*Urgent- Perm* Operational Risk Specialist (Banking) - ($5000-$5500) #NJE

RECRUIT EXPRESS PTE LTD; Singapore; On-site; SGD 70,000 - 110,000; Full time

Job summary

A leading company in Singapore is seeking an operational risk management professional. The role involves advising departments on operational risks, managing policies, and overseeing comprehensive risk assessments, ensuring compliance with regulatory standards. Candidates should have relevant experience, particularly in identifying and mitigating operational risks.

Qualifications

• Experience in operational risk management.
• Familiarity with regulatory requirements (e.g., MAS).

Responsibilities

• Advise departments on operational risks identification and controls.
• Review and maintain operational risk policies and procedures.
• Analyze and mitigate operational risks arising from new products.

Job description

• Advise and support departments in Operational Risks identification, assessment and controls of business processes
• Review, update and maintain documentation for Operational Risk Management , Fraud Management and New Product Management policies and procedures
• Work with departments in reporting of Operational risk events , establish root cause(s) and appropriate mitigation action plan(s)
• Support initiatives and reviews on Operational Risks (including fraud risks) for implementation and enforcement of Incidence reporting, Key Risk Indicator (KRI), and other initiatives rolled out by Head Office
• Facilitate, lead and provide oversight on Outsourcing Risks engaged by the bank to ensure the outsourcing risk exposure are within acceptable control, perform due diligence and risk assessment of Outsourcing Service Providers in accordance to MAS Outsourcing Notice
• Analyze and mitigate Operational Risk arising from New Product, provide support in New Product Approval process and acting as theSecretariat of the New Product Committee
• Oversee bank-wide Policies and Procedures (P&P) Management, including initiating of periodic P&P management task, facilitating, maintaining and managing all required activities related to updating and publishing policies and procedures in P&P system
• Prepare relevant Operational risk reports and presentation materials to Risk Management Committee (RMC), Senior Management, Head office and regulator
• Any other work assigned from time to time by supervisor or the Management

Joy Yeow Zhi Qian

(CEI Registration No:R2096261)

Recruit Express Pte Ltd (EA Licence No: 99C4599)