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Jobs that require operational risk management skill

United Overseas Bank Ltd (UOB)
22Mar
Vice President, Policy & Advisory - Sanctions, Group Compliance
United Overseas Bank Ltd (UOB)   via JobsCentral



About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices.

Our history spans more than 80 years. Over    Read more

this time, we have been guided by our values — Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

About the Department

The Group Compliance function is a strategic partner and a trusted business enabler to the Board and senior management. It is our responsibility to ensure that the Group continuously fulfils its regulatory obligations in today’s tight and dynamic regulatory landscape. We work closely with internal stakeholders to identify and to assess regulatory risks. This collaboration also includes developing practical solutions that integrate regulations into operational requirements as well as actively shaping and promoting stronger compliance culture and literacy in the Bank.

The competitive business environment and constant product innovation coupled with the ever evolving regulatory landscape propel the compliance function to go beyond regulatory advisory to focus on active risk identification and management, instilling a robust regulatory compliance control framework and active participation in the provision of sound and sustainable solutions to meet the Bank’s emerging needs.

Job Responsibilities

In line with this new direction, we are looking for strategic and forward-looking individuals with sound understanding of the banking business operations to join our dynamic team in Group Compliance Sanctions Division through:

Design, develop, implement and maintain Sanctions Compliance Program and practices; risk identification mechanism and establish standards to be met by all regions and monitor adherence to program effectiveness.

Contribute effectively for implementation of sanctions policies and procedures, training and risk assessment.

Provide guidance on the assessment of complex issues and drive effective resolution with business and other stakeholders in Singapore and the region.

Review inquiries from regulators and correspondent banks related to sanctions compliance.

Collaborate with the Group AML Advisory, AML Regional and country compliance teams, Internal Audit and other control functions to ensure that sanctions compliance policies and procedures meet current regulatory requirements.

Provide sanctions training to business and other stakeholders where required.

Develop and maintain effective relationships with stakeholders across the Bank.

Monitor developments on sanctions related laws and regulations and maintain up to date policies, procedures and practices.

Assist, and drive the reviews of transactions, deals, strategic initiatives, and other relationships to ensure conformity with sanctions laws and regulations and the Bank’s policies and procedures.

Job Requirements

Strong knowledge and experience in international financial sanctions laws and regulations.

At least 5 – 7 years of relevant work experience, preferably in compliance, audit or operational risk management.

Strong writing and communication skills with ability to develop a strong working partnership with external and internal stakeholders.

Team player and demonstrated ability to manage multiple tasks and work independently.

High personal standard of ethics, integrity and commitment to fulfilling the objectives of the position.

Ability to understand business issues and develop solutions that meet regulatory requirements while minimizing impact to normal business processes.

Be a part of UOB Family

Apply now and make a difference.

Skills
MACQUARIE GROUP SERVICES (SINGAPORE) PTE. LIMITED
21Mar
Counterparty Lifecycle Management – Analyst
MACQUARIE GROUP SERVICES (SINGAPORE) PTE. LIMITED   via JobsCentral



Roles & Responsibilities

About the role

The Market Operations Division (MOD) provides a key segregated control function for institutional and corporate businesses built on strong operational risk management and a control culture that is consistent and resilient. MOD is currently seeking to appoint an AML & Onboarding Analyst for a Sydney based role. The successful candidate will be joining the Counterparty Lifecycle Management Team which performs KYC checks on new    Read more

and existing customers to fulfil AML regulatory requirements in multiple jurisdictions so Macquarie Bank can engage with clients in a risk compliant manner.

Requirements

Your responsibilities will include:

Liaising with CGM Teams (and face-to-face as much as possible) to understand the priority and the nature of the counterparty relationship, and transaction. In addition, assist identify any other related parties whom may also require due diligence (e.g. vendor, service provider, selling shareholders, etc).

Advising desks on the application of KYC requirements and ensuring a transaction is sufficiently progressed to be able to perform due diligence, but still has time to be completed prior to signing a mandate.

Referring complex deal structures or any other policy interpretation issues to Financial Crime Compliance who will advise on the appropriate application of KYC requirements.

Submit the EMS request with the necessary level of information required, within the timeframe required

Performing sense check of all requests for KYC documentation requested by offshore team before sending to the deal team for the counterparty outreach (or potentially doing the outreach themselves if the deal team requests).

Maintaining the list of all in-flight requests and priorities being worked on by MOD CLM. Oversee and manage the pipeline based on business priorities, including communicating to business any potential delays or timing issues.

Problem-solving and working with RMG FCC, FMG Tax, RMG BAC and RMG Central Compliance to resolve any blockers in the process.

About you

To be successful in the role you will be enthusiastic, flexible and able to demonstrate initiative in a challenging, and varied role. You will also have:

Attention to detail

Organisation and prioritisation skills to manage multiple tasks at the same time

Research and analytical skills, with the ability to summarise complex findings

Strong written and verbal communications skills

Motivated, independent and ability to work in a fast paced environment with constantly changing priorities

Strong commitment to completion and delivery

Knowledge of the client KYC Onboarding process and knowledge of AML regulatory requirements

Adaptable to change and open to overtime if required

About us

The Corporate Operations Group (COG) brings together specialist support services including workplace, human resources, market operations and technology. COG's purpose is to drive operational excellence through business-aligned services with a focus on quality, cost and risk. COG comprises the following divisions: Business Improvement and Strategy, Business Services, Human Resources, Market Operations, and Technology.

Find out more about Macquarie careers at www.macquarie.com/careers.

Macquarie understands the importance of diversity and inclusion - our long history of success has come from being different. At Macquarie we value the innovation and creativity that diversity of thought brings. The one thing we all have in common is our focus on high performance. If you're capable, motivated and can deliver, we want you on our team.

Skills
BOC AVIATION LIMITED
18Mar
Head Of Board Secretariat
BOC AVIATION LIMITED   via JobsCentral



Roles & Responsibilities

Reporting to the Vice Chairman of the Board and Deputy Managing Director, the successful candidate is responsible for ensuring effective, efficient, accurate and timely delivery of all Board matters for overall Board effectiveness.

Job Responsibilities

Preparation and executive of Board Meetings including Chinese/English translation & interpretation at Board Meetings.

Provide updates to senior management on changes in major shareholder’s strategy, structure, and any issues that may have an impact    Read more

on BOC Aviation.

Distribute Board Circulation Papers (BCPs) to Directors for approval and monitor and coordinate all actions required to obtain sign-off.

Manage team to handle Board administrative and secretarial work, translate all communications between the Company and Board/Directors, and translate all Board Meeting papers, reports from Board Committee chairs, Management Report, BCPs.

Provide oral interpretation for all strategy / project meetings requested and chaired by major shareholder / Directors that involve Company’s Senior Management.

Other tasks as assigned by the Managing Director & CEO, Deputy Managing Director & Vice Chairman and/or Chief Operating Officer.

Requirements

Job Requirements

Degree or equivalent qualification with at least 12 years of relevant years of legal, operational risk management or Board secretariat work experience.

Strong interpersonal and leadership skills, self-motivated with pro-active attitude and organized who excels independently and as part of a team.

Sense of urgency and ability to complete tasks within tight deadlines

Good working knowledge of Microsoft Office applications, particularly in MS Excel and Words is a must.

Proficiency in written and spoken English and Chinese.

Skills
United Overseas Bank Ltd (UOB)
18Mar
Operational Risk Manager (Vp), Group Risk Management - Operational Risk Management
United Overseas Bank Ltd (UOB)   via JobsCentral



About UOB

United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 branches and offices in 19 countries and territories in Asia Pacific, Europe and North America. In Asia, we operate through our head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia and Thailand, as well as branches and offices.

Our history spans more than 80 years. Over    Read more

this time, we have been guided by our values — Honorable, Enterprising, United and Committed. This means we always strive to do what is right, build for the future, work as one team and pursue long-term success. It is how we work, consistently, be it towards the company, our colleagues or our customers.

About the Department

The Credit and Risk Management function is comprised of three teams: Risk Management, Credit and Special Asset Management. We manage the risks arising from the Group’s business activities within the risk appetite established by the Board. This involves identifying and evaluating the risks, developing effective risk governance and strategies as well as providing independent assessment of the overall risk profile.

Job Responsibilities

Job Responsibilities:

Liaise with business/support units in the first line on all operational risk management matters, including:

engage, discuss and facilitate the annual key risk and control self-assessment;

monitor operational risk indicator trends and engage the first line when there are any breaches to assess whether action plans are required;

advise on operational risk incident reporting matters and follow up on action plans;

review product programmes to ensure operational risks inherent in supporting such products and services are addressed; and

review and provide feedback to outsourcing assessments and due diligence by the first line.

Support and respond to queries on the Governance Risk and Compliance (GRC) system, a group-wide operational risk, audit and compliance management information system.

Perform periodic testing on specific modules in the GRC system.

Conduct training to the first line on operational risk programmes, tools and GRC system including reports.

Perform analysis on ORM data for ad-hoc management reporting.

Perform targetted modelling on Internal Capital Adequacy Assessment Process (ICAAP) for analysis and reporting purposes.

Job Requirements

At least 10 years' in first line assurance or second line operational risk management.

Degree holder or its equivalent from a recognised tertiary institution.

Experienced change agent to promote and sustain a strong risk culture in the Bank.

Excellent communication skills; at interpersonal level and in front of a wider audience.

Strong team player.

Results oriented and versatile, able to prioritise and multi-task to complete tasks within deadlines.

Self-starter with initiative and strong drive to achieve high quality work.

Strong problem solving and analytical skills.

Experienced in advanced Excel programming.

Be a part of UOB Family

Apply now and make a difference.

Skills
DBS Bank Ltd.
15Mar
Svp, Risk & Control Team Lead, Consumer Banking Operations Risk & Control Unit, T&O (Wd02139)
DBS Bank Ltd.   via JobsCentral



Roles & Responsibilities

Business Function

Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Responsibilities

Identify emerging operational risk through the execution of operational risk    Read more

management framework tools, including error & risk event management, reporting and action plan tracking

Establish a proactive approach towards managing key operational risks via timely identification, prioritization and tracking of risk reduction programs

Conduct periodic review of key processes to identify potential operational risks and ensure mitigating controls are implemented

Work jointly with operations and business units to design risk resilient process for new product & services

Strengthen risk management through the use of data / tools to enhance controls

Liaise with Compliance, Audit, RMG and other control functions on risk related matters of Consumer Banking Operations

Launch programs to promote risk & control awareness of operation units

Prepare and manage the timely submission of risks reports

Requirements

Bachelor’s degree with at least 10 years' experience in Operational Risk / Audit / Controls within Financial Services industry

Familiarity with Consumer Banking Operations and/or Wealth Operations will be an advantage

A self-starter with strong leadership to build a cohesive & committed team to drive control agenda

Analytical with strong planning and organisational skills

Excellent communication skills and ability to engage various stakeholders.

Skills
DBS Bank Ltd.
15Mar
Vp, Risk & Control Team Lead, Consumer Banking Operations Risk & Control Unit, T&O (Wd02139)
DBS Bank Ltd.   via JobsCentral



Roles & Responsibilities

Business Function

Group Technology and Operations (T&O) enables and empowers the bank with an efficient, nimble and resilient infrastructure through a strategic focus on productivity, quality & control, technology, people capability and innovation. In Group T&O, we manage the majority of the Bank's operational processes and inspire to delight our business partners through our multiple banking delivery channels.

Responsibilities

Identify emerging operational risk through the execution of operational risk    Read more

management framework tools, including error & risk event management, reporting and action plan tracking

Establish a proactive approach towards managing key operational risks via timely identification, prioritization and tracking of risk reduction programs

Conduct periodic review of key processes to identify potential operational risks and ensure mitigating controls are implemented

Work jointly with operations and business units to design risk resilient process for new product & services

Strengthen risk management through the use of data / tools to enhance controls

Liaise with Compliance, Audit, RMG and other control functions on risk related matters of Consumer Banking Operations

Launch programs to promote risk & control awareness of operation units

Prepare and manage the timely submission of risks reports

Requirements

Bachelor’s degree with at least 10 years' experience in Operational Risk / Audit / Controls within Financial Services industry

Familiarity with Consumer Banking Operations and/or Wealth Operations will be an advantage

A self-starter with strong leadership to build a cohesive & committed team to drive control agenda

Analytical with strong planning and organisational skills

Excellent communication skills and ability to engage various stakeholders.

Skills
AIG
13Mar
Operational Risk Management Executive
AIG   via AIG



Functional Area:RK - Risk

Estimated Travel Percentage (%):No Travel

Relocation Provided:No

AIG Asia Pacific Insurance Pte. Ltd.

Your future team

AIG’s Enterprise Risk Management sets AIG’s global corporate strategy for risk management and supports the front line risk takers in proactively managing risks in support of AIG’s goal to be our clients most valued insurer. Our mission is to identify, quantify, and manage risks proactively developing a framework to maintain successful business operations    Read more

and deliver sustainable, long-term profitability. ERM is made up of both corporate and business unit risk professionals working collaboratively as “one team” to improve decision-making through better analytics that create transparency, and focus on the mitigation of the top risks that could damage AIG’s intrinsic value. ERM partners with risk professionals embedded in the businesses as well as other operations throughout AIG’s key geographic modules to apply the risk policies (e.g. Operational Risk, Reinsurance) and ensure information flows seamlessly to the corporate level.

Your contribution at AIG

As an influencer at AIG, people come to you as a “go-to” source for help and support because of your deep knowledge and expertise. As a more experienced team member, you are capable of driving continual improvement and impacting the way that things get done. Because of your influence, whether direct or indirect, we are able to deliver powerful outcomes for our clients. Reporting to the Head of Risk, Singapore, this role supports the design, implementation and maintenance of the Enterprise Risk Management framework for AIG Asia Pacific Insurance Pte Ltd.

Principle Duties & Responsibilities

Operational Risk Management : a) Oversight of operational risk events and review of controls adequacy b) Liaison with various stakeholders regarding the Risk and Control Self Assessments (RCSA)

Business Partnering : Engage with key stakeholders to identify, evaluate and monitor key risks, including emerging risks in relation to the business strategy. Add value to the business via risk driven insights.

Assurance Reporting : Analyze and contribute to reports for Risk & Capital Committee and Board Risk Management Committee meetings

Risk Awareness : Prepare and deliver training to Risk Coordinators and other employees as required

Own Risk Solvency Assessment : Co-ordinate report production and liaison with stakeholders

Outsourcing : Support the business in the review of outsourcing arrangements via risk assessments, offering a holistic risk-reward lens

What we are looking for

The successful candidate will be a self-motivated professional with a keen interest in the field of risk management. This job demands a strong appetite to learn together with an ability to work in a team environment.

Bachelor’s Degree (at a minimum), with 2-3 years of experience

Pleasant demeanor, self driven and willingness to go the extra mile

Good communicator who can engage, partner and influence varying stakeholders

Excellent analytical and writing skills. Proficient in Excel, Word and PowerPoint is essential

Experience in enterprise/operational risk management is preferred

Experience in the Insurance or Financial Services Industry is preferred

It has been and will continue to be the policy of American International Group, Inc., its subsidiaries and affiliates to be an Equal Opportunity Employer. We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.

At AIG, we believe that diversity and inclusion are critical to our future and our mission – creating a foundation for a creative workplace that leads to innovation, growth, and profitability. Through a wide variety of programs and initiatives, we invest in each employee, seeking to ensure that our people are not only respected as individuals, but also truly valued for their unique perspectives.

Skills
CIMB Bank Berhad
12Mar
Vice President, Operational Risk, Risk Management
CIMB Bank Berhad   via JobsCentral



Roles & Responsibilities

Train the business and functions to understand and execute the Operational Risk framework.

Provide robust challenge to the first line of defence's execution of the Operational Risk Framework.

Provide operational risk expertise on a consultative basis to the businesses and functions.

Provide guidance to key internal and external stakeholders with regard to Operational Risk Management issues

Participate in risk committees contributing to the governance of the organisation.

Requirements

University degree or    Read more

equivalent

Over 8 years of experience in Operational Risk

Strong presentation and influencing skills, with ability to work with people of different levels

Excellent written and oral communication skills

Good knowledge of banking products/services, activities and operations with experience and in-depth knowledge in at least one business e.g. Trading and Trade Finance.

Analytical and able to identify potential operational risk exposures in business activities, new product/service offerings and outsourcing initiatives, and assess the appropriateness and adequacy of mitigating controls required

A keen eye for control and ability to sieve out key issues and root causes in various circumstances

Please send detailed resume, including salary expectation and contact number to [Click Here to Email Your Resume].

We regret that only shortlisted candidates will be notified.

Skills
United Overseas Bank Ltd (UOB)
11Mar
Vp, Business Compliance, Kyc, Private Bank
United Overseas Bank Ltd (UOB)   via JobsCentral



Job Description:

Provide operational advisories to business units; assisting business units in operationalizing compliance policies/guidelines/regulatory requirements

Provide advisories and supervisory services to the business unit for customer on-boarding and retention of customer relationships in accordance with Group Compliance (GC) - Anti-Money Laundry (AML) endorsement framework

Perform review and monitoring of business unit’s adherence to the regulatory requirements

Perform review and testing in accordance to GC Review & Testing program    Read more



Monitor regulatory inspection and ML/TF/Sanction audit issues

Work with relevant stakeholders to address potential issues/gaps identified arising from the on-going monitoring process

Identify and assess money laundering, terrorist financing and sanction risk exposures for new business programs, and advise business on appropriate mitigating measures where applicable.

Conduct Operational Compliance Training

Escalate potential regulatory breaches in accordance with the escalation protocol, including ML/TF/Sanction issues and products or processes that pose significant ML/TF/Sanction risks

Work with GC on compliance matters and initiatives e.g. policies, guidelines, framework, training, annual compliance plan etc.

Conduct investigation into suspected ML/TF activities and where applicable, report suspicious activity to GC in accordance with the STR escalation protocol.

Job Requirements:

Degree qualified - professional compliance certification will be an added advantage.

Minimum 5-8 years of relevant work experience preferably in compliance, audit or operational risk management.

Good understanding of the various business processes supporting the Banking operations.

Possess strong analytical and problem-solving skills

Sound judgment and strong decision-making skills

Good verbal and written communication skills.

Skills
The Cap Consulting Group Pte Ltd
11Mar
Risk Management, Mgr/SM with large listed conglomerate based in West
The Cap Consulting Group Pte Ltd   via E-FinancialCareer



Risk Management, Mgr/SM with large listed conglomerate based in West

Risk Management, Mgr/SM with large listed conglomerate based in West

• Around 3 to 6 years of direct experience in Risk Management, with some of the relevant exposure covering liquidity risk, ops risk, financial risk, ERM, investment risk is required
• Exposure to control risk assessments (CSA) or risk governance assurance framework (RGAF)or internal control will be useful
•    Read more

Good external auditor cands with some exposure to risk or internal control assessment will be considered

Our client is a global player with an international presence. It is based in the Western part of Singapore.

It is recruiting for an experienced Mgr/Senior Mgr for its risk management/ ERM Dept. The risk scope covers some of the following key areas: liquidity risk, financial risk, ops risk, credit risk, compliance, investment risk, ERM. For this role, you report to the Chief Risk Officer (CRO) and cover the following responsibilities. The role will require some travel (below 30%).
• Participate in the design, development and implementation of risk mgt strategies, policies and programs in identifying, assessing, mitigating, managing and reporting operational, credit, compliance, investment and M&A risks.
• Ensures that risk controllers of the various capabilities and overseas yards are apprised of Risks' priorities and processes.
• Monitors the evaluation/delivery of risk management policies & programmes.
• Implements corrective actions to address risk management issues.
• Responsible for CSA and RGAF.
• Drafts /update policies/ processes for mitigating, managing and reporting risks.
• Collaborates with Finance/Treasury to conduct comprehensive stress tests and determine the probability, velocity and materiality of different market and liquidity scenarios.
• Organizes risk management meetings and supervises preparation of risk materials required.
• Collaborates with Finance/Treasury to design and implement dashboards for managing and reporting financial market and liquidity risks.
• Leads RM survey and able to drive high completion rate.
• Participates in rollout of RACI tables for new Risk Operating Model.
• Supports CRO to implement global transformation of Risk function
• Assists CRO to enhance ERM programs and attain strategic goals and corporate objectives while complying with all regulations, quality, safety and risk accreditation standards.

Requirements:
• Bachelor's Degree in Accountancy, Finance, Economics, Business or related field.
• Around 3 to 6 years of direct experience in Risk Management, with some of the relevant exposure covering liquidity risk, ops risk, financial risk, ERM, investment risk is required
• Exposure to control risk assessments (CSA) or risk governance assurance framework (RGAF)or internal control will be useful
• Will consider good external auditor cands with some exposure to risk or internal control assessment
• Exposure to risk management work gained with a public listed company is very relevant (but not a must)
• Familiar with risk management and process improvement tools and techniques
• Agile in learning
• Energetic, with the ability to drive results and define challenging goals for own unit based on thorough analysis of future opportunities
• Open to working in the Western part of Singapore (at Tuas)
• Open to the official work hours: Mon to Thurs: 7.30am to 5.15pm; Fri: 7.30am to 4.15pm and the requirement to work some long hours when required

To apply, please send your cv in word doc to (Hidden Text). Please also include details of your current salary, expected salary and notice period in your cv.

We regret to inform that only shortlisted candidates will be notified.

Posted by :

CAP Consulting (EA licence : 14C7175)

Caroline Poh (EA registration : R1105649)

Skills