Fixed Income Division (FID) â€" Business Unit Risk Management (BURM) VP

Position Description

The Fixed Income Division ("FID") Business Unit Risk Management ("BURM") team is looking for a Vice President level candidate to support its first line risk management functions, primarily focused on Commodities. Risk management themes include Operational Risk, Conduct Risk, Regulatory Risk, Technology Risk, Client Risk, etc. BURM is considered the 'First Line of Defense' and the role therefore requires close collaboration with stakeholders of varying seniority across a wide range of teams in the Front Office and Infrastructure Groups.

Key responsibilities:

• Structuring and implementing the first line risk management framework for FID with focuses on Commodities businesses in Asia
• Coordinating new business initiatives, reviewing operational risk incidents, assessing client governance issues, and coordinating regulatory projects that impact the division
• Perform conduct risk and ad-hoc transaction reviews

Daily or regular tasks related to the risk management function include but are not limited to:

• Represent FID Commodities in regional and global risk and control initiatives
• Ensuring a standardized and consistent approach for the Division to adhere to risk management policies and procedures
• Helping to assess and coordinate new business initiatives for the division
• Assessing ad-hoc transaction approvals for complex trades
• Managing operational risk incidents, general operational queries/issues, and specific programs such as the RCSA
• Helping to manage regulatory changes that impact the division
• Supporting regulatory enquiries / inspections, internal audits and compliance testing that impact the division