Operational Risk and Control Specialist

2 months ago


Singapore Bank of Singapore Full time
About the Role

We are seeking a highly skilled Operational Risk and Control Specialist to join our team at Bank of Singapore. As a key member of our Chief Operating Office - Business Risk Management team, you will play a critical role in ensuring the seamless integration of operational risk management framework and information security risk in Front Office and Chief Operating Office processes.

Main Responsibilities
  • Operational Risk Governance and Framework: Strengthen operational risk and information security risk management governance and framework in the first line of defense. Support Front Office and Chief Operating Office stakeholders to manage their operational risks in a structured, systematic, and consistent manner.
  • Compliance and Regulatory Guidance: Provide guidance and advice to FO and COO stakeholders on all compliance and regulatory related matters, including AML/CFT policy and procedural changes, cross-border marketing guidelines, adherence to sales and suitability policies and procedures, fraud prevention policy and procedures, etc.
  • Operational Loss Analysis: Conduct deep dives of operational losses to determine the sequence of events, control weaknesses, and develop preventive action plans.
  • Risk Data Analysis: Analyze operational risk and information risk data to identify areas of risk and ensure past mitigation efforts are having the desired effect.
  • Risk Awareness and Advisory: Promote general risk awareness among staff and support and provide advisory on operational risk-related matters to the Business Units.
  • Internal and External Interactions: Lead, support, coordinate interactions, and timely response with Group Audit and other internal/external reviewers.
  • Risk Projects: Lead, support business process-related risk projects.
Requirements
  • Work Experience: Minimum 8 years of experience working in a financial institution with minimum 5 years of management of operational risk and/or information security, technology risk in private banking.
  • Knowledge and Skills: Good knowledge of banking products and operations preferred. Proficient in Microsoft Office Applications. VBA coding skills or data visualization tools preferred.
  • Communication and Interpersonal Skills: Strong communication, presentation, and interpersonal skills to facilitate interactions and maintain strong relationships with stakeholders.
  • Problem-Solving and Adaptability: Ability to prioritize and work effectively in a rapidly changing environment with the capacity to proactively anticipate, identify, prevent, and resolve issues.


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