Job Description

Risk Specialist -Third-Party Risk Management, Business Continuity Management and Physical Security (Associate/ Senior Associate - (220001ML)
Description

GENERAL DESCRIPTION Responsible for the overall second line of defence related to operational risk, ensuring that operational risk within the organisation is appropriately identified, assessed and managed within the defined risk appetite.
MAIN DUTIES

• Strengthen operational risk management governance and framework by providing support in the below areas:
• Develop, implement, and maintain the Third-Party Risk Management Program which includes, but not limited to the TPRM framework, governance, materiality assessment, post implementation and annual due diligence reviews throughout the engagement of the third-party service providers.
• Review and monitor third-party risk regulations and guidelines, perform gap analysis where required and establish corresponding action plans to address any identified gaps to ensure adherence and compliance.
• Drive the Third-Party Risk Committee to ensure effective governance and oversight of the Third-Party Risk Management Program.
• Ensure the register of third-party service providers is updated, and annual reviews / follow-up actions are tracked for timely completion.
• Develop cross-functional relationships with internal stakeholders by providing advice and guidance in managing third-party engagements, policy and procedure changes, key risk indicators, breaches, and audit issues.
• Coordinate and conduct briefings, awareness trainings and exercises to raise staff awareness and capabilities.
• Support the development, implementation, and maintenance of the Business Continuity Management and Physical Security Programs as and when required.

Qualifications

WORK EXPERIENCE REQUIREMENTS Profile of Candidate

• Relevant working experience in Operational Risk Management, Third-Party Risk Management and / or Business Continuity Management in the banking environment.
• Good knowledge of banking products, technology and operations preferred.

EDUCATION REQUIREMENT Academic and professional qualifications

• Degree in finance / banking or related discipline preferred.
• 3 to 5 years of work experience in Banking, preferably experience in Operational Risk Management, Third-Party Risk Management and / or Business Continuity Management.
• Good understanding of banking industry outsourcing and/or third-party risk management standards and local regulatory requirements, with working understanding of business continuity and physical security.
• Proficient in Microsoft Office Applications (i.e., Excel (power user), PowerPoint, Word).Knowledge of VBA, or data visualisation tools are a plus.

Language skills

• Fluency in English is essential.
• Ability to communicate complex processes and issues in a clear and impactful manner.
• Strong presentation and interpersonal skills to facilitate interactions.

Personal attributes

• Able to exercise sound judgment and establish both strategic and tactical plans in the management of operational risk.
• Possess strong analytical, problem solving and report writing skills.
• Strong attention to detail with emphasis on sense-check, completeness, and timeliness.
• Independent and able to multi-task in a competitive environment.
• High level of integrity.

Primary Location: Singapore
Job: Operational Risk
Organization: BOS - Operational Risk Management
Schedule: Permanent
: Full-time
Job Posting: 26-Jul-2022, 5:29:12 AM