AD, Business Risk Management WRB SG

Responsibilities

• Identification and management of end-to-end processes defined by the Private Banking Process Universe and associated risks for the activities carried out by the business. Collaborating with Country Process Owners in risk management, providing support on risk assessments, proactive thematic reviews and audits management.
• Business
• Continuously evaluate and identify operational risk implications on business strategies, initiatives, changes and provide guidance on operational risk impact assessments and remedial actions.
• Processes
• Ensure adherence to Business Risk Management Objectives and Key Operational Risk KPIs of timely escalation and reporting of issues, and timely execution and completion of risk assessments with no overdue. Taking ownership of risk incident management with the Process Owners and co-ordinating with Country / Group Stakeholders.
• People & Talent
• Close collaboration within the Business Risk Management team, Front Office, Process Owners and cross functional teams such as Operations and Technology. Risk Framework Owners at 2LOD are also key stakeholders for engagements.
• Risk Management
• Continuously evaluate and identify business risks for new products/business, third party engagements and other relevant processes. Drive implementation of appropriate controls to mitigate all risk types for Private Banking, in conjunction with regulatory, thematic and evolving risks considerations such as data management risk, third party risks, fraud risk, financial crime risks, and change management risk.
• Governance
• Responsible for raising risk awareness on business controls, governance and supervision responsibilities amongst relevant staff in the country and ensure an appropriate risk culture in the team he/she supports.
• Display exemplary conduct and live by the Group's Values and Code of Conduct.
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Lead the Business unit to achieve the outcomes set out in the Bank's Conduct Principles: [Fair Outcomes for Clients; Financial Crime Compliance; The Right Environment.]
• Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
• PRA/FCA/MAS (Regulators) prescribed responsibilities and Rationale for allocation
• Head, Business Risk Management Private Banking, WRB Singapore
• PvB COO, WRB Singapore
• Regional Head, Private Banking Singapore
• PvB SG Front Office and Operations Teams
• Country & Group WRB Compliance
• Country WRB Operational Tech & ICS Risk
• Business Risk Management, WRB Singapore & Group
• Embed Here for good and Group's brand and values in Singapore Private Bank;
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures;
• Our Ideal Candidate
• Bachelor's degree in Accountancy, Banking, Risk Management, Finance, or a related field.
• 8+years of experience in business or operational risk management, preferably with strong experience in Private Banking.
• Strong understanding of data protection, third party risk regulations and standards.
• Excellent analytical, problem-solving, and communication skills.
• Experience in cross functional risk issues identification, assessment and management.
• Strong risk reporting and risk paper writing skills.
• Strong analytical skills, detailed focus with ability to multi-task, and keeping to timelines.
• Strong time management and prioritisation ability
• Possess problem solving skills, with good judgement and good negotiation skills to deal with multiple stakeholders.
• Relevant experience with process design/project management would be an added advantage.
• Ability to work independently and manage multiple priorities, take lead in risk management.
• Role Specific Technical Competencies
• Business Risk
• MAS regulatory requirements
• Issue Management and Resolution
• Analytics
• Excel skills and Power point skills
• Project Management
• About Standard Chartered
• We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do be

Additional Information

Job Summary - The role of Assistant Director, Business Risk Management Private Banking WRB SG, is responsible for identifying, assessing and managing the end-to-end process risks for assigned processes within Private Banking, Singapore. He/She is also responsible for overseeing the proper execution of the processes in line with standards set out by the Global Processes and Risk Framework Owners and Group-wide / Local Regulations.

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