Assistant Director, Risk

3 weeks ago


Singapore THE COMMUNITY FOUNDATION OF SINGAPORE Full time
Roles & Responsibilities

Job Overview:

Reporting to the CFO, you will oversee operational risk management, internal audit, tax and compliance requirements. You will provide operational risk management support to the heads of department and work with them to review Enterprise Risk Management controls in their process and establish a strong risk management culture based on the code of governance and regulatory compliance requirements for Charities and Institutes of Public Character.

Key Responsibilities

Operational Risk Management

  • Proactive Risk Mitigation: Develop and implement a proactive strategy for managing emerging risks and taking preventive actions to reduce the impact of potential incidents.
  • Control Environment Enhancement: Collaborate with stakeholders to strengthen internal controls, addressing ineffective measures and ensuring overall compliance.
  • Policy Implementation: Lead the implementation of organization-wide risk frameworks, policies, and procedures within the department, ensuring adherence to regulatory standards.
  • Risk Advisory: Serve as the primary advisor on risk matters, resolving routine inquiries and escalating complex issues as necessary.
  • Operational Risk Tools: Oversee the use of risk management tools, leading the team in identifying and addressing operational risks, and recommending improvements in processes and controls.

Risk and Compliance Culture

  • Risk Awareness and Communication: Promote a culture of risk awareness, encouraging open communication and alignment among all lines of defense.
  • Training and Development: Partner with compliance and risk teams to design and deliver training that enhances risk and compliance knowledge across the department.
  • Culture and Capability Initiatives: Lead projects and initiatives to raise awareness of risk and compliance issues within the team, supporting an organization-wide risk-conscious culture.

Regulatory Compliance

  • Compliance Advisory: Act as the first point of contact for regulatory compliance matters, offering expert advice on compliance requirements and best practices.
  • Gap Analysis: Conduct regulatory gap analyses and implement the necessary controls to ensure compliance with updated regulatory requirements.
  • Monitoring and Reporting: Oversee the completion of compliance self-assessments, monitor risk indicators, and ensure timely reporting on compliance issues, including Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) concerns.

Other Supporting Requirements

  • Cross-Departmental Collaboration: Lead or participate in projects related to risk management, defining business requirements, coordinating testing phases, and liaising with IT, Business Units, and vendors to resolve any issues.
  • Business Continuity: Management of the overall Business Continuity Framework
  • Secretariat: Provide Secretariat Services to the Audit and Risk committee
  • Vendor Management: Principal Point of contact for the Internal Auditor, AML service provider, Risk Related Training Vendors, Business Continuity Vendors

Qualifications:

  • Education: University Degree or Diploma; professional certifications (e.g., Chartered Accountant, CFA, MBA) are highly preferred.
  • Experience: Minimum 10 years of experience in risk management, compliance, audit, or control roles within financial services or a similar industry.
  • Technical Skills: Proficiency in operational and compliance risk frameworks, a thorough understanding of financial services processes, and experience with regulatory compliance.

Core Competencies:

  • Communication: Strong verbal and written skills, with the ability to convey risk concepts to a range of audiences.
  • Risk Acumen: Solid understanding of risk drivers, with a proactive approach to managing and mitigating risks.
  • Autonomy and Problem-Solving: Self-motivated, with a solutions-focused mindset to address and resolve complex issues.
  • Leadership and Collaboration: Demonstrated ability to manage and mentor a team, with strong stakeholder management skills and a collaborative approach to achieving objectives.

We regret that only shortlisted candidates will be notified.

Tell employers what skills you have

Management Skills
Leadership
Regulatory Compliance
Business Continuity
Risk Management
Operational Risk Management
Compliance
Risk Advisory
Business Continuity Management
Stakeholder Management
Audit

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