Jobfoundry
Jobfoundry
CIMB

Head of Risk and Control - PB SG

CIMB
BusinessSingaporeFull-time2 months ago
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About the role

AI summarised

Head of Risk and Control for Private Banking Singapore, responsible for developing and maintaining the governance and risk management framework, advising the business on regulatory and financial crime risks, and leading the risk and control team. This is a senior leadership role at a bank, requiring deep expertise in MAS regulations and private banking governance.

BusinessFull-timeGeneral

Key Responsibilities

  • Develop, implement, and maintain a robust Private Banking governance and risk management framework aligned with Group standards, MAS requirements, and industry best practices.
  • Ensure policies, procedures, and controls adequately support responsible business growth and evolving regulatory expectations.
  • Set governance priorities and key focus areas, incorporating regulatory themes, risk assessments, and business strategy.
  • Represent Private Banking Singapore at relevant governance and risk committees, including Financial Crime Risk Committee (FCRC), Operational Risk Committee (ORC), Fair Dealing Committee (FDC), PB SG Operational Risk & Governance Committee (ORGC).
  • Act as the primary governance and risk advisor to the Private Banking Singapore business on regulatory, compliance, AML/CFT, financial crime, and operational risk matters.
  • Maintain strong oversight of client risk profiling, source of wealth/funds assessments, and ongoing monitoring standards.
  • Maintain effective working relationships with key internal stakeholders, including Compliance, Legal, Risk Management, Operations, and Group Governance.
  • Provide clear, practical governance guidance that enables informed business decision‑making.
  • Coordinate and manage internal and external audits, ensuring timely remediation of findings and sustainable closure of issues.
  • Lead, manage, and develop the Private Banking Governance/Risk & Control team, ensuring adequate resourcing, capability, and succession planning.
  • Foster a strong risk culture, accountability, and professionalism within the team.
  • Ensure team members receive appropriate training to stay current with regulatory developments, financial crime trends, and industry best practices.

Requirements

  • University Degree or equivalent qualification in Business Administration, Banking, Finance, Economics or related field.
  • Professional certifications (e.g. ACAMS, ICA, CFA, FRM) are advantageous.
  • Minimum 12–15 years of relevant experience in Private Banking, Wealth Management Governance, Risk, Compliance, or Financial Crime.
  • Prior experience in a regulated financial institution in Singapore.
  • Strong expertise in MAS regulations, Private Banking governance, AML/CFT, and financial crime risk.
  • Proven leadership experience within Private Banking, Wealth Management, Risk, Compliance, or Governance functions.
  • Strong stakeholder management and communication skills, including engagement with senior management and regulators.
  • Well informed of the market competitive structure, industry practices and regulations for the Private Banking segment.
  • Strong analytical, escalation, and decision‑making capabilities.