Our client in the banking industry is urgently looking for an experienced risk professional to join their team in Singapore.
Vice President, Operational Risk Management (1-year contract)
The individual serves as subject matter expert on the First Line supervision structure, operational risks’ assessment, controls and governance.
Key areas of responsibilities :
- Sitting with the business and acting as the first line of defence, he/she partners closely with First Line senior management, COO, Compliance, IT & Operations and other control functions to strengthen the bank's operational processes.
- Continuous advisory to FO as well as ad-hoc awareness & training sessions dedicated to 1LoD
- Prevention & Risk Assessment: assessment, monitoring of the front-to-end control plan as well as definition of risk mitigation’s action plan in collaboration with the support functions
- Adherence and continuous improvement of a Governance structure with regular supervision forums with heads of business lines
First Line Risk Reporting and Remediation
- Strengthen control set up through the declaration, investigation, analysis of operational risk incidents
- Contribute to determine risk reduction actions & coordinate ad-hoc global remediation plans
- Lead the answer, follow up and closure of any internal or external recommendations
- Materialize, maintain & improve the First Line control plan
Prevention / Risk Assessment
- Develop and manage operational risk monitoring measures and reporting (e.g. KRI, Risk Control Self-Assessment (‘RCSA’), Conduct Risk Identification (‘CRI’))
- Contribution to the rationalization, cleaning, efficiency of controls while reducing risks
- Conduct training and awareness sessions aiming to strengthen a risk mitigation culture.
Supervision
- Validation process: Coordinate the internal validation of exceptional transactions, new activities, proprietary custom index or automated trading strategies, new product rollout;
- Provide advisory to First Line and Functions on operational risk assessment throughout the validation process. Ensure adherence to the relevant policies & proper implementation of actions points.
- Assist with identifying ongoing business, regulatory and conduct risks within the GM business, APAC.
- Contribute and partiicpate to the internal Risk and Governance (Eg:BRCC, ARCC) forums and provide advisory on operational risk governance.
Strategy Development and Implementation
- Contribute to the formulation, implementation and delivery strategy in line with the Bank's vision, mission, values and priorities (from a risk perspective).
- Assist in the translation of Strategy into operational business plans for the short, medium and long term within the department(s) and ensure that performance is monitored, reported and delivered and necessary actions are taken to achieve the strategy and plans with a particular focus on Risk management.
Leadership
- Act as a role model in First Line in relation to compliance, conduct and standards by driving adherence to organisational values and ethics by employees to ensure the establishment of a value driven culture within the bank's Franchise.
- Champion the development of a risk culture within the Asia to drive heightened awareness and understanding of prudent risk, regulatory and conduct practices and further advise and guide the business on technical aspects so that key stakeholders are equipped with the necessary knowledge and capability to take risk-based decisions on behalf of the Group.
Regulatory & reporting
- Ensure local and applicable regulatory guidelines are adhered to when rolling out policies, procedures and reviews.
- Act as the SPOC for Buisness management related tasks e.g. DLP, BCP, Compliance reviews, RCSA co-ordination, SOP’s, Product Approvals, PPG addendums, ARCHER reporting, assist with client on-boarding documentation and credit approvals.
- Undertake ad-hoc projects and duties assigned by Manager.
Requirements :
- 10+ years experience in line 1 or 2 Non Financial Risk Roles preferably in a Global Markets / Wholesale Banking business or as an auditor of Financial institutions
- Candidate shall possess a Bachelor's or Master’s Degree in Risk Management, Finance, Business or Accounting. Project Management certification would be useful but not mandatory.
- Good understanding of Global Markets & Wholesale Banking and associated products
- MS Excel and Power Point and Office suite product knowledge
Interested applicants are invited to write in with updated resume to [email protected].
EA License No. 16S8296 • EA Personnel Registration No. R21102756
