Risk Management - Assistant Manager

WOORI BANK; Singapore; On-site; SGD 80,000 - 110,000; Full time

Job summary

A leading financial institution in Singapore is seeking a dedicated Risk Manager to oversee the daily audit and compliance protocols. This individual will develop and manage the Branch's Risk Appetite Statement, conduct necessary risk assessments, and prepare essential reports for the Risk Committee. Candidates should have at least 5 years of experience in a banking environment, a relevant bachelor’s degree, and a foundational understanding of banking risk concepts. Join us in ensuring robust risk governance and compliance.

Qualifications

• Minimum 5 years of relevant experience in a bank or financial institution.
• Basic understanding of banking risk concepts.
• Experience in preparing reports and documentation.

Responsibilities

• Perform daily audit/control checks and resolve exceptions.
• Develop and maintain the Branch’s Risk Appetite Statement.
• Support preparation of Risk Committee materials.
• Conduct risk assessments for new initiatives.
• Support stress testing and scenario analysis.

Skills

Risk management

Audit processes

Report preparation

Regulatory compliance

Financial analysis

Education

Bachelor’s degree in Finance, Accounting, Economics, or related

Job description

Key Responsibilities

• Perform daily audit/control checks within the Bank’s systems, investigate exceptions, and follow up on findings to ensure timely resolution and proper documentation.
• Develop and maintain the Branch’s Risk Appetite Statement, risk management plans, and prepare regular risk management reports and dashboards for senior management and relevant committees.
• Support the preparation of Risk Committee materials (e.g. agendas, papers, and minutes), ensuring timely submission and proper record‑keeping.
• Conduct risk assessments for new initiatives, products, processes, and changes (e.g. outsourcing arrangements, system changes, and vendor onboarding).
• Support stress testing (e.g. credit, liquidity, and other risk types) and scenario analysis.
• Maintain and periodically review risk‑related policies, frameworks, procedures to ensure they remain relevant, effective, and aligned with the Bank’s risk governance requirements.
• Support and coordinate audit and regulatory engagements, including responding to queries from auditors, regulators, and internal stakeholders on risk‑related matters.
• Support compliance with applicable regulatory requirements related to risk management (e.g. TRM, outsourcing, and BCM), as well as internal policies and governance standards.
• Work closely with business units and relevant functions (e.g. Compliance, Regulatory Reporting, IT, and Operations) to embed risk considerations into day‑to‑day decision‑making.
• Undertake any other duties and responsibilities as assigned by the Head of Department (HOD).

Requirements

• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, Risk Management, or a related discipline.
• Minimum 5 years of relevant experience in a bank or financial institution (e.g. Risk Management, Compliance, Internal Control, Audit, Operations Risk, or related functions).
• Basic understanding of banking risk concepts (e.g. operational, credit, liquidity, market, and non‑financial risks) and risk governance.
• Experience in preparing reports/dashboards and handling documentation for management/committee reporting.