Director - First Line Risk & Control - International

Company Description

The FLRCA is responsible for overseeing the main risks and controls of the FAB’s business across the Region in International whilst ensuring the integrity and sustainability of the business from a First Line perspective as it evolves. The job purpose of the role is to support the Regional Head of First Line Risk & Control, International to perform the following:

• To Drive the development of a strong Risk culture and Control environment in the country convering all financial and non-financial risks across all businesses and functions.
• To Ensure an appropriate and effective control environment within all Front Office and Support activities, specifically:
  • The identification of all financial and non-financial risks introduced into FAB
  • The introduction and embedding of appropriate and effective risk mitigants to ensure that the inherent risk profile remains within the agreed risk appetite.
• To oversee the production of timely, relevant and complete management information which will enable the Country Management to assess the effectiveness of their respective control functions in relation to their individual regulatorily prescribed’ and allocated responsibilities.
• Work closely with the 2nd Line of Defense to support further embedding and maturity of the 3 Lines of Defense model and evolve a robust ‘Risk and Compliance’ culture across the 1 Line of Defense.

Job Description

The individual serves as subject matter expert on the First Line supervision structure, operational risks’ assessment, controls and governance. Sitting with the business and acting as the first line of defence, he/she partners closely with First Line senior management, COO, Compliance, IT & Operations and other control functions to strengthen FAB’s 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

First Line Risk Reporting and Remediation

• 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 First Line control plan

Prevention / Risk Assessment 

• 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

Supervision

• Validation process: Coordinate the internal validation of exceptional transactions, new activities, proprietary custom index or automated trading strategies, new product rollout; Provide advisory to First Line 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 participate to the internal Risk and Governance (Eg: BRCC, ARCC) forums and provide advisory on operational risk governance. 

Leadership

• Act as a role model in First Line in relation to compliance, conduct and standards by driving adherence to organisational values and ethics by employees to ensure the establishment of a value driven culture within the FAB Franchise.
• Champion the development of a risk culture within FAB Asia to drive heightened awareness and understanding of prudent risk, regulatory and conduct practices and further advise and guide the business on technical aspects so that key stakeholders are equipped with the necessary knowledge and capability to take risk-based decisions on behalf of the Group.

Regulatory

• Ensure local and applicable regulatory guidelines are adhered to when rolling out policies, procedures and reviews.

Reporting

• Act as the SPOC for Business management related tasks e.g. DLP, BCP, Compliance reviews, RCSA co-ordination, SOP’s, Product Approvals, PPG addendums, ARCHER reporting, assist with client on-boarding documentation and credit approvals.
• Undertake ad-hoc projects and duties assigned by Manager.

Qualifications

Knowledge & Experience:

• 5-10 years experience in line 1 or 2 Non Financial Risk Roles preferably in a Global Markets / Wholesale Banking business or as an auditor of Financial institutions
• Candidate shall possess a 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 & Wholesale Banking and associated products
• MS Excel and Power Point and Office suite product knowledge

Skills:

• Proven relevant operational risk methodology, internal control, business risk, internal audit or Front Office experience 
• Good general knowledge of Fixed Income, Equity, Commodity products (cash and derivatives), Loans, Transaction Banking and Private Banking Business.
• Strong communication skills in written and spoken English (additional language skills is appreciated particularly Mandarin but is not mandatory) 
• Demonstrate ability to identify key risks and contribute to the control framework for a wide variety of situations with the ability to act autonomously.
• Demonstrate ability to form and articulate an informed position through structured thinking, problem solving and prioritisation;
• Stakeholder management and influencing skills 
• Familiarity with the regulatory landscape in APAC
• High Ethical standard 
• A team player
• Ability to work across with stakeholder at different levels & good stakeholder management
• Understanding of Compliance, Risk and Regulatory frameworks
• Strong ability to multi-task in a fast pace environment
• Robust process knowledge
• Clear attention to detail and able to work independently
• Excellence communication & negotiation skills
• Pro active and capacity to take initiative