Job Description

The Head of Risk is 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. Responsibilities:

Enterprise-Wide Risk

• 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.

Market & Liquidity Risk

• To review the reports for the Asset & Liabilities Committee and the analysis provided.
• (To provide analysis for the presentation to ALCO and as the secretary to ALCO, in the absence of a permanent Asset-Liability Management officer.)
• 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.

Operational Risk

• 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 SFL staff.

Credit Risk

• 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.

Technology Risk Management (“TRM”)

• Review the risk assessment against the MAS Notice and Guidelines on Technology Risk Management, which includes:
• Work closely with Technology Security to perform detailed risk and controls assessment, examine and strengthen all information and IT technology security compliance control objectives and provides gap analysis and recommendation to Management.
• Annual MAS Technology Risk Questionnaire, performed jointly with Information Services.
• Work with Technology Security to investigate information security violation.
• Work closely with IA and Technology Security to review audit findings.

Requirements:

• Candidate must possess at least a Diploma, Advanced/Higher/Graduate Diploma, Bachelor's Degree, Post Graduate Diploma, Professional Degree, Economics, Finance/Accountancy/Banking or equivalent.
• At least 8 year(s) of working experience in the related field is required for this position.

How to Apply: Interested candidates, please submit your updated resume in MSWORD format by using Apply Now button

*We regret only shortlisted candidates will be notified.*

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