Risk | Operational Risk Manager| Hong Kong

Hong Kong

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Job Description

The Operational Risk Manager will join a global team and will provide Operational Risk management oversight for the APAC region, across both Citadel Securities and Citadel’s asset management business in APAC. The role will require the candidate to be able to work independently, collaborate with other stakeholders both regionally and globally.  The global team has a mandate to identify and drive value-added initiatives that help the business and functional areas to mitigate risks or enhance controls, in addition to developing Citadel’s operational risk management framework.
The successful candidate will be a mature self-starter who has demonstrated the ability to function independently in a fast-paced and dynamic environment. This person needs to be able to resolve issues within a short period of time. This person will be intellectually curious, intuitive, trustworthy, and have the highest ethical standards. In addition, this person will be effective addressing internal and external audiences in a professional manner. This person will add value by working on simultaneous tasks with minimal supervision and exemplary follow-through, and ideally will also have experience working with regulators on risk management topics. 
Key responsibilities and deliverables:
·Oversee the Operational Risk agenda for the APAC region
·Drive value added initiatives to reduce operational risk as directed by Global Operational Risk Management
·Support Global Operational Risk Team members in equivalent Business as Usual activities in EMEA and US (follow the sun model), including e.g., incident management and new activity review processes
·Assist in the management and maintenance of operational risk and control frameworks
·Responsible for preparing Legal Entity and / or Regional Operational Risk Appetite (RAS) Statement content for senior leadership review and approval, including establishing tolerance levels and monitoring against them
·Guide business and functional areas on identification and evaluation of operational risks and associated controls
·Challenge and review of Operational Risks and Controls identified / associated assessments and mitigation
·Assist Risk Owners in identifying and defining Key Operational Risk and Control Indicator Metrics 
·Perform monthly review and monitoring of Key Operational Risk and Control Indicator Metrics
·Review / challenge operational incidents
·Perform Operational Risk Assessment of internal and external outsourcing activity
·Prepare periodic Legal Entity and / or Regional specific reporting and analysis of key operational risk relevant data points including but not limited to:
o Operational Risks
o Key Risk Indicators
o New Activity / Material Business Changes
o Incidents
o Other operational risk relevant data points as appropriate
·Develop / deliver periodic training to support the implementation of a risk-aware culture, and embed operational risk standards across the organization
·Serve as a key point of contact with the business in relation to Operational Risk queries, and to the internal and external Audit teams
·Provision of local support for Operational Risk tooling to end users

Required Skills

·        Bachelor’s Degree or higher, in Finance, Economics, Law, Accounting, Business, Statistics, Math, Risk Management, Information Systems, or equivalent field required
·        5+ years in risk management
·        Direct experience of implementing processes which manage or mitigate operational risks – this is a hands-on role where an understanding of the key processes and how to implement them is key to success
·        Experience in dealing with senior business leads and other senior stakeholders.
·        Experience in working with regulators is preferred.
·        Knowledge of markets and financial products across various asset classes; exposure to technology-centric and algorithmic trading would be an advantage
·        Knowledge of risk methods and statistics, operational risk frameworks like Risk Control Self-Assessment (RCSA)
·        Highly curious, analytical, always seeing a deeper and more precise understanding of situations and information. 

About Citadel

Citadel is one of the world’s leading alternative investment managers. We manage capital on behalf of many of the world’s preeminent private, public and nonprofit institutions. We seek the highest and best use of investor capital in order to deliver market leading results and contribute to broader economic growth. For over 30 years, Citadel has cultivated a culture of learning and collaboration among some of the most talented and accomplished investment professionals, researchers and engineers in the world. Our colleagues are empowered to test their ideas and develop commercial solutions that accelerate their growth and drive real impact.