VP/AVP, RMG Operational Risk Controller, Risk Management Group

DBS; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

A leading financial institution in Singapore is seeking an Operational Risk Manager responsible for ensuring effective risk management across business units. The role demands a minimum of 8 years of experience in banks or financial institutions along with strong analytical and communication skills. As an Operational Risk Manager, you will review operational risks, improve risk culture, and drive initiatives for better operational resilience. This role is crucial in balancing risk and return in decision-making processes.

Qualifications

• 8+ years of experience in banks or financial institutions with knowledge of operational risk.
• Experience in risk and control roles across various lines of defense.

Responsibilities

• Provide objective review and challenge to ensure effective operational risk management.
• Conduct independent assessments of operational risk metrics.
• Develop initiatives to enhance risk culture and awareness in business units.

Skills

Risk management

Analytical thinking

Communication skills

Stakeholder influencing

Problem-solving

Education

University degree in finance, accountancy, business or technology

Job description

Job Description

Risk Management Group – Operational Risk (RMG-OR) develops and maintains the Bank's risk management and internal control frameworks. As a second line function, we provide independent review and challenge to the business and support units to ensure a proper balance between risk and return in decision-making. RMG also monitors and reports on key risk issues of the Bank, and apprises management and risk committee(s) of the overall operational risk profile. Our commitment to effective risk management is supported by significant investments in our personnel and infrastructure, contributing to the Bank's strong performance.

Responsibilities

As an Operational Risk Manager, you will be accountable for providing objective review and challenge to the business units and support units to ensure operational risk is adequately and effectively managed, and ensure operational resilience within the units.

You will be assigned to work with specific lines of business and operations units to:

• Provide advice, objective review and challenge so that key operational risks are adequately and effectively identified, assessed and managed in the business-as-usual activities and in new initiatives, products and processes
• Conduct independent assessment and monitoring of operational risk by reviewing operational risk metrics (risk events, risk & control self-assessment results, key risk indicators, etc), and assessing if there are systemic/thematic risk concerns that warrant deeper analysis and escalation to senior management
• Conduct thematic risk reviews to identify major areas of risks and control improvements
• Develop and maintain operational risk polices and mitigation programmes
• Develop and implement initiatives (such as training programme and communication/ awareness activities) to enhance risk culture and awareness in the units
• Drive/lead changes in various risk tools to improve operational risk management

Requirements

• University degree or equivalent, with major study in finance, accountancy, business and/or technology
• At least 8 years of working experience in banks or financial institutions, with good understanding of operational risk, banking products and processes
• Aptitude and experience in risk and control related roles in first, second or third lines of defence and familiar with operational risk management concepts and tools
• Strong communication and facilitation skills; able to work with and influence stakeholders at all levels
• Strong analytical and problem-solving capabilities with affinity to using data to solve problems
• An analytical thinker with good risk sense and affinity to using data to solve problems
• Team player who can persuade/influence others to achieve the operational risk management objectives
• Positive attitude to change, constantly looking for better ways to get things done and to challenge status quo
• Self-driven and able to balance creative and pragmatic approaches