Banking Operational Risk

4 weeks ago

Singapore GREENLANE PRIVATE LTD. Full time
Roles & Responsibilities

About the Role:

We are hiring on behalf of a leading bank for an experienced Operational Risk and Compliance Manager. If you have a solid background in managing risk frameworks, ensuring compliance, and collaborating across functions, this role offers the perfect platform to apply your expertise in a dynamic banking environment.

Roles and Responsibilities

  • Advise departments on operational risk identification, assessment, and control implementation for business processes.
  • Review, update, and maintain policies/procedures for Operational Risk, Fraud Management, and New Product Approval.
  • Lead root cause analysis of operational risk events and develop mitigation action plans.
  • Support Head Office initiatives: Incident Reporting, Key Risk Indicators (KRI), and fraud risk reviews.
  • Manage outsourcing risks per MAS regulations:

    Conduct due diligence on third-party providers.

    Ensure compliance with Bank's Outsourcing Risk Policy.
  • Mitigate operational risks in new products; facilitate New Product Committee processes.
  • Drive Business Continuity Planning (BCP):

    Update Business Impact Analyses (BIA) and BCP documentation.

    Coordinate testing and recovery strategy development.
  • Conduct independent monitoring of bank-wide transactions and private banking trade calls.
  • Oversee bank-wide Policy & Procedure (P&P) lifecycle:

    Initiate reviews and manage P&P system updates.
  • Administer Business User Access Reviews and maintain Business System Listing.
  • Prepare operational risk reports/presentations for RMC, Senior Management, Head Office, and regulators.

Requirements

  • Bachelor's degree in Finance, Risk Management, Business Administration, Law, or a related field.
  • At least 3 years of experience in Operational Risk Management and Compliance roles, preferably in the banking industry.
  • Good understanding MAS Guidelines on Risk Management practices, BCM guidelines and Outsourcing Notices.
  • Excellent analytical, problem-solving, and communication skills.
  • Ability to work independently with minimum supervision and able to adapt to a dynamic environment.

About Us:

GreenLane is a Singapore-based recruiting firm specializing in banking, trading, tech, and other industries. We pride ourselves on connecting exceptional talent with leading organizations.

EA Licence No.: 20C0261 | Registration No.: R23118854

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Tell employers what skills you have

Microsoft Excel
Due Diligence
Regulatory Compliance
Ability To Work Independently
Anti Money Laundering
Asian Markets
Risk Management
Administration
Operational Risk Management
Operational risk control
Adaptability
Compliance
Audits
Business Continuity Management
Communication Skills
Banking
AML
Operational Risk
Business Continuity Planning
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