Shariah and Operational Risk Management Specialist

4 weeks ago


Singapore OCBC Bank Full time
Job Title: Shariah and Operational Risk Management Specialist

Job Summary:

We are seeking a highly skilled Shariah and Operational Risk Management Specialist to join our team at OCBC Bank. The successful candidate will be responsible for ensuring the robustness and effectiveness of our processes, guidelines, and policies in accordance with Shariah principles and industry best practices.

Key Responsibilities:

• Assist in reviewing and evaluating the Bank's processes and policies to identify potential vulnerabilities and areas for improvement.
• Collaborate with the Shariah department to ensure compliance with Shariah principles and guidelines.
• Develop and implement Shariah Risk Management policies, procedures, and control mechanisms.
• Conduct risk assessments and identify inherent Shariah non-compliance risks.
• Develop and conduct Shariah Risk Management training programs.
• Perform regular updates on unit's database on Shariah Risk related matters.

Operational Risk Function:

• Coordinate Information Security and Data Risk Management function for OCBC Bank.
• Coordinate Operational Risk Management for OCBC Bank.
• Perform roles as Third-Party Functional Specialist in ensuring relevant risk related to third parties is addressed.
• Responsible as an administrator and approver for BNM's Operational Risk Reporting.

Requirements:

• Degree from a recognized university or professional qualification with a foundation in Fiqh al-Muamalat, Islamic Banking or Economic.
• Proven experience of at least 5 years in the Islamic finance industry, preferably in a Shariah function in accordance with the Shariah governance of BNM.
• Experience in conducting risk assessments, strong analytical and problem-solving skills.
• Familiarity with regulatory frameworks and guidelines related to Shariah compliance and risk management.
• Strong communication and interpersonal skills to effectively collaborate with internal stakeholders.

Language: English

Location: OCBC Bank

Job Type: Full-time

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