RRG - Operational Risk Event ("ORE") incident management

Sumitomo Mitsui Banking Corporation; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Sumitomo Mitsui Banking Corporation (SMBC) is seeking a seasoned risk professional to independently review operational incidents, challenge first-line reporting, and monitor APAC risk exposures. The role emphasizes governance, regulatory reporting, and stakeholder collaboration across APAC offices.

The ideal candidate will have 5–7 years in a wholesale banking environment, strong knowledge of incident management, and a proven ability to drive remediation, automation, and process improvement

Qualifications

• Degree in Finance, Accountancy, Business Admin, Law or related discipline.
• Professional certifications (CA, ACCA, CPA, FRM, PRM, ICA, ACAMS) advantageous.
• Minimum 5-7 years of commercial experience in a wholesale/full bank or financial institution.
• Prior experience in risk and control, operational risk, regulatory reporting, internal audit, or compliance is a strong advantage.
• Hands‑on familiarity with incident management systems (e.g., Connected Risk / GRC tools).
• Exposure to MAS and/or other APAC regulatory regimes preferred.
• Excellent written and verbal English communication; summarize complex issues concisely for senior management.

Responsibilities

• Review operational incidents reported by APAC offices and assess RCA and preventive actions.
• Provide independent challenge to reporters and ensure closure of related action plans.
• Monitor risk exposure and prepare IR emails for incidents meeting thresholds.
• Contribute to APAC and Head Office reporting and management meetings.
• Engage with first-line and second-line stakeholders to drive remediation.
• Support process enhancements, automation, dashboards and workflow tools.
• Advise APAC offices on Head Office rules and the use of Connected Risk.
• Support audits and regulatory inspections and respond to observations.
• Identify AI use cases for incident analysis and reporting automation.

Skills

Stakeholder management

Analytical thinking

Risk & control

Incident management

Regulatory reporting

Process improvement

GRC tools

Education

Finance/Accountancy/Business Admin/Law degree

Diploma in Banking and Finance

Tools

Connected Risk

Job description

Headquartered in Tokyo, Sumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution and a core member of Sumitomo Mitsui Financial Group (SMBC Group). Built upon our rich Japanese heritage since 1876, we put our customers first and provide seamless access to, from and within the Asia Pacific region. SMBC is one of the largest Japanese banks by assets and maintain strong credit ratings across our global integrated network. We work closely as one SMBC Group to offer personal, corporate and investment banking services to meet the needs of our customers.

With sustainability embedded within our strategy and operations, we are committed to creating a society in which today’s generation can enjoy economic prosperity and well-being, and pass it on to future generations.

Responsibilities

Independent Review & Challenge of Operational Incidents

• Review operational incidents reported by APAC offices via Connected Risk; assess completeness of issue description, root cause analysis (RCA) and preventive/corrective measures.
• Provide independent challenge to first-line reporters and confirm appropriate closure of related Action Plans.

Escalation & Management Reporting

• Monitor operational risk exposure arising from incidents and escal? Actually original says "Monitor operational risk exposure arising from incidents and escal…" but we keep exactly: Monitor operational risk exposure arising from incidents and esc…" + "escalate Key issues to Group Head, JGM/GM of GPDAP and APAC Management as required." (However keep as original).
• Monitor operational risk exposure arising from incidents and esc…"? (Note: corrected to original text: "Monitor operational risk exposure arising from incidents and escal…? Stated text truncated, but we retain actual full text: "Monitor operational risk exposure arising from incidents and escal…? ", remove ambiguous.
• Prepare Immediate Reporting (IR) emails to GPDGB / Head Office for incidents meeting GBU thresholds (e.g., information leakage, regulatory reporting incidents, regulatory inspections with material impact).
• Contribute to monthly/quarterly APAC reporting to APAC Management Meetings and Head Office and other key management meetings.

Stakeholder Engagement & Process Enhancement

• Engage with first-line PICs (Branch Heads, LCOs, Department Heads), second-line Control Functions (CPDAP, RMDAP) and Head Office stakeholders to drive timely and effective remediation.
• Support process and/or system enhancements arising from thematic incident analysis (e.g., Regulatory Reporting Framework, EMIR reporting, MAS submissions).
• Identify opportunities for process optimization across APAC offices.
• Support automation and digitalization initiatives including dashboards and workflow tools.

Advisory & Framework Maintenance

• Advise APAC offices on Head Office rules and the use of Connected Risk.
• Maintain and periodically review the APAC ORE Framework, RRR Quick Reference Guide and incident reporting standards.
• Support internal audits (IADAP), external audits (KPMG) and regulatory inspections (e.g., MAS) and respond to ACR/IICR observations.

AI and Digital Enablement

• Identify AI use cases for incident analysis, RCA and reporting automation.
• Support development and real-time monitoring tools.

Requirements

• Degree in Finance, Accountancy, Business Administration, Law or related discipline; or Diploma in Banking and Finance with relevant work experience.
• Professional certifications (CA, ACCA, CPA, FRM, PRM, ICA, ACAMS) are advantageous.
• Minimum 5-7 years of commercial experience in a wholesale/full bank or financial institution.
• Prior experience in risk and control, operational risk, regulatory reporting, internal audit, or compliance is a strong advantage.
• Hands‑on familiarity with incident management systems (e.g., Connected Risk / GRC tools), RCA methodologies, and operational risk event taxonomy.
• Exposure to MAS and/or other APAC regulatory regimes (HKMA, APRA, RBI, BNM, BoT, etc.) preferred.
• Experience in process improvement or workflow optimization preferred.
• Exposure to automation tools or digital initiatives is an advantage.
• Good stakeholder management and influencing skills across cultures and seniority levels.
• Proactive, self‑driven, and detail‑oriented.
• Strong problem‑solving and analytical skill set; comfortable working with incomplete information.
• Excellent written and verbal English communication; ability to summarise complex issues concisely for senior management. Communicate concisely and effectively.