Risk Management - Associate Director

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