Head, Transactional Risk

Job Purpose

• Lead the conduct of investment and transaction risk assessment for the Group.
• Lead and manage the day-to-day operations of the risk team assigned to assist Investment and Asset Management (IAM).
• Develop strategies and drive the implementation of investment and fund management risk management framework, methodology, system, and programs for the Group, including obtaining buy-in from relevant stakeholders.

Job Responsibilities

A) Internally - Operations

• Review, recommend, and enhance (where appropriate) Investment, Fund and Retail Risk Management’s (IAM) roadmap, policy, framework, methodology, and system.
• Direct the operations of the IAM risk management framework as designed.
• Ensure an effective governance structure is maintained to manage risk at IAM Business Units.
• Coordinate IAM and Group's Risk Management efforts effectively by the Risk team.
• Provide ongoing education and appropriate briefing and training to management; review and enhance risk training programs required for Risk Champions and operational teams.
• Develop, review, and enhance the Group-wide risk appetite and measurements tailored to the Group’s IAM industry.
• Assist Management and Operational teams to embed and integrate risk management into business processes and transactions within the approved risk appetite.

B) Externally – Best Practice and Scan of Risk Environment

• Stay informed of current risk management best practices in the industry.
• Investigate and research emerging risks and trends in the industry, advising CRICO, GMD, or management where appropriate.
• Provide necessary feedback/briefing on industry changes to CRICO/GMD/GMC/Board.
• Drive continuous improvement of IAM and Risk Management Framework, where applicable.

Risk Assessment Activities

Risk Identification:

• Design and enhance processes for identifying areas within IAM and relevant areas of the Group requiring Risk input to ensure timely identification of risks.
• Continuously identify and analyze potential risks to the Group's assets, earning capacity, or success.
• Provide quality challenges to the evaluated risks – inherent and residual risk, impact and likelihood, and targeted risk; ensure practical results reflective of the risks faced.
• Lead risk workshops and risk identification programs.
• Act as the key point person for the risk department for IAM and a subject matter expert for investment, fund, and related risks for the rest of the Group.
• Work with management/operations to ensure that mitigation activities for newly identified risks are embedded into operational systems/processes.

Risk Updates:

• Review and ensure risk registers are updated and signed off by respective process/risk champions quarterly (or more frequently if risk profiles change significantly).
• Conduct high-level reviews of threats annually in line with the latest approved Strategy Blueprint.
• Review the Risk Assessment for Major Proposal/Investment/Divestment initiatives as prepared by IAM, Strategy, or Operational Units.
• Provide independent views/advice/feedback on key risk matters for consideration by CRICO, Senior Management, and the Board.
• Timely escalate risk matters or disputes on risk issues to CRICO and GMD, where appropriate.
• Develop and/or enhance Key Risk Indicators (KRIs) and collate KRI data for IAM and the Group, reporting to Senior Management.
• Participate and contribute to Project, Operational, Strategy, SQM, CAPEX, etc. meetings as required.

Risk Monitoring

• Drive and manage the risk monitoring process for IAM and the Strategy team.
• Review validations conducted by the risk team on key risks impacting the Group, including mitigating strategies and ratings.
• Lead any other risk reviews or validations as required.
• Prepare and/or review the independent GRM validation report for CRICO approval.

Risk Reporting

• Review and/or finalize Group Risk reports or risk analyses on major proposal/investment/divestment initiatives for submission to Group Management Committee, Group Investment Committee, RMC, and/or Board for CRICO approval.
• Ensure risk reporting timelines are set and complied with by operational and functional teams.

Business Continuity Management (BCM)

• Coordinate the development and enhancement of the Business Continuity Planning (BCP) for IAM.
• Liaise with Senior Management of IAM regarding the ongoing effectiveness of BCP.

Risk Administration/Operations (Department Role)

• Lead and manage dedicated Risk resources to deliver mandates and agreed KPIs.
• Develop the annual risk plan with the risk team; finalize risk annual plans after discussions with CRICO.
• Provide regular and timely updates to CRICO on the status of risk management activities undertaken by the IAM Risk team.
• Assist in the development of GRM annual budget and actual expenditures; notify CRICO of any deviations from approved budgets.
• Manage the IAM risk function, ensuring each team member is assigned relevant tasks with set timelines and expected delivery.
• Ensure team members execute their work objectively and independently, maintaining high-quality standards in reporting of all review issues and recommendations.
• Provide feedback via performance evaluations, identifying developmental needs and succession planning.
• Identify and ensure team members are adequately trained and certified.
• Provide necessary support to Group Compliance Office team to ensure timely execution of the Risk and Compliance Annual Plan and Programs.

Other Functions

• Assist in the establishment and maintenance of GRM communication tools and facilities using appropriate ERM methodologies, tools, and techniques.
• Provide advisory services to Departments/Operating Units to establish and improve their risk management capabilities.
• Support CRICO or Management in developing tools and systems that support the risk environment; manage and drive implementation of tools and systems.
• Assist CRICO in establishing clear working relationships with operational teams to avoid overlap or duplication of functions in managing risks and controls.
• Perform other duties as assigned.

Education/Professional Qualification

• At least 5 years of experience in Investment and Fund Management.
• At least 3 years in a current position (VPII or VP1).
• Real estate and risk-related experience is advantageous.
• At least 8 years of overall work experience.
• Driven, analytical, with good attention to detail and ability to work well independently and in a team environment.
• Possess at least a Professional Degree/Certificate, Bachelor's degree, or Post Graduate Degree.
• Education related to Investment, Fund Management, and Risk Governance is advantageous.