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Join us as Chief Risk & Compliance Officer at AIA Investment Management!

This position is accountable for all aspects of financial, investment and operational risk management across the company, facilitates senior management’s understanding of the various types of risks and their inter-relationships; develops and manages the risk management system; seeks information and explanations from senior management; and participates in key decision-making processes as a member of the AIAIM Executive Committee (Exco).

The incumbent will operate as the main point of contact between the Group and the Asset Management company for all risk and compliance related topics.

The Chief Risk & Compliance Officer is responsible for leading the risk and compliance function at AIAIM and overseeing the compliance and risk program under the Governance Framework of AIAIM.

The incumbent will ensure that appropriate second line support is provided to the first line to properly implement the controls (i) embedded within the local policies and procedures as envisaged under the Governance Framework of AIAIM and (ii) reasonably designated to enable AIAIM to demonstrate proper risk governance and controls with the industry best standards and applicable local regulatory requirements.

The incumbent will actively participate in the end-to-end asset management business, including but not limited to investment due diligence process, on-going performance management and valuation methodology and assumptions particularly for private assets. The incumbent will provide constructive challenge to the investment team and implement world-class business practices.

Key Responsibilities

• Advise the Board and the Chief Executive Officer on current and emerging risks to the organization and its business plan.
• Provide guidance and assurance to the ExCo as to the effectiveness of internal control and risk management processes and infrastructure.
• Develop and maintain appropriate risk management and control systems across the company with reference to relevant best practice, legal and regulatory standards.
• Chair the newly constituted Risk Committee, working closely with the Investment & Portfolio Risk Oversight and Business Risk Oversight Committees.
• Conduct regular risk assessments on financial, investment and operational risks.
• Support the core business service and continuity strategy, seeking continuous improvements in efficiency, service, and quality.
• Ensure that all staff have development plans with the aim of raising personal capability.

Lead the Compliance and Risk Function – Lead a strong compliance & risk function encompassing the following:

• The provision of compliance and risk support to the Company in line with MAS’ guidelines, including monitoring and assurance activities, and providing information reporting to governing bodies.
• Implementation and administration of a robust risk monitoring program to ensure that all local monitoring activities are properly identified, documented, and performed under a risk-based approach.
• Offer risk management advice to the first line to support informed decisions and mitigate risks.
• Provide constructive feedback in relation to Investment, Operational, and emerging risk to AIAIM’s Executive Committee and Board.

Oversee Ongoing Investment and Operational Risk Oversight –

• Provide feedback and acknowledgements to the first line responsible for setting up automated controls.
• Provide feedback and advice on due diligence processes and ongoing monitoring on investments.

Perform Second Line Oversight of Errors & Breaches – Perform second line oversight of the handling and reporting of errors and breaches and coordinate with local regulators as required:

• Provide second line feedback on potential risk implications arising from breaches and errors.
• Manage independent fact-based investigations of errors and breaches in a timely manner.
• Work with management to implement appropriate follow-up actions to rectify breaches.

Perform Second Line Monitoring of Risks – Perform second line monitoring of risks via the controls embedded within AIAIM’s Governance Framework:

• Perform risk oversight and provide constructive feedback to AIAIM’s Business Risk Oversight function.
• Serve as a critical risk oversight function within Exco to keep the Board informed of risk exposures.

Collaboration and Communication – Build confident relationships based on trust and reliability with all relevant stakeholders:

• Work closely with other members of Exco to address compliance and risk-related issues.
• Facilitate risk awareness among employees throughout AIAIM.
• Collaborate with the local Legal & Investment Governance team and the Internal Audit team on compliance and/or risk-related issues.
• Engage with the Group Operational Risk function to address potential enterprise-wide risks.

Requirements

• Master’s degree in mathematics, science, accounting, business administration, finance and/or risk management or equivalent (preferred).
• A degree holder in Legal, Risk Management, Business Administration, CFA, or related principles with solid experience in asset management business.
• 15 years of working experience within an asset management business, including front-line and second-line experience.
• Relevant professional experience & designations (e.g., FRM, PRM, CIPM) is an added advantage.
• Experience in dealing with regulators is an added advantage.
• Good knowledge and hands-on experience in investment compliance systems is an added advantage.
• Highly motivated self-starter with excellent organizational skills and strong attention to detail.
• Ability to handle multiple tasks, plan time and meet deadlines, with a collaborative mentality.

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