Product Risk - Investment Banking

The incumbent will join the product risk team which sits in the first line of defense responsible for structuring and implementing a risk management framework on product governance, trade approval, and asset transfers. This is a 1-year contract (renewable) with a leading investment bank.

Key Responsibilities:

• Assist with asset transfer requests for clients by reviewing, assessing, and approving such transactions.
• Help with investigations on asset transfer requests.
• Escalate issues on asset transfers where necessary to management and 2LOD.
• Review product due diligence on products such as OTC derivatives prior to offering products to such clients.
• Good understanding of regulatory requirements on topics such as asset transfer, products, and compliance controls.
• Liaise with trading desk, legal, and compliance on topics related to product risk, product due diligence, and asset transfer.
• Participate in projects related to risk and control.
• Maintain an updated list of product information.
• Support new business initiatives.
• Promote risk awareness.
• Coverage on Singapore and Australia products where necessary.

Key Skills:

• Bachelor's degree in a related discipline.
• 4 - 8 years of experience in the first line of defense, particularly in private banking or private wealth management.
• Knowledge in asset transfer requests from a risk and control perspective.
• Good product knowledge across assets.
• Understanding of MAS regulations.
• Attention to detail.
• Able to work under stress.