Senior Associate Risk Management

NETWORK FOR ELECTRONIC TRANSFERS (SINGAPORE) PTE LTD; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A financial services firm in Singapore is seeking a Risk Management Advisor to oversee risk governance and collaborate with various business units to develop effective risk management procedures. The ideal candidate should hold a Bachelor's degree and possess professional qualifications in IT or Risk Management. With at least 2-3 years of experience in a second line risk function, the role requires strong communication skills and the ability to engage stakeholders effectively. This position contributes significantly to the organization's overall risk management strategy.

Qualifications

• Bachelor Degree in a related discipline or equivalent industry related experience.
• Recognized professional qualification in Risk Management is an advantage.
• 2 to 3 years of experience in second line risk function.

Responsibilities

• Assist in the development and review of risk management frameworks.
• Conduct risk-related training to drive a risk-aware culture.
• Collaborate with business units on risk controls assessment.

Skills

Risk Management

Strong communication skills

Team player

Stakeholder engagement

Education

Bachelor Degree in related discipline

Professional qualification in IT or Risk Management

Job description

Position Summary

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 2 to 3 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