Operational Risk Management Expert

4 days ago


Singapore HL BANK Full time
Job Description

We are seeking a highly skilled Operational Risk Management Expert to join our team at HL BANK. As an Operational Risk Management Expert, you will be responsible for identifying and mitigating operational risks across the organization.

About the Role

  • This is a full-time position requiring 5 years of experience in financial institution operational risk management.
  • You will be working closely with the risk management team to ensure effective identification, assessment, and mitigation of operational risks.
  • Your expertise in risk management will be invaluable in helping us maintain a strong risk culture within the organization.

Responsibilities

  1. Perform quarterly reviews of the bank's business and support units to ensure that risks are adequately addressed.
  2. Independently review and validate Risk & Controls Self-Assessment performed by business and support units.
  3. Follow up with respective officers on exceptions identified during the risk assessment review and recommend action plans for rectification.
  4. Quarterly surprise cash count and movements on cheque books for Main Branch.
  5. Review tape recordings and perform sample checks for trades done from tape recordings.
  6. Prepare and consolidate the monthly operational risk event report.
  7. Review proposals for new outsourcing arrangements to ensure compliance with regulatory requirements and SOPs.
  8. Initiate annual reviews of outsourcing arrangements and ensure that owners complete the review according to stipulated timelines.
  9. Monitor and track regulatory reporting deadlines.

Requirements

  • Bachelor's degree in Business, Accounting, Information Technology, Economics, Statistics, or Risk Management.
  • Certified Financial Risk Manager (FRM) or Professional Risk Manager (PRMIA) certification would be highly valuable.
  • At least 5 years of working experience in financial institution operational risk management.
  • Proficient in Excel and macro skills would be an added advantage.

Benefits

  • Competitive salary: SGD $120,000 - SGD $180,000 per annum.
  • Bonus scheme tied to individual and company performance.
  • A comprehensive benefits package including medical, dental, and life insurance.
  • Opportunities for career growth and professional development.

Working Conditions

  • Work closely with cross-functional teams to identify and mitigate operational risks.
  • Develop and maintain effective relationships with stakeholders, including senior management, employees, and external parties.
  • Stay up-to-date with regulatory requirements and industry best practices in operational risk management.


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