Business Manager

About the job

This role supports the front-office teams by overseeing business strategy, operations, risk management, and regulatory compliance across the trading and sales functions. It serves as a bridge between traders, sales, risk, compliance and the senior management.

• Strategic Business Management

You will collaborate with the senior management/ Desk Heads to develop and execute business strategies that drive revenue growth. You will support the Desk Heads in enforcing business strategies, including new business expansion, new product development, financials, budgeting etc.

You will prepare and analyse financial reports/ dashboards/ Management Information (MI) for Markets Head to support budget allocations and business reviews. You will work alongside other business in the Group to drive business growth.

You will act as the primary contact point for the department, facilitating collaboration across different business units, support functions, and the Group affiliates. You will work with technology teams to enhance trading and reporting systems.

You will lead and manage strategic initiatives, including system implementations/ upgrades, process optimisation and regulatory compliance enhancements.

• Risk and Control Framework

You will strengthen the first line of defence (1LoD) by embedding risk controls into front-office processes. You will identify operational risks related to trading and activities and recommend mitigation strategies. You will also ensure adherence to risk limits, trader mandates and escalation procedures.

Acting as the first line of defence (1LoD), you will ensure effective risk management and control frameworks (including RCSAs) are in place. You will collaborate with the second line of defence (2LoD) e.g., Risk Management, Compliance, to implement regulatory requirements and ensure alignment with the bank’s risk appetite.
You will develop, maintain, and enhance operating manuals, procedures, and controls to ensure compliance with key regulatory requirements (e.g., Banking Act, Securities and Futures Act), and internal and Group policy requirements.

You will conduct 1LoD testing, including periodic risk assessments, controls tests to assess the effectiveness of controls and identify areas for improvement. You will work with Risk Management on new product assessments and facilitate internal approvals.

• Regulatory Compliance

You will monitor and work with Compliance on the interpretation of regulatory changes impacting the business. You will work with the Compliance and Risk teams to operationalize regulatory changes and ensure timely implementation. You will also work with Compliance and Legal on new cross-border initiatives.

You will prepare and present reports to the senior management on the effectiveness of 1LoD controls and compliance with regulatory requirements.

• Governance and Reporting

You will ensure the timely escalation of significant risks and control issues to the senior management and the relevant governance committees, Compliance, Risk Management Department. You will coordinate with internal and external auditors, ensuring timely resolution of findings and implementation of recommendations.

• Stakeholder Engagement

You will build strong relationships with the trading desks, Risk Management, Compliance, and other stakeholders to foster a culture of risk awareness and accountability. You will provide training and guidance to the team on risk management, controls, and regulatory requirements and represent the business in cross-functional projects and working groups, ensuring alignment with regulatory and internal policy requirements.

Pre-requisites

 

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