Risk Management - Associate Director

Danos Group
Singapore, Singapore
Jan 26, 2023
Feb 11, 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
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

  • 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

  • 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

  • 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
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