AVP, Risk Governance & Conduct Management

ocbc; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

OCBC is seeking a Risk Governance & Conduct Management professional to help ensure regulatory compliance and robust risk governance across the consumer banking business. You will engage with business units to identify market conduct and cross-border risks, develop policies, and support implementation of controls and regulatory updates.

You will stay current on regulatory requirements, collaborate with stakeholders across lines of defense, and contribute to training and reporting to management.

Qualifications

• Degree holders aspiring to develop a career in risk management.
• Audit, compliance or risk management experience is an added advantage.
• Strong knowledge of risk management principles and regulatory requirements.

Responsibilities

• Ensure regulatory compliance of the consumer banking business, including risk governance and cross-border compliance.
• Engage business units to identify market conduct and cross-border risks and implement controls.
• Advise partners on market conduct risk and cross-border compliance matters across projects.
• Operationalize regulatory requirements with business partners, including digitalisation initiatives.
• Conduct training on compliance matters and disseminate regulatory updates to internal parties.
• Support Divisional Compliance Officer responsibilities and maintain stakeholder relationships.

Skills

Risk management

Regulatory requirements

Stakeholder management

Analytical skills

Communication skills

Education

Degree in risk management or related field

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. 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.

Risk Governance & Conduct Management

Why join

As a Risk Governance & Conduct Management professional at OCBC, you will play a critical role in ensuring that the bank's risk management practices are aligned with regulatory requirements and industry best practices. You will work closely with various stakeholders to identify, assess, and mitigate risks, and develop and implement effective risk governance and conduct management frameworks. If you are a detail-oriented and analytical individual with a passion for risk management and compliance, this role is for you.

How you succeed

To succeed in this role, you will need to have a deep understanding of risk management principles, regulatory requirements, and industry best practices. You will be responsible for developing and implementing effective risk governance and conduct management frameworks, identifying and assessing risks, and collaborating with various stakeholders to mitigate risks. You will also need to stay up-to-date with regulatory requirements, industry trends, and emerging risks to ensure that the bank's risk management practices are always current.

Roles & Responsibilities

You will be part of the team that is responsible for ensuring regulatory compliance of the consumer banking business, covering key areas such as risk governance, market conduct requirements and cross-border compliance matters.

Responsibilities will include:

• Actively engage business units to identify potential market conduct and cross-border compliance risks, and work collaboratively to establish compliance policies and/or measures to mitigate gaps.
• Create awareness of and advise business partners on market conduct risk and cross-border compliance matters (including participation on cross-functional projects) to ensure that internal processes and controls are robustly designed and executed to mitigate compliance risks.
• Collaborate with business partners to operationalize regulatory requirements efficiently and effectively, including providing requirements for digitalisation projects.
• Conduct training for new and existing staff on relevant compliance matters and cross-border marketing guidelines.
• To support Divisional Compliance Officer (DCO) responsibilities, ensure regulatory updates are assessed and disseminated to the right internal parties.
• Ensure that relevant regulatory updates are adequately assessed to ensure full compliance by CFS as a whole.
• Maintain effective relationships with stakeholders across all lines of defense.
• Prepare management reports to update senior management.

Experience & Skills

• Degree holders aspiring to develop a career in risk management.
• Audit, compliance or risk management experience is an added advantage.
• At least 5 years of experience in risk management, compliance, or a related field, preferably in the banking or finance industry
• Good understanding of retail banking products and services.
• Good knowledge of regulations governing the sale of investment products to customers (e.g. Financial Advisers Act, Securities and Futures Act, MAS Fair Dealing Guidelines and the regulatory changes arising from the Financial Advisory Industry Review).
• Awareness or prior knowledge of cross border marketing requirements will be an added bonus
• Strong analytical and problem-solving skills, with the ability to identify and assess risks and make sound decisions.
• Good communication and inter-personal skills, with experience of dealing with stakeholders across levels.
• Strong knowledge of risk management principles, regulatory requirements, and industry best practices.
• Good project management skills with the ability to work independently as well as a team player.

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. To