Job Description

Operation Risk Officer (UP TO 7K | CENTRAL| BANK) Reference number: JN -032023-102129 Hi All! We have an opportunity from one of our clients (Bank). We are looking for Operation Risk Officer with a minimum of 3 years of banking operation risk experience to join the team! Interested? Please apply or private message me for more information. Likewise, share with someone you know, who wants to hear about it! Please drop me a message at leo.tang@adecco.com for a private & confidential chat. #adeccopermaccountingandfinance #AccountingandFinanceRecruiter#financejobs

Operation Risk Officer (UP TO 7K | CENTRAL| BANK)

Reference number: JN -032023-102129

Hi All! We have an opportunity from one of our clients (Bank). We are looking for Operation Risk Officer with a minimum of 3 years of banking operation risk experience to join the team!

Interested? Please apply or private message me for more information. Likewise, share with someone
you know, who wants to hear about it!

Please drop me a message at leo.tang@adecco.com for a private & confidential chat.

#adeccopermaccountingandfinance #AccountingandFinanceRecruiter#financejobs

Position Title: Operation Risk Officer (UP TO 7K | CENTRAL| BANK)

• Bank
• Attractive staff benefits!
• Central/ Near MRT

The Opportunity

An opportunity to join an established foreign bank. The selected candidate will be responsible for identifying operational risks within the bank.

• Provide guidance and assistance to departments in identifying, evaluating, and implementing controls for operational risks associated with business processes.
• Conduct a comprehensive review, revision, and upkeep of the policies and procedures related to Operational Risk Management, Fraud Management, and New Product Management documentation.
• Collaborate with various departments to report operational risk incidents and determine their underlying cause(s), as well as develop suitable plans for mitigating them.
• Assist with the implementation and enforcement of incident reporting, Key Risk Indicators (KRI), and other initiatives related to Operational Risks (including fraud risks), as rolled out by Head Office, by supporting their review and execution.
• Provide facilitation, leadership, and supervision of outsourcing risks assumed by the bank, ensuring that outsourcing risk exposure is under acceptable control, conducting due diligence and risk assessments of outsourcing service providers in line with the MAS Outsourcing Notice, and aligning with the Bank\'s Outsourcing Risk Policy and Procedures.
• Examine and address operational risks that may emerge from new products, provide assistance throughout the new product approval process, and serve as the secretariat for the New Product Committee to manage operational risk.
• Provide assistance to the organization in achieving its business continuity objectives by supporting business planning activities, facilitating regular BCP plans and testing, providing regular updates of Business Impact Analyses (BIA) and Business Continuity Plans (BCP) documentations, and ensuring that all departments document their business function recovery strategies within the plans.
• Conduct independent reviews of internal bank-wide transaction activities and Private banking\'s telephone call records pertaining to investment-related trades to identify any unusual or suspicious activities.
• Supervise the management of bank-wide Policies and Procedures (P&P), including the initiation of regular P&P management tasks, facilitating, maintaining, and managing all essential activities related to updating and publishing policies and procedures in the P&P system.
• Take the lead in initiating and facilitating the Business User Access Review and checks, maintaining the Business System Listing, and fulfilling the responsibilities of a System Administrator for systems maintained by ICCD.
• Develop appropriate reports and presentation materials on operational risks for presentation to the Risk Management Committee (RMC), Senior Management, Head Office, and regulators.

Experience Requirements :

• 3 year of relevant experience
• Thorough knowledge of MAS Guidelines on Risk Management practices, BCM guidelines, and Outsourcing Notices.

Education Requirements :

• Bachelor\'s degree or above

We regret that only shortlisted candidates will be notified.

Leo Tang
EA License No: 91C2918
Personnel Registration Number: R21101082

Adecco