Head of Risk Head of Risk …

Non-disclosed
in Kuala Lumpur, Kuala Lumpur, Malaysia
Permanent, Full time
Last application, 26 Sep 19
Competitive
Non-disclosed
in Kuala Lumpur, Kuala Lumpur, Malaysia
Permanent, Full time
Last application, 26 Sep 19
Competitive
The incumbent will report locally to the Chief Executive Officer and functionally to the respective Department Risk Heads in Head Office, overseeing and strengthening the operational, business and market/investment risk management governance and framework. This is a key leadership role with a broad and strategic mandate to help shape a growing investment risk function and seen as a true partner to the business. The incumbent will oversee the local risk team and also support the local management and global risk committees in the management of risk (investment, business and operational risks).

Roles and Responsibilities

  • Lead the roll-out / localisation of the risk management policies, procedures, processes, methodologies and initiatives, in alignment to Group, taking into consideration local regulatory requirements, while working closely with Head Office.
  • Promote and deepen risk awareness by working with Business Partners and other relevant stakeholders, providing support and advisory on the application of the risk policies, procedures, processes, methodologies, providing training (where applicable) and fostering a culture of risk management within the organisation.
  • Lead and / or participate in risk committees and working groups that have been established to enhance governance and oversight over risk matters.
  • Lead the Local Risk Management Team in the following:
  • Review and analyse risk performance metrics, develop insightful and actionable reporting across the funds, escalate significant incidents, key trends and queries for management’s attention including Head Office.
  • Provide guidance to business units and local management on operational risk management programs* to enable business units to manage the relevant risks in a structured, systematic and consistent manner.
  • Oversee the execution of surveillance reviews in line with regulatory and Head Office’s standards.
  • Oversight on the fund exposures, concentrations and strategies from an investment risk and performance perspective.
  • Review and approve risk assessment or methodologies for initiatives / reviews.


*Note:  The operational risk management programs include the following:

  • Self-Assessment Programs such as Risk and Control Self Assessments (RCSA)
  • Key Risk Indicators (KRIs)
  • Operational Risk Events management and reporting
  • Outsourcing Risk Management
  • Technology, Information and Cyber Risk Assessments.
  • Business Continuity Management
  • Physical Security Assessment
  • Insurance Management

Requirements

  • Degree in finance / banking or related discipline preferred and with a minimum of 10 years of relevant working experience in funds / asset management with exposure to operational risk, audit or operations, as well as business procedures development, monitoring and surveillance experience in a banking environment.
  • Good understanding and knowledge of banking products (including investments; equity securities, fixed income securities, derivatives and mutual funds), processes (including risk modeling techniques), operations and regulations.
  • Strong leadership and management ability.  Able to exercise sound judgment and establish both strategic and tactical plans in the management of risk. 
  • A driven self-starter who is delivery-focused and possesses strong communication, influencing and presentation skills to facilitate interactions with senior management and Business Units in the organisation.
  • Thrive in a fast paced environment, is able to adapt to various demands in a diverse culture and multi-task in a competitive environment.
  • Familiar with relevant rules and regulations, in particular those relating to local private banking / asset management business.
  • Analytical mindset and good report writing skills. 

 

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