Primary Objective
Own and oversee the Organizational Risk Management processes for the purpose of highlighting potential high-risk areas to the Management team.
Key Responsibilities
Organizational Risk Management, Operational Risk Management
Develop, review and maintain risk management tools to perform the required assessment
Enhance the effectiveness of the existing Organizational Risk Management framework
Control, facilitate and consolidate Organizational Risk Register to report to senior management
Provide key support to facilitate the completion of the Residual Risk Assessment, working closely with the business units to identify key risks and controls, evaluate inherent and residual risks, and establish mitigation plans as needed
Identify and assess key operational risk areas and control gaps. Work with the business units to mitigate the risk and improve controls where necessary
Organize and facilitate Risk Committee and Operational Risk Committee in risk cartography process (bank’s risk assessment exercise) to identify the key organizational and operational risk and coordinate validation meetings with business units to review the key risks which will affect their areas and will assess and ensure there are action plans in place
Outsourcing, New Product/Business check
Reviewing outsourcing and third-party management related documents such as policy, procedure, manual, and outsourcing register to comply with the new MAS outsourcing Notice, Guidelines and related documents.
Ensuring, facilitating and supporting outsourcing process and framework are compliant with MAS Outsourcing Guidelines including consolidation of outsourcing reports to MAS
Support other departments in new and periodic third-party management reviews.
Facilitate and provide support in setting up New Product Committee to study/review new products or businesses
Business Continuity Management
Review and maintain the BCM framework to ensure compliance with regulatory requirement.
Control, facilitate and consolidate BIA/BCP results from the business units
Plan, coordinate and conduct BCP test, including call tree exercise.
Branch Self Audit (BSA), Control Self-Assessment (CSA), Branch Manual List
Managing Branch Self Audit
Managing Control Self-Assessment Framework/activities and report to Head Office (HO)
Managing a process to ensure Policies, Practice Guides and Procedures are reviewed and refreshed on a regular basis
Environmental Risk Management (EnRM)
Maintain and develop a framework which appropriately manages environmental risks to meet expectations from the regulators with coordinating with related departments.
Others
Assisting and supporting HO in all Organizational & Operational risk administration & projects deliverables
Responsible for projects as and when assigned. Mentoring junior staff.
Liaising with Head Office and MUFG
Any other ad-hoc assignment as required
Requirement
Bachelor’s degree holder
Preferably with at least 4 years of relevant experience in organizational/operational risk management
Possess good communication skills required to engage stakeholders, escalate issues in a timely manner to management for direction and resolution
Proficient in Microsoft Excel
Basic understanding of Financial Markets and Risk processes (from risk reporting through approval, through Post-approval monitoring)
Has good understanding of risk management process and implementing process controls. Experience in working/implementing such method
Proficient in Japanese to liaise with Japanese counterparts & handle Japanese documentation would be advantageous but not mandatory
Competencies
Should have an eye for details and process-oriented mindset to review processes
Methodical, logical, analytically strong, thorough follow up and multi-task coordination skills
Must be a team player with ability to work with cross functional, culturally diverse and geographically spread-out teams, hold good interpersonal skills and take leadership to achieve engagement and endorsement of organization and operational risk