Operational Risk Manager

COMPANY OVERVIEW

Our client is a leading technology company in the financial services sector, they specialize in bringing innovative financial solutions to millions of users worldwide. Our client’s expertise lies in leveraging cutting-edge technology to provide a range of services including payment processing, wealth management, and credit services. Joining this team offers the opportunity to be at the forefront of transforming the global financial landscape, working in an environment that values creativity, inclusivity, and technological advancement. Due to a global expansion need, we are currently looking for a Operational Risk Manager to be based in Singapore.

JOB RESPONSIBILITIES

• Support the CRO / Head of Operational Risk to develop, implement and maintain the framework (policies and procedures, templates) for Operational Risk Management (“ORM”) and its underlying sub-risk types and monitor the adequacy of the framework. Examples of ORM sub-risk types include business resiliency, technology, third-party and outsourcing, environmental, and new product.
• Act as subject matter expert and advice on the implementation of the ORM framework including risk assessments, due diligence assessments and policy dispensations.
• Initiate and oversee risk and control activities such as business process mapping, risk and control self-assessment (“RCSA”) and Business Continuity Management (“BCM”) testing.
• Conduct risk assessments of technologies or processes where required, e.g. Business Impact Analysis (“BIA”), third-party and outsourcing due diligence, new product assessment, etc…
• Facilitate the risk acceptance process that evaluates risk and compensating controls, identifies risk owners set conditions on risk acceptance and obtains approval.
• Monitor new regulatory requirements and conduct gap analysis against new regulations/ guidelines and the ORM framework to ensure compliance.
• Assign and communicate the responsibilities and authorities of relevant roles.
• Develop and provide training for employees to promote risk awareness and ensure relevant employees are trained on OR policies and sub-risk types.
• Define and propose risk management metrics (e.g. key risk indicator/ key control indicator) to monitor the risk and control environment; and periodically report to the risk committees to support senior management in risk oversight and governance.
• Monitor that employees/ personnel and service providers implement controls that achieve the ORM’s objectives and is sustainable, including the appropriateness and effectiveness of processes for identifying, managing, and controlling ORM risks.
• Monitor and provide oversight on issues and remediations.
• Identify and report high risk, emerging risk trends and key issues to risk committees.
• Design, implement and maintain risk management tools.
• Support internal and external audit/ assessment engagements.
   

JOB REQUIREMENTS

• Bachelor's degree in related domains.
• 10+ years of experience in Ops Risk Management or audit and compliance in operational areas preferably within the financial industry.
• Familiar with operational risk regulatory and legislative requirements (e.g., Guidelines on Risk Management Practices, Business Continuity Management Guidelines, Guidelines on third party and Outsourcing, Banking Secrecy Act, Personal Data Protection Act) and industry standards (e.g., ITIL, SANS, NIST, ISO 27001/2)
• Advantageous to have professional certifications such as Risk Management Certifications, CISSP/ CISA/ CISM/ CRISC/ CDPSE

BENEFITS
Working Location: Singapore
Apply online or feel free to contact me directly (via email: sarah.chin@jac-recruitment.com) for more information about this opportunity. Due to the high volume of applicants, we regret to inform that only shortlisted candidates will be notified. Thank you for your understanding.
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Sarah Chin (R 1655546)
JAC Recruitment Pte Ltd (EA License No: 90C3026)