The role of Associate Manager, Business Risk Management, Wealth and Retail Banking Singapore (WRB SG) is responsible for identifying, assessment and management of the end-to-end process risks for assigned processes within Wealth and Retail Banking, Singapore. He/She is also responsible for overseeing the proper execution of the processes in line with standards set out by the Global Process and Risk Framework Owners and Group-wide / Local Regulations.
Role Responsibilities
Identification and management of end-to-end processes defined by the WRB Process Universe and associated risks for the activities carried out by the business. Collaborating with Country Process Owners in risk management, providing support on risk assessments, proactive thematic reviews and audits management.
Continuously evaluate and identify operational risk implications of business strategies and initiatives, changes and provide guidance on operational risk impact and remedial actions.
Ensure adherence to Business Risk Management Objectives and Key Results including Operational risk KPIs of timely escalation and reporting, timely execution of risk assessments, management of risk issues and timely completion with no overdue.
Taking ownership of risk incident management with Process Owners and co-ordinating with Country / Group Stakeholders.
Collaborate within Business Risk Management team, Process Owners/Cross functional teams such as Business and Operations teams, Technology teams from 1LOD. Risk Framework Owners at 2LOD are key stakeholders for strong engagements.
Continuously evaluate and identify business risks for Wealth Solutions that includes new products/business, wealth operations and any related wealth processes. Drive implementation of appropriate controls to mitigate all risk types for WRB, in conjunction with regulatory, thematic and evolving risks considerations within Wealth Solutions.
Responsible for raising risk awareness of business controls, governance and supervision responsibilities amongst relevant staff in the country and ensure an appropriate risk culture in the team he/she supports.
Liaise and coordinate in audit reviews.
Display exemplary conduct and live by the Group's Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Our Ideal Candidate
Skills & Experience
2+ years of experience in risk management in Wealth Management with strong understanding of sales and suitability, wealth operations, wealth systems, processes and risk governance
Good understanding of FAA and SFA regulations and requirements
Relevant experience with process design/project management
Excellent analytical, problem-solving, writing and communication skills with detailed focused capability to multi-task
Strong time management and prioritisation ability to deliver within required timelines
Strong ability to execute and deliver the requirements with high quality outcomes
Possess problem solving skills, with good judgement and good negotiation skills to deal with multiple stakeholders.
Experience in cross functional risk issues identification, assessment and management with multiple stakeholders.
Ability to work independently and manage multiple priorities, take proactive lead in risk management
Qualification
Bachelor's degree in Banking, Risk Management or a related field.
Role Specific Technical Competencies
Wealth Management
Data Management Risks
Third Party Risk E.g. Retail Product Partnerships
Risk reporting and Risk Paper Writing Skills
About Standard Chartered
We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.
Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.
Together we:
Do the right thing
and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
Never settle,
continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
Are better together,
we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
What we offer
In line with our Fair Pay Charter,
we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
Core bank funding for retirement savings, medical and life insurance,
with flexible and voluntary benefits available in some locations.
Time-off
including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
Flexible working
options based around home and office locations, with flexible working patterns.
Proactive wellbeing support
through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture
to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
Being part of an inclusive and values driven organisation,
one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.
Visit our careers website www.sc.com/careers
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