Business Risk Manager
Our ability to give world-class service and insight is a direct result of the quality of people who make up our Asia teams. A career at Coutts rewards and stimulates exceptional individuals to become the very best they can be.
We partner exceptional people; we need exceptional people.
We are looking for an outstanding candidate to become our Business Risk Manager. The successful applicant will directly to the CoS, Asia and be fully responsible for the successful implementation of the Business Risk Management (“BRM”) framework within the region.
Purpose of the role
The Asia CEO office, consists of a small and dynamic team, is focusing on initiatives that affect Wealth's businesses in Asia. This newly created role within the Asia CEO Office will be responsible for cementing a strong culture of risk awareness within the region and for ensuring a comprehensive and robust risk management framework is in place to support the business in delivering their goals while complying with Group, divisional, and regulatory standards at all times.
Business Risk Manager will be the conduit between the First Line Of Defense (FLOD) and Second Line of Defense (SLOD) of the Bank by seeing to the implementation of risk policies set and owned by the risk functions and, and by seeing that FLOD tests be designed and conducted by the Business Assurance Managers (BAMs) to ensure compliance with policies.
Core Responsibilities
• Be responsible for soundness of the Control Framework and principles on which FLOD Tests are designed and performed by the BAMs within various units of Coutts Asia. The Control Framework is to be kept abreast to all applicable developments in financial services legislation and regulations, codes of best practice and RBS Group Policies.
• Works with the CRO, Asia in the establishment of a common risk management culture across the region in the line with business and regulatory requirements.
• Ensures that all employees are aware of their risk management responsibilities through regular communication and training.
• Work closely with the team of BAMs in Asia in the implementation and maintenance of processes (including systems, tools, MI and general infrastructure) in the business and functions to manage risks and ensure compliance with all Group policies and regulatory requirements, with a view to maximize client service. Driving the team to align their objectives and approach across Coutts Asia, including coaching the BAMs to improve attitudes, behaviours and skills of the team for enhanced performance and results.
• Ensures the team of BAMs performs regular testing and certification of the adequacy and effectiveness of controls and compliance with Group policies and regulatory requirements, reporting the results and conclusions.
• Ensures that risks to which the business is exposed are identified and assessed, and that appropriate mitigation and management measures are implemented by the FLoD in a comprehensive, appropriate and forward looking manner, in accordance with governing principles and the Group Policy Framework.
• Ensures that adequate risk MI is in place to provide timely and accurate reporting on risk issues, exceptions and overall compliance to the CEO, and respective actions are initiated and implemented based on major findings.
• Participates actively in the risk mitigation projects by challenging proposed rules, proposing new ones, and helping to define implementation plan.
• Works with Risk and BAMs and actively engages all stakeholders to achieve good audit ratings in all internal, external and regulatory audits / inspections.
• Collaborates with the Head of Business Risk Management, Coutts International to ensure solution / processes / practices are aligned across Coutts International.
• Management, coordination and delivery of other regular tasks as directed by the line manager.
Experience
• Relevant experience as a business risk, legal, or compliance professional in a private bank or financial services environment (at least 8 years)
• Extensive working knowledge of Hong Kong and Asian regulatory environment
• Proactively ensure business risk management meets the needs of a dynamic market environment
• Thorough knowledge of the Asian countries which constitute Coutts Asia’s key markets, including familiarity with legal, capital markets and cross-border infrastructure of each jurisdiction, as well as knowledge of regulatory, compliance and anti-money laundering regulations
• Prior experience in dealing with regulators, auditors and legal counsels is a plus
• Good understanding of business processes in international financial institutions
• Conversant to industry best practices
• High ethical standards
We offer an excellent total compensation package, learning and development opportunities and a flexible benefit programme designed to help you manage and balance your own work-life priorities.
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