Director, APAC Regional Risk

1 week ago


Singapore Sumitomo Group Full time $90,000 - $120,000 per year

Roles & Responsibilities

The Risk & Governance Lead is a key position within SMBC's Global Markets Business Unit in Asia. This investment banking business unit deals extensively in FX and Rates products and consequently the role is tasked with coordinating strategic projects based out of our regional headquarters in Singapore.

The key focus of this role will be on strengthening overall Risk & Governance for Global Markets business in the region. The incumbent will need to be aware of regulations and operational risk aspects that govern the functioning of FX and Rates Markets in Asia. Key areas of work will include authoring desk procedures and policies, giving Risk and Governance training to various teams in Asia, setting up trade monitoring frameworks, and working to ensure managers in countries are performing governance related tasks in a timely and complete manner. This position also drives regional consistency in the region with regards to Risk and Control frameworks via reviewing individual desk procedures, and holding governance forums where matters are discussed with control functions

The role will partner with seniors in the Markets business, Country Heads, Operations, Compliance, Internal Audit, and work on initiatives in all matters of planning, risk & governance frameworks and regulatory reform.

Job Responsibilities

  • Enhance the Risk and Governance framework within the region to uphold firm's reputation and safeguard SMBC, its clients and its assets.
  • Drive compliance with applicable laws, rules and regulations from an in-business standpoint
  • Be the subject matter expert for technology systems used in the Global Markets Business Unit (focus on FX and Rates Booking systems) with a view to mitigating operational risk and regulatory risk
  • Primary liaison for Head Office discussions on governance roadmap for Treasury Sales and Trading business regionally in Asia
  • Appropriately assess franchise risk, governance and controls when regional decisions are made.
  • Coordinate and work closely with Risk, Compliance, Finance, Legal and other control functions to enhance the relationship with the treasury department

Job Requirements

  • University Degree.
  • Experience in financial institutions in driving risk and governance forums, and architecting control frameworks
  • Experience in managing business controls, franchise risk and governance is required
  • Knowledge of end-to-end trade flow including execution, back office settlement processes and linkage of Front Office systems to downstream systems
  • Knowledge of FX and Rates products will be an added advantage
  • 10+ years in performing similar roles in the APAC financial industry is preferred with emphasis given to candidates who have had exposure in Internal Audit / Product Control / Business Management roles
  • Experience in technology management, strategic planning, project management, and legal vehicle management


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