Risk Manager M/F

CACEIS-Gruppe; Singapore; On-site; SGD 120,000 - 180,000; Full time

Benefits offered by this job

Total rewards program

Coaching and mentoring

World-class training program

Job summary

CACEIS Bank Singapore Branch is seeking a Local Risk Officer (LRO) to lead risk management for the Singapore branch. You will implement core risk framework pillars, oversee credit and counterparty risks, and ensure regulatory reporting and audits are handled in line with Group guidelines.

The role reports to the RCRO and Country Managing Director, with support from Group risk functions, focusing on governance, risk controls, and regulatory compliance within a multinational asset-servicing group.

Qualifications

• English language proficiency is mandatory.
• Ability to analyze complex risk data and report findings clearly.
• Experience in risk management within banking/financial services preferred.

Responsibilities

• Support the delivery of the bank's risk framework across credit, counterparty and operational risk.
• Manage local branch credit and counterparty risks and reporting.
• Represent the branch to regulators and ensure regulatory risk reports are delivered.
• Oversee human resources and activity management for the branch.

Skills

Strong English

Analytical skills

Time management

Interpersonal skills

Ability to work under pressure

Education

Bachelor Degree / BSc or equivalent

Tools

Excel

VBA

SAS

Job description

Types of Jobs - Compliance / Financial Security

Contract type

Permanent Contract

No

Job summary

What is the Opportunity?

As the Local Risk Officer (LRO) of the branch in Singapore, you will have the following responsibilities:

• As part of the creation of CACEIS Bank Singapore Branch ("the Branch"): support the delivery of core pillars of the risk framework in all its components, including credit and counterparty risk and operational risk.
• As part of the Branch's ongoing activities: manage the credit and counterparty risks, operational risks in conformity with the Group guidelines and procedures.
• Represent the company externally, in particular ensure relationships with the Regulator, Market Authority of Singapore (MAS) and notably, deliver the regulatory risk reports which are not centrally produced by the Group Risk functions, answer to prudential audits, inspections, etc.
• Human resources and activity management

What will you do?

The LRO will report hierarchically to the Regional Chief Risk Officer (RCRO) and functionally to the Country Managing Director of the Branch.

The LRO will benefit from the support of the RCRO as well as the Group functions in credit and market risks (MCR), Operational Risks (ORR), Data Management/Pillar I Reporting and in Enterprise Risk Management (ERM).

Set up of the risk framework of the Branch
This will include:

• The deployment of the Group MCR and ORR procedures locally applicable and their adaptation if needed
• The creation of committees which are part of the Branch’s governance and where Risk has a central role: Risk and Compliance Committee (RCC); Supervisory Committee; Provision Committee, etc.
• Making sure the IT applications which are needed to run and manage all risks are up and running: risk reports production, ORR tools (Matrisk, PCAT)
• The risk culture training for the staff of the Branch

Credit and counterparty risks
The LRO will be in charge of:

• Writing the credit files destined to local and/or group RCC for the clients of the Branch requesting limits
• Implementing the RCC decisions in the systems (input of limits) and following up credit conditions
• Performing controls: payment authorization, excess of limits, unauthorized exposures
• Reporting: default, Early Warning Indicators, risk reviews to local and/or group committees, etc.

Operational risks
The LRO will be in charge of:

• Risk mapping and control plan of the Branch in association with the Business Lines
• Performing the controls which fall under risk responsibility
• Incident management: detection, follow up, closing, accounting
• Creation of action plans, follow up and reporting. Activation of alert procedure
• Outsourcing: formalization of outsourcing registry, setting up the outsourcing framework of the Branch

Representative roles in the local market
The LRO will be in charge of:

• Representing the risk function towards the local banking authorities
• Delivering the requested regulatory risk reports to the MAS
  Contributing to the other reports where there is a risk component

#LI-SK

Supplementary Information

Human resources and activity management

At inception of the Branch, the LRO will not have a team to manage. However, the LRO will have to show related skills in order to:

• Promote synergies and encourage the support of actors with different logics or priorities
• Coordinate multiple stakeholders in complex contexts and constraints (multicultural, multi-country, multidisciplinary team or team of experts, etc.)
• Anticipate and manage risks within his/her scope of responsibility
• Develop, enhance and follow quality of ser

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including performance based bonuses, flexible benefits, and competitive compensation.
• Leaders who support your development through coaching and managing opportunities.
• A world-class training program in financial services.
• A collaborative dynamic culture where personal initiative and hard work are recognized and rewarded.

Working hours : 9:00am-6:00pm

City

Bachelor Degree / BSc Degree or equivalent

University degree and/or appropriate designations as risk professional, professional designation in other appropriate areas.

Level of minimal experience

6-10 years

Experience

• A seasoned officer in the risk domains, with preference in the asset servicing industry
• An officer with a broad knowledge of banking in all its components, in particular legal, regulatory, compliance and finance domains
• Accountability, demonstrate initiative, autonomy, flexibility combined with hands-on approach
• At ease in matrixial, multi-geographical organizations, team player, partnership mentality
• Aptitude for accuracy, analytical skills, attention to details as well ability for sound, clear, synthetic and concise opinions /judgement both in oral and written forms
• Excellent proficiency in English
• Strong interpersonal and communication skills
• Time management and organizational skills / ability to meet deadlines and work under pressure

Technical skills required

• Knowledge of MS Office
• Advanced user of Excel
• Knowledge of VBA and SAS are advantages for the position

Languages

English is mandatory, French is an asset.

General information

Entity

CACEIS is the asset servicing banking group of Crédit Agricole dedicated to asset managers and institutional investors.

Through offices across Europe, North and South America and Asia, CACEIS offers a broad range of services covering execution, clearing, forex, securities lending, custody, depositary, fund administration, fund distribution support, middle-office outsourcing and issuer services.

CACEIS is a consolidator in the European asset servicing market and posts sustained growth in its business activities. The group holds €5.3 trillion in assets under custody and €3.4 trillion in assets under administration (figures as of 31 December 2024).

By working every day in the interest of society, we are a Group committed to diversity and inclusion and place people at the heart of all our transformations. All our job offers are open to persons with disabilities.