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Join to apply for the CRO - Non-Financial Risk Management - Director role at Deutsche Bank

Join to apply for the CRO - Non-Financial Risk Management - Director role at Deutsche Bank

Details of the Division and Team:

The Chief Risk Office (CRO) function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture. Deutsche Bank has been named Bank Risk Manager of the Year by the leading publication risk.net for the second consecutive year (2020 & 2021).

Position Overview

Details of the Division and Team:

The Chief Risk Office (CRO) function has Group-wide responsibility for the management and control of all credit, market, operational, enterprise and liquidity risks and has the responsibility of continual development of methods for risk measurement, frameworks and creating a bank wide strong risk culture. Deutsche Bank has been named Bank Risk Manager of the Year by the leading publication risk.net for the second consecutive year (2020 & 2021).

Non-Financial Risk Management (NFRM) is a department within the CRO function. As a second line of defence function, NFRM is responsible for oversight across all aspects of non-financial risk, including risk identification and assessment, control framework, risk appetite and scenario analysis.

The purpose of the NFRM function is to ensure that the banks Non-Financial Risk exposure is adequately managed in-line with the group wide risk appetite and NFRM framework. To achieve this the NFRM function requires:

• Risk Managers with the right balance of experience, seniority and tools to assess complex risks and intervene where they lie outside the bank’s risk appetite.
• A comprehensive, integrated, simple and easy to use NFR Framework with supporting technology that assists risk identification, assessment and remediation.
• Strong understanding of the businesses combined with regular engagement which would allow NFRM to provide support, review and challenge in line with the 3 Lines of Defence Model.
• Close coordination with all Second Line Risk Type Controllers to facilitate the production of a holistic view of NFR.
• Proper consideration of emerging risks, rather than just current issues.
• Effective governance combined with supporting MI that facilitates decision-making.
  
  
  

• Flexible benefits plan including virtual doctor consultation services
• Comprehensive leave benefits
• Gender Neutral Parental Leave
• Flexible working arrangements
• 25 days of annual paid leave, plus public holiday & Flexible Working Arrangement
  
  
  

• Leadership for the Emerging Asia team within NFRM. Provide strategic leadership with leading the oversight of the 1st line with a focus on Business Processes and Resiliency.
• Responsible for material non-financial risk risk type in coverage countries.
• Regional lead for Third Party Risk, Data & Records, and Operational Resilience and Business Continuity.
• Business line engagement for countries of coverage and regional lead for Corporate Bank.
• Partnering across NFRM with key stakeholders to develop insight into the key risk themes that are impacting the 1st line
• Lead the review and challenge of NFRM risk themes into the CB and escalation of key concerns to 2nd line for in the region.
• Provide support for the 1st line where required on adoption of NFRM risk frameworks
• Provide regulatory and external leadership of the topics, focusing on the risk management needs.
  
  
  

• Minimum 10 years of experience in Financial Institutions with exposure to Corporate Banking or Investment Banking
• Proven experience in Operational Risk and the implementation across financial industry and can strategically lead such topics with key stakeholders
• Proven experience in Third Party risk management, Operational Resilience and/or Data & Records, its implementation across financial industry and can strategically lead such topics with regulators.
• Minimum 3 years in managing a team
• Demonstrable experience of developing strong working relationships with business areas to facilitate successful risk management within the 3 Lines of Defence model
• Worked with Senior Stakeholders within a high pressure dynamic environment.
• Appreciation of the regulatory environment and more broadly the regulator perspectives on supply chain risk management
  
  
  

• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression
• A range of flexible benefits that you can tailor to suit your needs
• Training and development to help you excel in your career
  
  
  

• Seniority level Not Applicable

• Employment type Full-time

• Job function Finance and Sales

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Date: 26 May 2025

Service Line / Portfolios: Risk, Regulatory & Forensic

Location:

Singapore, Singapore, SG

Are you ready to unleash your potential?

At Deloitte, our purpose is to make an impact that matters for our clients, our people, and the communities we serve.

We believe we have a responsibility to be a force for good, and WorldImpact is our portfolio of initiatives focused on making a tangible impact on society’s biggest challenges and creating a better future. We strive to advise clients on how to deliver purpose-led growth and embed more equitable, inclusive as well as sustainable business practices.

Hence, we seek talented individuals driven to excel and innovate, working together to achieve our shared goals.

We are committed to creating positive work experiences that foster a culture of respect and inclusion, where diverse perspectives are celebrated, and everyone is recognised for their contributions.

Ready to unleash your potential with us? Join the winning team now!

What you will do

• Client Engagement: Build strong relationships with clients, understanding their unique business needs and risk profiles. Proactively identify opportunities to deliver value-added solutions.
• Business Development: Contribute to business development efforts by identifying new opportunities, preparing proposals, and presenting solutions to potential clients.
• Team Leadership: Lead and mentor a team, fostering a collaborative and high-performing environment.
• Risk Assessment and Advisory: Conduct assessments of clients' financial risk exposures, including market risk, credit risk including risk exposures, portfolios analysis, and stress testing, operational risk, as well as liquidity risk. Provide strategic advice on risk mitigation strategies.
• Model Development and Validation: Oversee the development and validation of advanced risk models. Ensure adherence to regulatory standards and industry best practices.
• Regulatory Compliance: Stay abreast of evolving regulatory requirements.
• Thought Leadership: Stay updated on industry trends and emerging risks. Share insights through publications, presentations, and thought leadership initiatives.

Your role as a leader:

At Deloitte, we believe in the importance of empowering our people to be leaders at all levels. We connect our purpose and shared values to identify issues as well as to make an impact that matters to our clients, people and the communities. Additionally, Directors across our Firm are expected to:

• Actively seek out developmental opportunities for growth, act as strong brand ambassadors for the firm as well as share their knowledge and experience with others.
• Respect the needs of their colleagues and build up cooperative relationships.
• Understand the goals of our internal and external stakeholder to set personal priorities as well as align their teams’ work to achieve the objectives.
• Constantly challenge themselves, collaborate with others to deliver on tasks and take accountability for the results.
• Build productive relationships and communicate effectively in order to positively influence teams and other stakeholders.
• Offer insights based on a solid understanding of what makes Deloitte successful.
• Project integrity and confidence while motivating others through team collaboration as well as recognising individual strengths, differences, and contributions.
• Understand disruptive trends and promote potential opportunities for improvement.

You are someone with:

• Solid academic background with a Degree in Statistics, Data Science / AI, Financial Engineering, Financial Economics, Quantitative Finance, or other relevant post graduate degree.
• At least 12years proven experience in financial risk management, with a strong focus on model development and validation with credit risk experience preferable.
• Deep understanding of regulatory frameworks.
• Expertise in advanced statistical and quantitative techniques, including machine learning and econometrics.
• Strong leadership skills and the ability to manage and motivate teams.
• Excellent communication and presentation skills.
• Strong analytical and problem-solving abilities.
• Proficiency in relevant software tools and programming languages.
• Industry Experience: Experience in the banking, insurance, or financial services industry is preferred.
• Certifications: Relevant certifications (e.g., FRM) are advantageous.
• International Experience: Experience working with clients in multiple jurisdictions is a plus.
  

Due to volume of applications, we regret only shortlisted candidates will be notified.

Please note that Deloitte will never reach out to you directly via messaging platforms to offer you employment opportunities or request for money or your personal information. Kindly apply for roles that you are interested in via this official Deloitte website.

Requisition ID: 108011

In Singapore, the services are provided by Deloitte and other related entities in Singapore("Deloitte in Singapore"), which are affiliates of Deloitte Southeast Asia Ltd. Deloitte Southeast Asia Ltd is a member firm of Deloitte Touche Tohmatsu Limited. Deloitte in Singapore, which is within the Deloitte Network, is the entity that is providing this Website.

Banking Department is keen to recruit a Financial Risk Specialist to support the supervision of financial institutions’ trading activities and management of the attendant risks.

As a Financial Risk Specialist, you will be part of a team in charge of:

• Identifying system-wide market risks in the banking sector by analysing regulatory risk returns and publicly available data.
• Assessing banks’ management of market risk by reviewing the adequacy of banks’ management oversight, framework, policies, systems and controls.
• Evaluating banks’ front office controls, risk management and valuation processes and methodologies, as well as their valuation, market and counterparty risk models.
• Researching into new risk management techniques/framework in response to market developments; and
• Issuing supervisory guidance to industry on thematic topics as part of capacity building and uplifting of industry practices.

Requirements :

• Market risk management experience with a financial institution preferred.
• Strong interest in developments in the financial markets.
• Good knowledge of financial products and their related financial risks.
• Proficient in use of analytical tools/software.
• Inquisitive, analytical, quantitative, and has an eye for detail.
• Ability to communicate technical knowledge well, both spoken and in writing.
• Relevant certification in Quantitative Finance or professional qualifications like CFA, PRM or FRM will be advantageous.

As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment.

All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.

What the role is:

The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator.

As central bank, MAS promotes sustained, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector.

As an integrated financial supervisor, MAS fosters a sound financial services sector through its prudential oversight of all financial institutions in Singapore – banks, insurers, capital market intermediaries, financial advisors, and stock exchanges. It is also responsible for well-functioning financial markets, sound conduct, and investor education.

MAS also works with the financial industry to promote Singapore as a dynamic international financial centre. It facilitates the development of infrastructure, adoption of technology, and upgrading of skills in the financial industry.

Join us now, if you have a genuine interest in making an impact to help shape Singapore’s economic and financial landscape.

Banking Department is keen to recruit a Financial Risk Specialist to support the supervision of financial institutions’ trading activities and management of the attendant risks.

As a Financial Risk Specialist, you will be part of a team in charge of:

• Evaluating banks’ front office controls, risk management and valuation processes and methodologies, as well as their valuation, market and counterparty risk models. Crafting supervisory guidance, as needed, to raise the quality of market risk management will also be part of this responsibility.

• Identifying system-wide risks in the banking sector by analysing regulatory risk returns and developing risk indicators using supervisory and publicly available data.

• Researching into new risk managementtechniques/frameworkin response to market developments;and

• Providing consultation in the areas of risk analytics, risk modelling and valuation practices to other departments within MAS.

• Front office or market risk management experience with a financial institution preferred.

• Strong interest in developments in the financial markets.

• Good knowledge of financial products and their related financial risks.

• Proficient in use of analytical tools/software.

• Inquisitive, analytical, quantitative, and has an eye for detail.

• Ability to communicate technical knowledge well, both spoken and in writing.

• Relevant certification in Quantitative Finance or professional qualifications like CFA, PRM or FRM will be advantageous.

This is a 1-year contract position. As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment.

All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.

About Monetary Authority of Singapore

MAS is the central bank of Singapore. Our mission is to promote sustained non-inflationary economic growth, and a sound and progressive financial centre.

Join to apply for the Executive Director, Non-Financial Risk Management and Oversight role at Standard Chartered Singapore

Join to apply for the Executive Director, Non-Financial Risk Management and Oversight role at Standard Chartered Singapore

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Job Summary

The role-holder will report to the Head of Conduct & Non-Financial Risk Management & Oversight, acting as a Executive Director of Non-Financial Risk (NFR) Management across the Corporate and Institutional (CIB) Business / our International Markets supporting the strategic direction and providing guidance to key stakeholders across the CIB businesses to ensure the adoption, embedding and sustainability of the process and control framework. The role holder will play a key role in owning and driving initiatives for non-financial risk management, including providing subject-matter expertise for conducting / overseeing first-line thematic risk reviews; root cause reviews; ‘read-acrosses’ and drive control enhancements to improve risk management.

Job Summary

The role-holder will report to the Head of Conduct & Non-Financial Risk Management & Oversight, acting as a Executive Director of Non-Financial Risk (NFR) Management across the Corporate and Institutional (CIB) Business / our International Markets supporting the strategic direction and providing guidance to key stakeholders across the CIB businesses to ensure the adoption, embedding and sustainability of the process and control framework. The role holder will play a key role in owning and driving initiatives for non-financial risk management, including providing subject-matter expertise for conducting / overseeing first-line thematic risk reviews; root cause reviews; ‘read-acrosses’ and drive control enhancements to improve risk management.

The role-holder will also provide and demonstrate effective oversight of the key frameworks including the design and delivery of initiatives and project-based activity to enhance the process and control framework in an efficient and sustainable manner driving a culture of excellence.

The role-holder will demonstrate strong Subject Matter Expertise (SME) across the non-financial risk spectrum thereby contributing to the early and pro-active identification of risks whilst fostering a collaborative culture to address these. The successful candidate will play a critical role in enhancing non-financial risk awareness around frameworks, developing management information and data led capabilities, and supporting the deployment of risk mitigation strategies.

Responsibilities

Strategy

• Provide CIB wide coverage and oversight of non-financial risk management to ensure these are effectively embedded across all businesses.
• Monitor and respond to emerging and horizon risks impacting CIB and drive the review of processes, controls and frameworks where required, to ensure these are effectively managed.
• Act as a champion for strategic design and or change initiatives and the implementation thereof to enhance non-financial risk capabilities across the CIB businesses.
  
  

• Demonstrate a deep understanding of the CIB businesses.
• Partner with the different business teams to drive the NFR agenda and become a trusted advisor and team player focused on delivering the right risk management outcomes for CIB.
• Co-ordinate, drive and deliver business wide review activities across the business areas within CIB.
  
  

• Lead, drive, co-ordinate as appropriate review teams to drive effective, practical, and timely review and evaluation of standards, identifying gaps and opportunities for enhancement or efficiency gains.
• Collaborate with key stakeholders across the CIB business and other areas as may be the case to ensure a risk-based approach in the execution of control monitoring and risk management activities.
• Identify and support opportunities to enhance and uplift control design working across teams to ensure the control framework is robust and effective in mitigating risk.
  
  

• Demonstrate an inquisitive mindset that will continually look to push the status quo on risk management.
  
  

• Conduct review and oversight activities to ensure effective and efficient processes are in place to identify, manage, monitor, and report on non-financial risk across CIB.
• Produce and provide regular, clear, risk focused updates for business management demonstrating delivery against agreed objectives and effective action across the CIB businesses.
• Advise and guide CIB businesses on evolving non-financial risk threats, industry trends and the external regulatory environment
• Partner with Process Owners to ensure controls are optimally and sustainably designed to mitigate risks and effective outcomes are driven from Risk and Control Self-Assessment Processes.
  
  

• Report and escalate on a timely basis into the appropriate governance forum on risks and issues, control weaknesses, incidents, and review activities as applicable
• Promote and maintain a strong and effective first line of defence risk culture across the CIB businesses.
• Engage in a collaborative and pro-active manner with key stakeholders across the second and third lines, and external as applicable, to ensure issues and feedback is acted upon timely.
• Support risk reporting in formal risk governance meetings through taking ownership / participating insight risk governance papers to appraise senior management on first line risk management activities.
  
  

• Display exemplary conduct and live by the Group’s Values and Code of Conduct
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.
  
  

• CIB MT
• CIB COO MT
• CIB Heads of Conduct and Controls
• CIB Chief Risk Officer
• CIB Head of Global Internal Audit
• External – regulatory authorities and external audit
  
  

• Embed Here for good and Group’s brand and values in Singapore CIB Conduct and Control Team
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.
  
  

• 10+ years of experience in financial services preferably corporate banking
• A strong audit and or risk and control background
• Data-oriented personality with a client centric mindset
• Strong communication and influencing skills
• Exposure to working with multi-cultural/geographic teams and prior experience working in a matrixed environment
• Desirable - risk management certification / qualification
  
  

• Business Markets
• Risk Management
• Data Gathering & Analysis
• Effective Communication
  
  

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term
  
  

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.
  
  

• Seniority level Not Applicable

• Employment type Full-time

• Job function Finance and Sales
• Industries Banking

Referrals increase your chances of interviewing at Standard Chartered Singapore by 2x

We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.

JOB SUMMARY
The role-holder will report to the Head of Conduct & Non-Financial Risk Management & Oversight, acting as a Executive Director of Non-Financial Risk (NFR) Management across the Corporate and Institutional (CIB) Business / our International Markets supporting the strategic direction and providing guidance to key stakeholders across the CIB businesses to ensure the adoption, embedding and sustainability of the process and control framework. The role holder will play a key role in owning and driving initiatives for non-financial risk management, including providing subject-matter expertise for conducting / overseeing first-line thematic risk reviews; root cause reviews; ‘read-acrosses’ and drive control enhancements to improve risk management.

The role-holder will also provide and demonstrate effective oversight of the key frameworks including the design and delivery of initiatives and project-based activity to enhance the process and control framework in an efficient and sustainable manner driving a culture of excellence.

The role-holder will demonstrate strong Subject Matter Expertise (SME) across the non-financial risk spectrum thereby contributing to the early and pro-active identification of risks whilst fostering a collaborative culture to address these. The successful candidate will play a critical role in enhancing non-financial risk awareness around frameworks, developing management information and data led capabilities, and supporting the deployment of risk mitigation strategies.

RESPONSIBILITIES

Strategy

• Provide CIB wide coverage and oversight of non-financial risk management to ensure these are effectively embedded across all businesses.
• Monitor and respond to emerging and horizon risks impacting CIB and drive the review of processes, controls and frameworks where required, to ensure these are effectively managed.
• Act as a champion for strategic design and or change initiatives and the implementation thereof to enhance non-financial risk capabilities across the CIB businesses.

Business

• Demonstrate a deep understanding of the CIB businesses.
• Partner with the different business teams to drive the NFR agenda and become a trusted advisor and team player focused on delivering the right risk management outcomes for CIB.
• Co-ordinate, drive and deliver business wide review activities across the business areas within CIB.

Processes

• Lead, drive, co-ordinate as appropriate review teams to drive effective, practical, and timely review and evaluation of standards, identifying gaps and opportunities for enhancement or efficiency gains.
• Collaborate with key stakeholders across the CIB business and other areas as may be the case to ensure a risk-based approach in the execution of control monitoring and risk management activities.
• Identify and support opportunities to enhance and uplift control design working across teams to ensure the control framework is robust and effective in mitigating risk.

People & Talent

• Demonstrate an inquisitive mindset that will continually look to push the status quo on risk management.

Risk Management

• Conduct review and oversight activities to ensure effective and efficient processes are in place to identify, manage, monitor, and report on non-financial risk across CIB.
• Produce and provide regular, clear, risk focused updates for business management demonstrating delivery against agreed objectives and effective action across the CIB businesses.
• Advise and guide CIB businesses on evolving non-financial risk threats, industry trends and the external regulatory environment
• Partner with Process Owners to ensure controls are optimally and sustainably designed to mitigate risks and effective outcomes are driven from Risk and Control Self-Assessment Processes.

Governance

• Report and escalate on a timely basis into the appropriate governance forum on risks and issues, control weaknesses, incidents, and review activities as applicable
• Promote and maintain a strong and effective first line of defence risk culture across the CIB businesses.
• Engage in a collaborative and pro-active manner with key stakeholders across the second and third lines, and external as applicable, to ensure issues and feedback is acted upon timely.
• Support risk reporting in formal risk governance meetings through taking ownership / participating insight risk governance papers to appraise senior management on first line risk management activities.

Regulatory & Business Conduct

• Display exemplary conduct and live by the Group’s Values and Code of Conduct
• Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
• Effectively and collaboratively identify, escalate, mitigate, and resolve risk, conduct and compliance matters.

Key Stakeholders

• CIB MT
• CIB COO MT
• CIB Heads of Conduct and Controls
• CIB Chief Risk Officer
• CIB Head of Global Internal Audit
• External – regulatory authorities and external audit

Other Responsibilities

• Embed Here for good and Group’s brand and values in Singapore CIB Conduct and Control Team
• Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

Our Ideal Candidate

• 10+ years of experience in financial services preferably corporate banking
• A strong audit and or risk and control background
• Data-oriented personality with a client centric mindset
• Strong communication and influencing skills
• Exposure to working with multi-cultural/geographic teams and prior experience working in a matrixed environment
• Desirable - risk management certification / qualification

Role Specific Technical Competencies

• Business Markets
• Risk Management
• Data Gathering & Analysis
• Effective Communication

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Recruitment Assessments

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

Visit our careers website

Your new company

This leading financial institution is renowned for its commitment to excellence and innovation in the banking sector. Our client prides itself on fostering a dynamic and inclusive work environment where employees are encouraged to grow and succeed. With a strong presence in the market, they are dedicated to providing top-notch financial services to our clients.

Your new role

As a key member of the Market Risk unit, you will play a pivotal role in ensuring that all material market risks are identified, measured, managed, and controlled prudently. You will be responsible for developing, implementing, and improving market risk methodologies, frameworks, and systems, working closely with the local treasury and risk management team. Your daily tasks will include evaluating trading and investment activities, monitoring market risks, and preparing comprehensive reports on market risk exposures and assessments. Additionally, you will manage market risk projects, support regulatory compliance, and provide essential support for anti-money laundering and counter-terrorist financing requirements. This position offers a unique opportunity to make a significant impact on the bank’s risk management strategies and contribute to the overall success of our organization.

What you'll need to succeed

In order for you to be successful in this position you will have:

• Bachelor’s degree in Finance, Accounting, Mathematics or a related field
• Minimum of 4 years of experience in market risk or quantitative analysis within the financial services industry
• Sound knowledge and experience in trading and market risk methodologies
• Excellent analytical and problem-solving skills
• Strong communication and interpersonal skills

What you'll get in return

In return for your dedication and hard work, you will be rewarded with:

• A highly competitive salary and benefits package
• Opportunities for professional development and career advancement
• A supportive and collaborative work environment
• The chance to make a significant impact on the organisation’s risk framework

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or call us now.

If this job isn't quite right for you but you are looking for a new Governance position, please contact Jet Wong at +65 6027 2245 or email for a confidential discussion on your career.

EA Registration No. R24124357

Company Registration No. 200609504D

EA License No. 07C3924

• Advise and support departments in Operational Risks identification, assessment and controls of business processes
• Review, update and maintain documentation for Operational Risk Management , Fraud Management and New Product Management policies and procedures
• Work with departments in reporting of Operational risk events , establish root cause(s) and appropriate mitigation action plan(s)
• Support initiatives and reviews on Operational Risks (including fraud risks) for implementation and enforcement of Incidence reporting, Key Risk Indicator (KRI), and other initiatives rolled out by Head Office
• Facilitate, lead and provide oversight on Outsourcing Risks engaged by the bank to ensure the outsourcing risk exposure are within acceptable control, perform due diligence and risk assessment of Outsourcing Service Providers in accordance to MAS Outsourcing Notice
• Analyze and mitigate Operational Risk arising from New Product, provide support in New Product Approval process and acting as theSecretariat of the New Product Committee
• Oversee bank-wide Policies and Procedures (P&P) Management, including initiating of periodic P&P management task, facilitating, maintaining and managing all required activities related to updating and publishing policies and procedures in P&P system
• Prepare relevant Operational risk reports and presentation materials to Risk Management Committee (RMC), Senior Management, Head office and regulator
• Any other work assigned from time to time by supervisor or the Management

Joy Yeow Zhi Qian

(CEI Registration No:R2096261)

Recruit Express Pte Ltd (EA Licence No: 99C4599)

Join to apply for the Credit Risk (Financial Services) Senior Manager/Manager, Risk Consulting role at EY .

At EY, you’ll have the chance to build a unique career with global support, an inclusive culture, and advanced technology, helping you become your best self. We value your perspective to improve EY and build a better working world for all.

We are the only professional services organization with a dedicated financial services division. Join our Financial Services (FSO) team to work with international, multidisciplinary teams across industry sectors like asset management, banking, insurance, and private equity, providing integrated consulting, assurance, tax, and transaction services.

As part of the Financial Services Risk Management (FSRM) practice, you will deliver comprehensive risk management services to financial institutions, focusing on quantitative credit risk-related offerings.

• Lead or support EY services through business development, project planning, and execution.
• Work on projects involving credit risk model development and validation for Retail, Commercial, and Corporate banking.
• Innovate risk models using AI, machine learning, deep learning, and alternative data.
• Perform data analytics for risk domains.
• Implement credit risk management technology and data solutions, understanding vendor offerings.
• Create visualization tools and dashboards for risk analysis.

• Deep knowledge of modeling techniques and experience with PD, LGD, EAD, ECL models.
• Strong quantitative skills, including AI and machine learning.
• Experience with Python, R, VBA, SAS, Tableau, Power BI, SQL.
• Excellent interpersonal, teamwork, leadership, and project management skills.
• Proficient in PowerPoint, Word, Excel.

• At least 6 years of relevant experience in quantitative credit risk, preferably in consulting.
• Graduate degree in a related field (Computational Finance, Mathematics, etc.) is preferred.
• Hands-on experience with credit risk models, including ECL/IFRS9, Basel, IRB, and credit scorecards.
• Proficiency in Python, R, SAS.
• Additional desirable skills: Credit Stress Testing, Portfolio Management, EWS, advanced analytics, credit risk frameworks, Climate Risk Stress Testing.
• Industry certifications like FRM, CFA, CPA/CA are a plus.

Motivated problem-solvers with excellent communication skills, adaptable to a fast-changing environment, and eager to develop their careers within a collaborative organization.

• Continuous learning opportunities.
• Flexible tools and environment for meaningful impact.
• Leadership development through coaching and insights.
• Diverse, inclusive culture that values your authentic self.

EY aims to build a better working world by creating long-term value for clients, people, and society. With teams in over 150 countries, we leverage data and technology to provide assurance, help clients grow, and address complex global issues.