Head of Private Banking Operations

5 days ago

Singapore beBeeOperational Full time $150,000 - $250,000
About the Role

This is a highly sought-after position in our organization, where you will have the opportunity to lead and grow a team of professionals in the Private Banking Middle Office function. As the Head of Middle Office, you will be responsible for overseeing the operational integrity, credit governance, and risk management of the private banking business.

The ideal candidate will have a proven track record in setting up or expanding Private Banking Middle Office functions, with strong expertise in credit analysis, risk governance, and operational risk control. Experience working with regulators and auditors is also essential. In addition, the candidate should have excellent leadership, communication, and stakeholder engagement skills, as well as fluency in Mandarin.

Key Responsibilities:

  • Lead and grow the Middle Office team to provide full operational support to the Private Banking franchise.
  • Oversee end-to-end BAU functions including KYC/account opening, name screening, credit application and collateral monitoring, product governance, MIS reporting, and sales performance monitoring.
  • Develop, implement, and refine policies, procedures, and workflows to strengthen control and efficiency.
  • Ensure alignment between front office, risk, compliance, and back office functions.
  • Oversee credit administration for private banking clients, including facility applications, reviews, and approvals.
  • Monitor collateral adequacy, lending exposures, and concentration risks; ensure timely action on margin calls and covenant breaches.
  • Provide independent credit and risk assessments to support decision-making and safeguard the bank's capital.
  • Act as the bridge between front office business objectives and credit/risk management standards.

Governance & Regulatory Compliance:

  • Ensure compliance with regulatory requirements, internal guidelines, and cross-border standards.
  • Liaise with internal audit, compliance, and regulators on operational and risk-related matters.
  • Implement operational risk controls to prevent errors, breaches, or reputational risks.

Project & Change Management:

  • Lead cross-border and cross-departmental projects to support new product launches, system implementations, and process enhancements.
  • Serve as project manager for strategic initiatives (e.g., core banking migration, cross-border policy harmonization, technology upgrades).
  • Oversee budget and vendor management for Middle Office-related projects.

Qualifications & Experience:

  • 15+ years' experience in private banking, credit risk management, or corporate banking, with at least 5 years in a leadership role.
  • Proven track record in setting up or expanding Private Banking Middle Office functions.
  • Strong expertise in credit analysis, risk governance, and operational risk control.
  • Experience working with regulators (MAS or other Asian jurisdictions) and auditors.
  • Strong project management experience, including cross-border and multi-stakeholder initiatives.
  • Excellent leadership, communication, and stakeholder engagement skills.
  • MBA or Master's in Finance, Accounting, or related field preferred.
  • Fluency in Mandarin strongly preferred to manage frequent coordination with HQ.

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