Operational Risk Leader - Insurance

China Taiping Insurance (Singapore) Pte. Ltd.; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

China Taiping Insurance (Singapore) Pte. Ltd. is seeking an experienced Operational Risk professional to oversee the risk management framework and advise on strategies across business functions.

You will act as the 2nd Line of Defense, manage incident response, third-party risk, and risk controls, and report risk metrics to the Board. The ideal candidate holds a Bachelor's in Accounting or Business, 8+ years in insurance risk, and MAS knowledge.

Qualifications

• Bachelor's degree in Accounting, Business or related discipline.
• 8+ years of operational risk and compliance experience in the insurance industry.
• Good working knowledge of Risk Management framework, best practices and regulatory framework.
• Certification in Operational Risk Management or CISA (advantageous).
• Good working knowledge of MAS and local insurance regulations.
• Strong interpersonal and communication skills.
• Proficiency in English and Mandarin for liaising with stakeholders.

Responsibilities

• Establish and maintain the Operational Risk Management, Third Parties Risk Management, and Business Continuity Management framework.
• Acts as the 2nd Line of Defense.
• Responsible for the effective handling of Operational and IT Incidents.
• Responsible for the company-wide Risk Control Self-Assessment.
• Ensure effective review of risk controls and advisory on remediation activities.
• Conduct periodic due diligence checks on third party service providers.
• Liaise with functions to update Business Impact Assessments and annual Business Continuity exercise.
• Establish operational risk metrics and report monitoring/remediation to Board and Management.
• Coordinate quarterly risk assessments with departments.
• Support regulatory inspections and audits on Operational Risk topics.

Skills

Risk management

Regulatory compliance

Communication skills

Attention to detail

Interpersonal skills

Mandarin proficiency

Education

Bachelor's degree in Accounting/Business or related

Job description

China Taiping Insurance (Singapore) Pte. Ltd. is seeking an experienced Operational Risk professional to oversee the risk management framework and advise on strategies across business functions.

You will act as the 2nd Line of Defense, manage incident response, third-party risk, and risk controls, and report risk metrics to the Board. The ideal candidate holds a Bachelor's in Accounting or Business, 8+ years in insurance risk, and MAS knowledge.