Operational Risk Manager
3 days ago
Reporting directly to the Head of Operational Risk, this is a Second Line of Defence role under the Risk Management function. The OR Manager is responsible to drive and oversee the effective implementation of Operational Risk framework and agenda while aligning them to the Bank’s overall digital strategy.
Job Responsibilities:
- Assist with developing and implementing Operational Risk Framework and all associated policies and procedures and ensure they are effectively embedded into the Bank’s control environments.
- Act as the central point of contact for operational risks for all Technology Risk matters, challenging business activities/ processes that are not aligned with the established risk appetite, controls that are not adequately designed or dispensation/ residual risk acceptance that have not been approved by the appropriate authority.
- Collaborate extensively with the stakeholders (e.g. Technology, Information Security, Cyber Security teams) during the "build" phase to ensure systems/processes are built with robustness and clear accountability.
- Assess key business initiatives/ programs particularly Key Automated Controls and well versed in consumer banking systems and technology processes. Able to leverage on these knowledge to provide advice and work with stakeholders to drive forward looking risk management effectively.
- Keep abreast of the regulatory landscape in Technology Risk matters and ensure regulatory requirements are embedded in the relevant processes.
- Monitor all risk events against the Bank's established Risk Appetite, Limits & Thresholds and to work with Issue Owner/ Risk Owner in taking proactive measures to prevent any breaches; which may include challenging the effectiveness of the treatment plan to fix root causes/ prevent recurrence.
- Implement the risk incident management process including registration of risk events, reporting of remedial action statuses and delivering risk incident reports/ MIS for senior management and regulators.
- Assess the impact analysis & remedial action plans submitted by 1st Line of Defence for material operational risk events (OREs), near misses (NMs) and Root Cause Analysis (RCAs). Ensure stop gap measures are implemented timely and final approvals are obtained to ensure full resolution.
- Conduct Ops Risk Assessment (ORA) for potential change delivery risks arising from new product/ system roll-out to ensure no unresolved material defects before go-live for High-Impact projects.
- Lead discussions with stakeholders to understand business priorities/problems and translate them into data analytic initiatives (rule-based/ ML) to enhance the risk management cycle in terms of identification, analysis, solutioning and monitoring of operational risks (inherent/ emerging/ recurring/ residual risks).
- Lead the design of the Control Self-Testing (CST) Process, KCIs/ KRIs establishment and guide Business (where necessary) in identifying and developing key control testings, which may entail challenging key CST steps against minimum control standards to ensure robustness/ effectiveness.
- Conduct any independent or thematic review as required.
- Conduct training activities to Business & Functions to promote the understanding of Operational risk requirements and risk/ control awareness. This entails maintaining active engagement with Business/ Function Heads so that they understand and accept their operational risk management responsibilities.
- ORM system: Constantly develop and maintain risk tools and systems. Assist to maintain good quality of OR risk information/ data.
- With minimum 10 years of experience in Technology, Operational Risk Management, Internal Audit within financial institutions, and/or highly regulated technology dependent industries.
- Able to demonstrate previous experience in technology risk roles (1st, 2nd or 3rd line of defence) and/or practical hands-on experience in delivering technology solutions or technology support.
- Bachelor's degree or higher from a globally recognized university. Related certifications (CISA, CISSP, CIA, CPA, ACA, CFA or similar) are a plus.
- Professional Certifications related to technology risk (e.g. ISACA CRISC, CGEIT, CISA) an advantage.
- Good understanding of technology and retail products in the digital banking space. Familiar with modern and emerging technology techniques and an interest to stay abreast of industry developments (e.g. DevOps, Cloud, APIs, service-oriented architectures etc).
- Familiar with risk management concepts and tools. Specific wide span of end-to-end experience across functions such as (but not limited to) Product Design & Development, Fraud Risk Management, Outsourcing/Eco-system Management & Business Continuity Management.
- Good knowledge of technology and consumer banking related regulations. Prior regulatory exposure is a plus and familiar with related MAS regulations such as Guidelines on Risk Management Practices, Business Continuity Management & Outsourcing.
-
Operational Risk Manager
3 days ago
Singapore NatWest Markets Full timeOur people work differently depending on their jobs and needs. From home working to job sharing, visit the remote and flexible working page on our website to find out more. This role is based in Singapore and as such all normal working days must be carried out in Singapore. Join us as an Operational Risk Manager - We’ll look to you to help the APAC Chief...
-
Operational Risk Management
16 hours ago
Singapore KOOKMIN BANK CO., LTD. SINGAPORE BRANCH Full timeActing as the Second line of defence performing independent Operational Risk Management function with the main responsibilities as below: 1. Prepare Branch-level Operational Risk Management (“ORM”) Manual supporting implementation of ORM framework. 2. Lead and implement Branch-specific Risk and Control Self Assessment (“RCSA”) process, review and...
-
Operational Risk Manager
2 days ago
Singapore CMC MARKETS SINGAPORE PTE. LTD. Full timeThe key focus is to provide an effective operational risk framework and tools to the business in enhancing the risk management decision process. This will include the on-going development and monitoring of risk policies, risk methodology, and tools in line with best practices, local and group policies and legal requirements, whilst identifying, tracking,...
-
Risk & Control Manager, Operations - Risk &
3 days ago
Singapore Bank of Singapore Full timeAt Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and...
-
Operational Risk Manager
15 hours ago
Singapore Prudential plc Full timePrudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career...
-
Operation/ Risk Manager
16 hours ago
Singapore JointHire Singapore Pte Ltd. Full timeHandle tasks directly related to risk management, P&L and Position computation, administration and compliance in market risk management. This includes day-to-day system operation and daily risk reports generation to portfolio managers and senior management. - Assume responsibility for the market and liquidity risk management function - Any other risk...
-
Risk Manager- Operational Risk Event Management and
16 hours ago
Singapore Bank of Singapore Full timeRisk Manager - Operational Risk Event Management and Quality Assurance (Assistant Vice President) At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional...
-
Operation/ Risk Manager
16 hours ago
Singapore JointHire Singapore Pte Ltd Full time**Job Title**: Operation/ Risk Manager (Financial/ Investment)Industry: Financial ServicesSalary: SGD 5000 - 8000Location: Central, SingaporeAbout Company: Our Client is a Japanese Fund Management Organization who was voted and held on to their title of Most Consistent Asia-based Fund and Credence Global with Best Asia-based CTA/Managed Futures Fund ??? both...
-
Manager - Risk Management (Operational Risk)
16 hours ago
Singapore Hong Leong Bank Full timeIf you are looking to excel and make a difference, take a closer look at us a. Risk & Controls Self-Assessment (RCSA) - Ensure that RCSA of the Business/Support Units is up-todate and complete the review of the RCSA on annual basis. - Perform independent validation of RCSA on the selected Business/Support units. Follow up with respective officer on...
-
Operational Risk Manager
3 days ago
Singapore GXS Bank Full time**Get to know our Team**: We design and provide products and services that empower our customers to enjoy greater banking convenience while they extract more value from their money. In particular, we are focused on promoting and developing healthy saving and investment practices across generations. **Get to know the Role**: We are living in exciting times....
-
Operational Risk Manager
3 days ago
Singapore GXS Bank Full timeGXS Bank SingaporePosted 2 hours ago Permanent Competitive Get to know our Team: We design and provide products and services that empower our customers to enjoy greater banking convenience while they extract more value from their money. In particular, we are focused on promoting and developing healthy saving and investment practices across generations. Get...
-
Manager, Operational Risk Management
2 days ago
Singapore RHB Singapore Full timeCompany Description RHB Singapore is a progressive and growing financial organization. We are committed to creating a fulfilling, dynamic and engaging work environment for our team of more than 15,000 employees across nine locations in ASEAN, China and Hong Kong. **Job Description**: **PRIMARY OBJECTIVES**: - Assist Head Operational & Technology Risk...
-
Fund Operations Manager
3 weeks ago
Singapore ADANSONIA FUND MANAGER PRIVATE LIMITED Full timeRoles & ResponsibilitiesThe Company is a Capital Market Services Licence holder regulated by the Monetary Authority of Singapore.Responsibilities:• Work with CEO and manage the day to day operations of the company and funds (currently 2 Private Equity VCC's);• Act as a Representative of the Company;• Oversee and manage the ongoing compliance...
-
Solution Consulting Manager
3 days ago
Singapore Risk Solutions Full timeAbout the Business LexisNexis Risk Solutions is the essential partner in the assessment of risk. Within our Business Services vertical, we offer a multitude of solutions focused on helping businesses of all sizes drive higher revenue growth, maximize operational efficiencies, and improve customer experience. Our solutions help our customers solve difficult...
-
Security Operations Manager
3 days ago
Singapore SECURITY & RISK SOLUTIONS PTE. LTD. Full time**About SRS** Founded in 2006, Security & Risk Solutions Pte Ltd (SRS) is a global security solutions provider that started in Singapore. Today, we operate in Asia Pacific, China, the Middle East, the Africas, Europe, and Latin America, and work with over 90 clients, with a strong presence in the Finance and Technology sectors. SRS understands there is no...
-
Operational Risk
4 weeks ago
Singapore WATERSTONE CONSULTING PTE. LTD. Full timeRoles & ResponsibilitiesOperational Risk ManagementDevelop and maintain the Operational Risk Framework and related policies, encompassing: Third-Party Arrangement Business Continuity Management Operational Risk ManagementEnsure compliance with all regulatory and Head Office requirements Plan, execute, and document BCM tests, including reporting and...
-
Risk Specialist
3 days ago
Singapore Bank of Singapore Full timeAt Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and...
-
Operational Risk Manager
3 days ago
Singapore GXS BANK PTE. LTD. Full time**Get to know our Team**: We design and provide products and services that empower our customers to enjoy greater banking convenience while they extract more value from their money. In particular, we are focused on promoting and developing healthy saving and investment practices across generations. **Get to know the Role**: We are living in exciting times....
-
Avp, Operational Risk Management
2 days ago
Singapore GIC Investment Full timeLocation: Singapore, SG- Job Function: Risk and Performance Management- Job Type: Permanent- Req ID: 13544**Risk and Performance Management Department** The Risk and Performance Management Department is responsible for the independent assessment, measurement, monitoring and reporting of GIC’s market, credit and operational risk profiles. The Operational...
-
Operational Risk Specialist/Manager
4 weeks ago
Singapore PEOPLESEARCH PTE. LTD. Full timeRoles & ResponsibilitiesOperational Risk Specialist/Manager Our client, a leading bank is looking for a detail-oriented and analytical Operational Risk Specialist to support the bank in identifying, assessing, and managing operational risks. Key ResponsibilitiesIdentify and assess operational risks across key business processes and functions. Develop and...
