Head of Risk, Asia

-Arab Banking Corporation
Singapore

Posted 1 hour ago Permanent Competitive
- S
- POSTED BY
- SiewCheng Lee
- RecruiterFollow

**Department**:
ABC Singapore Branch
Credit & Risk Group

**Reports To**:
Locally: Head of Asia ＆ General Manager, Singapore
Functionally: Group Chief Credit & Risk Officer

**Supervises**:
Credit & Risk Management functions
Job Purpose:
**Job Purpose**

This is a second line of defence role responsible for the governance, oversight, development and management of credit risk, market risk and operational risk. Key roles and responsibilities are:

- To work with 1st line of defence in deals structuring, covering trade finance, specialized financing, and treasury products.
- To provide briefings and to cascade and implement Group policies and standards to the local Branch level across the 3 risk pillars.
- To prepare the meeting agenda items and drive the local Risk Committee
- Participate as a member of the local Management Committee, ALCO, Reputational Risk Committee, Compliance and Financial Crime Committee, and Local Operational Risk Committee.
- Provide update and confirmation relating to Annual Review Overdue reports, confirmation of ECL reports from Group IFRS/ECL team, monthly ARCM report, quarterly Impaired Loan report.
- Developing a highly skilled and motivated risk team to meet the growing needs of the business.

**Principal Responsibilities, Accountabilities and Deliverables of Role**:

- Key stakeholder in establishing the risk framework for Asia within the Bank’s Group Risk Policy and Strategy. In addition, work with Group Risk Management to ensure that risk appetite is set in line with Group guidance, Board direction and local regulatory requirements. That the risk appetite drives the strategy adopted by ABC Singapore and that the annual operating plan is established within the parameters set by the risk appetite.
- Ensure banking governance, policies and procedures are aligned with both Group guidance and local regulatory requirements. That they are kept up-to-date effectively, communicated and understood by all employees, and that adherence is tested and confirmed on a regular basis
- Work with Group Risk Departments to establish a target operating model to assess, monitor and approve credit requests (new and existing) within delegated authority and in line with the bank’s risk policies and appetite. Ensure that there is an appropriate escalation protocol for all other cases, to higher approval authorities.
- Communicates the key elements of Group risk management framework to all employees, advises on how the framework is to be applied in relation to all types of risks and ensuring the employees’ adherence to and understanding of the framework. This will build a culture of risk awareness so that potential risk issues, actual incidents and loss events are proactively identified, mitigated (where possible) and reported in a timely and transparent manner
- Key proponent of enterprise risk management working in conjunction with Group Risk Departments, and thereby:

- drives the identification, quantification, governance and management/mitigation of risks incurred by the business
- advises line of business leaders and senior leadership on the evolution of the different risks incurred by the businesses
- coordinates the activities of Group risk disciplines [eg operational risk, wholesale credit risk] in support of the Wholesale Bank
- acting as a conduit between global risk management and local risk management
- providing a focal point for issues escalation, both globally [functional] and locally [entity]
- Confirms the appropriateness of limits frameworks and related controls
- Managing day to day other pertinent risks viz. market risk, operational risk and liquidity risk etc. through effective risk management/credit risk policies, processes and strong end to end debt management model covering origination, assessment/approval, limit settings, disbursements/monitoring, post lending/monitoring control and mitigation. Work with all appropriate members of management team to control strategic, credit, market, liquidity, operational and compliance-related (regulatory) risks
- Act independently from the 1st line of defence to identify and escalate issues and concerns to recommend amendments to policies, procedures, practices, etc. or the cessation of activities, businesses which lie outside of risk appetite.
- Tracks and oversees investigations and remediation of limit/cap excesses, focusing on root cause analysis and sharing across the group key learnings
- Manage portfolio quality including timely identification of potentially problematic counterparties and related analysis escalated to Head Office.
- Provide regular updates to Head Office on risk portfolio and the adequacy and effectiveness of risk management within the region. Advise Group leadership on the risk management performance of material risk takers within the branch
- Play a leading role in credit risk appr