Senior Officer (Banking - Organizational Risk Management)

Good Job Creations (Singapore) Pte Ltd; Singapore; On-site; SGD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dedicated Risk Management professional to oversee critical organizational processes. In this role, you'll be responsible for managing risks across various functions, ensuring compliance with regulatory standards, and enhancing the Business Continuity Management framework. Your expertise will help the organization navigate potential high-risk areas while collaborating with stakeholders to implement effective solutions. If you have a strong background in risk management and are passionate about driving operational excellence, this opportunity is perfect for you.

Qualifications

• 4+ years in risk management within financial institutions.
• Proficient in outsourcing and Business Continuity Planning.

Responsibilities

• Oversee risk management processes to highlight potential risks.
• Maintain the Business Continuity Management framework.

Skills

Organizational Risk Management

Operational Risk Management

Business Continuity Planning (BCP)

Stakeholder Engagement

Data Analysis

Communication Skills

Tools

Microsoft Excel

Job description

[Job ID: 766341]

Own and oversee the Organizational Risk Management processes for the purpose of highlighting potential high-risk areas to the management team.

Responsibilities:
Outsourcing & Third-Party Risk

1. Review outsourcing documents (policies, procedures, registers) to ensure compliance with MAS Outsourcing Notice and Guidelines.
2. Support and ensure the outsourcing process/framework meets regulatory requirements, including report consolidation for MAS.
3. Assist departments with new and periodic third-party reviews.
4. Support the New Product Committee in reviewing and assessing new products or business initiatives.

Business Continuity Management (BCM)

1. Maintain the BCM framework to meet regulatory standards.
2. Coordinate and consolidate Business Impact Analyses (BIA) and Business Continuity Plans (BCP) from departments.
3. Plan and execute BCP tests, including call tree exercises.

Risk Management (Organizational & Operational)

1. Develop and enhance risk management tools and frameworks.
2. Maintain and consolidate the Organizational Risk Register for reporting.
3. Support Residual Risk Assessments, helping business units identify risks and controls.
4. Assess operational risk areas, recommend mitigation actions, and improve internal controls.
5. Organize and facilitate Risk and Operational Risk Committees, including risk mapping exercises with business units.

Internal Control & Audit

1. Oversee Branch Self Audits (BSA) and Control Self-Assessments (CSA), and report to Head Office.
2. Ensure policies and procedures are regularly reviewed and updated.
3. Maintain branch manuals and control documents.

Environmental Risk Management (EnRM)

1. Develop and maintain frameworks to manage environmental risks in line with regulatory expectations.
2. Coordinate with departments and support Head Office on EnRM matters.

Requirements:

1. Minimum of 4 years of relevant experience in organizational and operational risk management within financial institutions, with hands-on involvement in outsourcing and Business Continuity Planning (BCP).
2. Strong communication skills with the ability to engage stakeholders effectively and escalate issues promptly to management for guidance and resolution.
3. Proficient in Microsoft Excel for data analysis and reporting.
4. Basic understanding of financial markets and risk processes, including risk reporting and post-approval monitoring.
5. Solid grasp of risk management practices and experience in implementing process controls and frameworks.