Overview
Group CFS Risk & Prevention
Description
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Key Responsibilities |
Reporting to the Head of Risk Governance and Conduct, you will be part of the team that is responsible for ensuring regulatory compliance of the consumer banking business, covering key areas such as risk governance, market conduct requirements and/or cross-border compliance matters. Roles & Responsibilities – Actively engage the business to pre-empt potential market conduct risk, establish compliance policies and assist in identifying and implementing measures to mitigate gaps. – Advise business partners on compliance matters, participate in projects so that internal processes and controls are robust. – Collaborate with business partners to operationalize regulatory requirements in the most effective and efficient manner. – Conduct training to new and existing staff on regulatory and operational requirements relating to the sale of investment products. – Maintain effective relationships with stakeholders in all lines of defence and deliver training on conduct risk topics to uplift conduct and culture standards. – Prepare management reports to update senior management. |
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Key Stakeholders Management |
Internal § Branch Service Risk Management § Premier Banking Offshore § Premier Private Client § Personal Banking Business Management Unit § Premier Onshore Business Management Unit § Organisational Development § Group Wealth Management § Group Regulatory Compliance |
Qualifications
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Experience & Skill Set |
Educational and Work Experiences: · Degree holders aspiring to develop a career in risk management. · Audit, compliance or risk management experience is an added advantage. Technical skills: · Minimum 3 years of experience in retail banks. · Good understanding of retail banking products and services. · Good knowledge of regulations governing the sale of investment products to customers (e.g. Financial Advisers Act, Securities and Futures Act, MAS Fair Dealing Guidelines and the regulatory changes arising from the Financial Advisory Industry Review). · Strong knowledge in using Microsoft Office – e.g., PowerPoint, Excel and Power BI. Personal Traits:
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Primary Location
: Singapore
Job
: Risk Management
Organization
: Group CFS Risk & Prevention
Schedule
: Permanent
Job Posting
: 10-Mar-2025, 12:35:54 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.
