Business Financial Crime Risk

Job ID: 31232

Location: Singapore, SG

Area of interest: Operations

Job type: Regular Employee

Work style: Office Working

Opening date: 5 Jun 2025

**JOB SUMMARY**
- The role-holder will report to the head of Business Financial Crime Risk Oversight and First Line Review, acting as a Director of first line financial crime risk management across the CIB businesses, setting the strategic direction and providing guidance to key stakeholders across CIB to ensure the adoption, embedding and sustainability of the process and control framework with risk and process owners.
- The role-holder will provide and demonstrate effective oversight of the key frameworks including the design and delivery of initiatives and project-based activity to enhance the process and control framework in an efficient and sustainable manner driving a culture of excellence. This is particularly relevant to financial crime and fraud risk
- The role-holder will demonstrate strong Subject Matter Expertise (SME) across the broad spectrum of financial crime risks thereby contributing to the early and pro-active identification of risks and foster a collaborative culture to address these. Interpretation and of data analytics to drive financial crime risk reviews is equally a fundamental responsibility to the role holder.

**RESPONSIBILITIES**

**Strategy**
- Provide CIB wide coverage and oversight of financial crime risk across the broad spectrum of risks under the respective component areas to ensure the appropriate and effective embedding of internal frameworks and controls across the CIB businesses.
- Monitor and respond to emerging and horizon financial crime risks and assess and drive the response required to effectively manage these across the CIB businesses.
- Act as a champion for strategic design / change initiatives and the implementation thereof which support financial crime risk management across the CIB businesses and align with the broader Bank goals.
- Collaborate with Risk Framework Owners (RFOs) to translate high-level policies into actionable, risk-based business journey control standards across the CIB businesses, demonstrating the ability to bridge the gap between policy and practical implementation.
- Build a shared understanding of risk-based priorities across the CIB businesses, collaborating closely with both 1LoD and 2LoD stakeholders to drive a unified approach.

**Business**
- Partner with the business to become a trusted advisor and team player focused on delivering the right risk management outcomes for CIB.
- Co-ordinate, drive and deliver business wide review initiatives and project-based activity focused on specific financial crime risks across the business areas within the overall CIB business.

**Processes**
- Lead, drive, co-ordinate as appropriate 1LoD/2LoD working groups to drive effective, practical and timely embedding of policy requirements demonstrating strong cross-team collaborative skills.
- Collaborate with key stakeholders to ensure a risk-based approach in the execution of control monitoring and risk management activities.
- Catalogue the controls, key monitoring metrics and linked activities across financial crime risk to demonstrate a holistic and comprehensive oversight of the critical financial crime risks facing CIB businesses.
- Embrace an agile risk management approach to promote both a pro-active approach to risk management and a culture of continuous improvement.
- Enhance the feedback loop between the different lines of defence and external parties to ensure that weaknesses or gaps identified through review activity driving read across activity as appropriate.

**Risk Management**
- Develop and drive the control coverage and the effectiveness of the overall financial crime risk control environment across CIB.
- Provide SME guidance on financial crime risk matters leveraging professional experience and understanding of industry best practices as appropriate.
- Produce and provide regular, clear, risk focused updates for business management demonstrating delivery against agreed objectives and effective action across the CIB businesses.
- Cultivate financial crime risk insights through data analysis to monitor control outcomes and to promptly detect adverse trends for resolution.
- Plan, develop and lead thematic risk reviews across financial crime risks to proactively identify residual risks and opportunities to enhance controls.

**Governance**
- Report and escalate on a timely and transparent basis to business management and appropriate governance forums on items including emerging risks, key control deficiencies, review outcomes, and material incidents as applicable and support the implementation of agreed actions.
- Responsibility for promoting and maintaining a strong and effective first line of defence risk culture across the CIB businesses.

**Regulatory & Business Conduct**
- Support internal 2LoD Assurance Teams and 3LoD GIA and external parties including regulatory authorities o