Associate Vice President Risk Manager - Wealth Management

Fuku; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

A major financial institution based in Singapore is seeking a qualified individual to join as a key contributor to establish the Conduct & Control Department. This role encompasses responsibilities such as investigating operational risk incidents, ensuring effective escalation to management, coordinating stakeholders, and producing detailed reports on incidents. Candidates should have significant experience in operational risk management and strong stakeholder collaboration skills, along with excellent analytical and communication capabilities.

Qualifications

• At least 5 to 8 years of relevant experience in Operational Risk or related functions.
• Proven experience in operational incident investigation.
• Strong data analysis skills and ability to work on dashboard reporting.

Responsibilities

• Investigate and analyze operational risk incidents.
• Ensure timely escalation of incidents to Senior Management.
• Coordinate between stakeholders for incident matters.
• Produce incident reports and trend analyses.
• Participate in annual Enterprise Risk Assessments.

Skills

Risk control frameworks

Stakeholder management

Analytical skills

Data analysis

Job description

Overview

The role is focused on establishing the Conduct & Control Department as a proactive business partner and a key contributor to the Bank’s business strategy. Acts as the first line of defense to ensure risk-based, sustainable, and efficient strategies are implemented to address Operational, Business, and Conduct risks in the APAC region. Works closely with the Wealth Management (WM) business in APAC to manage and mitigate risks.

Primary Role Responsibilities

The candidate will support the Head of Governance, Advisory & Surveillance, WM APAC Conduct and Control, in maintaining a robust risk framework for Operational and Business risks in collaboration with WM in APAC (Hong Kong and Singapore). The position is based in Singapore and operates within the first line of defense (1 LoD).

Key Responsibilities

1. Incident Investigation and Analysis - Ensure timely lodging and escalation of incidents. Lead and coordinate in-depth investigations of operational risk incidents across Wealth Management in Singapore and Hong Kong. Conduct structured fact-finding and evidence analysis to determine root causes and contributing factors. Assess downstream and upstream impacts, ensuring proposed actions address immediate, past, and future issues. Evaluate the adequacy and effectiveness of remediation actions and preventive measures. Perform trend analysis to identify opportunities to strengthen the control framework.
2. Escalation and Governance - Ensure timely escalation of incidents to Senior Management in accordance with defined thresholds and governance requirements. Prepare clear and concise incident summaries, analyses, and reporting materials for management and governance committees (e.g., ICC, ORCC).
3. Stakeholder Coordination - Serve as a key coordination point between Front Office, Operations, Compliance, Legal, Finance, IT, and other stakeholders for incident matters. Liaise with Head Office and regional counterparts to ensure consistency in incident handling and alignment with Group expectations. Facilitate effective ownership and accountability for incident remediation.
4. Reporting and Continuous Improvement - Produce incident reports (e.g., quarterly reporting) and trend analyses for management. Contribute to the review and enhancement of incident-related procedures, escalation matrices, and governance frameworks. Support internal audits, inspections, and ad-hoc risk reviews related to operational incidents. Assist in various risk reporting requirements for different forums and to Head Office.
5. Risk Assessment and Reporting - Participate in the review and collation of annual Enterprise Risk Assessments, such as Risk Cartography Self-Assessment and Risk Identification.
6. Ad Hoc Projects - Undertake ad hoc projects as assigned by the Head of Conduct and Control – Governance, Advisory and Surveillance.

Requirements

• Strong understanding of risk control frameworks and operational risk management.
• Excellent stakeholder management and collaboration skills.
• Structured, detail-oriented, and methodical approach to work.
• Strong analytical skills with the ability to assess and articulate risk impacts.
• Excellent written and verbal communication skills, with the ability to present investigation findings clearly and concisely to governance forums.
• At least 5 to 8 years (or more) of relevant experience in Operational Risk, Incident Management, Internal Control, Audit, or related risk functions, preferably within private banking or wealth management.
• Proven experience in operational incident investigation, including fact-finding, timeline reconstruction, root cause analysis, and remediation assessment.
• Sound understanding of Operational Risk Management frameworks, internal controls, and governance within the private banking sector.
• Strong data analysis skills, with the ability to work on various dashboard reporting for Management and investigative work.