Risk Management Specialist

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

Job summary

NETS is seeking a seasoned risk professional to advise the business on risk identification and robust control design. You will support governance and oversight of risk management, and drive risk-aware culture across the organization.

You will review RCSA, perform independent control testing, monitor remediation actions and prepare dashboards for management and board reporting. Strong communication and collaboration are essential to succeed in this role.

Qualifications

• Bachelor degree or equivalent experience in a related field.
• Professional qualification in IT or risk management (e.g., CIA, CRMA, CERM, CPRM, CISA, CRISC) is a plus.
• 5–7 years of experience in second line risk, preferably in a regulated financial institution.
• Excellent communication and stakeholder management skills.
• Strong understanding of risk management concepts including technology risk and the three lines of defence.

Responsibilities

• Advise and collaborate with business on risk identification and developing controls.
• Support governance of risk management within the organization.
• Review and challenge line one’s risk controls self-assessment (RCSA) and provide guidance.
• Perform independent reviews and sample testing on key controls.
• Monitor remediation actions and report to management and board risk committees.
• Define and monitor risk thresholds, KRIs, and prepare risk dashboards for reporting.

Skills

Risk management concepts

Technology risk management

Three Lines of Defence

Communication skills

Stakeholder relationships

Team player

Learning mindset

Education

Bachelor's degree in related discipline

Professional qualification in IT or Risk Management (advantage)

Tools

ITIL

Job description

This role is responsible for advising and collaborating closely with the business on the identification of potential risks and building strong robust controls and procedures to mitigate risks. The candidate will play an integral role in the oversight and governance of risk management within the organization.

Key Responsibilities

• Assist in the development, review and provide advice to the first line business units on risk management frameworks, policies and processes aligned with industry standards and regulations
• Assist with the conduct of risk related training to drive a robust risk-aware culture across the company
• Collaborate with business units to review and challenge the effectiveness of line one’s Risk Controls Self-Assessment (RCSA) and provide guidance where necessary
• Perform independent review and sample testing on key controls
• Monitor and report status of remediation action plans developed via Operational Risk Events, RCSA or any other risk related reviews by the second line to Management and Board Risk Committees
• Define, update and monitor Risk Thresholds, Key Risk Indicators and prepare risk dashboard for Management and Board reporting purposes
• Undertake and execute risk assessments and verification initiatives
• Engage stakeholders on risk matters to suggest control improvements
• Support the Crisis Management Team, Business Continuity Management Team and IT Risk team in various initiatives or other ad-hoc tasks as required
• Support risk committees and other governance structures responsible for overseeing and monitoring risk related activities across the organization

Requirements

• Bachelor Degree in related discipline or equivalent industry related experience
• Possesses a recognized professional qualification in the field of IT or Risk Management (e.g., CIA, CRMA, CERM, CPRM, CISA, CRISC and ITIL) is an advantage
• At least 5 to 7 years of experience in second line risk function; experience in a regulated financial industry is an advantage
• Strong knowledge of Risk Management concepts, including Technology Risk Management
• Strong understanding of the Three Lines of Defence
• Strong verbal and written communication skills
• Able to establish effective relationships with peers and stakeholders
• An excellent team player who is highly motivated and has a strong desire to learn and succeed