Operational Risk HK, Executive Director recruitment

Position Category: Risk Management

Position Title: Operational Risk HK, Executive Director

Job Level: Executive Director

Location: Hong Kong - Hong Kong

Education Required: Refer to Position Description

Position Description:
Position Description:

Operational risk is, "The risk of loss, or damage to a Firm's reputation, resulting from inadequate or failed internal processes, people, and systems, or from external events." (based on Basel)

Operational Risk Manager (ORM) is an independent risk manager overseeing and ensuring risk management at the Firm level. Scope of risk coverage includes all business lines - Institutional Securities, Investment Management and Global Wealth Management.

This is an Executive Director (ED) role, managing the ORM team in Asia Pacific. The candidate will be based in HK.

Specific responsibilities of the role:

As the Head of Operational Risk Department (ORD) in Asia Pacific, oversight of the regional risk profile and management of the ORD team, is the responsibility of the candidate.

The candidate will have coverage role as a senior ORM in Asia Pacific, to selected business areas or functions (example: Institutional Equities Division). The role requires building strong relationships with business areas to have risk discussions and facilitate operational risk management framework implementation such as:

- Promote awareness of operational risk and risk management best practices
- Capture and analyze operational loss data, and as needed, advise the Business Area in developing effective mitigation steps and controls
- Maintain regular dialogue with business areas to evaluate changes in business environment
- Analysis and reporting of Operational Risk themes, risk levels and focus action items
- Project based involvement on risk management initiatives.

In addition, the candidate is expected to participate in global ORD program enhancement efforts, as one of the senior members of the global team.

Team Structure:
- Operational Risk is a team of approx. 40 staff globally
- A small team will report to the candidate
- The candidate will report to Head of Pan-Asia ORD (located in Tokyo) functionally, and locally to Asia Pacific Chief Risk Officer.

Skills Required:
- Leadership. Managing the team, providing guidance on pro-active risk management, setting direction to deliver results while maintaining versatility as the global OR framework evolves.
- Relationship building and influencing skills, representing the team especially with regional senior management. Given the risk management role, at times, the role requires the ability to ask tough questions or drill down into details, and at the same time maintaining partnership.
- Analytical thinking and experience in risk management functions, or in performing risk assessments.
- The greater the knowledge of financial business, products, processes, risk and control, the more value the person will be able to add to the role.
- It is important to have excellent interpersonal skills and organizational ability, given that coordination is required across global, cross-departmental and across multiple objectives.