Operational Risk and Compliance Manager

Borr Drilling; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading banking firm seeks an experienced Operational Risk and Compliance Manager in Singapore. This role involves advising on risk frameworks, compliance oversight, and managing outsourcing risks, providing a platform for impactful contributions to operational stability. Ideal candidates have a relevant degree and substantial experience in risk management, particularly within the banking sector.

Qualifications

• Minimum 3 years in Operational Risk Management and Compliance roles.
• Strong understanding of MAS Guidelines.
• Ability to work independently in a dynamic environment.

Responsibilities

• Advise on operational risk identification and control implementation.
• Conduct independent monitoring of transactions.
• Prepare operational risk reports for management and regulators.

Skills

Analytical skills

Problem-solving

Communication skills

Education

Bachelor’s degree in Finance, Risk Management, Business Administration, Law, or a related field

Job description

About the Role:

We are hiring on behalf of a leading bank for an experienced Operational Risk and Compliance Manager. If you have a solid background in managing risk frameworks, ensuring compliance, and collaborating across functions, this role offers the perfect platform to apply your expertise in a dynamic banking environment.

Roles and Responsibilities

• Advise departments on operational risk identification, assessment, and control implementation for business processes.
• Review, update, and maintain policies/procedures for Operational Risk, Fraud Management, and New Product Approval.
• Lead root cause analysis of operational risk events and develop mitigation action plans.
• Support Head Office initiatives: Incident Reporting, Key Risk Indicators (KRI), and fraud risk reviews.
• Manage outsourcing risks per MAS regulations :
  Conduct due diligence on third-party providers.
  Ensure compliance with Bank’s Outsourcing Risk Policy.
• Mitigate operational risks in new products; facilitate New Product Committee processes.
• Drive Business Continuity Planning (BCP):
  Update Business Impact Analyses (BIA) and BCP documentation.
  Coordinate testing and recovery strategy development.
• Conduct independent monitoring of bank-wide transactions and private banking trade calls.
• Oversee bank-wide Policy & Procedure (P&P) lifecycle:
  Initiate reviews and manage P&P system updates.
• Administer Business User Access Reviews and maintain Business System Listing.
Prepare operational risk reports/presentations for RMC, Senior Management, Head Office, and regulators

Requirements

• Bachelor’s degree in Finance, Risk Management, Business Administration, Law, or a related field.
• At least 3 years of experience in Operational Risk Management and Compliance roles, preferably in the banking industry.
• Good understanding MAS Guidelines on Risk Management practices, BCM guidelines and Outsourcing Notices.
• Excellent analytical, problem-solving, and communication skills.
Ability to work independently with minimum supervision and able to adapt to a dynamic environment

About Us:

GreenLane is a Singapore-based recruiting firm specializing in banking, trading, tech, and other industries. We pride ourselves on connecting exceptional talent with leading organizations.

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