Business Risk Officer - C13 - SINGAPORE

The Business Risk Officer is accountable for management of complex/critical/large professional disciplinary areas. The Wealth Control team fosters a culture of control and customer centricity and accountability by leading efforts to identify, anticipate and mitigate regulatory, reputational, and operational risks.

This role is primarily responsible for providing Controls advisory and support on the Investment and Insurance Client Advisory activities to ensure a strong and robust control environment and framework is in place at all times for the CG/CPC wealth management and advisory business. These activities include but are not limited to new products and initiatives review, policy and regulatory change implementation, audit engagement support and cross border activity process and controls.

You will collaborate with internal and external stakeholders in the course of the controls advisory and support in the relevant areas such as Product and Client Advisory Business Execution teams, Sales Management, Investment Solutions Control, Legal and Compliance.

As a First Line of Defense, you will need to build trusted relationships with key stakeholders including Complaints Management Team, Frontline staff, process owners, control colleagues as well as Second and Third Line partners.

This role is part of the Singapore Wealth Controls team and reports to Asia South Wealth Controls Head.

Responsibilities:

• Review and approve new Investment and Insurance related new products and initiatives. Provide advisory support on development of such products/initiatives from a Controls perspective.
• Provide advice and address queries in relating to Investment and Insurance related control activities from frontline staff, regional and external stakeholders in capacity as Subject Matter Expert.
• Advise on Escalation and Issue Management for the Client Advisory team including adequacy of Corrective Action Plans (CAPs), timeliness of CAP closures and sustainability of CAPs.
• Play a lead role in the coordination and preparation for relevant internal/external audits, compliance and regulatory reviews with internal stakeholders and reviewers.
• Drive and coordinate inputs for Fair Dealing updates and metrics and Insurance/Investment control updates in the relevant governance forums.
• Follow up on Sales Practice Risk (SPR) related matters arising from Client Advisory activities to ensure adequate SPR assessment and reporting as appropriate.
• Support, prepare and coordinate relevant annual and ad-hoc regulatory reporting to the MAS.
• Coordinate with global and regional stakeholders on Cross Border Activity Policy related controls implementation and ongoing monitoring activities.