Head of Risk Management

Talentvis; Singapore; On-site; SGD 120,000 - 160,000; Full time

Job summary

A leading risk management firm in Singapore is seeking a Head of Risk Management to oversee the risk management framework. The role requires 10+ years of experience in risk management within the banking sector, particularly in credit portfolio and operational risk. The successful candidate will ensure compliance with regulatory requirements and act as the primary advisor on risk matters, collaborating closely with internal and external stakeholders. This position offers a dynamic environment and competitive compensation.

Qualifications

• At least 10 years of risk management experience in banking sector.
• Strong understanding of MAS regulations and risk frameworks in Singapore.
• Experience in credit portfolio management and operational risk.

Responsibilities

• Oversee credit portfolio management and reporting.
• Lead climate-related risk reporting in line with MAS guidelines.
• Ensure accuracy of MAS reporting requirements.
• Update risk management policies to reflect regulatory changes.
• Supervise the Operational Risk Manager in performing assessments.
• Provide guidance on risk-related matters.
• Respond to audit queries from regulators and internal teams.

Skills

Strong analytical and problem-solving skills

Excellent communication and interpersonal skills

Ability to interact with senior stakeholders

Adaptable to dynamic regulatory environment

Education

Bachelor’s degree in Finance, Accounting, Economics, Risk Management

Job description

Job Overview

The Head of Risk Management is responsible for overseeing the overall risk management framework of the Singapore Branch, ensuring that all business activities comply with regulatory requirements and internal policies. This role excludes credit application approvals but covers credit portfolio management, operational risk, climate risk reporting, regulatory compliance, and risk governance. The individual acts as the primary advisor on risk matters to the branch, liaising closely with the Compliance team, Head Office in Taiwan, and external/internal auditors.

Key Responsibilities

1. Credit Portfolio Management & Reporting

• Monitor and manage the branch’s overall credit portfolio risk.
• Prepare and submit internal reports to Head Office and external reports to regulators.
• Identify credit concentration risks, portfolio trends, and potential vulnerabilities.

2. Climate Risk Management

• Lead the branch’s climate-related risk reporting in line with MAS guidelines and Head Office requirements.
• Develop frameworks for assessing environmental and sustainability risks in lending and portfolio exposure.

3. Regulatory Reporting

• Oversee and review MAS reporting requirements, including half-yearly submissions.
• Ensure accuracy, timeliness, and compliance with Singapore’s banking regulations.

4. Policy & Risk Framework Governance

• Conduct periodic reviews of internal risk management guidelines.
• Update policies and procedures to reflect regulatory changes, industry best practices, and Head Office instructions.

5. Operational Risk Oversight

• Supervise the Operational Risk Manager in performing risk assessments in areas such as:
• Self-Assessment of risk controls
• Outsourcing arrangements
• Related-party transactions
• Professional investor classification
• Business Continuity Management (BCM)
• Basel II/III implementation (BIA)
• Act as backup lead for operational risk management when required.

6. Advisory & Risk Support

• Provide guidance and advisory to the Singapore Branch staff on risk-related matters.
• Handle queries from internal teams, Head Office, and regulators.

7. Audit & Compliance Coordination

• Respond to audit queries and compliance reviews from:
• MAS and other regulators
• Internal Audit
• External auditors
• Ensure corrective action plans are executed and tracked.

Candidate Requirements

• Education: Bachelor’s degree in Finance, Accounting, Economics, Risk Management, or related discipline.
• Experience: At least 10 years of risk management experience in the banking sector, covering:
• Credit portfolio management
• Operational risk management
• Climate risk reporting
• Regulatory Knowledge: Strong understanding of MAS regulations and risk frameworks in Singapore.
• Advantage: Experience in market risk management will be considered a strong plus.
• Skills & Competencies:
• Strong analytical and problem-solving skills
• Excellent communication and interpersonal skills
• Ability to interact with senior stakeholders and Head Office in Taiwan
• Adaptable and able to manage in a dynamic regulatory and business environment

Interested candidates are encouraged to submit their resumes along with a cover letter outlining their relevant experience and achievements to [e-mail] or click apply now!

We regret to inform that only shortlisted candidates would be notified.

Talentvis Singapore Pte Ltd | EA License No: 04C3537

EA Personnel Name: Reggie Tiongson | EA Personnel No: R1324767