AVP, Line 1 Risk & Control, Global Markets Banking
Morgan McKinley
Application
Details
Posted: 16-Jan-23
Location: Singapore, Singapore
Type: Full Time
Salary: Open
Internal Number: 18473470
Job Summary
Singapore
Permanent
BBBH835712
Dec 15, 2022
Competitive
Job Description Morgan McKinley is working in partnership with a regional Corporate Bank with strong footprints and relationship in the Asia region.
The Singapore team is looking to hire an AVP for the Line 1 Risk & Control for the Global Markets business. Reporting to the Head of Department, you will be part of the team overseeing the main risks and controls of the GM business across Asia whilst ensuring the integrity and sustainability of the business from a Line 1 perspective as it evolves. You will advise the business lines on Operational Risk Management, promote best practices, contribute to the delivery of an effective & efficient internal control framework, support business development initiatives while ensuring adequate governance as required by Regulators.
Role and responsibilities
Serves as subject matter expert on the GM Front Office (FO) supervision structure, operational risks' assessment, controls and governance.
Partners closely with FO senior management, COO, Compliance, IT & Operations and other control functions to strengthen GM operational processes.
Continuous advisory to FO as well as ad-hoc awareness & training sessions dedicated to 1LoD Prevention & Risk Assessment: assessment, monitoring of the front-to-end control plan as well as definition of risk mitigation's action plan in collaboration with the support functions Adherence and continuous improvement of a Governance structure with regular supervision forums with heads of business lines
Strengthen control set up through the declaration, investigation, analysis of operational risk incidents
Contribute to determine risk reduction actions & coordinate ad-hoc global remediation plans
Lead the answer, follow up and closure of any internal or external recommendations
Materialize, maintain & improve the FO control plan
Develop and manage operational risk monitoring measures and reporting (e.g. KRI, Risk Control Self Assessment ('RCSA'), Conduct Risk Identification ('CRI'))
Contribution to the rationalization, cleaning, efficiency of controls while reducing risks
Conduct training and awareness sessions aiming to strengthen a risk mitigation culture
Coordinate the internal validation of exceptional transactions, new activities, proprietary custom index or automated trading strategies
Provide advisory to FO and Functions on operational risk assessment throughout the validation process. Ensure adherence to the relevant policies & proper implementation of actions points.
Assist with identifying ongoing business, regulatory and conduct risks within the GM business, APAC.
Contribute and partiicpate to the internal Risk and Governance forums and provide advisory on operational risk governance
Key requirements
10+ years experience in line 1 or 2 Non Financial Risk Roles preferably in a Global Markets business or as an auditor of Financial institutions
Bachelor's or Master's Degree in Risk Management, Finance, Business or Accounting. Project Management certification would be useful but not mandatory.
Good understanding of Global Markets and associated products
MS Excel and Power Point and Office suite product knowledge
If you are interested in the role and would like to discuss the opportunity further, please click apply now or email Hagen at hlee@morganmckinley.com for more information.
Only shortlisted candidates will be responded to, therefore if you do not receive a response within 14 days please accept this as notification that you have not been shortlisted.
