Dedicated Risk & Compliance Champion (Business Banking)

Job Summary

The Dedicated Risk and Compliance Champion (DRCC) serves as the specialised first line of defense and primary subject matter expert within the Business Banking division. This role is critical in bridging the gap between central Risk and Compliance functions and front-line business operations. The DRCC will proactively identify, assess, and mitigate operational, credit, and regulatory risks, ensuring that the division's commercial strategies and daily operations strictly align with internal policies and external regulatory mandates.

2. Key Responsibilities

A. Risk Assessment & Management

• Proactive Risk Identification: Evaluate current and proposed business processes, products, and client engagements to identify potential operational, financial, and compliance risks.
• Product Risk Control Assessment (PRCA): Lead the execution, documentation, and continuous review of PRCAs for the Business Banking division, ensuring all key risks and mitigating controls are accurate and identified.
• Incident Management: Investigate risk incidents and near-misses within the division, perform root cause analysis and implement robust corrective action plans.

B. Compliance Monitoring & Governance

• Regulatory Adherence: Ensure the Business Banking team adheres to all regulatory requirements, including Anti-Money Laundering, Combating Financing of Terrorism, Know Your Customer and Customer Due Diligence protocols.
• Audit Coordination: Serve as the primary liaison for internal and external audits. Track and manage the timely remediation and closure of all audit findings and regulatory inquiries.
• Policy Implementation: Translate complex central risk policies and regulatory updates into actionable, practical workflow for the Coverage and Product team.

C. Advisory & Culture

• Business Advisory: Act as a strategic partner to business leaders, providing clear, timely guidance on the risk and compliance implication of complex commercial transaction and new business initiatives
• Training & Awareness: Design and deliver targeted training sessions for the Business Banking team to cultivate a heightened risk-awareness, ensuring staff are fully updated on emerging financial crime typologies and compliance obligations.

Requirements & Competencies

• Education: Bachelor's Degree in Business, Finance, Economics, or a related field.
• Experience: 5 - 8 years of experience in the banking sector with a strong focus on Risk Management, Compliance, Internal Audit or frontline Business Banking with a heavily embedded risk focus.
• Technical Skills:
• Product Knowledge: Deep understanding of commercial and business banking products
• Regulatory Acumen: Thorough working knowledge of local and international banking regulations, statutory guidelines and financial crime frameworks
• Analytical Skills: Strong ability to synthesize complex data, identify risk trends and make sound, risk-adjusted decisions.
• Stakeholder Management: Exceptional interpersonal and negotiation skills, with the ability to push back constructively and balance commercial objectives with strict compliance requirements
• Communications: Excellent written and verbal communication skills, capable of translating complex regulatory jargons into practical guidance for the business.