Business Risk Management Advisor

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

Benefits offered by this job

Competitive base salary

Learning & development opportunities

Equal opportunity workplace

Job summary

OCBC is seeking an Operational Risk Management Advisor in Singapore. The role focuses on identifying and mitigating risks that could impact the bank’s growth and success, working with stakeholders to implement risk strategies and ensure regulatory compliance.

You will need to stay current with industry trends and regulations, collaborate with business units, and communicate complex risk issues to stakeholders while promoting best practices in risk management.

Qualifications

• Degree in business, finance or risk management as a relevant field.
• Strong analytical and problem-solving skills essential.
• Excellent communication and interpersonal abilities with stakeholders at all levels.
• Solid knowledge of risk management principles, risk assessment and mitigation techniques.
• At least 3 years of experience in risk management or a related field.

Responsibilities

• Oversee consistent and effective implementation of the Operational Risk Management Framework within the Business Units (BU).
• Provide operational and business risk advisory to BUs to help them manage risk effectively.
• Promote a culture of risk awareness and control mindset within the BU, supported by training via Risk Champion meetings.
• Review and challenge Risk & Control Self Assessments, ensuring risks and controls are identified and assessed by the BU.
• Review and challenge Risk Events; establish root cause analyses and ensure timely remediation of gaps.
• Help BUs adhere to applicable regulations and OCBC policies and embed changes into processes and systems.
• Liaise with Group Audit and BU to achieve satisfactory audit ratings and gatekeep audit findings.
• Collaborate with Risk Champions to support business growth while providing risk management perspectives.
• Represent BRMT and contribute to projects affecting business growth.

Skills

Analytical thinking

Problem-solving

Communication skills

Stakeholder management

Education

Degree in business/finance/risk management

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.

This is the broad job description of the job profile. Definitive job description should be reviewed and discussed between you and your manager.

Operational Risk Management Advisor

Why Join
As an Operational Risk Management Advisor at OCBC, you’ll play a critical role in identifying and mitigating risks that could impact our business. You’ll work closely with stakeholders to develop and implement risk management strategies that support our growth and success. It’s a challenging and rewarding role that requires strong analytical and problem-solving skills.

How you succeed
To succeed in this role, you’ll need to stay up-to-date with industry trends and regulatory requirements. You’ll work closely with business units to identify and assess risks, and develop strategies to mitigate them. You’ll also need to communicate complex risk issues to stakeholders and provide guidance on risk management best practices.

What you do

• Oversee consistent and effective implementation of the Operational Risk Management Framework within the Business Units (“BU”)

• Provide operational and business risk advisory to Business Units (“BU”) so as to help them manage risk effectively

• Promote a culture of risk awareness and control mindset within the BU, supported by provision of training via the Risk Champion Meetings

• Review and challenge Risk & Control Self Assessments, ensuring that risk and controls are properly identified and assessed by the BU

• Review and challenge Risk Events. Establish Root cause and deep dive as appropriate and ensure timely remediation of identified gaps

• Helping BU to adhere to applicable regulations, OCBC policies and procedures. Roll out updates and ensure changes are effectively embedded into the BU’s processes and systems

• Liaise with Group Audit and BU to achieve satisfactory or better Audit ratings. Gatekeep all audit findings and ensure satisfactory closure of findings

• Work closely with Risk Champions to support business growth, while at the same time providing risk management expertise and operational efficiency angle to the processes

• Represent BRMT and work with relevant stakeholders on relevant projects contributing to business growth

Who you are

• A degree in a relevant field, such as business, finance, or risk management
• At least 3 years of experience in risk management or a related field
• Strong analytical and problem-solving skills, with the ability to think critically and strategically
• Excellent communication and interpersonal skills, with the ability to work effectively with stakeholders at all levels
• Strong knowledge of risk management principles and practices, including risk assessment and mitigation techniques

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.

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. Equal opportunity. Fair employment. Selection based on ability and fit with our culture and values. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.

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.