Risk and Control Senior Specialist - CIBC SG

CIMB Singapore; Singapore; On-site; SGD 130,000 - 190,000; Full time

Job summary

CIMB Singapore is seeking a senior AML/CFT and Regulatory Compliance professional to lead risk and control design within the Risk and Compliance Unit. You will drive identification, assessment and monitoring of non-financial risks, partner with 2nd Line of Defense, and ensure adherence to MAS & SGX guidelines across complex banking activities.

The role requires 8–9 years’ experience in capital markets or banking, strong analytical and communication skills, and the ability to influence

Qualifications

• 8–9 years in AML/CFT with capital markets firms or banks, familiarity with MAS & SGX regulatory requirements.
• Proven ability to perform regulatory gap analysis and audit support.
• Strong analytical, communication and stakeholder-management capabilities.

Responsibilities

• Enable and strengthen non-financial risk and compliance controls within CIMB Singapore.
• Identify, assess and monitor operational and compliance risks across the department.
• Collaborate with 2nd LoD and process owners to embed risk controls.
• Support regulatory compliance with MAS/SGX guidelines and audit requests.
• Drive risk culture and provide advisory support to management.

Skills

Analytical thinking

Communication skills

Stakeholder management

Team player

Education

Undergraduate degree in Law/Finance/Business or equivalent

Tools

Excel

PowerPoint

Word

Job description

• Enable effective implementation of framework and policies related to non-financial risk and compliance matters to strengthen the operational resiliency and enable sustainable business growth of the Department and CIMB Singapore.
• Promote and support the Head of RCU (CIB) in strengthening operational resiliency with proactive identification, management, monitoring and control of operational and compliance risks using relevant operational and compliance risk tools to reduce likelihood and impact of occurrence in line with risk appetite. This includes identifying areas with ineffective controls or potential risk associated with new business initiatives, process changes, and new product or services for the department.
• Perform the identification, assessment and monitoring of key drivers for all types of non-financial and compliance risks that could impact the Department, including Operational Risk, Conduct Risk, Fraud Risk, Third-Party Risk, Business Continuity, Data Risk, AML/CTF, regulatory compliance and other non-financial risks that are unique and applicable to the Department.
• Support and provide risk and control advisory to HOD / Head of Unit (HOU) / Process Owners with proactive risk prevention strategy by identifying and managing risk at source / emerging risks during departmental strategy planning, product design, system implementation / changes or process changes and embedding effective risk controls in the business processes.
• Monitor and report risk indicators / measures, and ensure timely escalation of the department’s operational risk events with mitigating actions to stakeholders and risk committees
• Collaborate with HOU / Process Owners to ensure departmental policies, procedures and SOPs are effective, updated and aligned with the Bank’s risk framework and policies with documentation of appropriate key controls.
• Perform regulatory gap analysis for new or revised regulatory guidelines or P & P impacting the department, ensuring adequate risk and control are put in place for regulatory compliance. Manage and address regulatory expectations, including audit examinations and queries
• Facilitate consistent approach in the assessment and management of risks within the department in alignment with applicable banking laws, regulations, internal policies and procedures.

Key Responsibilities

• Enable effective implementation of framework and policies related to non-financial risk and compliance matters to strengthen the operational resiliency and enable sustainable business growth of the Department and CIMB Singapore.
• Promote and support the Head of RCU (CIB) in strengthening operational resiliency with proactive identification, management, monitoring and control of operational and compliance risks using relevant operational and compliance risk tools to reduce likelihood and impact of occurrence in line with risk appetite. This includes identifying areas with ineffective controls or potential risk associated with new business initiatives, process changes, and new product or services for the department.
• Perform the identification, assessment and monitoring of key drivers for all types of non-financial and compliance risks that could impact the Department, including Operational Risk, Conduct Risk, Fraud Risk, Third-Party Risk, Business Continuity, Data Risk, AML/CTF, regulatory compliance and other non-financial risks that are unique and applicable to the Department.
• Support and provide risk and control advisory to HOD / Head of Unit (HOU) / Process Owners with proactive risk prevention strategy by identifying and managing risk at source / emerging risks during departmental strategy planning, product design, system implementation / changes or process changes and embedding effective risk controls in the business processes.
• Monitor and report risk indicators / measures, and ensure timely escalation of the department’s operational risk events with mitigating actions to stakeholders and risk committees
• Collaborate with HOU / Process Owners to ensure departmental policies, procedures and SOPs are effective, updated and aligned with the Bank’s risk framework and policies with documentation of appropriate key controls.
• Perform regulatory gap analysis for new or revised regulatory guidelines or P & P impacting the department, ensuring adequate risk and control are put in place for regulatory compliance. Manage and address regulatory expectations, including audit examinations and queries
• Facilitate consistent approach in the assessment and management of risks within the department in alignment with applicable banking laws, regulations, internal policies and procedures.

Champion the Risk and Compliance Culture

• Support Head of RCU/HOD to champion Risk and Compliance culture, and provide relevant risk and compliance updates / training within the department
• Work in collaboration with 2nd LOD in developing relevant risk and compliance updates / training materials / risk culture initiatives for the department .
• Ensure continuous upskilling of own capabililities on risk and compliance knowledge to enable effective risk identification, assessment and control across the functions of the department.

Regulatory Compliance

• Support Head RCU/HOD in addressing requirements and audit request of local regulators with respect to non-financial risks and regulatory compliance, ensuring departmental non-financial risk controls and practices are in compliance with the applicable banking laws, regulations, internal policies and procedures.
• Stay abreast of industry trends, regulatory developments and best practices in non-financial risk and compliance risk to continuously enhance departmental risk management capabilities and operational resilience.

Projects

• Participate in specific projects/ initiatives providing guidance relating to operational and compliance risk within the Department, ensuring operational readiness.

Customer

• Facilitate strong partnerships across various stakeholder groups and ensure alignment of risk and compliance framework with 2nd LoD to minimize overlap or gaps arising during execution of role and responsibilities.
• Promote and instill a strong risk and compliance awareness culture within the department to embed risk consciousness in operational processes for sustainable growth.

Employee Engagement & Development

• Setting individual career development plan and embrace a culture of continuous learning and professional development for personal growth opportunities and self-development.
• Comply with HR performance processes and meet internal KPIs
• Embrace EPICC culture and strong risk mindself with the objectives of:
• Collaborating with team members and relevant stakeholders from other departments.
• Embody risk and compliance culture, escalation culture, continuous improvement on risk & compliance
• Driving Risk and Compliance Culture- raise awareness of risk & compliance culture for the Department.

Requirements

• Undergraduate degree in Law, Finance, Business or equivalent
• Professional or post graduate qualifications e.g. AML/CFT and TFS Certification, Regulatory Compliance Certification and the equivalent issued by an acknowledged institution and/or regulatory bodies.
• At least 8-9 years in AML/CFT with capital markets firms or banks, practical audit experience or equivalent, proficient understanding of MAS & SGX regulatory requirements and expectations, good working knowledge of FATCA, Common Reporting Standards and Sanctions with basic knowledge of operational risk management, quality assurance or other risk control-related function experience in the banking industry.
• Strong analytical and problem-solving skills with the ability to deliver pragmatic solutions to risk issues independently.
• Excellent communication and interpersonal skills for effective collaboration and strong stakeholder management (manage complex interactions).
• Ability to work independently and a team player.
• Self-motivated and adaptable with strong initiative, integrity and desire to learn and develop.
• Agile mindset with the ability to embrace change in dynamic environment and drive innovation in risk management practices.
• Attention to detail with strong organizational and reporting capabilities.
• Proficient in Presentation slides, Excel and Word
• Highly adaptable, curious and collaborative.