VP – Banking Operations Risk

2 months ago


Singapore The Edge Partnership Full time

Our client, a well- established global bank based in Singapore is looking to expand their business within the Asia Pacific region.

The company is looking for a VP – Banking Operations Risk & Control to join them.

The team thus looks to facilitate identification of the firm's risks by ensuring adequate controls are in place within the bank's Operations division.


Job Responsibilities:

  • Drive a risk and control culture across Banking Operations division
  • Perform operations risk monitoring
  • Manage the Risks and Control Self-Assessment (RCSA) process for Operations, challenge the appropriateness and completeness of the risk repositories with the functional managers (where required) and interface with ORM (Operational Risk Management) for addition of new risks / amendment of existing risks, etc.
  • Have at least 5 years of experience working in a bank's backoffice function
  • Understand the various banking operations appropriateness for each transaction, understand the process of payment execution and completion
  • Understand how interbank remittance operations function using SWIFT
  • Analyse incidents / events, perform root cause analysis and identify the strategic outlook of actions proposed
  • Engage in discussions concerning the control framework with Internal / External Auditors (audit related); cooperate in completion of such audits
  • Collaborate with cross divisional / regional counterparts on initiatives looking to enhance the control and governance framework for Banking Operations division
  • Participate in initiatives launched by the Control team to pave way for a better control framework within Operations
  • Prepare materials for training, awareness, case study sessions on themes relevant to the current control environment to ensure uniform appreciation of existing risks and controls among the Operations teams

Skills Required:

  • Possess a Bachelor's Degree/ Diploma in Business, Finance, Accounting or in a relevant field with over 10 years of experience working in the Banking industry.
  • At least 5 years of working experience and professional knowledge of back-office operation in banking industry
  • Practical knowledge on SWIFT and international remittance operation
  • Strategic mind-set with the ability to assess and analyze emerging risks for Operations as well as newer industry risks
  • Has relevant experience in backoffice operations, preferably with a risk management background
  • Is articulate and has good presentation skills
  • Is comfortable with negotiating; possesses an ability to seek buy-ins from key stakeholders
  • Has keen attention to details, able to multitask and enjoys problem solving
Please contact Sophia Lin on or email your cv directly in word format with job reference no to

Please note that due to the high number of applications only shortlisted candidates will be contacted.

If you do not hear from us in the next 5 business days we regret to inform you that your application for this position was unsuccessful.

EA Licence: 16S8131

Recruiter Licence:

R

  • Singapore SUMITOMO MITSUI BANKING CORPORATION SINGAPORE BRANCH Full time

    Job SummaryWe are seeking a highly skilled and experienced Operations Risk Manager to join our team at Sumitomo Mitsui Banking Corporation Singapore Branch. The successful candidate will be responsible for formulating, implementing, and reviewing policies, procedures, and best practices to ensure efficiency and compliance in front-to-back banking...

  • AVP/VP, Market Risk

    3 weeks ago


    Singapore Kerry Consulting Pte Ltd Full time

    Our client is a leading regional investment bank with established presence in the region. It is seeking to hire an AVP/VP, Market Risk in Singapore. Responsibilities You will be responsible to manage risks of all the trading activities as well as implementing a limit framework consistent with the bank's risk appetite. You will identify, measure, and report...

  • AVP/VP, Market Risk

    2 weeks ago


    Singapore Kerry Consulting Pte Ltd Full time

    Our client is a major securities firm with established presence in the region. It is seeking to hire an AVP/VP, Market Risk. Responsibilities You will be responsible to manage risks of all the trading activities as well as implementing a limit framework consistent with the bank's risk appetite. You will identify, measure, and report on market risk metrics,...


  • Singapore SUMITOMO MITSUI BANKING CORPORATION SINGAPORE BRANCH Full time

    Roles & ResponsibilitiesResponsibilities Formulate, implement and review policies, procedures and best practices to ensure efficiency and compliance in front to back banking operations. Review of operational risk incidents, to identify root causes and assess quality, adequacy and effectiveness of preventive measures. Manage issues and queries related to...


  • Singapore Sumitomo Mitsui Banking Corporation Full time

    SMBC Singapore is the Regional Hub for SMBC Asia Pacific Branches outside of Japan. As part of the Governance Planning Department for Asia Pacific, the Operations Planning Group supports the activities to ensure operations resilience, control and governance across business functions and branches in APAC This position will lead a team that works closely with...


  • Singapore Sumitomo Mitsui Banking Corporation Full time

    SMBC Singapore is the Regional Hub for SMBC Asia Pacific Branches outside of Japan. As part of the Governance Planning Department for Asia Pacific, the Operations Planning Group supports the activities to ensure operations resilience, control and governance across business functions and branches in APAC This position will lead a team that works closely with...


  • Singapore MAYBANK SINGAPORE LIMITED Full time

    Job Title: AVP/VP, Operational Risk ManagementAt MAYBANK SINGAPORE LIMITED, we are seeking a highly skilled and experienced professional to join our team as an AVP/VP, Operational Risk Management. This role is responsible for ensuring the effective management of operational risk across the bank, and we are looking for a candidate who can provide strong...


  • Singapore Eames Consulting Full time

    Are you an experienced Technology Risk professional with extensive financial industry experience? If so, you may be the VP, Technology Risk Management Lead our banking client is seeking! As VP, Technology Risk Management Lead, you will be responsible for: Working closely with IT stakeholders for IT incident management, including timely incident reporting to...


  • Singapore Eames Consulting Full time

    Job Description Are you an experienced Technology Risk professional with extensive financial industry experience? If so, you may be the VP, Technology Risk Management Lead our banking client is seeking! As VP, Technology Risk Management Lead, you will be responsible for: Working closely with IT stakeholders for IT incident management, including timely...

  • VP, Business Risk

    1 month ago


    Singapore United Overseas Bank Full time

    VP, Business Risk & Analytics, Private Bank Posting Date: 5 Aug 2024 Location: Singapore (City Area), Singapore, SG, 048624 Company: United Overseas Bank Ltd About UOB United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and...

  • VP, Business Risk

    2 weeks ago


    Singapore United Overseas Bank Full time

    VP, Business Risk & Analytics, Private Bank Posting Date: 3 Sep 2024 Location: Singapore (City Area), Singapore, SG, 048624 Company: United Overseas Bank Ltd About UOB United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and...

  • AVP/VP, Operations

    1 month ago


    Singapore Sumitomo Mitsui Banking Corporation Full time

    Responsibilities Monitor, evaluate and ensure robust framework for operational risk management and the effectiveness of internal controls and mitigating actions within various banking operations functions. Assess and evaluate operational risks faced by the business and operations of overseas subsidiaries, including incident reporting and escalation...


  • Singapore United Overseas Bank Full time

    VP, Risk Culture and Conduct Risk Posting Date: 22 Aug 2024 Location: Singapore (City Area), Singapore, SG, 048624 Company: United Overseas Bank Ltd About UOB United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North...


  • Singapore GREENLANE PRIVATE LTD. Full time

    Roles & ResponsibilitiesJob Title: Senior Operational Risk OfficerJoin a prestigious international bank as a Senior Operational Risk Officer in the Internal Control and Compliance Department. In this key role, you’ll drive operational risk management efforts, ensuring the bank’s processes are robust, compliant, and secure.Key Responsibilities:•...


  • Singapore Sumitomo Mitsui Banking Corporation Full time

    Responsibilities Assess, monitor and ensure robust framework for risk and controls in the business and operations of overseas subsidiaries including alignment of Risk Appetite Framework of subsidiaries with Head Office. Evaluate the effectiveness of internal control mechanisms and processes within various banking functions and operations. Formulate...


  • Singapore The Edge Partnership Full time

      The Role Responsibility:  Directly reporting to the Head of Operational & Fraud Risk, this is a 2nd line of defence role and is part of the CRO (Chief Risk Officer) organization.. This specialist role will support the management and oversight of all risks within Operations Risk. The job has accountability for ensuring and strengthening not only the...


  • Singapore MAYBANK SINGAPORE LIMITED Full time

    Roles & ResponsibilitiesJob Description : Adapt Group Operational Risk related policy and procedures to local operating environment. Facilitate understanding of ORM methodology & policies, operational risk tools and enhance risk culture through training and risk awareness sessions. Manage the execution of ORM solution & tools across the Bank. Work with...


  • Singapore Sumitomo Mitsui Banking Corporation Full time

    As Regional Internal Auditor, you will add value and improve the bank's operations by bringing an efficient and disciplined approach to the effectiveness of risk management, control, and governance processes. You will travel and work closely with internal audit counterparts on a regional scale to conduct audit visits. You will have the opportunity to work...


  • Singapore SUMITOMO MITSUI BANKING CORPORATION SINGAPORE BRANCH Full time

    Roles & ResponsibilitiesResponsibilities Assess, monitor and ensure robust framework for risk and controls in the business and operations of overseas subsidiaries including alignment of Risk Appetite Framework of subsidiaries with Head Office. Evaluate the effectiveness of internal control mechanisms and processes within various banking functions and...

  • Senior VP

    1 month ago


    Singapore United Overseas Bank Full time

    Senior VP / First VP, Operations Assurance Domain Lead Posting Date: 10 Aug 2024 Location: Singapore (City Area), Singapore, SG, 048624 Company: United Overseas Bank Ltd About UOB United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific,...