Overview
Risk & Prevention
Description
The Risk and Prevention – Operations Risk Team drives the Operational Risk Culture and facilitates the implementation and on-going monitoring of adherence to the OCBC Group Policies & Procedures and regulatory requirements, enabling effective and efficient risk identification, assessment, mitigation, measurement, monitoring and reporting of key operational risks for the Group Operations and Technology Division (GO&T) across the region.
The candidate will be providing risk management oversight and support for Operations.
Job Duties & Responsibilities
- (i) Support Global Head, O&T and Ops HODs in risk oversight through a regular governance committee, risk dashboard providing pertinent risk reporting and highlighting key risk issues / trends
(ii) Responsible for establishment and implementation of an operations risk & control framework to achieve effective risk management balancing risks, business objectives & operational efficiencies
(iii) Manage the implementation of operational risk and compliance initiatives and policies
(iv) Manage the regular risk assessment, attestation and reporting for Operations
(v) Provide functional risk support for the HODs and their Operations (Ops) teams through:
– Serve as risk manager /advisor on operational risk and represent Ops teams for risk & control matters
– Coordinate and facilitate the self-assessment (e.g. RRSA (Regulatory Requirement Self-Assessment), RCSA (Risk & Control Self-Assessment)) activities including conduct of independent control testing to facilitate control monitoring and attestations as well as in the review / reporting of regulatory compliance breach and operational risk incident
– Perform audit management activities including coordinating/ conducting pre-audit checks and coordinating with the audit team during and post audit work of Operations team under review
– Conduct special reviews / risk assessments/ deep dive reviews of targeted risk areas
– Work with the Ops units to resolve risk issues
(vi) Proactively identify risks through monitoring of Operations performance in risk and compliance management (through tracking of resolution of issues arising from regulatory compliance breaches, operational risk incidents and special reviews/ audits/ inspections as well as independent control testing)
(vii) Provide support and training to foster strong risk culture and risk awareness within the Ops units
Qualifications
– University Degree in Accountancy, Business Administration or equivalent
– Minimal 2 or more years of experience in risk, controls and/or audit space.
Primary Location
: Singapore
Job
: Information Technology
Organization
: Risk & Prevention
Schedule
: Permanent
Job Posting
: 16-Jan-2025, 10:25:09 AM
About OCBC Bank
OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services.
OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang.
OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.
OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
