Vice President (VP), Risk Management

Vice presidents (VPs) of risk management are responsible for overseeing a company’s risk management department and ensuring that all procedures, protocols, and strategies are fully implemented to protect the company and its assets. Strong interpersonal and communication skills are important in this position to communicate effectively with employees both within and outside the company.

These VPs coordinate with the risk committee on a regular basis and help to develop and oversee the implementation of new strategies to effectively reduce risks taken by the company. They may also help to develop and enforce company policies and procedures to assist in effective monitoring. Risk management VPs work closely with other executives, as well as management and team leaders, to ensure open lines of communication at all times, and they may also be responsible for performing regular risk-assessments and presenting results and recommendations to the executive board for improvement.

Candidates for this position must maintain all required annual training and licenses, and risk management VPs also coordinate with the human resources (HR) department, managerial staff, and the executive board to ensure that all employees are up-to-date with industry standards. They typically have direct impacts on risk-exposure for the company and must maintain the proper level of professionalism at all times.

As a Vice President VP, Risk Management with 6-9 years of experience in Singapore, your main responsibilities include:

• Oversee and manage the company's risk management strategy, ensuring alignment with business objectives and compliance with regulatory standards.
• Develop and implement risk assessment frameworks and methodologies, identifying potential risks and designing risk mitigation strategies.
• Lead a team of risk management professionals, providing guidance and support in identifying, assessing, and managing risks across various business units.
• Continuously assess and monitor the effectiveness of risk management policies and procedures, making necessary adjustments to enhance the organization's risk management capabilities.

For a Vice President (VP), Risk Management job role, the following qualifications are required:

• The candidate should have a deep understanding of risk management principles, methodologies, and frameworks. They should have a strong track record of effectively identifying, assessing, and mitigating risks across various business functions.
• The VP of Risk Management should possess strong strategic thinking skills to develop and implement risk management strategies aligned with the organization's overall objectives. They should be able to make informed decisions based on risk assessments and analysis.
• The candidate should have proven leadership experience, with the ability to lead a team of risk management professionals effectively. They should be able to provide guidance, mentorship, and motivation to the team members, ensuring effective risk management practices across the organization.
• The VP of Risk Management should possess exceptional communication skills to effectively communicate complex risk concepts to stakeholders at all levels of the organization.

For a Vice President VP, Risk Management job role with 6-9 years of experience in Singapore, here are following alternative roles to consider:

• Risk and Compliance Manager: A position that entails overseeing regulatory compliance, implementing risk mitigation strategies, and developing internal control frameworks.
• Operations Manager: A role focused on optimizing operational efficiency, managing teams, and implementing process improvements to enhance productivity.
• Business Development Manager: A position involving identifying and pursuing growth opportunities, building strategic partnerships, and expanding the business's footprint in the market.
• Corporate Strategy Manager: A role that involves analyzing market trends, evaluating competitive landscape, and developing long-term strategic plans to drive business growth.

The role of Vice President (VP), Risk Management in Singapore is expected to witness significant growth in the market. Over the last 10 years, the demand for professionals in this job role has steadily increased, reflecting a positive trend. With Singapore being a hub for finance and investment, the need for effective risk management is crucial. As businesses focus on mitigating risks, the demand for skilled VPs in Risk Management is anticipated to rise further in the coming years. Consequently, numerous employment opportunities are projected to be available, highlighting the potential for career advancement and job stability in this field.