Risk Principal
AIA CareersTaguigUpdate time: June 18,2021
Job Description
Bring your career aspirations to life with AIA!
The Trust Corporation (“TC”) Risk Officer shall support the entity’s Head of Compliance and Risk in carrying out the second-line function as envisaged under the TC’s governance framework (“Governance Framework”) which is designed to address the management of risk at TC covering, among others, strategic risk, financial risk and operational risk by (i) formulating and continuously reviewing the risk-related policies and procedures established under the TC’s governance framework taking into account the applicable internal requirements (including those under the AIA Investment Governance Framework) as well as the applicable local statutory and regulatory requirements and (ii) executing the relevant controls embedded in such policies and procedures in a robust and effective manner.ROLES AND RESPONSIBILITIES:
- Formulate, review and implement the risk-related policies and procedures established under the TC’s governance framework (including, among others, the TC’s Investment Operational Risk and Control Assessment Policy) taking into account the applicable internal requirements (including those under the AIA Investment Governance Framework) as well as the applicable local statutory and regulatory requirements.
- Assist the entity’s Head of Compliance and Risk in preparing regular reports on key operational risk indicators covering the relevant “Level 2 Key Operational Risks” (such as conduct, execution, delivery and process management, external events, financial crime, fraud, people, information technology as well as legal and compliance) in accordance with the pre-defined “Operational Risk Assessment Matrix”.
- Review and provide feedback on the internal risk and control assessment reports prepared under the TC’s Investment Operational Risk and Control Assessment Policy covering all the relevant departments and sub-teams at the TC while addressing their key operational risks in pre-defined areas covering “Level 2 Key Operational Risks” and “Level 3 Key Operational Risks”.
- Review and provide feedback to the relevant departments and sub-teams at the TC concerning the preparation of the Assurance Reports on Controls under the International Standard on Assurance Engagement 3402 (“ISAE 3402 Reports”) by external auditor covering, among others, TC’s control environment and risk assessment.
- Provide feedback to the relevant departments and sub-teams at the TC in identifying, measuring and monitoring markets, credit, operational and liquidity risk associated with all trust products/services and mandates under the TC’s governance framework while addressing the applicable local statutory and regulatory requirements.
- Undertake regular monitoring programs in accordance with the relevant policies and procedures established under the TC’s governance framework.
- Collaborate with local departments and sub-teams as well as Group Risk & Compliance counterparts to appropriately address the applicable risk-related Group-wide requirements under the TC’s governance framework.
- Attend to regulatory issues relating to risk management.
- Influence and shape the organization’s Risk Management culture over the long term.
- Assist in addressing risk-related matters at the internal executive committee and other relevant committee meetings.
MINIMUM JOB REQUIREMENTS:
- At least 5 - 7 years of experience in financial risk, operational risk, and fraud risk management in first line
- Good understanding of key risk and control concepts, tools and trends across all facets of risk management
- Experience in Financial Risk Management, Risk Analytics, Valuations, Risk Methodologies and processes, etc. at industry or organisation level
- Excellent communication skills in an international environment
- Team player who works effectively under pressure and have the ability to multitask and prioritise workload
- CFA/CPA/FRM/other risk professional qualifications, and/or in process of completing these qualification is a plus
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