Job Purpose Summary:
The incumbent will be responsible for supporting implementation of risk management framework in the Singapore Branch, including but not limited to operational risk processes, internal and external fraud, employment practices and workplace safety, clients, products & business practice, damage to physical assets, business disruption & system failures and execution, delivery & process management. The incumbent will ensure independent and objective analysis and monitoring of operational risk, and to follow and adhere to the operational risk policies & procedures to minimize losses.
The incumbent will also be responsible for information security to ensure that information created, acquired or maintained by the Branch, and its authorized users, is used in accordance with its intended purpose; to protect the Branch information from external or internal threats; and to assure that it complies with statutory and regulatory requirements regarding information access, security and privacy.
Essential Duties & Responsibilities:
- Support the Risk Manager and assist in the implementation of Operational Risk Management Framework (ORMF) that covers the Country's level of operational risk appetite and tolerance.
- Observes and promotes cost consciousness and efficiency, and enhance productivity, to minimize costs, avoid wastes, and optimize benefits for the Branch.
- Work closely with Compliance to provide Management with updates on regulatory changes pertaining to operational risk.
- Work within Service Level Agreements (SLAs) with internal departments to achieve improvements in turnaround time, with respect to operational risk review processes and review individual departments policies and procedures.
- Serve as Incident Management Lead on critical incidents and oversee incident response planning and security breach investigations.
- Provide timely and accurate information to the external and internal auditors, compliance, financial control and risk functions as and when required.
- Initiate, facilitate and promote activities to foster information security awareness within the Branch.
- Assist with implementation of Operational Risk processes to cover all operational areas, including new products / process and system implementations.
- Assist with periodic reporting of the Country's operational risk exposure to the relevant Board / Management level committees.
Education / Experience requirements:
- Bachelor's degree preferably in Business, Finance, Economics or related subjects.
- Minimum 8 years experience in the operational risk function in the banking industry.
- Excellent oral and written communication skills in English.
- Understanding of operational risk across the full product range found in the Banks / FIs.
- Well-developed analytical and interpersonal skills.
