VP, Regional Governance & Risk, Singapore/Hong Kong VP, Regional Governance & Risk, Singapore/Hong  …

in Hong Kong
Permanent, Full time
Last application, 01 Dec 21
in Hong Kong
Permanent, Full time
Last application, 01 Dec 21
VP, Regional Governance & Risk, Singapore/Hong Kong
Job Description
The Role / Summary:
The VP-Regional Governance & Risk will be a new member of the APAC Regional Management team, reporting to the SVP-Head of Strategy & Business Management APAC, with dotted-line reporting to the SVP-Risk Management APAC. Working closely with the APAC Regional Management leadership and the broader senior management group, this new role will support effective governance of MIS operations in the region and the operationalization of MIS's regional risk management strategy, framework and program. VP-Regional Governance & Risk will work in close partnership with other Business and Functional Risk Liaisons in the first line of defense for the APAC region as well as in coordination with Moody's Corporation (MCO)/MIS Compliance, Legal, and Risk Management teams in the second line and Internal Audit in the third line of defense.

The VP-Regional Governance & Risk will be responsible for the organization and coordination of regional governance committees and structures, legal entity board meetings in the region, and other governance forums, ensuring there is an effective flow and review of management information, follow-ups, escalations and reporting to the relevant statutory boards and global management committees. The role will also be responsible for building awareness of risk and controls and for implementation of agreed risk control practices across all areas of the business in the region. The VP-Regional Governance & Risk will contribute to coherent approach to ensuring management accountability that meets both global standards and the requirements of individual jurisdictions in APAC. They will also support the APAC Regional Management team in interactions with regional regulatory authorities.

Specific responsibilities include:
  • Support the Regional Head APAC and other geographic managers to ensure effective governance of MIS's APAC operations. Responsibilities will include:
    • Organize and coordinate regional and jurisdiction-specific senior management committees and other governance forums, developing agendas, ensuring the provisions of timely and comprehensive information, drafting minutes, tracking and reporting on actions.
    • Draft presentations and regional updates for APAC management meetings and board meetings and for other regional or global governance forums, reporting on regional performance and developments, key risks and issues. Coordinate and cooperate with Risk Management and other control functions and with the Company Secretarial team.
    • Act as a point of liaison between MIS management and MSS functional areas supporting MIS, such as HR, Finance, Legal, to monitor that service delivery to MIS meets requirements.
    • Project manage or participate in regional regulatory projects working together with Compliance, Risk Management, Legal and GPA.
    • Project manage other projects relating to the structure and footprint of MIS's APAC operations and support stakeholder management including board members.
  • Act as the Business Risk Liaison for APAC Regional Management:
    • Monitor the adherence to MIS's Risk Appetite and provide specific inputs into MCO/MIS Risk Policies, Standards and Taxonomy. Support APAC Regional Head to embed a pro-active risk culture within the Regional Management function.
    • Lead coordination of Risk & Control Self-Assessments (RCSAs) for Regional Management in line with MIS Standards, including in relation to MCO's portfolio of investments in APAC credit rating affiliates. Identify and evaluate risk themes and trends, consolidate the results of the RCSAs and report results to the APAC Regional Head, other regional managers, MIS Board of Directors and appropriate Risk Management Committees.
    • Coordinate cross-functional implementation of issues management and the Controls Framework within the Regional Management team, reporting and monitoring control metrics and escalating past due issues as required per MIS Standards. Coordinate and lead efforts to remediate issues and exceptions identified through internal surveillance, audit or regulatory reviews, and monitor remediation programs for tolerance breaches.
    • Work with process owners to develop Key Risk Indicators (KRIs). Track KRIs for APAC business areas and MIS entities. Aggregate and report on the KRI results, identifying themes and trends and driving remediation actions to correct adverse trends.
    • Work closely with the APAC Regional Head, other regional managers and MIS Board of Directors to develop a robust data capture and reporting process to support APAC business risk reporting.
  • Generally support: (1) Regional Management in building / strengthening the risk and control agenda for business development and regional expansion initiatives, including at MCO's credit rating affiliates; (2) Regional Management, other regional managers and Directors of local subsidiaries for oversight and monitoring activities; and (3) global and regional senior managers to ensure they have taken reasonable steps to discharge their oversight responsibilities.
  • Education: Bachelor degree in Business Management or Accounting or equivalent required.
  • Experience: 8+ Years in Corporate Governance and Operational Risk Management with a financial institution OR with responsibilities among one or more of the following disciplines: Internal Audit, Internal control, Management & Risk consulting.
  • Preferably, deep understanding of operational risk frameworks and best practices having rolled out similar programs with focus on operational risk.
  • Preferred: (a) Masters degree preferred (b) 10 years of Operational Risk and/or Control experience.
Moody's is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.
Candidates for Moody's Corporation may be asked to disclose securities holdings pursuant to Moody's Policy for Securities Trading and the requirements of the position. Employment is contingent upon compliance with the Policy, including remediation of positions in those holdings as necessary.

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