Head of Risk and Control - PB SG at CIMB Singapore

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

31 May, 26

Salary

0.0

Posted On

02 Mar, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Management, Governance, Compliance, AML/CFT, Financial Crime Risk, Operational Risk, MAS Regulations, Stakeholder Management, Leadership, Audit Management, Policy Development, Control Frameworks, Client Risk Profiling, Regulatory Engagement, Decision-Making, Private Banking

Industry

Banking

Description

Key Responsibilities Strategy and Planning * Develop, implement, and maintain a robust Private Banking governance and risk management framework aligned with Group standards, MAS requirements, and industry best practices. * Ensure policies, procedures, and controls adequately support responsible business growth and evolving regulatory expectations. * Set governance priorities and key focus areas, incorporating regulatory themes, risk assessments, and business strategy. * Represent Private Banking Singapore at relevant governance and risk committees, including but not limited to including Financial Crime Risk Committee (FCRC), Operational Risk Committee (ORC), Fair Dealing Committee (FDC), PB SG Operational Risk & Governance Committee (ORGC). Risk Oversight & Business Advisory * Act as the primary governance and risk advisor to the Private Banking Singapore business on regulatory, compliance, AML/CFT, financial crime, and operational risk matter * Maintain strong oversight of client risk profiling, source of wealth/funds assessments, and ongoing monitoring standard. * Maintain effective working relationships with key internal stakeholders, including Compliance, Legal, Risk Management, Operations, and Group Governance. * Provide clear, practical governance guidance that enables informed business decision‑making. * Coordinate and manage internal and external audits, ensuring timely remediation of findings and sustainable closure of issues. People Management * Lead, manage, and develop the Private Banking Governance/Risk & Control team, ensuring adequate resourcing, capability, and succession planning. * Foster a strong risk culture, accountability, and professionalism within the team. * Ensure team members receive appropriate training to stay current with regulatory developments, financial crime trends, and industry best practices. * Promote continuous improvement in governance processes, controls, and reporting. Key Requirements * University Degree or equivalent qualification in Business Administration, Banking, Finance, Economics or related field. * Professional certifications (e.g. ACAMS, ICA, CFA, FRM) are advantageous. * Minimum 12–15 years of relevant experience in Private Banking, Wealth Management Governance, Risk, Compliance, or Financial Crime. * Prior experience in a regulated financial institution in Singapore. * Strong expertise in MAS regulations, Private Banking governance, AML/CFT, and financial crime risk. * Proven leadership experience within Private Banking, Wealth Management, Risk, Compliance, or Governance functions. * Strong stakeholder management and communication skills, including engagement with senior management and regulators. * Well informed of the market competitive structure, industry practices and regulations for the Private Banking segment. * Strong analytical, escalation, and decision‑making capabilities.

Responsibilities

The role is responsible for developing and maintaining a robust Private Banking governance and risk management framework aligned with Group standards and MAS requirements. This includes acting as the primary governance and risk advisor to the business on regulatory, compliance, AML/CFT, financial crime, and operational risk matters.