Risk Generalist & Advisory

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Wealth Risk are an independent Second Line of Defence (2LoD) team part of WPB Risk. The team provides end-to-end risk oversight over the Wealth Management products and services (IWPB Wealth and GPB). This oversight is in support of the Non-Financial Risk (NFR) mandate of Country Head of WPB Risk, ASP GPB & Wealth CRO and ASP WPB CRO, and the team aims to provide active risk management throughout product and distribution lifecycle, in addition to bringing together the various second line risk Steward views on NFR product & distribution risk for INM Wealth & INM GPB.

Success is measured by our capacity to ensure that risks related to designing and launching new wealth products & services have been properly identified, understood, mitigated and continue to be actively monitored.

As part of the team, the Role Holder will be primarily responsible for (i) supporting the WPB Risk oversight over INM WPB Distribution of Wealth products & services as well as initiatives as part of the Asia Wealth Strategy (and other Strategic or Business Transformation initiative where agreed), and (ii) providing Risk oversight over GPB onshore business; in support of country Head of Wealth Risk, GPB & Wealth. This entails:

• Monitoring adherence to Group policies and governance standards across a range of business initiatives that extends over channels (face-to-face, digital), product types or business models.
• Managing the product governance cycle for INM Wealth products & services from a 2LOD perspective. Supporting the risk assessments of all new products & services throughout the product distribution lifecycle, in collaboration with country Wealth Management teams and in partnership with respective Risk Stewards.
• Representing GPB&W Risk Team at local Wealth governance meetings (typically, country Product Risk & Oversight Committee - PROC, SQRC, SQ Arbitration Committee, PBIN Risk Working Group, regional forum like ASP GPB & Wealth Risk Meeting).
• Ensuring WPB Product & Distribution Risks for IWPB & GPB are sufficiently mitigated via control effectiveness as accurately documented in Helios.
• Providing subject matter expertise in a number of product and policy areas to be determined with the ASP CRO GPB&W. Such areas may cover product categories (e.g. UTs/ Insurance/ Fixed Income products etc.), policies (e.g., Transaction Types and Sales Journeys FIM, Suitability and advice principles), governance.
• Supporting the INM Head of Wealth Risk - GPB & Wealth in local/ regional Wealth Risk initiatives.
• Helping determine trends and help proactively provide a forward looking view of potential risks and issues, making use of data & analytics to increase control oversight over conduct related risks
• Supporting the INM Product & Distribution Risk governance reporting.
• Providing a read-across of product and distribution risk related issues and lessons learned / the matics from 1LoD risk reports, Helios output, Ineffective and Needs Improvement 2LoD/3LoD reviews, events together with specific recommendations at country or regional level to enhance controls and mitigate risk

• University degree in Business, Finance or related discipline
• Relevant professional qualification, such as Chartered Financial Analyst, Certified Financial Planner, Financial Risk Manager or equivalent preferred
• Relevant working experience in the Wealth management / GPB business and / or Wealth product distribution
• Experience in a risk management or control function environment preferred
• Sound knowledge in Wealth management products essential (e.g. Mutual Funds, Bonds, PMS, Insurance, Equity Trading)
• Working experience in more than one banking market advantageous
• Strong analysis, decision-making and risk management and evaluation skills
• Solid communication, good negotiating, leadership and interpersonal skills
• Ability to work independently under tight timeline
• Excellent communication in English

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