Business Risk Specialist

Bank of Singapore opens doors to new opportunities.

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 and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group's global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today

This position within the Chief Operating Office – Business Risk Management, Locations Support (Non-Hub) team partners with the stakeholders in the BOS Wealth Management Malaysia (BOSWM MY) Front Office, Investment Solutions Group (ISG) and Chief Investment Office(CIO) Business Units as well as the BRM functional teams in Singapore to ensure seamless integration of the BRM policies & procedures, monitoring & assurance programs, as well as the operational risk management framework and information security risk. In addition, the team is the liaison for internal and external reviews, supporting the Business Units in audit walkthroughs & responses and ensuring Units' timely closure of outstanding items, while actively promoting general operational risk and information risk awareness among all staff. This role also provides support for the other non-hub locations.

This role reports to the Team Head, COO Business Risk Management – Locations Support (Non Hub), which is part of the Chief Operating Office Business Risk Management ("COO BRM") unit.

Policies & Procedures

• Ensure Business Units understand the requirements and processes relating to Sales Policy, Suitability Policy and Front Office Procedures, among other policies & procedures owned by BRM
• Participate in various workgroups to provide inputs and advice from the perspective of the Business Units

Risk and Control

• Support all risk items related to BOSWM MY
• Oversee the implementation of operational risk management governance and framework in first line of defence for the Business Units including management of operational risk events management, risk & control assessments, business continuity planning, data loss policies, third party risk management, physical security, as well as exceptional handling and risk acceptances, among othe
• Consolidate and report risk indicators (to ERC & local management committees, if any) to identify areas of risk and ensure past mitigation efforts are having the desired effect
• Regulatory inspections/ independent assessments and Internal Audits:
• Effective management of audits, Compliance Testing and other inspections on the Business Units
• Execute management action plans timely to prevent and address areas of attention as raised by regulator and/or Internal Audit

Monitoring & Surveillance

• Conduct risk-based surveillance program for the Business Units which meets the regulatory requirements and internal policy requirements, primarily on fair dealing practices, client suitability, sales and dealing practices and staff conduct matters 
• Present and explain findings and lessons learnt to front office where relevant
• Collaborate with Front Office and Support Functions in the execution of the program

• Minimum of 3 years of experience in compliance, risk and controls or audit function, preferably in private banking environment.
• Knowledge of banking products and operations preferred.
• High level of integrity, dependable, adaptable and committed with high level of initiative.
• Proficiency in MS Excel / Access VBA is a plus.