Director, Risk Control Specialist

About the role

The Risk and Control Unit Head is responsible for ensuring the Division/Department maintains an adequate and effective first line of defense risk management program. The role involves promoting and supporting Business and Support Management to ensure adherence with applicable banking laws, rules, regulations and internal policies, procedures and processes. The position enables the effective execution of operational risk and compliance throughout the Bank/Group, with respect to identifying, quantifying, reviewing, evaluating and measuring risk to ensure that all compliance and risk categories are identified and managed in accordance with regulatory, internal policies and procedures requirements.

Key responsibilities

• Manage operational risk and regulatory risk for the Division/Department across legal entities or geography as stated in the appointment letter
• Act as liaison and address all concerns and requirements of regulators with respect to risks within functional area of responsibility
• Proactively manage risk in the Division/Department to reduce the likelihood or impact of negative events
• Report risks to the Head of Division/Department in a timely manner to provide clear view of overall control effectiveness
• Execute the operational risk framework of the bank in a robust and disciplined manner to achieve sound risk management practices and reporting
• Partner and engage with the second line of defense to achieve optimal outcome of risk management
• Validate division/department policies, procedures, SOPs for completeness and accuracy and sign-off on all SOPs
• Build and execute the compliance risk framework within the Division/Department in a robust and disciplined manner
• Support and lead the Division/Department in proactive identification and management of compliance risk
• Identify areas with ineffective controls and work with relevant stakeholders to enhance overall control environment to mitigate compliance risks
• Establish reverence for strong risk management by applying knowledge and understanding of business products, services and processes
• Facilitate strong partnerships across various stakeholder groups and determine best methods of communication and establish escalation model
• Ensure alignment of tasks between the 3 lines of defense to minimize overlap or gaps
• Compile and analyse risk data for themes and trends and raise awareness of emerging risks in the industry
• Ensure every business and support unit within the Division/Department has an RCU team and QA testers with proper appointment execution
• Track and maintain updated list of RCU team and QA testers within the Division/Department
• Facilitate relevant training within the Division/Department and cascade risk information or program updates to RCU team and QA testers
• Provide guidance to support RCU team and QA testers in their role
• Monitor performance against relevant RCU team and QA testers KPIs
• Develop direct and indirect subordinates with well thought through and executable action plans

About you

• Bachelor Degree holder or equivalent
• Professional or post graduate qualifications such as Chartered Accountant, CFA, MBA, LLB
• Minimum 10 years work experience with relevant experience in a risk/audit/compliance/legal related role within the relevant business/function
• Excellent communication skills both verbal and written
• Understanding of risk drivers and ability to articulate risk to non-risk personnel
• In depth knowledge of risk related to business/function
• Able to work autonomously
• Demonstrated managerial, leadership and facilitation skills
• Understanding of how a bank operates front to back
• Good presentational skills, Microsoft Word, Excel and PowerPoint
• Agile, analytical, results oriented, detail oriented, problem solving, accuracy, urgency, timeliness, responsible, accountability and good team work