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Urgent! Risk Advisory Business Partner (Front Office Operations Risk) Job Opening In Hong Kong, Hong Kong – Now Hiring TP ICAP

Risk Advisory Business Partner (Front Office Operations Risk)



Job description

Role Overview

A Risk Advisory Business Partner works closely with the business units to identify, assess, and mitigate operational and financial risks.

They integrate risk management into strategic and change management initiatives, ensuring alignment with business objectives.

Additionally, they provide expert advice and support in mitigating and managing risk exposure in a commercial way, deliver meaningful analysis and reporting to both the business and senior management, ensure compliance with the risk framework and business continuity management requirements, and conduct training to enhance risk awareness and competency across the organisation.

Role Responsibilities

Risk Identification and Assessment

  • Collaborate with the business to identify and assess its material risks from business-as-usual activities, emerging risks, strategic initiatives and change programmes - ensuring these are understood as part of commercial and decision-making processes
  • Support the business in conducting risk assessment activities (e.g. Risk and Control Self-Assessment, Top-Down Risk Assessment, Scenario Analysis, Root Cause Analysis), and apply expertise to challenge assumptions and ensure assessments are thorough and complete
  • Risk Appetite

  • Work proactively with the business to define the Group’s risk appetite, including thresholds and key risk indicator (KRI) metrics, ensuring alignment with the business’s activities and risk profile
  • Review the business’s risk profile against the defined risk appetite and collaborate to identify appropriate actions for risks that fall outside acceptable parameters
  • Strategic Risk & Change Management

  • Partner with the business to identify, assess, and manage risks that may hinder the achievement of its long-term strategic objectives
  • Support the assessment of risks related to strategic initiatives (e.g. M&A, new product development, new business ventures), including financial, operational, regulatory, and cultural impacts- ensuring informed decision making and smooth execution.
  • Review new business requests as part of the Change Management Process to ensure a complete and accurate understanding of the initiative and its risk profile, and confirm that appropriate mitigation actions are taken by the business and support functions
  • Risk Mitigation and Management

  • Ensure the business actively and appropriately manages its end-to-end risk profile in a commercially sound manner
  • Partner with the business to evaluate the adequacy of control and policy frameworks in mitigating inherent risks, and challenge assumptions to ensure controls are effective 
  • Support and challenge the business in identifying and addressing deficiencies in its control and policy frameworks
  • Provide constructive challenge to:ensure plans to address control deficiencies are robust and timelyConfirm that risk-based analysis has been conducted to assess the impact of risk acceptance on the business's risk profile
  • As needed, collaborate on or conduct assurance activities, including control testing and targeted risk reviews on key topics across the Group 
  • Risk Monitoring and Reporting

  • Support the business in monitoring its end-to-end risk profile, ensuring the production of appropriate MI, analysis, and commentary, including:Performance of risk appetite metrics and KRIs against established thresholdsSignificant internal and external risk events that could impact the business, and the Group’s response to reduce recurrenceStatus of significant issues and remediation effortsIdentified risks and proposed mitigation actionsRisk-related data (e.g., events, issues, metrics) to identify meaningful trendsAssurance activities conducted by the Risk team
  • Participate in regular engagement and management meetings to provide an independent second-line view of the business’s risk profile
  • Provide monthly updates on risk-related MI, emerging threats, and analysis for Risk Leadership Team meetings
  • Draft commentary for risk committees as required
  • Events, Issues, Risk Acceptances and Policy Breaches

  • Support the business in:Taking immediate action to mitigate or contain significant events and escalating them appropriatelyManaging day-to-day risk matters in accordance with the risk framework
  • Provide quality assurance over events, issues and policy breaches
  • Assist the business in conducting deep dives into significant internal and external events, ensuring controls are adequate and effective.

    Where deficiencies are identified, ensure remediation plans are developed and executed
  • Business Continuity Planning and Crisis Management

  • Provide independent oversight of business continuity plans to ensure operational resilience during and after disruptions
  • Support the development and execution of remediation plans where gaps are identified during Business Continuity tests, and ensure plans are executed in a timely manner and updated accordingly
  • Partner with the business to coordinate with crisis management teams, ensuring effective response and recovery actions in line with the Group’s crisis management framework
  • Training and Awareness

  • Promote a risk-aware culture across the business by coordinating and conducting training sessions to enhance risk awareness and competency
  • Raise awareness of risk management practices, leveraging Risk function’s business engagement strategy
  • Experience / Competences

    Essential

  • Experience working in an Operational Risk program within a medium to large financial institution, ideally in an IDB or Capital Markets environment.

    Additional risk-related experience is a plus
  • Bachelor’s degree in business, accounting, finance, or a related field; equivalent experience or a relevant professional certification is also acceptable
  • Solid knowledge of the financial services industry and the regulatory framework in APAC
  • Strong understanding of fixed income, equities, foreign exchange and emerging markets products.

    Familiarity of electronic and algorithmic trading is a plus
  • Good understanding of the post-trade workflow supporting the above products
  • Good understanding of risk models and measures, as well as industry best practices in operational risk management
  • Excellent communication skills, with the ability to tailor messaging and style to suit different audiences, Demonstrates adaptability through technical knowledge, interpersonal skills, and awareness of seniority
  • Excellent analytical skills and ability to interpret, summarise, and present data clearly and effectively
  • Effective project management, organisational and prioritisation skills in an environment with multiple competing demands
  • A curious, self-starting mindset with strong problem-solving skills and a desire to contribute to building a world-class, risk-aware culture
     
  • Job Band & Level: Manager 6


    Required Skill Profession

    Business Operations Specialists



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