Operational Risk Officer

PERSOL; Singapore; On-site; SGD 80,000 - 100,000; Full time

Job summary

A financial services company in Singapore is seeking an Operational Risk Management professional to manage risk, ensure compliance, and collaborate across departments. Responsibilities include advising on risk matters, conducting evaluations, and preparing reports for senior management. Candidates should have a degree in Business or a related field and at least 3 years of experience in a similar role, particularly within financial institutions. Strong communication skills and a proactive approach to learning are essential.

Qualifications

• Minimum of 3 years of relevant experience in a similar role, preferably within a financial institution.
• Strong enthusiasm for learning and a professional approach to work.
• Familiarity with KRI, RCSA, and ORE practices.

Responsibilities

• Advise on matters related to Operational Risk Management.
• Conduct Key Risk Indicator (KRI), Risk and Control Self-Assessment (RCSA), and Operational Risk Exposure (ORE) evaluations.
• Review, update, and maintain documentation for policies and procedures across Operational Risk Management.

Skills

Strong interpersonal and communication skills

Ability to work independently

Solid understanding of regulatory guidelines

Education

Bachelor’s degree in Business, Banking and Finance, or related field

Job description

Brief Summary

Join a dynamic team where you'll play a crucial role in managing operational risks and ensuring effective governance and compliance. Bring your expertise and passion for risk management to drive strategic initiatives and support business continuity.

Responsibilities

• Advise on matters related to Operational Risk Management.
• Conduct Key Risk Indicator (KRI), Risk and Control Self-Assessment (RCSA), and Operational Risk Exposure (ORE) evaluations.
• Review, update, and maintain documentation for policies and procedures across Operational Risk Management, Fraud Management, and New Product Management.
• Collaborate with various departments to report operational risk events, identify root causes, and develop suitable mitigation plans.
• Lead and oversee Outsourcing Risk assessments to ensure compliance with regulatory standards and the organization’s risk policies.
• Analyze operational risks associated with new products, providing support during the New Product Approval process, and act as the Secretariat of the New Product Committee.
• Assist in achieving business continuity objectives by facilitating regular Business Continuity Plans (BCP) and documenting recovery strategies across departments.
• Conduct independent checks on transaction activities and records for private banking to detect any unusual or suspicious behaviors.
• Manage bank-wide Policies and Procedures (P&P), ensuring timely updates and publication in the P&P system.
• Initiate and facilitate Business User Access Reviews, maintain Business System Listings, and serve as System Administrator for designated systems.
• Prepare operational risk reports and presentation materials for the Risk Management Committee, senior management, and regulatory bodies.
• Undertake additional tasks as assigned by supervisors or management.

Requirements

• Recognized bachelor’s degree or higher, ideally in Business, Banking and Finance, or a related field.
• Minimum of 3 years of relevant experience in a similar role, preferably within a financial institution.
• Strong enthusiasm for learning and a professional approach to work.
• Excellent interpersonal and communication skills.
• Solid understanding of regulatory guidelines on risk management and familiarity with KRI, RCSA, and ORE practices.
• Ability to work independently with minimal supervision and adapt in a fast-paced environment.

Interested candidates who wish to apply for the advertised position, please click on “Apply”. We regret that only shortlisted candidates will be notified. EA License No.: 01C4394 (PERSOL Singapore PTE LTD)

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