Operational Risk Manager

4 days ago

Singapore ING Full time

Business Operational Risk Management

**Position held Operational Risk Manager, Singapore**:
**Reporting to Head of Operational Risk Management, Asia**:
**Job Overview**

To challenge, advise, support and perform research for the benefit of management and 1st Line of Defence (1LoD) in the development, definition and implementation of Non-Financial Risk Management in Asia. To ensure that the 1LoD operates in accordance with internal policies and standards, such that the costs of risk and the capital reserve under control. To encourage/provide support in order to ensure that 1LoD becomes an integral part of business operations, with the aim of managing the Non-Financial Risks for ING and contributing to the reliability and integrity of ING products, services and employees.

**Duties and Responsibilities**

**Governance & Advice**
- Maintain the framework and manages it as a basis for operational activities.
- Advise 1LoD on Non-Financial Risk framework matters.
- Consult, advises and supports 1LoD on Non-Financial Risk set-up, procedures and measures.
- Identify and monitors relevant developments in the field, both within and outside the organisation, and incorporates findings in policy and procedures.
- Support running of local Non-Financial Risk Committee chaired by Country Branch Manager.

**Risk Identification & Risk Assessment**
- Identify risks in conjunction with management and the 1LoD, with due regard for the interests of parties involved (bank, customer, third parties).
- Investigate risks and events, conducts desk research, researches individual cases and makes an analysis. Helps prioritise risks and performs assessments in conjunction with management.

**Risk Mitigation & Risk Awareness**
- Guide and support 1LoD in the creation of an implementation risk mitigation plan.
- Communicate policy and guidelines to management and employees.
- Encourage risk awareness and a sense of responsibility among management and employees in relation to Non-Financial Risk.
- Advise and assist in the implementation of new and updated Non-Financial Risk policy, procedures and measures.
- Point of contact for the reporting of and for queries relating to Non-Financial Risk events and issues.

**Monitoring, Progress and Reporting**
- Check that the 1LoD is complying with the Risk Appetite, and that Non-Financial Risks are being managed and escalated where necessary.
- Monitor progress in Risk Mitigation activities, creates reports and feeds back to management of the business unit, second line and Non-Financial Risk functional line.

**Key Competencies**
- Degree or above with major in Accounting, Finance, Economics or related discipline
- Minimum 10 years’ relevant Non-Financial Risk and Risk Analytics experience preferably in financial institution
- Experience in Wholesale Banking products, processes, and controls
- Ability to analyze, collate and understand the business requirements
- Strong organizing and project management skills
- Ability to lead and drive projects and initiatives
- Self-motivated, proactive and able to work on own initiative
- A strong team player with good interpersonal skills who is able to work well with others
- High proficiency in spoken and written English

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