Business Risk Manager

2 weeks ago


Singapore EFG International Full time

Private Banking - Business Risk Management ("PB BRM") belongs to First Line of Defense (FLoD) and is responsible for monitoring, identifying, assessing and managing business risks embedded in the First Line.

Proactive in ensuring the bank's risk culture and risk appetite is applied holistically and consistently in the First Line.

For this role, main duties and responsibilities will be:

  • Implement and operate business risk controls on First Line activities required by Private Banking Controls Blueprint and Internal Control System Private Banking
  • Focus on monthly investment suitability, fund transfer, cross border and pricing reviews
  • Manage FLoD Risk Scorecard ("RSC") and ensure proper tracking, execution and integrity of the Scorecard results
  • Provide regular and ad hoc management reporting on control results
  • Ability to understand risk in First Line activities, proactively design and implement controls
  • Conduct training to First Line on requirements of investment suitability, selling procedures as well as RSC
  • Support annual Risk Control Self-Assessment exercise
  • Implement General Directive for Internal Control System Private Banking
  • Conduct thematic reviews of the business to identify risks and controls required in the First Line
  • Enhance controls in fronttoback delivery while supporting efficiency in business processes
  • Prepare ad hoc, monthly, quarterly BRM reporting Operational Risk Management Committee, Local Management and Group
  • Responsible for collaborating with 2nd Line of Defense (2LoD) to ensure controls are relevant and effective
  • Work closely with 2LoD especially Operational Risk Managers, and other key stakeholders to identify risks, and strengthen the controls
  • Support the Head of BRM in any ad hoc assigned tasks including prepare 2LoD, internal/external audit responses and implementing audit corrective actions.

Role requirement:

  • A diploma/ degree holder with minimum 8 years of experience in business risk mangement
  • Experience in Private Banking / Wealth Management Front Office First Line of Defense (FLoD) with good interpersonal skills and maturity in managing stakeholders will be advantageous.
  • Good understanding of the local regulatory framework relating to investment suitability and selling practices as well as AML/CFT
  • Being proactive with good interpersonal communication, analytical and problemsolving skills
  • Proficient in using Excel for analysis and Powerpoint for regular / adhoc reporting
  • Team player and able to work independently under tight deadline pressure
  • Advantageous to be multilingual (Chinese, Cantonese, and/or Bahasa Indonesia) and having knowledge / experience with investment products
EFG Bank is the Swiss private banking subsidiary of EFG International.

Headquartered in Zurich, it has an international network spanning Europe, Asia Pacific, Middle East and Latin America, and manages assets for private clients all over the world.

The bank's services comprise asset management and investment counselling, investment funds, securities brokerage, estate planning and a full array of banking services.

EFG Bank offers a stimulating and dynamic work environment.

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