Wing Chun Jennifer Fung Fung
Ryde,Australia
Summary
Results-driven leader with 18 years of Audit, Risk Management, Compliance and COO experience with multiple international financial institutions and consulting firms in Australia. I currently lead a high performing Line 1 risk management function that enables safe business growth and transform customer experience through automation
Overview
19
19
years of professional experience
Work History
Head of Non-Financial Risk, Commercial Banking and Global Banking
HSBC Australia & New Zealand
10.2021 - Current
- Lead the Line 1 Non-Financial Risk function that supports the HSBC Wholesale Business
- The function consists of Operational Risk Management, Financial Crime Risk Management and Regulatory Risk Management
- The team performs risks and controls assessment and assurance testing
- Demonstrate insight into the external environment and identify top and emerging risks (e.g
- ESG) that are relevant to the Business
- Chair risk governance forums together with the BEAR/FAR Accountable Persons
- Prepare Board papers and submissions to regulators
- Manage reputational risk and ensure the Business operates within the Bank’s risk appetite
- Facilitate client exits where necessary
- Provide risk advice to Corporate Relationship Managers, Loan Syndication, Capital Markets, Structured Finance and Infrastructure Real Estate, Liquidity and Cash Management and Trade and Receivable Finance teams
- Implement regulatory changes and lead remediation projects
- Provide training and ongoing SME advice to the Business
- Oversee conduct metrics and escalate early warnings to Management (if any)
- Be the 1st point of contact to Internal Auditors and Regulators
- Always ready to walkthrough our risk management framework embeddedness and emerging risks
- Standardised the policies and procedures of various Business to create operating efficiency
- Automated and offshored processes to reduce the cost of operation.
Associate Director, Global Banking
HSBC Australia
01.2016 - 10.2021
- Represented HSBC and presented the Business’s risk profile and financial risk remediation plan to the US Department of Justice
- Worked with FinTech startups to automate a global process and created capacity for Bankers to focus on revenue generation
- Implemented data governance framework which involved facilitating monthly data risk governance forum, tracking issues and actions, monitoring of critical data elements and compliance with regulatory requirements
- Developed key risk indicators and an effective monitoring mechanism
- Demonstrated strategic thinking and designed monthly Governance reporting packs that provided forward looking view to Management
- Developed key risk indicators and reporting framework to measure conduct of the Bankers
- Performed Business Management activities e.g
- Addressed daily transaction booking queries and resolve system problems.
Associate, Global Banking
HSBC Australia
01.2013 - 01.2016
Senior Risk Analyst, Credit Risk Management
GE Capital Australia
01.2011 - 01.2013
- Re-designed the credit risk management framework and established the data governance framework for the Wholesale Business
- Established and implemented the First Line of Defence Assurance framework across the organisation.
Assistant Manager, Audit & Assurance
KPMG Australia
01.2007 - 01.2011
- In-charged of financial audit engagements and presented audit results to executives
- Demonstrated understanding of complex accounting issues and proactively designed solutions for clients.
Analyst, Audit & Assurance
Deloitte Australia
01.2005 - 01.2007
- Completed the Audit and Assurance Graduate Program, specialised in the Mining and Energy sector.
Education
Bachelor of Commerce - Accounting and Finance
University of New South Wales
Sustainability and Climate Risk (SCR) Certificate -
01.2023
Chartered Accountant -
Bv
01.2008
Skills
- NON-FINANCIAL RISK MANAGEMENT (INCL DATA, RESILIENCE & CYBER RISKS)
- FINANCIAL CRIME & REGULATORY COMPLIANCE
- RISK REPORTING & GOVERNANCE
- AUDIT & ASSURANCE
- CONDUCT & CULTURE
- PROCESS IMPROVEMENT & CUSTOMER EXPERIENCE
- ENVIROMENTAL, SOCIAL & GOVERNMENT (ESG)
Timeline
Head of Non-Financial Risk, Commercial Banking and Global Banking
HSBC Australia & New Zealand
10.2021 - Current
Associate Director, Global Banking
HSBC Australia
01.2016 - 10.2021
Associate, Global Banking
HSBC Australia
01.2013 - 01.2016
Senior Risk Analyst, Credit Risk Management
GE Capital Australia
01.2011 - 01.2013
Assistant Manager, Audit & Assurance
KPMG Australia
01.2007 - 01.2011
Analyst, Audit & Assurance
Deloitte Australia
01.2005 - 01.2007
Bachelor of Commerce - Accounting and Finance
University of New South Wales
Sustainability and Climate Risk (SCR) Certificate -
Chartered Accountant -
Bv
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