Responsibilities

JOB DESCRIPTION

Strategy and Planning

Perform Risk Control Self-Assessment (RCSA) for the Consumer Banking division and ensure suitable controls are implemented to mitigate the identified risks

Business Performance and Management

Perform monthly independent control effectiveness testing to validate that controls have been implemented effectively across both business and operations units
Monitor operational Key Risk Indicator trends and engage business/ops Unit whenever there are breaches or red flags to assess and formulate actions plans to address these risks
Assist in all Consumer Banking Singapore audits, both internal and external audit matters. Liaison with auditors, reviewing evidence and responses to any potential observations to be issued prior to submission
Review the incidences that occurred as Control Issue Management (CIM) or Loss Event Description (LED) into GRC system and ensure resolution is completed within deadline. To facilitate the creation of Control Issue Acceptance (CIA) with issue owner and the relevant stakeholders and Subject Matter Experts (SME).
Provide independent assurance and evaluate risk management effectiveness (egs RCSA, KRI, assessments)
Assist with preparing, reviewing and validating regulatory reports before submission.
Provide support to relevant CBGS project initiatives
Assist in the implementation of Bank's risk management/compliance policies and framework for the Consumer Banking division
Provide guidance to CBSG business units on operational risk matters
Partner Product Managers to provide timely responses to MAS RFIs and consultation papers pertaining to CBGS-related matters (excluding FAA/FSA), and conduct gap analyses whenever new MAS circulars, notices, or guidelines are issued.
Identify relevant external courses (including those from ABS) that applicable to CBGSstaff.
Represent the Bank in ABS FAIR Committee engagements and participate in discussions with industry partners

People Management

Work closely with internal functional teams including other departments and stakeholders on audit matters and facilitate acceptance and implementation of any new or revised process/controls/policies

Regulatory Compliance

Support the implementation of Bank's risk management/compliance policies and framework for the Consumer Banking division
Provide regulatory advisory support to business units within CBSG on regulatory matters
Provide inputs for SOPs, GPOC and FSD to ensure compliance with internal and regulatory requirements and efficiency
Assist in all CBGS regulatory reporting and AML Enterprise-wide Risk Assessment (e.g. FATCA, CRS, AML, MAS Ad-Hoc Questionnaires, CRAFT etc.)

Requirements

Qualifications

Degree/ Diploma

Relevant Work Experience

Experience in banking/financial industry

Technical/Functional Skills

Regulatory Knowledge (Monetary Authority of Singapore and preferably Bank Negara Malaysia as well)
Operational Risk Management
Stakeholder Management

Personal Skills (Soft Competencies)

Result Driven
Collaboration and Networking
Versatility and Agility
Problem-solving skills
Strong attention to details

Consumer Risk and Control Specialist SG