CRO - Non-Financial Risk Management (NFRM) Hong Kong & Taiwan Coverage - AVP

at  Deutsche Bank

YOUR SKILLS AND EXPERIENCE:

• 3 - 5 years experience in a similar role within financial services
• A robust understanding of Operational Risk / Non-Financial Risk Management principles and practices with relevant experiences in the risk and control roles
• Proven track record to effectively perform risk management responsibilities including the independent challenge, monitoring and assessment activities on a risk-basis
• Demonstrable experience of developing strong working relationships with business areas to facilitate successful risk management within the 3 Lines of Defence model
• Worked with Senior Stakeholders within a high pressure dynamic environment
• Appreciation of the regulatory environment in the business and more broadly the regulator perspectives on non-financial risk
  Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.

The purpose of the Non-Financial Risk Management (NFRM) function is to ensure that the banks Non-Financial Risk exposure is adequately managed in-line with the group wide risk appetite and NFRM framework. To achieve this the NFRM function requires:

• Risk Managers with the experience, seniority and tools to assess complex risks and intervene where they lie outside the bank’s risk appetite.
• A comprehensive, integrated, simple and easy to use NFR Framework with supporting technology that assists risk identification, assessment and remediation.
• Strong understanding of the businesses combined with regular engagement which would allow NFRM to provide support, review and challenge in line with the 3 Lines of Defence Model.
• Close coordination with all Second Line Risk Type Controllers to facilitate the production of a holistic view of NFR.
• Proper consideration of emerging risks, rather than just current issues.
• Effective governance combined with supporting MI that facilitates decision-making

Key responsibilities include:

• Monitoring developments within Non-Financial Risk Portfolio at a business level (eg loss themes, Risk Metrics, Findings/SIIs and other contextual information) for all operating business in country of coverage.
• Assist in the preparation of decision-preparing material for the effective 2nd Line of Defence monitoring and challenge of operational risk management across business divisions and infrastructure functions
• Ensure that effective and demonstrable challenge to the risk owners occurs, and where required:
• Support clear, demonstrable and risk-based challenge
• Measure evidence of effective challenge and resolution
• Maintain knowledge of industry trends and standards, risk management practices, legal and regulatory changes
• Act as primary point of contact for Regulatory inspections on NFR matters for country covered.
• Contribute to projects / task forces / working groups relating to the Non-Financial Risk Framework or identified NFR risk issues or operational risk incidents
• Support the management of the stakeholder relationships in the covered Countries and Businesses.
• Monitor control environment in allocated Countries and Businesses and pro-actively manage deficiencies including timely escalation to management (i.e. SII/GFMS issues; OR event data quality and risk remediation).
• Escalate material operational risk events and risk appetite breaches.
• Perform effective challenge process on Risk identification and Assessment activities e.g. Review lessons learned, Read Across, New Product Approvals and Risk Acceptances
• Promote the Risk culture and visibility of NFRM via training and participation in NFR governance forums.
• Keep abreast and perform effective communication of changes in relevant NFR frameworks, tools, laws etc. and understand their implications for covered businesses