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

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