Overview
Technology Solutions
Description
- To support Group Risk Division in providing cost effective/practical solutions that meet their efficiency and infrastructure, regulatory compliance, data and portfolio management objectives.
- Work closely with Group risk users to understand their requirements and solution initiatives related to Credit risk modelling (Credit Risk Scorecards, Internal Rating models, Expected Credit Loss models, Credit Stress Testing models, Economic Capital models and Machine Learning models), Credit decisioning, Internal Capital Adequacy Assessment Process (ICAAP) and regulatory stress tests, Credit Risk exposure calculation and limits monitoring, credit portfolio management, Management of data integrity and data lineage and Debt Collection process.
- Gather requirements for group risk division, understand the scope, and design a blueprint of how the technology and systems should work together to ensure the final solution meets the needs of the business.
- Collaborate with various departments across the bank such as system development, architecture, infra, security etc. to come up with end to end solution design, scope of work and cost estimates.
- Present the value proposition, cost benefit analysis and provide recommendations to both business and technology management teams on the solution options.
- Stay informed about the emerging trends in the risk management space, new and evolving technologies, sustainability initiatives to contribute to the success and relevance of the solutions in the rapidly changing business landscape.
- Perform project activities from requirement analysis, functional specifications, user stories, testing and go-live in in both SDLC & Agile/SCRUM delivery approaches.
Qualifications
- Good understanding of Treasury Products (any of the asset classes from Interest Rate, Forex, Credit, Equity and Commodities) and trade lifecycle.
- Good understanding of risk management concepts with a focus on credit risk management, risk analytics, credit portfolio management and data management.
- Basic understanding of regulatory capital assessment regulations.
- Ability to engage stakeholders to elicit business requirements, document the requirements and prepare functional specification documents.
- Strong communication and stakeholder management,
- Strong team player with the ability to take ownership and deliver independently.
- Good understanding on tools such as JIRA, confluence etc.
Primary Location
: Singapore
Job
: Information Technology
Organization
: Technology Solutions
Schedule
: Permanent
Job Posting
: 29-Nov-2024, 2:09:43 PM
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.