Risk Manager M/F

Crédit Agricole Group; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Crédit Agricole Group Singapore Branch seeks a Local Risk Officer to lead risk management across credit, counterparty and operational risk, reporting to the RCRO and the Country Managing Director. You will set up the risk framework locally, ensure timely regulatory reporting to MAS, and coordinate with Group functions.

The role involves risk mapping, committee governance, and oversight of risk controls to protect the Branch and clients.

Responsibilities

• Support delivery of the risk framework locally, including credit, counterparty and operational risk.
• Manage credit, counterparty and operational risks in line with Group guidelines.
• Represent the company externally to regulators and authorities, deliver regulatory risk reports to MAS and respond to audits.
• Human resources and activity management for the Branch.

Job description

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 tothe other reports where there is a risk component

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