Senior Vice President Wealth and Personal Banking Client Risk Management Sales Quality and Conduct
4 days ago
Job Advert Details**Principal Accountabilities**
1) Risk Identification and Assessmenta. Implement frameworks for identifying and assessing non-financial risks (referring to the prevailing Risk Taxonomy as per Bank ERMF)
b. Conduct regular risk assessments and scenario analysis to understand emerging risks.
c. Work closely with cross-functional teams to ensure comprehensive risk assessments, covering all processes, products, and services within Wealth & Personal Banking (WPB).2) Risk Mitigation and Controla. Design and monitor risk mitigation strategies and controls to reduce exposure to non-financial risks.
b. Ensure compliance with regulatory requirements and internal risk management policies.
c. Oversee the implementation of risk controls and monitor their effectiveness, providing recommendation for adjustments as necessary.3) Policy Implementationa. Implement risk management policies specific to Wealth & Personal Banking (WPB), ensuring they align with broader organizational policies.
b. Ensure broaden policies and procedures are effectively communicated to all Wealth & Personal Banking (WPB) teams for implementation.4) Reporting and Analyticsa. Manage risk reporting metrics and dashboards to monitor non-financial risks.
b. Prepare detailed reports for senior management and the board, outlining key risk exposures and mitigation actions.
c. Use data analytics and insights to identify trends, anticipate potential issues, and adjust risk strategies accordingly.5) Incident & Issues Managementa. Lead the response to significant risk incidents, such as fraud, data breaches, or operational failures.b. Coordinate with other departments to investigate incidents, conduct root cause analysis, and implement corrective actions.c. Ensure that lessons learned are incorporated into risk management frameworks to prevent recurrence.
**Customers / Stakeholders**
1) Internal Stakeholder Collaborationa. Work closely with risk stewards and other risk management functions, such as credit risk and market risk, to ensure an integrated approach to risk across the bank.
b. Collaborate with IT, compliance, legal, and audit teams to manage overlapping areas of risk and ensure comprehensive coverage.
c. Regularly update senior management and board members on key risk findings, team initiatives, and accomplishments.2) External Stakeholders & Regulatory Compliance and Liaisona. Engage with external stakeholders, including regulators and auditors, to communicate the bank’s approach to managing non-financial risks.b. Serve as the point of contact with regulatory bodies on matters of non-financial risk.c. Ensure that Wealth & Personal Banking (WPB) risk management practices comply with local, national, and international regulations.d. Monitor changes in the regulatory landscape and update policies and practices accordingly.
3) Risk Culture Developmenta. Promote a strong risk culture within the Wealth & Personal Banking (WPB) division, emphasizing the importance of non-financial risk management.b. Lead training and awareness programs to educate employees about non-financial risks and their role in managing them.c. Foster a culture of accountability and continuous improvement in risk practices.
**Operational Effectiveness & Control [COMPLETE 3-4 AREAS]**
1) Establishing Strong Internal Controlsa. Design and implement robust internal controls to manage non-financial risks, ensuring alignment with regulatory requirements and best practices.b. Conduct periodic reviews of control mechanisms to ensure they remain effective and relevant to the evolving risk landscape.c. Ensure findings from testing and validation activities are addressed promptly and any control gaps are mitigated effectively.
2) Documentation and Standardization of Proceduresa. Maintain comprehensive documentation of risk management policies, processes, and controls to ensure consistency and transparency.b. Standardize risk-related procedures across the retail banking division, ensuring uniformity in practices and adherence to established guidelines.
3) Compliance and Regulatory Controla. Ensure that all operational controls comply with regulatory requirements and internal policies, minimizing exposure to compliance risks.b. Coordinate with compliance teams to monitor regulatory changes and adjust control frameworks as needed to maintain complianceQualifications**To be successful in this role, you should meet the following requirements**:
- Extensive experience in non-financial risk management, preferably within Wealth & Personal Banking (WPB).
- Strong knowledge of regulatory requirements and industry standards related to operational and compliance risk.
- Excellent analytical, problem-solving, and decision-making skills.
- Strong leadership and interpersonal skills, with the ability to influence and manage stakeholders across all levels.
- Proficiency in data analysis and risk management software.
- This role requires a proactive leader capable of managing a complex risk e
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