[Job ID: 766341]
Responsibilities:
Own and oversee the Organizational Risk Management processes to highlight potential high-risk areas for management attention.
Outsourcing, New Product/Business Check:
- Review outsourcing and third-party management documents (e.g., policies, procedures, manuals, outsourcing registers) to ensure compliance with MAS Outsourcing Notice, Guidelines, and related documents.
- Ensure and support the outsourcing process and framework are compliant with MAS Outsourcing Guidelines, including consolidating outsourcing reports for MAS submission.
- Assist other departments with new and periodic third-party management reviews.
- Support the setup of the New Product Committee to study and review new products or businesses.
Business Continuity Management (BCM):
- Review and maintain the BCM framework to ensure compliance with regulatory requirements.
- Control, facilitate, and consolidate Business Impact Analysis (BIA) and Business Continuity Plan (BCP) results from business units.
- Plan, coordinate, and conduct BCP tests, including call tree exercises.
Organizational & Operational Risk Management:
- Develop, review, and maintain risk management tools to conduct necessary assessments.
- Enhance the effectiveness of the existing Organizational Risk Management framework.
- Control, facilitate, and consolidate the Organizational Risk
- Register to report to senior management.
- Provide key support in completing Residual Risk Assessments, collaborating with business units to identify risks and controls, evaluate inherent and residual risks, and establish mitigation plans.
- Identify and assess key operational risk areas and control gaps, working with business units to mitigate risks and improve controls as needed.
- Organize and facilitate Risk Committees and Operational Risk Committees in the risk assessment process, ensuring action plans are in place to address key risks.
Branch Self Audit (BSA), Control Self-Assessment (CSA), Branch Manual List:
- Manage Branch Self Audit processes.
- Oversee the Control Self-Assessment Framework/activities and report to Head Office (HO).
Ensure that policies, practice guides, and procedures are regularly reviewed and updated.
Environmental Risk Management (EnRM):
- Maintain and develop a framework to manage environmental risks, ensuring compliance with regulatory expectations in collaboration with relevant departments.
Requirements:
- Minimum 4 years of relevant experience, particularly hands-on experience in outsourcing and BCP management, within organizational/operational risk management in financial institutions.
- Strong communication skills to engage stakeholders and escalate issues to management in a timely manner for resolution.
- Proficiency in Microsoft Excel.
- Basic understanding of financial markets and risk processes (from risk reporting to post-approval monitoring).
- Good knowledge of risk management processes and experience implementing process controls.
We regret that only shortlisted candidates will be notified. However, rest assured that all applications will be updated to our resume bank for future opportunities.
Please kindly refer to the Privacy Policy of Good Job Creations for your reference: https://goodjobcreations.com.sg/en/privacy-policy/
EA Personnel Name: Sandy Ng Mei Qi
EA Personnel Registration Number: R24125475
EA License No.: 07C5771
