Business Risk Specialist - Locations Support (Manager) | Singapore, SG

Bank of Singapore; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

Bank of Singapore seeks a Business Risk Specialist to support operational risk management and ensure compliance within Wealth Management divisions. Candidates should have a background in risk management or audit, with strong integrity and analytical skills. The role involves overseeing risk events and compliance testing, contributing to a dynamic environment within a leading private bank.

Qualifications

• At least 3 years’ experience in compliance, risk, controls, or audit, preferably in private banking.
• Knowledge of banking products and operations preferred.
• High integrity, dependability, adaptability, and initiative.
• Proficiency in MS Excel/Access VBA is advantageous.

Responsibilities

• Ensure Business Units understand compliance requirements and policies.
• Support risk management and oversee operational risk governance.
• Consolidate and report risk indicators to management.
• Conduct risk-based surveillance and collaborate with front office.

Skills

Compliance

Risk Management

Controls

Audit

Integrity

Adaptability

Initiative

MS Excel

Job description

Business Risk Specialist - Locations Support (Manager)

At Bank of Singapore, we are constantly looking for exceptional individuals to join our team. We promote a culture of openness, teamwork, and fairness. We invest in our people through programmes that develop them professionally and personally. Besides attractive remuneration packages, we offer non-financial benefits and opportunities within OCBC Group’s global network. If you have passion, drive, and the will to succeed, rise to the challenge today!

Bank of Singapore opens doors to new opportunities.

This position within the Chief Operating Office - Business Risk Management, Locations Support (Non-Hub) team partners with stakeholders in BOS Wealth Management Malaysia (BOSWM MY), Investment Solutions Group (ISG), and Chief Investment Office (CIO) Business Units, as well as BRM teams in Singapore. The role ensures seamless integration of BRM policies & procedures, monitoring & assurance programs, and the operational risk management framework, including information security risk. The team also liaises for internal and external reviews, supports audit walkthroughs & responses, and promotes operational and information risk awareness among staff. Support for other non-hub locations is also part of this role.

This role reports to the Team Head, COO Business Risk Management - Locations Support (Non-Hub), within the COO Business Risk Management unit.

Key Responsibilities

• Policies & Procedures: Ensure Business Units understand requirements related to Sales Policy, Suitability Policy, and Front Office Procedures, among others. Participate in workgroups to provide inputs from the Business Units’ perspective.
• Risk and Control: Support risk management for BOSWM MY, oversee operational risk governance, manage risk events, assessments, business continuity, data policies, third-party risk, physical security, and handle risk acceptances.
• Consolidate and report risk indicators to management to identify risk areas and verify mitigation effectiveness.
• Manage audits, compliance testing, and inspections; execute management action plans promptly.

Monitoring & Surveillance

• Conduct risk-based surveillance on fair dealing, client suitability, sales practices, and staff conduct.
• Present findings and lessons learned to front office.
• Collaborate with Front Office and Support Functions to execute surveillance programs.

Minimum Qualifications

• At least 3 years’ experience in compliance, risk, controls, or audit, preferably in private banking.
• Knowledge of banking products and operations is preferred.
• High integrity, dependability, adaptability, and initiative.
• Proficiency in MS Excel/Access VBA is advantageous.

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Asia's global private bank, Bank of Singapore, is a wholly owned subsidiary of OCBC Bank, Southeast Asia’s second largest bank. Headquartered in Singapore...

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