Operational Risk and Control Assurance VP

2 weeks ago


Singapore OCBC Bank Full time

Job Description - Operational Risk and Control Assurance VP RF)

Operational Risk and Control Assurance VP RF )

The Risk and Prevention - Operations Risk Team drives the Operational Risk Culture and facilitates the implementation and on-going monitoring of adherence to the OCBC Group Policies & Procedures and regulatory requirements , enabling effective and efficient risk identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks for the Group Operations and Technology Division (GO&T) across the region.

The candidate needs to be analytical and has the ability to identify risk hotspots, control gaps and recommend effective and sustainable solutions to the Senior Management.

Job Duties & Responsibilities

  • Develop assurance plan for the Division to ensure comprehensive coverage of risk hotspots.
  • Take initiative and leadership to plan and execute end-to-end assurance review, conducting interviews, analysing data, evaluating controls to assess the design and operating effectiveness and perform detailed testing procedures.
  • Conduct thematic risk reviews to identify control gaps and control enhancement opportunities.
  • Provide risk related advice, conduct objective review and challenge to risk issues/ process changes identified by business units to ensure operational risk identified is assessed adequately, and appropriate controls are in place to mitigate the risks.
  • Independently identify, assess risk and drives actions to address the root causes that give rise to recurring operational lapses.
  • Review and discuss Operational Risk Events with stakeholders to ensure right root cause and appropriate action plan has been developed.
  • Perform impact analysis on Group Policies and regulatory changes for the Division, develop and drives consistent and sustainable process to ensure compliance.
  • Conduct Division wide Operational Risk related trainings to promote risk culture awareness.
Qualifications

Required Experience:

  • University degree with 10+ years of experience in audit/ operational risk management / quality assurance in banks.
  • Strong understanding of Operations end-to-end processes, with ability to identify risks and control inadequacies within the process.
  • Candidates with experience in utilising data analytics/ artificial intelligence in risk management activities will be advantageous.

Core Competencies

  • A driven, self-motivated individual that demonstrates initiatives and results oriented
  • Forward-thinking and passionate about managing risks in a 1LOD function, demonstrated through keeping pace with operational risk management practices and development.
  • Proven ability to multi-task and work effectively in a dynamic, fast-paced environment
  • Must be detail oriented and possess strong analytical skills
  • Po sitive attitude to change, constantly looking for better ways to get things done and to challenge the status quo.
  • Team player with good written and communication skills to liaise effectively with people at all levels.

REPORTING To: Head of Operations Risk, Risk & Prevention

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