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Head of Risk Management Asia

11 days ago: Banque Pictet & Cie SA

Job Description

Mission

The Asia Head of Risk Management is responsible to oversee the Pictet risk management activities across Asia (Singapore and Hong Kong), acting as a second line of defence.

This consists in identifying, analysing, monitoring and reporting business, financial and operational risks. The Head of Risk Management is also expected to be familiar with and able to understand risk dynamics across Pictet.

The role will functionally report to the Group Head of Risk Management and locally to the Singapore Chief Executive Officer.

Responsibilities

You will be accountable for:

  • Managing the Asia risk management team (two Risk managers) and to ensure proper coordination with Business risk teams and stakeholders across the Group
  • Implementing and maintaining local risk policies and risk tolerance statements for Asia, in adequacy with Pictet standards, Group risk policies and local requirements
  • Promoting a sound risk and conduct culture (risk awareness and trainings, balance scorecard, etc.)
  • Maintaining an adequate Risk Management framework for Asia, including risk identification, assessment, measurement and controls – This would include, amongst other things:
    • maintaining a risk register and relevant key risk indicators
    • implementing and performing second level/monitoring controls, where deemed necessary, for risks identified (e.g., fraud risk, operational incidents, etc)
    • propose remedial actions / mitigating measures for risks identified or change in regulations for areas under responsibility
  • Presentations to governing bodies (e.g. Board, risk committees)
  • Communicate on an ad-hoc basis with the Monetary Authority Singapore
  • Adopting a forward-looking approach to better identify and anticipate emerging risks
  • Keeping abreast with developments in the local market/Asia banks, including:
    • Keeping abreast of business developments, being close to the main stakeholders and advise/assist the Business lines in the identification and management of risks
    • Keeping abreast of new/amended regulations (more specifically for areas covered)
    • Participating, where relevant, to industry seminar/conferences on risk management, including industry network/intelligence

Profile

Rigorous, analytical, honest and independent while having a curious mindset, you know how to show initiative and commitment. You show a keen interest in all risks related matters and will be able to uphold and enforce the internal guidelines strictly, while developing a collaborative approach with the business and other departments.

  • Sound understanding and knowledge of wealth management industry, financial background (credit, ICAAP) and regulatory landscape
  • Strong influential and collaborative skills to get jobs done
  • Independent, initiative driven, solutions oriented, able to propose improvement ideas
  • Team player, able and willing to share and continuously contribute to the risk team’s success
  • Good communication skills (oral and written) and hands-on attitude

Experience

  • At least 10 years’ experience in a similar position in the private banking industry
  • University level / Business school in Economics or business fields. Risk Management certification (e.g., FRM) would be a plus
  • Strong knowledge of risk management processes
  • Understanding of regulatory requirements for wealth management business, operational and financial risks
  • Expert use of Microsoft applications and BI tools (Business Object, Tableau)
  • Fluent in English. Chinese (Mandarin, Cantonese) and French a plus

Note

We will not accept any CVs via agencies


Mission The Asia Head of Risk Management is responsible to oversee the Pictet risk management activities across Asia (Singapore and Hong Kong), acting as a second line of defence. This consists in identifying, analysing, monitoring and reporting business, financial and operational risks. The Head of Risk Management is also expected to be familiar with and able to understand risk dynamics across Pictet. The role will functionally report to the Group Head of Risk Management and locally to the Singapore Chief Executive Officer. Responsibilities You will be accountable for: Managing the Asia risk management team (two Risk managers) and to ensure proper...