Executive Director - Business Risk Manager - Digital Assets (UK or Singapore)
Job Summary This role could be based in UK and Singapore. When you start the application process you will be presented with a drop down menu showing all countries, please ensure that you select a country where the role is based.
The Financing & Securities Services (FSS) business has a unique footprint in Asia, Middle East, and Africa, and offers a growing range of products, such as direct custody, international custody, funds services, trustee services, transfer agency, prime services, and agency securities lending, to several client sectors including banks, investors, intermediaries, sovereigns, fund managers insurance companies and corporates. FSS also offers digital assets to its client’s base, which can be in pure digital native form or a hybrid with traditional FSS products.
The jobholder is part of the COO FSS world responsible for identifying, assessing, mitigating and remediating business risks with potential financial, operational and reputational consequences. Responsibilities include providing the business with a line of sight to business risks through managing the risk register and quantification of risks, as well active risk mitigation and remediation. Also responsible for ensuring appropriate escalation of risks as required in line with ERMF.
The jobholder will also focus on the risks for Digital Assets, and provide business risks coverage for FSS Europe/America and Africa & Middle East.
Role will report into FSS COO.
Key Responsibilities Strategy
- Awareness and understanding of CIB, COO and FSS’s strategy
- Awareness and understanding of FSS business, economic and regulatory/market environment in which the Group Operates.
- Responsible for the non-financial risk management of FSS business
- Responsible for continuously developing a team of strong risk managers.
- Responsible for leading through example and building the appropriate culture and values. Sets appropriate tone and expectations for the team and work in collaboration with risk and control partners.
- Responsible for leading and supporting a change in mindset, building a culture of client centricity, agility, and accountability through standardised metrics and measurement.
- Responsible for driving training and communications to promote awareness and continuous learning for risk control and governance aspects.
- Responsible for ensuring the provision of ongoing training and development of people and ensure that holders of all critical functions are suitably skilled and qualified for their roles ensuring that they have effective supervision in place to mitigate any risks
- Responsible for managing FSS business risk. Ability to connect the themes and issues across the products, functions and locations.
- Responsible for monitoring control execution trends and internal/external events to proactively identify non-financial risks. Identifies sources of risks through changes in the external environment, new regulation, new products, changes to business strategy, incidents, reviews and other measures of control effectiveness.
- Responsible for performing reviews and assesses risk metrics (losses, near miss incidents, control effectiveness data in order to identify top themes and trends.
- Responsible for driving end to end risk assessment initiative to proactively identify and remediate control weaknesses.
- Responsible for ensuring that when processes change, controls and monitors are fit for purpose and redesign where necessary.
- Responsible for periodically reviewing controls and ensuring they are fit for purpose, rationalizing and simplifying control monitors, where possible.
- Responsible for leading the design and implementation of new controls and monitors required to fulfil new internal policy/regulatory requirements.
- Responsible for leading the completion of RCSAs within the FSS Process Universe.
- Responsible for completing high quality and timely risk documentation - top risk profiles, residual risk assessments, risk treatment plans for material risk events elevated residual risk treatment plans, management action plans, risk committee papers.
- Ensure any material issues are escalated directly to the Head/COO of the FSS business in a timely manner when required i.e. Significant risks, regulatory breaches, significant conduct issues, capacity or capability issues, client complaints (top tier clients), Client Asset protection issues, material organizational changes, transfers of activities and/or incremental costs to FSS through outsourcing
