Operational Risk Manager

GXS Bank Pte. Ltd.; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

GXS Bank Pte. Ltd. seeks a Second Line of Defense professional within the Risk department to oversee the implementation and governance of the Operational Risk Management framework.

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 to embed controls, monitor regulatory requirements, and oversee RCSA, risk appetite, and eGRC platforms in a fast-paced,

Qualifications

• Bachelor’s degree or higher in a relevant field.
• 5–8 years in Operational Risk, Internal Audit, or Compliance, preferably in banking.

Responsibilities

• Maintain ORM framework governance and embed policies across control environments.
• Collaborate with Tech, Risk, Product and Compliance to build robust controls and clear accountability for new systems.
• Monitor MAS Notices 634, 626, 635, 658 to ensure regulatory adherence.
• Review Ops Risk Events, SOREs, and product programs.
• Oversee RCSA, monitor Risk Appetite thresholds, and manage the eGRC platform.
• Conduct annual ICAAP stress testing and periodic testing of manual processes.
• Support ESG initiatives and Ops Risk Champion training.

Skills

GenAI for risk

Data analytics

Strong communication

Digital banking risk

Regulatory awareness

Education

Bachelor’s degree

Tools

eGRC platform

RCSA tools

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