Operational Risk & Compliance Manager (Banking)

GREENLANE PRIVATE LTD.; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading bank in Singapore seeks an experienced Operational Risk and Compliance Manager to oversee risk frameworks and compliance strategies. The role involves advising departments, managing operational risks in new products, and preparing reports for senior management. Candidates should have at least 3 years in Operational Risk Management, a relevant bachelor's degree, and strong analytical skills. This position offers an opportunity to make a significant impact in a fast-paced banking environment.

Qualifications

• At least 3 years of experience in Operational Risk Management and Compliance roles, preferably in banking.
• Good understanding of MAS Guidelines on Risk Management practices and BCM guidelines.
• Ability to work independently with minimum supervision.

Responsibilities

• Advise on operational risk identification and control implementation.
• Lead root cause analysis of operational risk events.
• Prepare operational risk reports for Senior Management and regulators.

Skills

Operational Risk Management

Compliance

Analytical skills

Problem-solving

Communication skills

Education

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