Head of Operational Risk

Job Summary: The Head of Corporate Risk Management Department will serve as the 2nd Line-of-Defence, responsible for overseeing risk management activities across the branch. This includes the Risk Appetite Framework and the Risk Management Framework . The role involves leadership in enterprise risk management and financial risk management to promote a proactive risk culture within the branch.

Key Responsibilities:

• Act as the Risk Control Committee Secretariat, collaborating with 2nd Line of Defence risk functions.
• Build risk awareness among staff and provide training in enterprise risk management and financial risk management.
• Continuously develop and enhance the Risk Management Framework and Risk Appetite Framework to align with regulatory and industry practices.
• Develop the branch’s risk capabilities, maintain policies and procedures, and oversee risk strategies.
• Provide independent assessment and monitoring of the branch’s risk profile.
• Responsible for risk oversight over the branch’s business activities and strategic proposals.
• Provide advice, oversight, and challenge to embed risk processes and methodologies.
• Ensure risks are identified, assessed, and monitored, with appropriate action plans.
• Collaborate with 1st and 2nd Lines of Defence for risk reporting.

Qualifications and Experience:

• Relevant university degree or risk management qualification.
• Significant risk management experience, including front office and support/control functions.
• Proficiency in using data for problem identification, monitoring, and reporting.
• Experience with global financial services institutions or consultancy practices is advantageous.

Supervision and Reporting Lines:

• The Head of CRMD reports directly to the Chief Risk Officer (SMF4) and administratively to the Joint/Deputy General Manager (SMF24).

Key Stakeholders:

• Internally: Branch-wide Heads of Department, 1st and 2nd Line of Defence, and Head Office.
• Externally: Supervisory Authorities such as FCA, PRA, JSFA, and relevant third parties.