Operational Risk Manager

2 days ago


Singapore Sumitomo Mitsui Banking Corporation Full time
Job Description

The role of the AVP, Operational Risk Management is to manage and enhance existing operational risk management frameworks to meet new regulatory and operational requirements in APAC. The successful candidate will work closely with stakeholders in the 3LoDs to implement appropriate risk governance/oversight, design/determine/establish metrics like KRIs, implement controls and promote best practices that drive operational risk management, resilience and regulatory compliance.

Key Responsibilities:

  • Implement Operational Resilience framework in APAC and work with key stakeholders to leverage on the enhancement and integration of existing frameworks (eg. Technology Risk Management, Third Party Risk Management, Business Continuity Management) and process to enhance resilience in operations, particularly critical operations.
  • Coordinate operational risk management efforts and manage Governance, Risk and Compliance (GRC) activities across the APAC.
  • Communicate technical concepts to non-technical audience and senior management and lead efforts to cultivate and promote a strong operational risk culture and ensure adherence to operational risk management policies, procedures and standards.

Requirements:

  • Good knowledge of Operational Risk Management-related regulatory requirements and industry standards.
  • Familiarity with ICAAP, RCSA, operational resilience concepts (eg. Business Continuity Management, Disaster Recovery planning) and non-financial risk management (eg. Technology Risk, Third-Party Risk) will be favorably considered.
  • Minimum 3 years of experience in operational risk management, preferably in banking or financial services.
  • Good project management skills and experience.
  • Able to perform gap analysis of operational risk management policies and processes against new regulatory requirements and guidelines.
  • Self-starter and a critical thinker.
  • Proactive, resourceful and able to think and act strategically and tactically.


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