Our Client Representing the AA-fitch rating and the most established Global Private Bank with total AUM of USD 700 billion to search for OR Associate Director. Job Duties As part of the Regional Group Risk, holding full accountability in the 2nd line of defense. Accountable for reviewing the risk framework and testing OR effectiveness across FTB offices. Conduct gap analysis and identify effectiveness of controls by working in collaboration with BR/1st line. Manage periodic risk reporting and facilitate any remediation issues along with compliance and external auditors. Advise and consult senior management across the region & headquarters on new product/business initiatives to ensure the fulfilment of regulatory reporting and corporate governance. Requirements Well qualified graduate in Accounting, Risk, or related discipline.6 years+/- Big4 audit/OR risk management experience earned from an international bank. Good understanding of private wealth management business/processes is highly essential. Knowledge of HKMA/SFC regulatory requirements is a definite advantage. Adaptive to working in a multi-cultural environment. Strong stakeholder management and consultation experience. Oversight of Liquidity, Treasury & Market Risk. Bank-wide Asset & Liability Management. Additional Responsibilities As part of the Regional Risk Management Team, support ALM Committee. Continuous review of Market risk, liquidity risk, and counterparty risk management framework to ensure fulfilment of group policies and HKMA/MAS regulatory requirements. Conduct daily monitoring and reporting of market risk, counterparty credit, and liquidity risk positions. Assume 1st line or 2nd line of technical risk assessments, driving risk mitigation, tracking, and reporting. Ensure compliance with HKMA / SFC regulatory requirements and Corporate Governance. Identify technical risk and implement control measures by collaborating with group & regional stakeholders across IT, security, risk, audit, and compliance departments. Accountable for identifying potential investment/OR risk by working closely with portfolio management/investment teams, tech/operations, legal & compliance departments. Conduct periodic risk assessment/stress tests to ensure fulfilment of regulatory and corporate governance. As part of the regulatory & central compliance team for the HK branch, accountable for staff licensing, employee trading activities, and monitoring entertainment & gift activities. Advise business and internal stakeholders on related HKMA regulatory issues.
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