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

Bachelor's degree

Minimum 7 years of experience preferably in financial institutions

Risk and control experience, and able to manage risks well in a large operations setting. Added experience in controls, running / interfacing audits and in operational risk management

Strong knowledge of banking regulatory requirements and international practices / guidelines such as Sanctions, FATCA / CRS

Able to work effectively with all levels of staff and stakeholders

Strong analytical and problem-solving skills

Good communication and presentation skills

Motivated, driven, can work under pressure and able to complete task given within the given timeline

Have a strong organization belonging, team player and willing to share knowledge

Positive attitude, willingness to learn and motivated to find solutions to the problem

A self-starter, able to think-out-of-the-box, meticulous and possess a continuous improvement mindset

Good working knowledge in using Microsoft suite of products such as Powerpoint, Excel

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