Risk Manager - Market Risk - Operationalisation and Monitoring (Associate Director/ Director)
- Employer
- Bank of Singapore
- Location
- Singapore, Singapore
- Salary
- Competitive
- Closing date
- Aug 11, 2022
View more
- Job Function
- Risk Management
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group's global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!
Collateral Risk Management Team oversees the management of risks relating to collateral received in connection with BoS client's borrowing and trading activities. The team's objective is to manage risk efficiently and effectively so as to protect the bank's financial returns and sustain business growth. The team has two functions: Methodology and Analytics function focuses on the development of quantitative model, approach and methods to apply for evaluation of collateral risk and the formulation of risk parameters and policy framework. Operationalisation and Monitoring function focuses on the implementation of the relevant policy and operating procedure, ongoing monitoring, timely action taking and day-to-day business support.
This job opening is with Operationalisation and Monitoring function area of collateral risk management.
Roles and Responsibilities:
Qualifications
Requirements:
Collateral Risk Management Team oversees the management of risks relating to collateral received in connection with BoS client's borrowing and trading activities. The team's objective is to manage risk efficiently and effectively so as to protect the bank's financial returns and sustain business growth. The team has two functions: Methodology and Analytics function focuses on the development of quantitative model, approach and methods to apply for evaluation of collateral risk and the formulation of risk parameters and policy framework. Operationalisation and Monitoring function focuses on the implementation of the relevant policy and operating procedure, ongoing monitoring, timely action taking and day-to-day business support.
This job opening is with Operationalisation and Monitoring function area of collateral risk management.
Roles and Responsibilities:
- Perform review, analysis, and assessment of collateralized activity in the business areas comprising the bank's credit structures, products and activities in adherence with the bank's policy and standards
- Identify, highlight and recommend mitigating measures to address collateral related risk factors in credit portfolios including collateral credit quality, valuation uncertainty, market price volatility, liquidity and concentration
- Maintain a thorough understanding of the content and aggregate risks within the portfolio, trends and other key statistics. Execute early warning procedures to promote preventative action where appropriate
- Refine processes and reports produced from risk monitoring adopted in support of standard and exception businesses
- Communicate with and advise on Front Office and other relevant stakeholders to deepen their risk awareness and to assist them in the collateral lending portfolio risk management
Qualifications
Requirements:
- Good and relevant University degree, preferably in fields of finance, economics, business or equivalent
- At least 8 years of experience in market risk, collateral management
- Relevant working experience in market risk, credit risk or counterparty risk function, preferably related to private banking lending or collateral management
- Good knowledge of various types of financial products including both publicly traded securities, co-mingled investment and less liquid alternatives and bespoke products.
- Familiarity with querying and handling large scale data through applications such as SQL, Python, Power BI to extract useful information and produce insightful findings.
- Strong team player with good communication, interpersonal and organizational skills
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