VP - CFS Risk Management Operations

OCBC; Kuala Lumpur; On-site; MYR 180,000 - 360,000; Full time

Benefits offered by this job

Competitive salary

Flexible benefits

Learning & development

Wellbeing programs

Job summary

OCBC Malaysia is seeking an experienced Operational Risk Partner to oversee risk management across the division, including risk assessments, incident oversight, controls remediation and regulatory adherence.

You will collaborate with second line of defence, conduct trainings, review SOPs, manage major incidents end-to-end, and work with stakeholders to implement robust controls. Degree holder with 8+ years of risk management experience required; strong knowledge of consumer banking regulations.

Qualifications

• Degree holders with minimum 8 years of direct and broad-based risk management experience covering third party risk management, operational risk management, business continuity management, regulatory and compliance.

Responsibilities

• Drives and contributes towards successful implementation of initiatives from CFS business units considering risk-rewards trade-offs and business risk appetite.
• Provides active risk advisory in the operational, third party, outsourcing, business continuity management, customer information handling, business process controls, etc., to ensure processes/controls are sound and robust to meet internal policies, guidelines, and applicable regulatory requirements.
• Review and validate business units SOPs, process manuals, and control documentation to ensure alignment with regulatory requirements and Group-wide policies.
• Manage major incident end-to-end (i.e. incident escalation, recovery, regulatory reporting if any, customer communication, etc), support root cause analysis for risk events with the relevant stakeholders.
• Collaborates with business units to formulate appropriate controls to mitigate operational risks (i.e. Data Loss, Third-Party, Business Continuity) arising from initiatives and processes to an acceptable level of low and moderate risk.
• Foster close working relationship with key stakeholders of other divisions, particularly second line of defence (Group Legal & Compliance, Operational Risk Management, Operation & Technology, Information Security and Digital Risk Management, etc) to ensure CFS alignment of applicable policies with the Group.
• Conduct regular communication and refresher trainings to uplift staff awareness on thematic areas (e.g. third party, outsourcing, data loss risks, etc).
• Participates in initiatives and taskforces established from various committee forum, such as Operational Risk Partner Forum, Data Working Group, Regulatory Reporting Committee, etc.
• As a key liaison with Anti-Fraud team to operationalise the fraud initiatives or controls.

Skills

Risk management

Regulatory understanding

Analytical thinking

Communication skills

Education

Degree holder

Job description

Who We Are

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

Who We Are

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires. Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future‑ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future. We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future‑ready career. Your Opportunity Starts Here. This role serves as the primary Operational Risk Partner, driving and overseeing the effective management of operational risk matters across the Division, including operational risk event management, material incident oversight, risk assessments, remediation of control gaps, escalation of significant risk issues, and ensuring that operational risk requirements are consistently implemented and adhered to across business units.

• Drives and contributes towards successful implementation of initiatives from CFS business units considering risk‑rewards trade‑offs and business risk appetite.


• Provides active risk advisory in the operational, third party, outsourcing, business continuity management, customer information handling, business process controls, etc, to ensure processes/ controls are sound and robust to meet internal policies, guidelines, and applicable regulatory requirements.


• Review and validate business units SOPs, process manuals, and control documentation to ensure alignment with regulatory requirements and Group‑wide policies.


• Manage major incident end-to-end (i.e. incident escalation, recovery, regulatory reporting if any, customer communication, etc), support root cause analysis for risk events with the relevant stakeholders.


• Collaborates with business units to formulate appropriate controls to mitigate operational risks (i.e. Data Loss, Third‑Party, Business Continuity) arising from initiatives and processes to an acceptable level of low and moderate risk.


• Foster close working relationship with key stakeholders of other divisions, particularly second line of defence (Group Legal & Compliance, Operational Risk Management, Operation & Technology, Information Security and Digital Risk Management, etc) to ensure CFS alignment of applicable policies with the Group.


• Conduct regular communication and refresher trainings to uplift staff awareness on thematic areas (e.g. third party, outsourcing, data loss risks, etc).


• Participates in initiatives and taskforces established from various committee forum, such as Operational Risk Partner Forum, Data Working Group, Regulatory Reporting Committee, etc.


• As a key liaison with Anti‑Fraud team to operationalise the fraud initiatives or controls.

Educate and uplift risk awareness culture for CFS division

Educational And Work Experience

• Degree holders with minimum 8 years of direct and broad‑based risk management experience covering third party risk management, operational risk management, business continuity management, regulatory and compliance. Sound knowledge in operational process and business applications/system for consumer banking.


• Strong knowledge of consumer banking products, services, channels, and processes, as well as regulations governing the consumer banking business.

Technical Skills

• Broad knowledge and understanding of regulatory requirements and expectations relating to MCIPD guideline, RMiT guideline, outsourcing guideline, business continuity management guideline, personal data protection act, data governance, regulatory reporting framework, etc.


• Strong risk oversight and governance, collaborating with relevant stakeholders to strengthen risk prevention and detection capabilities.

Personal Traits

• Able to work with minimum supervision.


• Independent self‑starter with a strong positive mindset and self‑motivation ability


• Possesses an inquisitive, structured, and logical mind to identify key risk issues for projects or initiatives


• Strong analytical and problem‑solving abilities


• Ability to influence, negotiate and collaborate well with stakeholders from other departments and divisions


• Good written and oral communication skills and ability to interact effectively with people at different levels


• Forward looking and embraces technology, analytics and automation to drive efficient and effective risk management

What We Offer

Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry‑leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.