Head - Risk & Compliance - Financial Services

Main purpose of the job-Head Risk and Compliance

- Responsible for Operational Risk Management, Information Security and Business Continuity, Audit and Compliance within the company

- This role focuses on the facilitation, challenge and advice in relation to risk, information security and business continuity, audit and compliance. The role will involve a close working relationship with the company Management Team and the Financial Services Firm business risk teams

Key responsibilities :

- Leads Financial Services Firm risk management.

- Administer and manage all risk management initiatives within the entity.

- Responsible to maintenance and manage the Risk Governance Framework for the Financial Services Firm including the following :

a) Operational Risk Management

b) Information Security and Business Continuity

c) Internal Audit and Compliance

- Oversees the implementation of the Financial Services Firm risk management, information security, audit and compliance policies (based on policies provided by the Financial Services Firm)

- Provide reporting to the management of the Financial Services Firm (client) wrt. to risk, information security and business continuity, audit and compliance.

- Establish and analyses various operational risk metric and indicators at business line level ensuring appropriate reporting and escalation of operational risk metrics and events.

- Acts as operational risk liaison, continuously tracking, monitoring, and furthering knowledge of best practice, and where applicable modifying existing practices accordingly in close cooperation with Financial Services Firm

- Facilitates the development of risk mitigation strategies for the Financial Services Firm critical risks and for monitoring these risks.

- Ensures effective alignment between operational Risk, information security and business continuity, internal audit and Compliance Functions

- Anticipate resource requirement and liaise with relevant agencies to get resources as required to ensure smooth functioning of the risk function

- Establish necessary training programs to build the risk culture of Financial Services Firm

- Undertake special assignments as directed by the Financial Services Firm.

Education/ Qualifications/Training : Good all-round education with a graduate degree/Post Graduate and relevant experience

Special Skills/ Knowledge :

Good knowledge of :

- Risk Management Practices,

- Information Security and BCM Practices

- Audit and Compliance Practices preferably with in the Financial Industry

- Regulatory awareness with respect to AML, OFAC, KYC and relevant requirements

- Breadth of understanding and appreciation of activity undertaken within own function.

- Experience in documenting / analysing/ reviewing controls around business processes, identifying gaps and suggesting improvements.

- Knowledge of industry and regulatory standards of Operational Risk Management, such as Basel Standards

- Be able to comprehend the purpose and scope of Financial Services Firm Policies and implement the same with in the specified timeframe

Evidence of relevant work experience :

- Experience in financial services specifically in operations or audit.

- Understanding of Compliance work programs and requirements

- Experience of creating risk registers.

- Experience of tracking local risk and audit-related activity

- Experience of evaluating, maintaining and improving local frameworks for control.

- Experience of promoting and facilitating local and cross-functional frameworks of control within own dept.

- Ensure all reporting and certifications are done as per MSA