[ref. i78768120] Toa Payoh - Assistant Risk Manager (1-year Contract)

It is a key contributor to facilitating and maintaining the overall control framework at the branch.

Job Purpose

• engagement on matters relating to Policies & Procedures,
• identification and Management of Op Risk issues,
• design and implementation of Control Standards,
• facilitating key arrangements such as those relating to Outsourcing,
• management of Third-Party Arrangements, introduction of new Products/Processes, etc.

As part of the wider Risk Team, the job holder will also work alongside other colleagues in facilitating pan Bank coverage on aspects relating to Regulatory and Group reporting, compilation and reporting of Portfolio metrics and other aspects relating to Enterprise Risk Management.

Main Responsibilities

• Support Head of Operational Risk on implementation of Operational Risk Policies & Procedures.
• Actively engage on Op Risk & Control Assessment (ORCA) as well as implementation of various Op Risk frameworks such as Outsourcing, Third-Party Management, etc.
• Ensure timely submission of various branch level Op Risk submissions such as those relating to Key Control Assessment (KCAs)/Key Risk Indicators (KRIs), etc.
• Actively engage with key stakeholders in the Branch and in Group on maters such as New Product & Process Approvals (NPPA), managing Third Party Arrangements, Identifying/Reporting/Handling of Op Risk incidents/events.

• Monitoring, reporting and tracking remediation of Excesses & Past Dues.
• Tracking Annual and periodic Credit Reviews
• Monitoring and tracking Financial Reports, Covenants and Risk Triggers (including reporting of Exceptions and overdue).
• Tracking Adverse News Reports, facilitating Early Alert Reporting, etc.

• Work with key stakeholders in Finance and Operations to ensure that Regulatory and Internal reporting requirements are well understood and complied with in terms of accuracy and timeliness of reporting.
• Facilitate leveraging of available tools and process improvements to improve overall reporting quality.

• Together with relevant RMs/IAs, ensuring timely completing of Facility Offer Letters, Loan Agreement and other related security documentation – both for new clients as well as for existing clients (bi-lateral and syndicated facilities).
• Tracking outstanding documentation and updating management on reasons for delays if any.
• Facilitating periodic checks as part of document management.

• Facilitate timely compilation of key Portfolio Metrics relevant to Branch and Group Management.
• Facilitate and organize WB Credit Committee meetings as per pre-organized schedule. This will include coordinating inputs with relevant stakeholders in Front Office, Finance, Operations, etc.
• Facilitate inputs for other relevant meetings such as Branch Risk Committee, Operational Risk Committee, etc.

Enterprise Risk Management

Liaise with relevant Branch and Group stakeholders on matters relating to the portfolio including but not limited to:

• Audits – Internal, Statutory
• One-off updates for Regulators
• Stress Testing,
• FRR matters,
• Inputs relating to IFRS9, ECL, Impairment forecasting, etc.

• Degree or other related professional qualification.
• Min 7-10 years of relevant Operational Risk, Credit Administration, Loan Documentation related experience.
• Sound foundation in Operational Risk Management. Reasonable knowledge of Wholesale Banking and Wealth Management.
• Able to build good rapport and have a good working relationship with fellow colleagues and management as well as external parties.
• Self-motivated and committed. Able to work independently.
• Strong competence in spoken and written English.