Job Description
The ideal candidate will:
- Drive the governance framework, methodologies and control standards across CFS and/or Group Wealth Management (GWM) business units to support effective risk management, regulatory compliance and operational consistency.
- The role provides independent oversight, advisory and assurance over key business processes, including sales advisory, while guiding business units on control enhancements and risk mitigation.
- This supports the business by strengthening governance discipline, promoting consistent standards across CFS and/or GWM units, and ensuring regulatory requirements are met while maintaining operational efficiency.
Job Responsibilities
1. Governance Framework Development and Oversight
- Develop and enhance governance frameworks, methodologies and control standards across CFS and/or GWM.
- Drive consistent governance practices across different CFS and/or GWM business units.
- Periodically review governance processes to ensure alignment with regulatory requirements and business needs.
- Promote adoption of best practices and standardisation across the organisation.
2. Preventive Risk Management and Control Advisory
- Identify emerging risks and recommend preventive control measures.
- Provide advisory support to business units on strengthening control processes.
- Facilitate knowledge sharing and skills transfer across CFS and/or GWM teams.
- Promote awareness of risk management practices within GWM.
3. Independent Oversight and Risk Monitoring
- Provide independent assessment of exceptional approval requests.
- Review Key Risk Indicator (KRI) breaches and assess risk implications.
- Provide objective oversight on governance and risk matters.
- Ensure consistent application of internal policies and standards.
4. Controls Testing and Assurance Oversight
- Establish and maintain control testing and assurance frameworks, standards and methodologies across CFS and/or GWM teams.
- Provide oversight and challenge to ensure assurance activities are conducted effectively and in line with established requirements.
- Monitor and assess the adequacy of remediation plans and the timely closure of identified control gaps and weaknesses.
- Report on assurance outcomes, control effectiveness and emerging risk themes, escalating significant issues to management as appropriate.
5.Wealth Advisory Framework Oversight
- Oversee sales advisory frameworks to ensure alignment with regulatory and internal policies.
- Review advisory processes to ensure adherence to business and regulatory requirements.
- Identify advisory risks and provide observations to relevant stakeholders.
Qualification
- Bachelor's Degree in Banking, Business, Finance or a related discipline.
- Strong knowledge of capital markets, structured products and derivatives.
- Professional certifications related to financial services or risk management would be advantageous.
Competencies
- Strong understanding of wealth management, private banking operations and associated risks.
- Familiarity with regulatory requirements across Asia, including Singapore's Private Banking Code under the oversight of the Monetary Authority of Singapore.
- Strong analytical, logical and critical thinking capabilities.
- Ability to design governance frameworks and control methodologies.
- Meticulous documentation skills and attention to detail.
- Ability to engage and influence stakeholders across multiple business units.
*Only shortlisted candidates will be identified.
