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Operational Risk Manager
1 month ago
Key Responsibilities
- This role is part of the Chief Risk Officer organization and reports directly to the Head of Operational & Fraud Risk. As a 2nd line of defence, you will support the management and oversight of all risks within Operations Risk.
- You will be accountable for ensuring and strengthening the Bank's overall Operational Risk Management Framework, ensuring operational risks are managed within appetite. You will stay up-to-date with market trends and regulatory requirements, setting the direction and executing the Operational Risk strategy while aligning it to the Bank's overall strategy.
- You will design and oversee the implementation of an Operational Risk Framework tailored to the bank's design of the Bank's second line of defence in managing Operational Risk, encompassing strategy, governance, business engagement, policy, and awareness.
- You will lead the design of the Risk and Control Self-Assessment Process tailored to a Digital Bank.
- You will collaborate extensively with the Technology, Product, Compliance and Operations team during the 'build' phase to ensure systems/processes are built in a resilient and compliant manner.
- You will provide guidance to the first line to identify and manage Operational Risks on an ongoing basis.
- You will keep abreast of the regulatory landscape in Singapore related to Operational risk and ensure regulatory requirements are embedded in the relevant processes.
- You will be directly responsible for the different regulatory reporting requirements to our regulators.
- You will facilitate and promote the understanding of Operational risk requirements in the Bank and help the OR team deliver great quality audit outcomes.
Role Requirements
- A degree in Accountancy, Banking, Finance, Business or Law, or relevant professional qualification in financial services.
- 6-10 years of relevant work experience in financial service/tech sector with over 3-5 years of experience in Operational risk management.
- A good understanding of technology and retail products in the digital banking space.
- Demonstrates knowledge of deploying risk assessment techniques using data analytics.
- Influencing skills and ability to manage working relationships with 1st LoD colleagues in Product, Operations and Technology.
- Good communication skills and ability to work in a multi-cultural and multi-disciplinary environment.
- Previous experience in having managed Fraud in a 1st LoD or 2nd LoD capacity in a Bank with good understanding across banking fraud schemes that are relevant to a Digital Bank, will be an added advantage but not necessary.