VP Operational Risk (1st LOD)

My client is a leading investment bank that is expanding its IBD/Wealth Management division and is seeking senior professionals for business risk roles within their first line of defense team.

What You Will Do:

• Manage and monitor risk metrics to ensure effective mitigation across divisions.
• Oversee adherence to the Operational Risk framework, ensuring compliance with internal and regulatory standards.
• Implement methodologies to identify, assess, and mitigate risks arising from internal processes, systems, people, and external factors.
• Assist in enterprise-wide risk identification, documentation, and ongoing review processes.
• Evaluate policies, procedures, and controls to ensure their adequacy and effectiveness.
• Support incident reporting, corrective action planning, and operational loss management.
• Conduct regular risk assessments, control reviews, audits, and scenario analyses to uphold operational integrity.
• Offer expertise on risk considerations related to change management and technology initiatives.
• Manage regulatory and compliance queries, including data collation and responses to regulators such as SFC, MAS, and others.
• Stay abreast of industry news and regulatory developments to proactively address emerging risks.
• Drive the execution of the department's Business Continuity Planning (BCP) program in Hong Kong.
• Oversee operational excellence initiatives focusing on risk control and process improvements.
• Lead business intelligence and analytics efforts, providing insightful metrics and reports to stakeholders.

Required Skills:

• Bachelor's degree or higher in Operational Risk, Compliance, or related fields.
• Minimum of 10 years of experience within the securities/Investment banking industry.
• Deep understanding of internal business processes and product lines within financial services.
• Proven experience developing and managing operational risk frameworks within FICC/ Equities/ Wealth Management business.
• Familiarity with regulatory guidelines and industry practices such as HKEX, SFC, SGX, Dodd-Frank, EMIR, Sarbanes-Oxley, Basel, and Volcker.
• Proficiency in handling regulatory/compliance inquiries and data management.
• Strong relationship management and stakeholder engagement abilities.
• Experience in risk, audit, or compliance roles is highly advantageous.

Interested parties please click Apply Now to submit your CV to us. For any enquiries and immediate response, please feel free to send you CV or contact Carrie Chan at [email protected]