VP, Risk & Control - Retail Operations

Overview

Executive recruitment firm Monroe Consulting Group's Professional Division is partnering with a leading financial institution known for its innovative drive. Our client is looking for a risk professional to look into rules and regulations relevant to the processing, working closely with the relevant stakeholders to implement and maintain a high standard of operations control and compliance, monitoring through independent reviews and provision of advice on risk matters. Additionally, you will also be involved in the preparation of periodic risk reporting.

Responsibilities

• To lead the Risk and Controls team
• To build a dynamic and proactive strategy in Risks and Controls to ensure robust controls
• Plan, Review and Execute the business directions, goals and strategies for the teams
• Supervise the team's daily operations and meet all set Goals
• Provide guidance, analyse staff capabilities to identify skills gap and arrange for coaching / training to staff in their job performance on a regular basis, when required as part of on-going staff career development and improvement plans
• Track key performance indicators and monitor staff performance against the key performance indicators
• Monitor project milestones to ensure key deliverables and timelines are met
• Perform periodic control tests to identify potential risk issues within the division (Example - KRCSA, AML CSA, Outsourcing Due Diligence)
• Review and track the remediation plans for completion by the agreed due date
• Ensure that any areas of non-compliance or improvements highlighted by the Auditors, Compliance, Risks Management and Regulators are followed up promptly and resolved quickly
• Perform control review (e.g., Control Checklist review)
• Ensure escalations are raised to the appropriate management levels on a timely basis, where required
• Ensure Bank's policies, guidelines, controls and compliance requirements are up-to-date and strictly adhered to
• Manage the Key Risk Indicators at the division level
• Perform Control and Risk related training to staff
• Prepare Business Report to Management
• Ad hoc assignment, business management support and other related activities, as required

Requirements

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