Risk Management

**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**
- 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

**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