Associate Operational Risk Manager

NOMURA SINGAPORE LIMITED; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A leading financial services firm in Singapore is seeking an Associate Operational Risk Manager to support the implementation of the operational risk management framework. The role involves conducting risk assessments, preparing reports for senior management, and collaborating with various business units. Candidates should have a Bachelor's degree related to finance and over 4 years of relevant experience. Excellent analytical skills and the ability to work independently are essential. Opportunities for career advancement are available.

Benefits

Access to professional development and training programs

Opportunity for career advancement

Qualifications

• 4+ years of experience in risk management or audit.
• Experience working within an Asset Management business.
• Understanding of operational risk management principles.

Responsibilities

• Assist in conducting risk assessments and identifying potential operational risks.
• Prepare regular operational risk reports for senior management.
• Support the development and implementation of risk management policies.

Skills

Strong analytical and problem-solving skills

Excellent communication and presentation skills

Proficiency in Microsoft Office Suite

Education

Bachelor’s degree in Business, Finance or Risk Management

Master’s degree in related field

Tools

Risk management software

Job description

Department Overview

The management of operational risk is a key business priority for Nomura and is vital to the successful delivery of the firm’s strategy. The AEJ Operational Risk Management Team is an independent risk management group (second line of defence) overseeing and ensuring risk management at the Firm level. The Associate Operational Risk Manager is responsible for supporting the implementation and maintenance of the operational risk management framework within the organization. This role helps identify, assess, monitor, and mitigate operational risks across various business units.

Role Description

Risk Assessment & Monitoring

• Assist in conducting risk assessments and identifying potential operational risks
• Monitor key risk indicators (KRIs) and risk metrics
• Support the development and maintenance of risk registers
• Participate in risk control self-assessments (RCSAs)

Reporting & Documentation

• Prepare regular operational risk reports for senior management
• Document risk incidents and near-misses
• Maintain operational risk documentation and procedures
• Track and report on risk mitigation activities

Process Improvement

• Support the development and implementation of risk management policies and procedures
• Identify areas for process improvement and control enhancement
• Assist in implementing risk mitigation strategies

Stakeholder Management

• Collaborate with business units to identify and assess operational risks
• Provide guidance on risk management practices to stakeholders
• Support training initiatives related to operational risk management
• Liaise with internal audit and compliance teams

Skills, experience, qualifications, and knowledge required

Core Skills requirement:

• Bachelor’s degree in Business, Finance or Risk Management
• 4+ years of experience in risk management or audit
• Experience working within an Asset Management business / function
• Understanding of operational risk management principles and frameworks
• Knowledge of regulatory requirements and industry standards
• Strong analytical and problem-solving skills
• Excellent communication and presentation skills
• Proficiency in Microsoft Office Suite

Preferred Qualifications:

• Master’s degree in related field
• Professional certifications (e.g., FRM, PRM, CISA)
• Experience with risk management software and tools
• Knowledge of Basel framework and regulatory requirements
• Project management experience

Skills & Competencies:

• Strong attention to detail
• Excellent organizational skills
• Ability to work independently and as part of a team
• Good judgment and decision-making abilities
• Strong interpersonal skills
• Analytical mindset
• Process-oriented thinking

Working Conditions:

• Full-time position
• Office environment
• May require occasional travel
• May require working extended hours during peak periods

Career Development:

• Opportunity for advancement to Senior Operational Risk Manager
• Access to professional development and training programs
• Exposure to various aspects of risk management and business operations

This role typically reports to the Senior Operational Risk Manager or Head of Operational Risk and works closely with various business units and stakeholders across the organization.

Nomura Competencies

Explore Insights & Vision

• Identify the underlying causes of problems faced by you or your team and define a clear vision and direction for the future.

Making Strategic Decisions

• Evaluate all the options for resolving the problems and effectively prioritize actions or recommendations.

Inspire Entrepreneurship in People

• Inspire team members through effective communication of ideas and motivate them to actively enhance productivity.

Elevate Organizational Capability

• Engage proactively in professional development and enhance team productivity through the promotion of knowledge sharing.

Inclusion

• Respect DEI, foster a culture of psychological safety in the workplace and cultivate a "Risk Culture" (Challenge, Escalate and Respect).

Diversity Statement

Nomura is committed to an employment policy of equal opportunities and is fundamentally opposed to any less favourable treatment accorded to existing or potential members of staff on the grounds of race, creed, colour, nationality, disability, marital status, pregnancy, gender, or sexual orientation.

DISCLAIMER: This Job Description is for reference only, and whilst this is intended to be an accurate reflection of the current job, it is not necessarily an exhaustive list of all responsibilities, duties, skills, efforts, requirements or working conditions associated with the job. The management reserves the right to revise the job and may, at his or her discretion, assign or reassign duties and responsibilities to this job at any time.

Nomura is an Equal Opportunity Employer

SFID: 12376