Operational Risk Lead (6 months contract)

Confidential Company; Singapore; On-site; SGD 110,000 - 170,000; Full time

Job summary

Confidential Company in Singapore is seeking an experienced professional to lead the implementation and governance of the Operational Risk Management (ORM) framework within the Risk department. You will align ORM with the bank’s digitization strategy and risk appetite, reporting to the Head of Operational Risk Management.

Role covers framework maintenance, regulatory compliance (MAS notices), risk monitoring, RCSA, KRI, and training to grow risk culture across business units.

Qualifications

• Bachelor’s degree or higher from a recognized university.
• 5–8 years in Operational Risk, Internal Audit, or Compliance in retail banking.
• Demonstrate strong analytical capabilities and clear communication with stakeholders.
• Ability to operate in a fast-paced, evolving digital banking environment.

Responsibilities

• Maintain the ORM Framework and ensure policies are embedded across control environments.
• Collaborate with Tech, Risk, Product, and Compliance teams to build robust controls.
• Monitor MAS regulatory landscape to ensure adherence to banking standards.
• Review Ops Risk Events and product programs; oversee RCSA, RA thresholds, and eGRC.
• Deliver accurate risk reporting to risk committee forums and promote risk culture.
• Support training and awareness initiatives and drive ESG-related risk activities.

Skills

Operational Risk

Regulatory Compliance

Stakeholder Collaboration

Data-driven analytics

Risk governance

Risk reporting

Education

Bachelor's degree

Tools

RCSA

KRI

CET

eGRC platform

Job description

This is a Second Line of Defense role within the Risk department. Reporting to the Head of Operational Risk Management, you will oversee the implementation and governance of the Operational Risk Management (ORM) framework, aligning it with the bank’s digitization strategy and risk appetite.

Key Responsibilities

• Framework & Governance: Maintain the ORM Framework and ensure policies are embedded across the bank’s control environments.
• Stakeholder Collaboration: Partner with Tech, Risk, Product, and Compliance teams to build robust controls and clear accountability for new systems.
• Regulatory Compliance: Monitor the Singapore regulatory landscape (MAS Notices 634, 626, 635, 658) to ensure adherence to banking standards.
• Review & Challenge: Evaluate Ops Risk Events (OREs), Significant Operational Risk Events (SOREs), and product programs (BPPs).
• Risk Monitoring: Oversee Risk and Control Self-Assessments (RCSA), monitor Risk Appetite (RA) thresholds, and manage the eGRC platform.
• ORM Tools: Facilitate and support BUs in the Operational Risk Management tools, including RCSA, KRI, CET, Operational Risk Incident Management.
• Risk Reporting: Undertake accurate and timely delivery of risk reporting to various risk committee forums.
• Training and Awareness: Promote and develop risk culture and awareness in the Bank.
• Specialized Testing: Conduct annual stress testing for ICAAP reporting and perform periodic sampled testing of manual processes.
• Strategic Support: Support ESG initiatives and manage the bank’s Ops Risk Champion training program.

Requirements

• Education: Bachelor’s degree or higher from a recognized university.
• Experience: 5–8 years in Operational Risk, Internal Audit, or Compliance, preferably within retail banking.
• Demonstrate the core bank values of Stay Curious, Be Brave, Build with Heart, and Own the Mission in every aspect of the role.
• Data-driven, strong analytical capabilities and a holistic understanding of banking operations and risk management.
• Display excellent interpersonal and communication skills, with the ability to articulate complex risk concepts to stakeholders at all levels.
• Thrive in a fast-paced, evolving digital banking environment, showing a willingness to take on new challenges and adapt to evolving business needs.
• An ambitious and self-driven professional with a high degree of attention to detail, capable of delivering high-quality results under pressure and navigating complex environments with minimal supervision.