Assistant Vice President -Risk & Control – Global Asset Services recruitment
Duties Responsibilities:
The candidate is primarily responsible for both proactive identification and remediation of key operational risks within Asset Service Utility, ensuring compliance with the Bank’s internal and external regulatory requirements.
The Risk Control Team acts as a Single Point Of Contact (SPOC) to the management of Asset Services for all issues related to Risk Control.
The role entails the following key duties:
Data Analysis:
• The collation and analysis of KPI’s and KRI’s across all functions to identify hot spots and underlying trends. Escalate to management appropriately.
• Capture and analysis of control incidents.
• Design and Development MIS requirements in conjunction with the MIS team
• Publishing of weekly, monthly, quarterly and annual MIS and accompanying commentary.
Control:
• Data driven design and development of controls
• Back testing and review of controls to ensure quality control of processes and procedures and robustness of controls
• Stakeholder in the outputs of RTB/CTB/SME teams
• Active partner in remediation and liaison with Asset Services functions across locations
Governance:
• SPOC for internal and external stakeholders
• Responsible for best practice with regard to control within Asset Services
• Ensures compliance with DB control policies and procedures e.g. STARC including review and testing of procedures; incident reporting.
• Provider of Control Training to raise control awareness within Asset Services
• Application of regulatory and market regulations to Asset Services day to day processing.
Risk:
• Facilitate risk meetings to review key risk indicators (depot, nostro etc) and to set performance targets for key processes
• Investigation with the line to perform root cause analysis
• Design of remediation procedures.
• Implementation and supervision of procedures.
• Preparation of provisioning including liaison with business and BAC
• Liaison with Front Office, BAC TMG in relation to risk items
Assist the VP Risk in enhancing the Risk awareness culture and managing the Ops risk function.
Experience / Requirements:
The individual is required to be both tenacious and assertive to ensure that operational risk is both understood and minimised within Asset Services. This will require the person to elicit information at a detailed level and to be able to understand and communicate the impact on the risk and control environment.
The individual needs to have proven analytical skills and in this respect audit or accountancy experience would be a distinct advantage.
The individual needs to have a detailed, front to back knowledge of at least one function within Asset Services (WHT, Dividends or Corporate Actions).
Working as part of a global team, the individual is expected to be self motivated, proactive and keen to drive change with responsibility of their location. Attention to detail and the ability to develop and follow a structured logical methodology are key attributes. The individual will be expected to demonstrate progress towards the objectives of Asset Services Risk and Control in relation to the location for which they are responsible.
The successful candidate is required to have excellent written and verbal communication skills and cultural awareness to be able to deal with all levels within the organisation across various locations.
The successful candidate is required to deliver to deadlines and to contribute to the successful delivery of individual and team objectives. Finally, through a professional, results orientated approach the individual is expected to contribute in the building of our franchise.
The successful candidate will need to be adaptable and flexible as the demands of the work and role evolves.
Working well under pressure the individual must have excellent time management skills as the role will demand the individual to prioritise and multitask extensively.
The individual is required to be both tenacious and assertive to ensure that operational risk is both understood and minimised within Asset Services. This will require the person to elicit information at a detailed level and to be able to understand and communicate the impact on the risk and control environment.
The individual needs to have proven analytical skills and in this respect audit or accountancy experience would be a distinct advantage.
The individual needs to have a detailed, front to back knowledge of at least one function within Asset Services (WHT, Dividends or Corporate Actions).
Working as part of a global team, the individual is expected to be self motivated, proactive and keen to drive change with responsibility of their location. Attention to detail and the ability to develop and follow a structured logical methodology are key attributes. The individual will be expected to demonstrate progress towards the objectives of Asset Services Risk and Control in relation to the location for which they are responsible.
The successful candidate is required to have excellent written and verbal communication skills and cultural awareness to be able to deal with all levels within the organisation across various locations.
The successful candidate is required to deliver to deadlines and to contribute to the successful delivery of individual and team objectives. Finally, through a professional, results orientated approach the individual is expected to contribute in the building of our franchise.
The successful candidate will need to be adaptable and flexible as the demands of the work and role evolves.
Working well under pressure the individual must have excellent time management skills as the role will demand the individual to prioritise and multitask extensively.
Professional and Personal Qualifications:
Educated Degree (or equivalent). Accountancy / audit qualification is an advantage.