Business Risk Specialist - Monitoring Rules for Monitoring & Assurance (Manager)

Overseas Chinese Banking Corporation; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

A financial institution is seeking a Risk Management Specialist to enhance Private Banking business risk projects. The role involves partnering with stakeholders, analyzing data for risks, and improving operational efficiency. Candidates should have 4+ years in private banking risk management, strong analytical skills, and proficiency in data visualization tools. A collaborative attitude and knowledge in agile and lean methodologies are preferred.

Benefits

Attractive remuneration packages

Non-financial benefits

Opportunities for professional development

Qualifications

• Minimum of 4 years of experience in business risk projects for a private bank.
• Strong analytical skills and knowledge of risk and process design.
• Experience with agile and lean methodologies preferred.

Responsibilities

• Implement and enhance risk-related projects and procedures.
• Partner with stakeholders to manage project scope and timeline.
• Analyze business risk data and present insights to management.

Skills

Analytical skills

Risk knowledge

Regulatory understanding

Data visualization skills

Communication skills

Leadership skills

Agile methodology

Lean methodology

Tools

Microsoft Excel

Microsoft PowerPoint

Python

Power BI

Job description

Overview

Bank of Singapore opens doors to new opportunities. At Bank of Singapore, we are constantly on the lookout for exceptional individuals to join our team. We promote a culture of openness, teamwork and fairness. Most importantly, we invest in our people through our programmes that develop them on both professional and personal levels. Besides attractive remuneration packages, we offer non-financial benefits and opportunities to develop your potential within OCBC Group's global network of subsidiaries and offices. If you have passion, drive and the will to succeed, rise to the challenge today!

This position within the Chief Operating Office - Business Risk Management, Monitoring Rules Development team.

The incumbent seeks to implement and/or enhance the Private Banking business risk related projects, procedures, and processes. This is to ensure the bank is compliant with Private Banking Controls and Regulations, and at the same time achieve continuous improvement around business risk processes.

Responsibilities

• Partner with related stakeholders (i.e. Front Office, Compliance, Risk Management, Operations, Technology and external consultants and vendors [as required]) to:
• understand requirements and define strategy to accomplish these objectives
• drive business plan and jointly deliver the multiple streams of work within scope, timeline and budget by prioritizing and managing assigned project resources and project risk and issues
• Manage and communicate with key stakeholders on status, key risks and issues.
• Support the business objectives of strategic growth, enhanced client experience, improved business risk management and operational efficiency
• Ensure that deliverables achieve synergy with business processes, which includes re-defining the business process and driving the Target Operating Model design, where applicable (requires partnership with cross-functional teams)
• Be able to independently manage, implement or enhance simple business risk procedures and processes, setting clear project plans for execution
• Assist the team head to act as the contact point and coordinator for business risk related topics and enhance or re-design procedure and processes to align with strategic system or to close the gap.
• Assist in identification of data from bank's data sources, maintain and manage databases for the team and use this information to perform review of controls which offer valuable insights for identifying business risks and assessing the operational effectiveness of controls.
• Assist in interpreting business risk related data, as well as analyzing and presenting results to management.
• Assist in driving BRM operational effectiveness and implement process improvements for increased efficiency

Key skills and requirements

• Minimum of 4 years of experience, with practical experience in Front Office processes enhancement and implementation of at least one business risk related project for a private bank.
• Strong analytical skills and good knowledge of risk, regulatory, control and process design.
• Understand business flow and process, investigate and analyze issues with attention to details.
• Experience in agile and lean methodology is preferred.
• Willingness to learn and embrace challenges and changes.
• Able to rapidly assimilate and multi-task.
• Strong interpersonal and professional communication skills (both oral and written). Must have strong data visualization, presentation and group facilitation skills.
• Excellent team and organizational leadership skills working with cross functional stakeholders.
• Experience managing and working confidently and collaboratively across functional teams.
• Proficient in Microsoft office skills with preference on Excel and PowerPoint. Python and Power BI knowledge