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Danos Group

Risk Management - Associate Director

Danos Group Singapore
Posted 1 day ago In-Office Permanent 120,000
S
Posted by
Sunil Gopwani
Senior Researcher
General Description & Objectives Reporting to the Head of Risk & IT, assisting the Bank to implement and monitor the risk management philosophy and business strategy, executing risk management processes and operating procedures and implementing prudent risk limits with appropriate risk measurement, monitoring and reporting.

Key Features of the Position

Risk monitoring

  • Assists with the design and implementation of written policies and procedures (relevant to Risk Management) for the bank’s business activities and the management of risks inherent in these activities
  • Update and alignment of relevant policies and procedures in line with developments from MAS Notices and Guidelines
  • Formulates and implements appropriate and adequate risk measurement and reporting systems and independent oversight and control processes
  • Conducts overall risk assessment of the Bank and executes testing on risk management controls on a regular basis to identify identify potential control gaps and areas for improvements
  • Develops risk reports (including Key Risk Indicators) for submission to management and Head Office
  • Performs periodic / ad-hoc reviews of operational processes and controls including but not limited to Investment Suitability, payment controls, KYC/AML, client data management etc
  • Identifies, reports and resolves pertinent risk management issues including where applicable observed or self-attested lapses in controls, audit findings, new or updates to existing operational processes
  • Implements and administers the Bank’s dormant account monitoring

Investment Suitability Control

  • Conducts periodic monitoring on client order handling and investment suitability in accordance with the Bank’s framework
  • Administer and monitor investment constraints in the front office systems
  • Administration of the Banker Scorecard

Operational Incidents

  • Ensures adequate oversight of operational incident management and reporting process
  • Reviews incident reports and reconcile the loss register against the accounting records to ensure the complete and accurate reporting of operational incidents.
  • Conducts incident investigations (where necessary) to identify preventive measures and monitor their implementation

Credit

  • Assists in the management of credit risks associated with the Bank’s credit portfolio as part of the Credit Department of the Bank together with CFO
  • Maintains credit files
  • Supports credit approval and administration process
  • Performs regular credit monitoring and control (including assessing the reasonableness of lending values and submitting the requests to Group Credit for their assessment) in accordance with the credit policy.
  • Conducts monthly reviews of overall credit portfolio and collateral quality
  • Escalates credit exceptions including but not limited to collateral shortfalls, credit excesses and overdrafts to the CEO and CFO in accordance with the credit policy

Business Continuity

  • Leads in the planning and execution of the BCP and Disaster Recovery tests
  • Maintains Call Tree and conduct call tree exercise
  • Maintains BCP inventory
  • Maintains and updates the BCP manual on a regular basis

Technology Risk Management

  • Develop and implements the Bank’s Technology Risk Management controls
  • Monitors the appropriateness of user access profiles for the Bank
  • Develops and implements the information security policies with the support of Head Office IT team

Outsourcing

  • Monitors the performance of outsourced service providers in accordance with service level agreements and guidelines on outsourcing
  • Conduct due diligence and periodic reviews on outsourced service providers

Others

  • Conduct training sessions and/or preparation of training guides on relevant risk management topics

Required Knowledge, Skills & Abilities 

  • Approximately 8 years of relevant work experience in a Big 4 audit firm with bank audit experience or in a Risk Management team from a private bank preferably
  • Good knowledge of investment products and characteristics
  • Excellent inter-personal skills
  • Meticulous, and independent working attitude
  • Flexible, open to changes in roles and responsibilities
  • Good initiative and willing to go beyond the job description
ABOUT COMPANY
London, United Kingdom
HR & Recruitment
The Danos Group provides permanent and interim Compliance, Financial Crime, Legal, Risk, Cyber, and ESG recruitment solutions to the world’s leading o...
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