director, Cfcc Responsible Ai and Data Ethics - Kuala Lumpur, Malaysia - Standard Chartered

Standard Chartered

Verified Company

Kuala Lumpur, Malaysia

1 week ago

Posted by:

Siti Tan

beBee Recruiter

Description

Job:
Governance, Risk Management & Compliance

Primary Location:
Asia-Malaysia-Kuala Lumpur

Schedule:
Full-time

Employee Status:
Permanent

Posting Date: 29/Aug/2023, 6:18:18 AM

Unposting Date:
Ongoing

Role Responsibilities

Identifying, interpreting, and advising on current or upcoming changes in laws and regulations or technology that affect the Group's compliance obligations and risk exposure
Reflecting these changes in the Group's Responsible AI Standard and AI risk management framework, and providing guidance to enable the Group to remain compliant while preempting the evolution of AI models and regulation
Collaborating with colleagues in the Group CFCC function on regulatory advocacy and engagement with industry bodies
Partnering with colleagues across the Group CFCC function to enhance its secondline oversight in relation to the use of AI models. This includes developing materials for training and guidelines and delivering training for the wider Group CFCC function.

The ultimate purpose of this role is to enable the Group to safely use AI, at scale, in a competitive landscape.

Strategy

Understand the role of data and AI in implementing the Bank's strategy
Understand the risks arising from the use of AI, drivers of such risks, and the need to mitigate them
Provide expert guidance on changes and new developments in the AI domain, and implications to the Bank's risk management principles

Business

Awareness of the wider business contexts across the Bank in which AI can be implemented/used
Provide SME guidance to Businesses and Functions, and colleagues in CFCC on the responsible use of AI and associated data protection aspects of privacy, banking secrecy and data quality
Monitor relevant legislative and regulatory changes as well as technological advances, and advise on associated impact to the Group's Businesses and Functions

Processes

Lead global initiatives as requested by the Group CFCC Data Leadership Team
Develop and deliver training on AI risks and regulations
Draft mandatory documentation, such as Standards and guidelines, and help maintain a library of mandatory documentation
Draft and maintain additional, nonmandatory documentation such as FAQs, RAIrelated communications including content for the Group's intranet site
Input into and support the annual Risk and Control Self-Assessment exercise by defining the drivers of risks arising from AI and requirements of any controls to be developed by the first line of defence

People & Talent

Champion the responsible and compliant use of AI across the Group
Develop and provide training to colleagues in the CFCC function at all levels to ensure RAI principles and good practices are adopted, in collaboration with other principles related to data protection
Collaborate with CFCC colleagues and the Businesses and Functions to foster an environment that drives appropriate risk control behaviour, including early anticipation, identification, and mitigation of AIrelated risk, escalating issues in line with the Group's Operational Risk Framework
Provide leadership, management and coaching to direct reports to ensure they are highly engaged and performing to their potential
Promote and embed a culture of openness, trust, and risk awareness, where ethical, legal, regulatory and policy compliant conduct is the norm

Risk Management

Knowledge of the Bank's ERMF (Enterprise Risk Management Framework) and Risk Taxonomy as well as "Managing Regulatory Change" standards and associated processes
Oversee, monitor, and challenge implementation of controls to mitigate risks
Ensure RAI related controls are regularly tested in accordance with the controls testing plan
Lead risk assessments to identify gaps and deficiencies, and help determine remedial action to correct or mitigate risk
Provide expert guidance and support on AIrelated risk identification and management
Ensure proactive and timely identification, assessment, advice and dissemination of evolving legal, technological, and regulatory changes / practices and associated risks on the use of AI across the Group
Assist in agreeing the scope of audits and secondline assurance / compliance monitoring reviews
Collaborate with first line colleagues to integrate RAI requirements into the thirdparty vendor framework to ensure AIrelated risks are appropriately managed

Governance

Draft risk committee papers pertaining to the responsible use of AI
Establish and maintain strong relationships with key stakeholders at all levels, while independently performing own duties
Work with Businesses and Functions, and colleagues in CFCC, to identify and develop innovative solutions to enable effective oversight of AIrelated risks
Be aware of the risk management and compliance requirements from a regulatory and internal policies/standards perspective
Acquire knowledge of the Grou