Business Risk Manager

Job description

Introduction

We are looking for an experienced Senior Business Risk Manager to join our Business Risk Management team in the First Line of Defense (FLoD). This position offers an excellent opportunity for a proactive risk management professional to drive excellence and shape the future of our risk culture.

Main tasks and responsibilities

• With advanced knowledge in Business Risk, you will support the continuous development and improvement of a comprehensive risk and control assessment for all aspects of risk within the Private Banking FLoD, including the effective monitoring of the testing program (annual review of the PB Control Blueprint).
• Responsible for ensuring that a comprehensive risk-based control monitoring program is in place across the function that demonstrates the adequacy and effectiveness of key controls. Review to revise or develop (if necessary) existing processes and controls to achieve greater efficiency and effectiveness.
• Performs more complex business controls and monitoring in various areas with a focus on tasks/cases such as investment suitability, cross-border transactions, fraud prevention, etc.
• Assists the Head of BRM in preparing regular and ad hoc reports for the Operation Risk Committee etc. on the status of control tests, observations, findings and proactively comes up with recommendations.
• Supports and conducts thematic reviews, special investigations (if required) and prepares reports on analysis with observations, root causes, consequence management (if required).
• Leads and manages projects (if required) across various departments and stakeholders to implement changes, improvements and is accountable for the outcome of the implementation.
• Supports the PB COO and Head of BRM on initiatives to promote risk awareness in the front office, e.g. designing training programs, supporting risk culture training, one-on-one coaching, etc.
• Works with internal stakeholders and 2LOD stakeholders (Operations Risk, Compliance, etc.) to identify, assess and mitigate risks across business operations and ensure appropriate controls are in place or remain relevant and effective.
• Responsible for proactively escalating, reporting, advising and challenging existing processes in relation to Private Banking business activities.
• Manages the FLoD risk map and ensures proper tracking, execution and integrity of the map. Manages the process for exceptions/challenges to the risk map and obtains necessary approvals from relevant stakeholders and approvers.
• Supports and advises front office staff on investment related/suitability activities to ensure compliance with internal policies and procedures and local regulatory requirements.
• Builds strong relationships and credibility with key internal stakeholders.
• Provides guidance to junior team members and new employees and may supervise or oversee BAU tasks (e.g. perform quality check, risk map impact assessment, etc.).
• Assists the PB COO and the Head of BRM in processing and responding to audit queries and audit observations.
• Performs other duties within Business Risk Management or as directed by the PB COO and/or Head of Business Risk Management.

Requirements

• Bachelor's degree or higher in business administration, finance, economics or related fields.
• 6 years or more experience in the finance or banking industry.
• Previous experience with general risk management, including control frameworks, is preferred.
• Understanding of products and the regulatory banking environment.
• Experience in communicating with internal business partners.
• Proven ability to work autonomously, multi-task and prioritize tasks.