Operational Risk Manager

GXS; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

GXS is seeking a Second Line of Defense professional in Singapore to lead the Operational Risk Management (ORM) framework governance within the Risk department. You will report to the Head of Operational Risk Management and align ORM with the bank's digitization strategy and risk appetite.

You will collaborate with Tech, Risk, Product, and Compliance teams to build robust controls, monitor regulatory changes from MAS, and oversee RCSA, SOREs, and ICAAP-related testing.

Qualifications

• Bachelor's degree or higher from a recognized university.
• 5-8 years in Operational Risk, Internal Audit, or Compliance, preferably in retail banking.
• Deep appreciation for Generative AI to solve risk problems and experience using data analytics for risk assessments.
• Solid understanding of digital banking products, technology risk, and MAS regulations.

Responsibilities

• Maintain the ORM Framework and ensure policies are embedded across the bank's control environments.
• Partner with Tech, Risk, Product, and Compliance teams to build robust controls and clear accountability for new systems.
• Monitor MAS Notices 634, 626, 635, 658 to ensure adherence to banking standards.
• Evaluate Ops Risk Events (OREs), SOREs, and product programs (BPPs).
• Oversee Risk and Control Self-Assessments (RCSA), monitor Risk Appetite (RA) thresholds, and manage the eGRC platform.
• Conduct annual stress testing for ICAAP reporting and perform periodic sampling of manual processes.
• Support ESG initiatives and manage Ops Risk Champion training.

Skills

GenAI for risk

Data analytics

Education

Bachelor's degree or higher

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.
• 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.
• Technical Skills: Deep appreciation for Generative AI (GenAI) to solve risk problems and experience using data analytics for risk assessments.
• Expertise: Solid understanding of digital banking products, technology risk, and MAS regulations.
• Soft Skills: Strong communication skills with the ability to navigate a fast-paced, "VUCA" startup environment