Consumer Risk and Control Specialist SG

CIMB Singapore; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

CIMB Singapore is seeking a capable regulatory and risk professional to join the Consumer Banking risk team. You will perform RCSA for CB, ensure controls are in place, and support regulatory reporting and audits.

Key duties include monthly control testing, monitoring KRIs, liaising with auditors, and guiding CBGS on risk matters. You will collaborate with product teams, SMEs, and stakeholders to strengthen governance and compliance in Singapore's banking environment.

Qualifications

• Degree/ Diploma or equivalent required.
• Experience in banking/financial industry preferred.
• Regulatory Knowledge of MAS Singapore and Malaysia is a plus.
• Strong operational risk management and stakeholder management skills.

Responsibilities

• Perform Risk Control Self-Assessment (RCSA) for the Consumer Banking division and ensure suitable controls are implemented to mitigate the identified risks.
• Perform monthly independent control effectiveness testing to validate that controls have been implemented effectively across both business and operations units.
• Monitor operational Key Risk Indicator trends and engage business/ops units when there are breaches to assess and formulate action plans.
• Assist in all CBGS audits, liaising with auditors and reviewing evidence and responses.
• Review incidents logged as Control Issue Management (CIM) or Loss Event Description (LED) in the GRC system and ensure resolution within deadlines.
• Provide independent assurance and evaluate risk management effectiveness (RCSA, KRI, assessments).
• Assist with preparing, reviewing and validating regulatory reports before submission.
• Support relevant CBGS project initiatives and implementation of risk/compliance policies.

Skills

Regulatory Knowledge

Operational Risk Management

Stakeholder Management

Education

Degree/Diploma

Job description

Responsibilities

• Perform Risk Control Self-Assessment (RCSA) for the Consumer Banking division and ensure suitable controls are implemented to mitigate the identified risks

Strategy and Planning

• Perform Risk Control Self-Assessment (RCSA) for the Consumer Banking division and ensure suitable controls are implemented to mitigate the identified risks

Business Performance and Management

• Perform monthly independent control effectiveness testing to validate that controls have been implemented effectively across both business and operations units
• Monitor operational Key Risk Indicator trends and engage business/ops Unit whenever there are breaches or red flags to assess and formulate actions plans to address these risks
• Assist in all Consumer Banking Singapore audits, both internal and external audit matters. Liaison with auditors, reviewing evidence and responses to any potential observations to be issued prior to submission
• Review the incidences that occurred as Control Issue Management (CIM) or Loss Event Description (LED) into GRC system and ensure resolution is completed within deadline. To facilitate the creation of Control Issue Acceptance (CIA) with issue owner and the relevant stakeholders and Subject Matter Experts (SME).
• Provide independent assurance and evaluate risk management effectiveness (egs RCSA, KRI, assessments)
• Assist with preparing, reviewing and validating regulatory reports before submission.
• Provide support to relevant CBGS project initiatives
• Assist in the implementation of Bank’s risk management/compliance policies and framework for the Consumer Banking division
• Provide guidance to CBSG business units on operational risk matters
• Partner Product Managers to provide timely responses to MAS RFIs and consultation papers pertaining to CBGS-related matters (excluding FAA/FSA), and conduct gap analyses whenever new MAS circulars, notices, or guidelines are issued.
• Identify relevant external courses (including those from ABS) that applicable to CBGSstaff.
• Represent the Bank in ABS FAIR Committee engagements and participate in discussions with industry partners

People Management

• Work closely with internal functional teams including other departments and stakeholders on audit matters and facilitate acceptance and implementation of any new or revised process/controls/policies

Regulatory Compliance

• Support the implementation of Bank’s risk management/compliance policies and framework for the Consumer Banking division
• Provide regulatory advisory support to business units within CBSG on regulatory matters
• Provide inputs for SOPs, GPOC and FSD to ensure compliance with internal and regulatory requirements and efficiency
• Assist in all CBGS regulatory reporting and AML Enterprise-wide Risk Assessment (e.g. FATCA, CRS, AML, MAS Ad-Hoc Questionnaires, CRAFT etc.)

Requirements

Qualifications

• Degree/ Diploma

Relevant Work Experience

• Experience in banking/financial industry

Technical/Functional Skills

• Regulatory Knowledge (Monetary Authority of Singapore and preferably Bank Negara Malaysia as well)
• Operational Risk Management
• Stakeholder Management

Personal Skills (Soft Competencies)

• Result Driven
• Collaboration and Networking
• Versatility and Agility
• Problem-solving skills
• Strong attention to details