Dir Risk Assess&monitoring

**Job Summary**
- This role reflects our commitment to more than just profitability—it's about living our values and upholding our brand promise, _Here for Good_. The Managed Services team, established to support Group Risk and CFCC, centralizes the production and non-judgmental activities in a service hub. This allows onshore teams to make risk-reward decisions based on judgment and expertise, influence business and regulatory outcomes and oversee strategic risk and compliance programs.
- Key Responsibilities:

- Risk Assessment: Identify risks and perform both inherent and residual risk assessments (regular and targeted).
- Control Design & Monitoring: Design controls, assess their effectiveness, and dynamically monitor risk and controls.
- Change Risk: Assess and manage risks associated with change initiatives.
- Incident Management: Manage issues and events, escalate as needed, and ensure timely reporting.
- Risk Insights: Provide actionable risk insights to business stakeholders.
- This is a global role, covering SCB's presence across Asia, Africa, the Middle East, Europe, and the Americas, and spans multiple business lines such as Retail Banking, Private Banking, Wealth Management, Transaction Banking, and Financial Markets.

**Key Responsibilities**

**Strategy**
- Understand and support the bank’s strategy to unite businesses and functions and drive organizational transformation.
- Help build world-class risk and compliance capabilities, fostering a risk-aware and client-focused environment for the bank’s next phase of growth.

**Business**
- Deliver simplified, standardized, and digitized solutions that meet compliance obligations while providing insights to the 1st Line of Defence (1LoD) for better decision-making.
- Maintain awareness of the broader business, economic, and market environment.
- Support the integration of Managed Services into the Bank’s overall Risk and CFCC management strategy.
- Build and maintain strong, effective relationships with stakeholders across all three lines of defence.
- Ensure compliance with regulatory standards while delivering key initiatives aligned to the Professional Services performance scorecard.

**Processes**
- Oversee the execution and supervision of risk identification, assessment, and monitoring processes.
- Drive process improvements, streamline workflows, and maintain up-to-date documentation.
- Enhance and simplify controls related to OTCR (Operational, Technology, and Cyber Risk), where appropriate.

**Risk Management**
- Identify insights, analyse, and assess OTCR risks, designing and implementing control frameworks to manage these risks.
- Continuously monitor risks and control environments, generating insights to enable operational or tactical risk responses.
- Development of basic MI to support Coverage and SME actions. (i.e., trends)
- Conduct deep dives into material, emerging, or unknown risks to enable appropriate risk mitigation.
- Manage issues as they arise, performing root cause analysis, lessons learned, and remediation efforts.
- Assess the impact of business changes on OTCR risks and manage them proactively for sustainable growth.
- Provide business advisory on risks related to policy, regulations, business changes, or product innovations.
- Collaborate with OTCR product owners to enhance risk management products and services, utilizing regtech and data analytics.
- Liaise with internal audit and assurance teams to address any OTCR weaknesses and ensure action plans are in place.
- Work with other OTCR Coverage and SME teams to anticipate horizon risks and develop strategies to mitigate them.

**People & Talent**
- Contribute to a culture of openness, trust, and risk awareness, embodying the Bank’s values.
- Promote an environment that supports knowledge exchange, continuous learning, agile working, prioritization, and collaboration.
- Maintain strong relationships with the wider Professional Services team and other key stakeholders, including CFCC and OTCR teams.
- Provide constructive feedback and development opportunities to colleagues.
- For Team Leader:

- Set clear expectations and collaborate effectively with all stakeholders.
- Ensure team members are suitably skilled and receive the training needed to mitigate risks.
- Review team structure and capacity to ensure effectiveness.
- Monitor performance, provide feedback, and recognize achievements in line with set objectives.

**Governance**
- Develop and implement a risk-based compliance framework for managing OTCR risks.
- Establish and recommend risk assessment standards across OTCR risk types, ensuring compliance with all relevant regulations.
- Escalate potential OTCR risks to senior management through appropriate governance channels.
- Manage the end-to-end lifecycle of audit, assurance, and regulatory reviews related to Professional Services, including tracking and remediation.

**Regulatory & Business Conduct**
- Display exemplary conduct and live by the Group’s Values