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Ops Risk Manager - Global Investment Management Firm
Cobalt Recruitment, EA Licence No: 12C6031
June 13, 2018
Our client is a globally renowned institutional fund manager with a strong presence in around 20 cities in the Americas, Europe and Asia Pacific with deep local knowledge and expertise, and gross assets under management exceeding US$50Billion.
The Operational Risk Management team is responsible for assessing and monitoring risks to the global business operations and for recommending and implementing risk controls that mitigate those risks. The team supports the strategic business objectives by developing and maintaining effective and efficient risk management programs.
This position will be responsible for executing on risk strategies related to business operations in the Asia Pacific region. She/he will ensure that business and operational risks, when weighed against business opportunities, are well managed and acceptable. The successful candidate will be based in Singapore, and will require light travel to the other Asia Pacific offices. The role reports to the Global Head of Operational Risk Management, and has a dotted reporting line to the Asia Pacific COO.
Support business processes by reviewing, monitoring, and assessing the control environment for new and established products and activities
Work with the Operational Risk Management team and business management to proactively identify and evaluate operational business risks and trends, and develop processes that help mitigate risk, ensure compliance
Monitor, analyze and communicate emerging risks and trends
Assist management with all aspects of the operational audit process, including preparing and organizing Risk and Control Self Assessments, documenting key risks and controls, developing action plans and providing effective challenge to the adequacy of controls
Identify, research, evaluate, and/or resolve risk issues impacting the business, including conducting control reviews or gap analyses for existing processes, as needed
Establish and maintain relationships with Business and Functional Leaders, as well as the larger Risk Management community, Internal Audit, Legal, Compliance, Operations, and Finance staff
Analyze and report operational risk events, identifying root causes of control breakdowns, developing remediation plans, performing scenario analysis reviews
Identify and ensure key risk indicators are developed and reported appropriately
Partnering with the Operational Risk Management team as a risk advisor for developing issues, new projects, and existing control gaps in the business
Serve as liaison between the Business and Internal Audit for engagements, and tracking the resulting issues and action plans until effective closure
Provide guidance to outsourced service providers and property managers on operational risk topics as appropriate
At the local entity level, maintain oversight of the entity's compliance with local regulations, including Singapore PDPA (as Data Officer) and MAS Outsourcing Guidelines
Assist with various ad-hoc initiatives and projects taking place across the broader business.
Bachelors degree required;
3 to 7 years of related work experience in risk management, audit or similar function within the institutional asset management business.
Real estate investments experience is strongly preferred.
Understands both the private and public asset classes
Experience with operational process and internal control design in an investment company
Relevant business experience in Risk Management and/or Financial Services with a proven track record influencing processes and controls.
Working knowledge of Privacy and other regulatory requirements
Project management experience
Strong analytical skills including the ability to think critically and logically; creative problem solving and excellent decision-making skills.
Attention to detail, yet able to summarize and communicate complex issues effectively
Excellent communication skills, both spoken and written, with a proven ability to produce, review and edit written documentation
Team-oriented, with a high degree of integrity and professionalism