensure follow-through of action points arising from key meetings that are to be addressed by the Head of Legal.
- Manage any projects and other initiatives driven by the Head of Legal office.
- Ensure follow-through of action points arising from key meetings that are to be addressed by the Company Secretariat.
- Assist the Legal department in operations, resource management, budgeting where applicable, ensuring audit preparedness and completion of risk management systems entries such as EORP/M7.
- Oversee Record Management to Manage Records, storage facilities and ensure Records Management Storage Databases and the Critical Records Schedule is up-to-date.
- Assist to provide a legal budget in line with country timelines;
- Serve as lead liaison with regulators and other internal/external auditors with respect to deliverables from the legal department;
- Assist to file and manage expenses against budget and in line with SCB's Expense Management policy requirements;
- Monitor and report deviations/variances in the unit's budget;
- Co-ordinate onboarding processes for law firms and relevant vendors of the department as required from time to time;
- Prepare and submit monthly accruals in line with timelines; Process bills and expenses promptly;
- Maintain accurate record of same; Provide business support to aid existing and pipeline business initiatives;
- Maintain register of external legal opinions; Provide valuable inputs to promote business and operational efficiency; and
- Assist to compile the list of external counsel for approval, as part of the annual review process of approved external counsel.
- Responsible for assisting lawyers and legal professionals in executing legal transactions
- Prepares basic documents or contracts for review and evaluation by others
- Handles routine litigation matters with limited settlement authority
- Engages in communication with business clients
- Performs legislative/regulatory tracking
- Performs routine legal research and compiles data from such references as digests, encyclopedias, practice manuals or other sources, including on-line resources
- Performs administrative tasks such as scheduling, calendar management and organizing data and meetings
- Appropriately assess risk when business decisions are made
Governance
- Ability to build and maintain key relationships with Senior managers & leaders of the Bank
- Follow up & closure of critical functional issues
- Timely planning & delivery of projects/key initiatives
- Strong interpersonal skills, capable of developing relationships with individuals across the Bank at all levels and comfortable in managing through influence
- An ability to get things done and influence people at a distance.
- Strong communication and presentation skills, both written and oral.
- Ability to 'synthesise' information from different sources and produce concise summaries of the key message into high quality papers for Senior Boards and committees.
- Strong awareness and analytical skills.
- Ability to distil information to identify key trends and issues and to propose solutions or actions to take advantage of opportunities.
- Must be able to operate under own initiative and also maintain strict confidentiality at all times.
- Proven arranging, management and delivery skills.
- Sound judgement, sensitivity, persuasion and interpersonal skills
- Experience of cross functional businesses and projects
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group's Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank.
- Lead to achieve the outcomes set out in the Bank's Conduct Principles
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association
Key stakeholder
- Head of Legal, Kenya and East Africa
- Members of Country Management Committee (EXCO)
- Heads of Business
- Heads of Functions
Other Responsibilities
- Embed Here for good and Group's brand and values in the Legal Team; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
Qualifications
- University degree/ Paralegal Certificate
- 5 years relevant experience
- Paralegal Certificate from an accredited institution
- Technical skills (e.g., e-mail systems, Word, Excel, Access, Internet: Lexis/Westlaw)
- Excellent organizational skills
- Ability to review and organize numerous related documents
Closing: 11 August 2022
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Job Summary
- Support and implement the vision, strategy, direction for the legal teams supporting CPBB business in Kenya & East Africa.
- Assist the Cluster Head of Legal & the Regional Head of CPBB Legal AME in directing and overseeing the management of Legal issues and risks within the CPBB Business.
- Assist the Region Head of CPBB in ensuring the CPBB Business is well advised on legal matters.
- Ensure proper functioning of day-to-day regulatory/legal controls, periodic monitoring activities, and timely resolution of legal risk issues.
- Create awareness on local regulations among members of CPBB Business through training and sensitization.
- Ensure adherence to Group Legal Policies is achieved within CPBB Business
Role - BAU
- Provide guidance on the proper application and interpretation of laws and regulations applicable to the CPBB business.
- Ensure proactive and timely monitoring, identification, dissemination and advice of legal and regulatory developments, changes and practices and associated risks.
- Ensure adequacy of controls to mitigate legal risks and roll out legal policies and procedures in country and East Africa Cluster.
- Establish and maintain effective processes including training advice and support.
- Assume active involvement in management of critical issues that have a significant legal impact on SCBs business operations within the country.
- In the event of serious legal breaches, ensure the relevant CPBB Business and senior management are informed and that actions are taken.
- Take responsibility for and the lead management of CPBB Legal risk in country and East Africa Cluster ( as appropriate).
- Use technical knowledge of all CPBB business products offered in-country to provide sound, technical product, legal and transactional advice to the CPBB business.
- Anticipate the impact of legal and regulatory developments on the CPBB business and communicate their impact to the CPBB business.
- Work with the Cluster Head of Legal, regional Head of CPBB Legal and group CPBB Legal teams to ensure coverage of all legal work related to CPBB.
- Ensure CPBB Legal executes transactions and escalates cases in a timely and effective manner
- Work with the Cluster Head of Legal and CPBB business head to ensure the coverage of all legal work which is aligned to CPBB business.
- Ensure that the engagement of external legal counsel is appropriate, effective and coordinated so as to minimize costs
- Develop appropriate forms of documentation for products and transaction in-country and support the global documentation standardization initiatives
- Support legal colleagues within East Africa as appropriate
Responsibilities
Strategy
- Assist the Cluster Head of Legal to set and implement the vision, strategy, direction and leadership for legal teams.
- Support the Cluster Head of Legal to promote the culture and practice of compliance with legal standards within the Bank.
- Assist the Cluster Head of Legal to establish close links with colleagues leading other Client segments and/or Product Groups to achieve common platforms and work plans, implementing a One Bank approach to covering all Clients.
- Input, support and challenge Group/Region/Country/Client Business operating model design of the relevant legal and business processes
Business
- Assist the Cluster Head of Legal to develop a comprehensive understanding of Kenya's CPBB business model and strategy in order to provide substantive oversight support.
- Support to build and maintain an effective and constructive relationship with CPBB businesses and functional stakeholders.
- Provide legal advice, analysis (and challenge when appropriate) in relation to the CPBB business.
- Provide robust challenge to senior management and all relevant business stakeholders where activities are outside risk tolerance/ appetite, escalating as necessary.
- Work closely with the CPBB business and its operational teams to provide timely legal advice.
- Support the resolution of competing requirements between regulations specific to CPBB.
Processes
- Provide support and challenge to Kenya's CPBB senior management to ensure that they establish and monitor appropriate processes for compliance.
People & Talent
- Lead through example and build the appropriate culture and values.
- Support the Cluster Head of Legal to promote and embed a culture of openness, trust and risk awareness.
- Assist the Cluster Head of Legal to stimulate an environment where forward planning, prioritisation, deadline management and streamlined workflows.
Risk Management
- In accordance with the Group's Enterprise Risk Management Framework, act as second line Risk Owner for appropriate and relevant CPBB & WM business processes.
- Collaborate with the other members of the legal team to anticipate horizon risks that may have a significant impact on the CPBB business.
- Ensure proactive and timely identification, assessment, advice and dissemination of evolving regulatory changes/practices.
- Assess legal risks arising from products / segments / customers / transactions.
Governance
- Attend relevant leadership meetings, and provide relevant reports to senior management and governance/risk committees .
- Assist the Cluster Head of Legal to be accountable for identification and escalation of potential legal risks and issues to senior management.
- Ensure appropriate product governance measures are in place so that product approval documents reflect all relevant legal requirements.
- Lead key change programmes and projects for legal across the CPBB business in Kenya
- Maintain workplans specific to legal advisory projects/ initiatives, and communicate the same to stakeholders.
- Review new business requirements and provide legal solutions for the CPBB business.
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group's Values and Code of Conduct.
- Take personal responsibility for embedding the highest standards of ethics.
- Lead the CPBB Legal Team in East Africa to achieve the outcomes set out in the Bank's Conduct Principles.
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key stakeholders
- Cluster Head of Legal, Kenya and East Africa
- Head of CPBB Business, Kenya and East Africa
- Regional Head of CPBB Legal AME
- Group CPBB Banking Legal
Other Responsibilities
- Embed Here for good and Group's brand and values in the CPBB Legal Team in East Africa and Perform other responsibilities assigned.
Qualifications
- First degree in Law
- Legal professional with over six (6) years' experience in various legal roles
- Advocate of the High Court of Kenya
- Strong leadership, decision-making and management abilities.
- A strong team player capable of interacting with senior business/risk management stakeholders.
Closing: 11 August 2022
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The Role Responsibilities
Strategy
- Awareness and understanding of the Group’s and Kenya’s business strategy.
Business
- Awareness and understanding of the wider business and regulatory environment which the business operates.
Processes
Statutory and Regulatory Reporting
- Preparation and submission of financial reports and regulatory returns in accordance with IFRS, statutory and regulatory requirements.
- Draw the Senior Manager, Reporting’s attention to any areas of non-compliance.
- Monitor compliance with regulatory limits and draw Senior Manager, Reporting’s attention for action to avoid breaches.
- Advise Finance Management of emerging trends and themes from regulatory reporting.
- Contribute to the preparation of the statutory accounts.
- Respond expediently to any queries that may arise.
- Actively engage with the delivery of the Aspire programme for Kenya.
- Liaise with the external auditor, internal auditors and market regulators in matters pertaining to audit, reporting and Bank`s inspection.
Finance Operational Risk and Controls
- Compliance with the Financial Control Substantiation and Reconciliation Policy(FCSRP) to ensure integrity of financial and regulatory reporting.
- Lead initiatives targeted at strengthening the control environment.
- Support the Global Business Services teams to comply with FCSRP .
Management Information
- Prepare management reports for senior management.
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group’s Values 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.
- Actively contribute as a member of the Reporting team to achieve the outcomes set out in the Bank’s Conduct Principles: [Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.]
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
Internal :
- Various Business departments.
- Global Business Services
- Finance Operation Risk Group
- Internal Auditors
External contacts:
- External Auditor
- Central Bank of Kenya (CBK)
- Capital Markets Authority(CMA)
- Nairobi Stock Exchange(NSE)
- Central Depository & Securities Exchange (CDSE)
- Retirement Benefits Authority (RBA)
- Unclaimed Financial Assets Authority (UFAA)
- Kenya Deposit Insurance Corporation (KDIC)
Our Ideal Candidate
- University degree.
- Accounting qualification (CPA/ACCA or equivalent).
Closing: 12 August 2022
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JOB SUMMARY
- To ensure that risks are properly assessed; that processes, roles and responsibilities are clearly understood; that all risk / return and control cost / benefit decisions are made transparently on the basis of a complete and proper assessment, and all controls are implemented in accordance with the Group’s standards and in line with the Risk Appetite.
- To ensure Enterprise Risk Management Framework, Operational Risk Framework and all associated policies and procedures are effectively embedded and communicated in country.
- To be the central point of contact for risks within the country arising within the processes, including being responsible for the evaluation of the design and operational effectiveness of all controls. To ensure risks of processing failure are being actively managed and monitored on an end-to-end basis in-country; including providing regular control assessments of required controls and escalation in instances .
RESPONSIBILITIES
Implement ORTF in country
- Run Implementation Oversight Forum in country and track milestones to completion
- Critically assess local deviations from Group Standard Processes and drive the standardization agenda in country
- Ensure all local differences are documented in Country Addenda, approved by the relevant PGC and fully implemented in the ORTF
- Support in country training for ORTF implementation
- Deliver in country training on Operational Risk Platforms
Embed use of ORTF in country
- Embed Top Risks in metrics and ensure those risks are managed in country
- Ensure the completeness of the Operational Risk Profile at country level, including consideration of all risks which have been accepted by Group risk committees
- Table the Risk Information Report and risk management action plans at ERC/CNFRC
- Recommend and oversee implementation of business restrictions, process and/or control improvements where necessary
- Plan and deliver scenario analysis and stress tests where applicable to ERC/CNFRC
- Be the focal point for leading Fit for Growth reviews
Strategy
Inform the development of country business plans, exercising appropriate focus on the implementation of robust operating environments, within risk appetite, to support business aspirations.
Business
Ensure compliance with OR policies
- Ensure immediate escalation to Group of unsatisfactory operational risk events
- Drive comprehensive, high quality root cause analysis of unsatisfactory operational risk events and agree risk management action plans with Local Process Owners
- Ensure new activities, changes to processes and products conform with the Project Governance Policy and the Product Governance Policy
- Monthly oversight of gross and residual risk ratings and risks requiring escalation under the Risk Assessment and Acceptance Policy
- Embed new Operational Risk policies, ensuring first and second line are aware of and understand their responsibilities under them
Processes
Deliver second line assurance
- Assurance over integrity of country level ORTF metrics (KCIs, CSTs, KRIs) for all processes
- Monthly assurance of residual risk assessments using the Group Risk Assessment Matrix
- Ensure controls are operating effectively and defects are resolved or escalated according to the ORTF Hierarchy of Monitoring
- Identify differences in standards set by Country Risk Control Owners and escalate to the CRO-East Africa.
- Monthly assurance performed on identified processes and controls mapped under top risks in the country.
- Maintain end to end oversight of all risks which have been escalated to Group for acceptance and conditions and other feedback given to the country about them
Risk identification and Assessment
- Validate and challenge the first line risk identification and assessment of gross and residual risks arising within the end to end processes.
- Assess the control environment including, but not limited to, control design, control execution, control testing and control history.
- Recommend changes to the control environment or to business practice where necessary to reduce the level of operational risk exposure to within the agreed appetite. Ensure such changes are agreed with global process owners and global OR Officer for that business/function prior to in country implementation.
- Review the design of effective process controls by first line to manage all material risks linked to the process control failure.
- Identify Local Control Gaps - Regularly assess all key controls against the country risk profile to monitor exceptions and identify gaps.
- Optimise portfolio of local controls - Regularly assess existing Local Key Control Standards, key risk indicators (KRIs) and key control indicators (KCIs) to ensure cost effectiveness, efficiency and relevance.
- Provide a balanced and informed assessment of all operational risks arising from acquisitions or major change initiatives or projects within the country.
People & Talent
The performance of the Head of Operational Risk will be measured by:
- Favourable external, internal and regulatory audit results e.g. absence of audit failures or audits rated ‘improvement required’, absence of near misses and only acceptable results at independent control sample testing.
- CNFRC, ERC and Board Risk Committee acknowledgement that controls have been made more efficient and effective and operational risks reduced and attestation to a complete country risk profile and awareness of emerging risks.
Risk Management
Risk Appetite
- Periodically assess the country operational risk profile to maintain alignment with the risk appetite. Redesign controls as required in response to internal and external factors.
- Review and challenge country strategy where this is not aligned with the risk appetite ;
- Maintain operational risk capability and a control environment which is in line with the operational risk
Risk Acceptance
- Review and approve risk record templates for acceptance of medium, high and very high country level risks.
- Accept the classification and accurate reporting of operational risk events and the appropriateness of mitigation actions.
- Challenge and constrain relevant Business/Function’s activities where risks are not aligned with control requirements or risk appetite.
- Sign off on new products on behalf of Operational Risk through the Country Addenda process.
Governance
The Head of Operational Risk, has delegated authority to:
- Accept the classification and accurate reporting of operational risk losses and events and to accept the appropriateness of mitigation actions. Validate the 1st line gross and residual risk assessments.
- Challenge and constrain relevant business/functions activities where risks are not aligned with the risk appetite of the business and the group; or controls have not been appropriately designed.
- Sign off on new products introduced in the country on behalf of Operational Risk through the PPG and Country Addenda process as outlined in the Product Governance Handbook.
Regulatory & Business Conduct
- Display exemplary conduct and live by the Group’s Values 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.
- Lead the Operational Risk Function to achieve the outcomes set out in the Bank’s Conduct Principles
- Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
- Exercise authorities delegated by the Board of Directors and act in accordance with Articles of Association
Key stakeholders
- Country Chief Executive Officer
- Country Heads of Operational Risk (within the Region and Globally)
- (Senior) Operational Risk Officers within the Region
- Country Business Heads
- Country Function Heads
- Group Operational Risk
- Country / Group Internal Audit Team
- External Auditors and Regulators
Other Responsibilities
East Africa Cluster Responsibilities
- Ensuring that operational risks are properly assessed that risk / return and control cost / benefit decisions are made transparently on the basis of this proper assessment and are controlled in accordance with the Group’s standards and its Risk Appetite.
- Ensuring Operational Risk policies and procedures and the Operational & Technology Risk Type Framework (ORTF) issued under Enterprise Risk Management Framework (ERMF) are effectively embedded and communicated.
- Providing a focal point of contact over the aggregate level of operational risk that arises from end-to-end processes, including the design of effective controls and the systematic monitoring of process control effectiveness.
- Working with countries to ensure that they are meeting local regulatory requirements as they pertain to operational risk management.
- Representing Operational Risk in relevant Cluster Forums presenting an overview of Operational Risk as well as highlighting significant items that need escalation to the Regional Forum.
- Ensuring best practices in Operational Risk across the cluster.
- Providing practical implementation guidance to implement Group OR Policy/ Procedure prescriptions in an effective manner within the countries in the cluster.
- Engaging in two-way communication with Region/Group and Country OR teams to ensure that the country risks are rightly represented, and the specific actions are adequately executed
- Ensuring key risk metrics from Operational Risk Policy/ Procedures are continually tracked in countries. Escalate concerns, if any, identified through such tracking to appropriate bodies either in the Country or the Region or Group.
QUALIFICATIONS
- Business, Engineering/Analytical related degree and relevant professional qualifications
- At least 5 years of Risk management experience.
- Business/function experience.
- A clear understanding of the Bank’s approach to the management of operational risk, or equivalent experience gained in other organisations.
- Ability to leverage resources across the organisation to complete deliverables.
- Sound judgement and courage necessary to perform a control role and maintain effective working relationships.
Closing: 12 August 2022
Method of Application
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