Principally responsible for establishing and implementing the risk management framework to identify, monitor and manage the risks of the financial institution.
Responsible for the direct oversight of the Company's risk management for Credit, Operational & Technological Risks and Asset-Liability Management. This would include the implementation of the risk framework, policies and procedures of the Company.
Undertake management of staff under his direct control and ensure that their training is adequate to enable them perform their job at the expected level of competency.
To formalize and implement the enterprise wide risk management framework and risk governance to manage and control of all aspects of risks including credit, operational & technological risks and asset-liability management. To articulate the risk appetite for the company for the Board's approval and formalize and refine the risk appetite framework. To recommend appropriate Management Trigger Actions ("MAT") for the respective risk type, which are in alignment with the approved risk appetite for the Company. To identify, monitor, evaluate the Company's risk exposure and recommend strategies and procedures in mitigating these risks. To assist to implement, and perform annual review and update of, risk management policies and procedures. To co-ordinate the annual assurance to the Board that the system of internal control and risk management system are adequate and effective. To design risk management training for operational units. To serve as a member of Assets & Liabilities Committee, Credit Portfolio Committee, Credit Control Committee, Operational & Technology Risk Committee and IFRS 109 Committee. Secretary to the Board Risk Management Committee.
(Secretary to Assets & Liabilities Committee and Credit Portfolio Committee in the absence of a permanent Asset-Liability Management officer and Credit Risk officer)
Apart from the risk appetite, MATs and limits as well as the review and update of the risk management policies and procedures for all the risk type, the following are specific tasks under the respective risk type.
To work together with the Marketing team to review and update the Lending Guidelines. To review the stress test framework and methodology and supervise the performance of the credit stress tests assumptions and results. To review the reports for the Credit Portfolio Committee and the analysis performed. To keep abreast with the external credit landscape and provide market intelligence, if possible, and credit alerts, where necessary. To level up the credit risk management skills and culture for the company, by rationalizing with respective RMs on the credit assessment for their credit proposal. On a transaction level, to review and comment on loan proposals/renewals that deviate from the Company's Lending Guidelines, as well as credit proposal where the loan quantum is above S$5m.
Market & Liquidity Risk
To review the reports for the Asset & Liabilities Committee and the analysis provided.
To review the stress test assumptions and methodology and supervise the performance of the liquidity stress tests results.
To review the stress test assumptions and supervise the performance of the interest rate stress tests results. To review and update the Contingency Funding Plan and co-ordinate the testing of the plan.
To review the operational risk reports for the Operational and Technology Risk Committee. To oversee the operational risk and control self assessment process and where applicable propose action plan to mitigate the residual risk. To review the investigation of the Operational Loss event and ensure adequate follow up actions are taken, where applicable. To review and update the Business Continuity Management framework and plan and supervise the testing of the BCP (BCP Split Operations, BCP Call Tree Exercise) To ensure that the new product program process are in place. To maintain an oversight of feedback / complaints received against staff.
Suss Vendor risk and ensure that it is in compliance with MAS Outsourcing guidelines.
Working Committee Representative to CBS and maintained the access granted to users.
Internal Number: 5205315
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