Group Risk/OR Associate Director, Global Private Bank
4 months ago
Representing the AA-fitch rating and the most established Global Private Bank with total AUM of USD 700 billion to search for OR Associate Director.
Job Duties- As part of the Regional Group Risk, holding full accountability in the 2nd line of defense.
- Accountable for reviewing the risk framework and testing OR effectiveness across FTB offices.
- Conduct gap analysis and identify effectiveness of controls by working in collaboration with BR/1st line.
- Manage periodic risk reporting and facilitate any remediation issues along with compliance and external auditors.
- Advise and consult senior management across the region & headquarters on new product/business initiatives to ensure the fulfilment of regulatory reporting and corporate governance.
- Well qualified graduate in Accounting, Risk, or related discipline.
- 6 years+/- Big4 audit/OR risk management experience earned from an international bank.
- Good understanding of private wealth management business/processes is highly essential.
- Knowledge of HKMA/SFC regulatory requirements is a definite advantage.
- Adaptive to working in a multi-cultural environment.
- Strong stakeholder management and consultation experience.
- Oversight of Liquidity, Treasury & Market Risk.
- Bank-wide Asset & Liability Management.
- As part of the Regional Risk Management Team, support ALM Committee.
- Continuous review of Market risk, liquidity risk, and counterparty risk management framework to ensure fulfilment of group policies and HKMA/MAS regulatory requirements.
- Conduct daily monitoring and reporting of market risk, counterparty credit, and liquidity risk positions.
- Assume 1st line or 2nd line of technical risk assessments, driving risk mitigation, tracking, and reporting.
- Ensure compliance with HKMA / SFC regulatory requirements and Corporate Governance.
- Identify technical risk and implement control measures by collaborating with group & regional stakeholders across IT, security, risk, audit, and compliance departments.
- Accountable for identifying potential investment/OR risk by working closely with portfolio management/investment teams, tech/operations, legal & compliance departments.
- Conduct periodic risk assessment/stress tests to ensure fulfilment of regulatory and corporate governance.
- As part of the regulatory & central compliance team for the HK branch, accountable for staff licensing, employee trading activities, and monitoring entertainment & gift activities.
- Advise business and internal stakeholders on related HKMA regulatory issues.
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