Business Risk Manager

Job Overview

Key Duties & Responsibilities

• Promote a strong operational risk management and compliance culture.
• Ensure the effective functioning of the Operational Risk Management & Assurance Framework.
• Ensure the effective functioning of the Business or Support Function Operational Risk through an effective and robust agenda.
• Drive ownership of operational risk management to ensure timely escalation of significant risks.
• Ensure the integrity of the controls in the business or function and to manage actively the portfolio controls, including Generic, Business and Regulatory KCSAs.
• Provide operational risk training to staff within the business from time to time and to ensure awareness and understanding of the operational risk framework.
• Advise the Business on Operational Risk issues. Provide strong governance oversight to ensure that the Business is suitably addressing significant external and internal requirements.
• Management of Internal Audit findings for their respective businesses / functions.
• Liaise with local regulators to ensure products offered to clients are in line with regulatory product framework.
• Identify opportunities for continuous improvement of risk controls throughout systems, processes, and practices while considering ‘international leading practice’, improvement of business processes, cost reduction, and productivity improvement.
• Analyse the quality and content of a client or prospect’s financial reports and establishing the appropriate document required to accurately evaluate the financial status of the client.
• Perform value-add analysis on funds managed, communicating results to key stakeholders.
• Identify, summarise, and provide input on key risks of funds, escalating where appropriate.
• Participate in regular discussions with portfolio managers to understand the funds strategy in conjunction with its risk profile.
• Understand the credit worthiness and control counterparty risks of Funds/Mandates arising from derivative and securities financing transactions.
• Prepare synthesized market commentaries and analysis relevant to Funds.
• Support with strategic risk initiatives and contribute to completion of risk reviews.
• Review of global businesses to enhance and standardise processes and analytics with the aim of bringing risk oversight in-line with industry best practice.
• Actively contribute to review of new product launches and assessment/approval of new funds and financial instruments.
• Support reviews all new business initiatives and complex transaction requests, providing well-thought recommendations to senior management for approval.
• Ensure regulatory requests are dealt with in a disciplined, comprehensive, and timely manner.
• Uphold company values throughout business practices and utilise sound judgment in decision making.
• Any other additional duties as may be required by management based on needs of the business.

Position Requirements

• *Educational Qualifications*
• Relevant Bachelor’s degree in related field.
• CFA or CISI.

*Skills & Personal Attributes*

• Digital Savvy and aware of Agile delivery methodology.
• Comprehensive understanding of Wealth and Asset Management products.
• Aware of the local and international regulatory requirement like SCA, FATCA, MIFID and PRIIPs
• Comprehensive understanding of the Capital Markets and Fund management businesses and processes
• Attention to Details, Problem Solving and Strategic Thinking
• Strong analytical and data gathering skills.
• Good business acumen.
• Self-starter with excellent interpersonal communication and problem-solving skills.
• Strong interpersonal skills, including written and oral communication skills.
• Strong understanding of risk management techniques including concepts such as Value-at-Risk, Liquidity risks, Stress testing and Portfolio Theory.
• Able to challenge and influence business and portfolio management to ensure high degree of portfolio oversight.
• *Work Experience*
• A minimum of 7-10 years of experience
• Proven experience in Risk Control/Portfolio Management/Quantitative role.