Executive, Risk Management

IFAST CORPORATION LTD.; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A fintech platform in Singapore is looking for a Risk Management Executive to develop and implement risk management strategies. This role involves assessing risks, creating reports, and collaborating with various departments. Candidates should hold a First Class or Good Honours Degree in Economics, have experience in Operational Risk, and possess strong data analytics skills. Effective communication in both English and Chinese is preferred. A dynamic attitude and ability to thrive in a fast-paced environment are essential.

Qualifications

• Experienced in Operational Risk with knowledge of third-party risk.
• Proficient in data analytics tools and programming languages.
• Excellent command of spoken and written English, conversant in Chinese.

Responsibilities

• Support the development of risk management plans.
• Lead risk control self-assessment programs.
• Produce reports on key risk areas and performance trends.
• Conduct stress tests and scenario analyses.

Skills

Operational Risk management

Data analytics skills

R Programming

SQL

Strong communication skills

Analytical skills

Interpersonal skills

Education

First Class/ Good Honours Degree in Economics

Job description

iFAST Corporation Ltd is a global digital banking and wealth management fintech platform headquartered in Singapore and listed on the SGX-ST Mainboard. The Risk Management department is seeking an inquisitive Risk Management Executive to join our team to collaborate with departments to champion risk management initiatives and continue to build on our risk-aware culture.

Responsibilities

• Support the development of risk management plans through the establishment of robust enterprise-wide risk management policies and processes, and sets risk limits to guide risk-taking within the Group
• Contribute to the overall success of the Risk Management function through delivery of specific goals, plans in support of business strategies and objectives
• Lead risk control self-assessment program through implementation of the scope review of the significant business units & processes, identify and assess risk areas, advise on the design of risk controls, monitor and coordinate updates of remediation action plans to mitigate the risks areas identified
• Lead and partner the business lines and support functions to ensure risk metrics and risk appetites are defined, documented and applicable thresholds justified through rationales for principal risks
• Participate, partner with and provide ‘sounding board’ guidance to the business lines and control and support units to ensure new initiative sponsors assess risks appropriately
• Produce regular reports highlighting key risk areas, including market, credit and liquidity risk measures, and key performance trend, contribution and attribution analytics to portfolio managers, senior management, Investment Committee and Board
• Perform stress test or scenario analysis on portfolio or company-wide level.
• Participate in Scenario Analysis through documentation and research of relevant internal and external operational loss events
• Provide input/support in the development and communication of processes to support policy implementation
• Identify and address opportunities for improving controls and efficiencies of processes
• Be involved in the user requirement studies and user acceptance test for risk and performance systems
• Assist Team Leads and Management with ad-hoc requests

Requirements

• Graduated with First Class/ Good Honours Degree in Economics
• Candidate is expected to have direct experience in Operational Risk, particularly third party risk
• Good command of spoken and written English and conversant in Chinese to liaise with Chinese speaking associates
• Possesses data analytics skills, including knowledge of R Programming and SQL
• Possess a high level of drive and initiative, strong communication, analytical, quantitative and interpersonal skills
• Independent, driven, resourceful and meticulous
• Enjoys multi-tasking in a fast-paced environment