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The Business Risk Manager (BRM) plays a critical role within the 1st Line of Defence (1LoD) in supporting the respective Region and/or Market in managing and monitoring risk across the entire client lifecycle. The BRM’s key responsibilities include providing risk-related counselling to Front Management, supporting risk-related approvals, facilitating stakeholder collaboration (between the three lines of defence) and driving risk-related initiatives across the Bank.
The role requires experience in understanding regulatory requirements, business needs, and risk management principles to drive informed decision-making and mitigate potential risks.
YOUR CHALLENGE
Risk Framework and Business Risk Management
- Collaborates with 1st, 2nd (2LoD), and 3rd Lines of Defence (3LoD) and other stakeholders to ensure effective risk management.
- Prepares and delivers business risk assessment, risk/conduct and control results reporting to provide transparency to the Front Management through risk/conduct sessions.
- Facilitates Front Management in supervisory oversight and in addressing risks, regulatory and quality assurance concerns.
- Maintains close collaboration with Group Heads (GHs) and Team Business Managers (Team BMs) regarding risk-related tasks within respective Regions/Markets, including conducting regular exchange sessions with GHs and Team BMs to foster exemplary risk/conduct culture and highest quality standards.
- Supports risk-related approvals in accordance with the relevant Approval & Delegation Matrix.
Risk/Control Assessment and Monitoring
- Ensures performance of the required risk/control assessments and reviews within 1LoD.
- Supports thematic and business specific risk reviews, where required.
- Follows up with the Front (e.g., Relationship Managers (RMs) and Assistant Relationship Managers (ARMs)) on recurring tasks or overdue items.
- Escalations of risks and control issues to the Front Management and/or 2LoD, where required.
Remediation, Projects and Other Support
- Monitors and supports remediation of risks, incidents and control issues, ensuring timely and sustainable resolution of Front-related gaps as identified by 2LoD, internal/external auditors and regulators.
- Supports “lessons learnt” management, risk trainings, risk/conduct culture awareness campaigns and communication within the Front.
- Provides risk/control-related support and advice for projects, change and improvement initiatives.
- Coordinates with other BRMs and interacts with various internal stakeholders (e.g. compliance, legal, etc.), depending on the topic.
YOUR PROFILE
Personal and Social
- Excellent interpersonal skills
- Always communicates in a competent and professional manner
- Be proactive to share views and give solutions
- Excellent analytical, conceptual and problem-solving skills
- High level of flexibility and adaptability to changes
- Self-motivated in assumption of duties
- Multi-tasking and with ability to complete tasks independently as well as a team player
- Personal integrity and ethical behavior
Professional and Technical
- University degree or equivalent education, preferably in Banking and/or Finance
- At least 7 years of professional experience in Business Risk Management, Non-Financial Risk / Enterprise Risk Management, Compliance or Audit in Wealth Management/Private Banking
- Proven track record in fostering sound risk/conduct culture in Wealth Management/Private Banking is an advantage
- Understanding of key business risks pertaining to Wealth Management/Private Banking, with experience in the relevant risk/control assessment & management
- Sound knowledge in the field of Compliance, preferably in Hong Kong/Singapore
- Project Management know how and experience is an advantage
- Strong ability to interact with senior management, build trusted partnerships, deliver sound opinion and present solutions
- Strong people skills with the ability to set and prioritise objectives and tasks
- Good command of spoken and written Chinese and English
We are looking forward to receiving your full job application through our online application tool. Further interesting job opportunities can be found on our Career site.
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