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Jobs that require operational risk management skill

OCBC Bank (Singapore)
21Jan
Admin Support Executive, People Services (6 months contract)
OCBC Bank (Singapore)   via OCBC Bank (Singapore)



The People Services team in Group Human Resources is responsible for the provision of HR services through a shared service delivery model to employees of OCBC Bank. The team aims to provide high quality support, consistent HR guidance and resolutions to HR Relationship Managers and employees with a focus on employee centric service.

As a member of the team, your responsibilities include the following\:

Employee Administration 

Assisting employees with leave    Read more

queries, providing resolutions with leave-related matters. Provide reports on key leave indicators such as block leave monitoring, annual leave consumption patterns and leave accrual reports. 

Preparation of staff passes for new hires, including review of access rights during non-office hours. 

Updating of Authorised Signature Book. 

Managing the employee referral programme to ensure that successful employee referrals incentives are paid on time.

Internship Programme 

Source and on-board for polytechnic interns. 

Process invoices for polytechnic interns.

Operational Risk Management 

Compile the HR risk performance metrics for GHR, including data quality scorecard reporting so that the necessary decisions and instructions can be made timely. 

Any other adhoc assignments or projects

You have good interpersonal skills and communication skills 

You are able to work under stress 

You have positive working attitude and service mindset 

You have good data entry skills 

You are able to work independently as well as in a team

Skills
United Overseas Bank Ltd (UOB)
20Jan
Vp, Business Compliance (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
United Overseas Bank Ltd (UOB)
20Jan
Vice President, Group Compliance - Investment & Insurance Products
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

Group Compliance is a strategic partner and trusted business enabler to the Board and Senior Management to ensure that the Bank continuously fulfils its regulatory obligations in today’s tight and dynamic regulatory landscape.

We work closely with our internal stakeholders to identify and assess underlying regulatory risks; develop practical solutions that integrate regulations into operational requirements; and actively shape and promote 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 businesses’ emerging needs.

Job Responsibilities

In line with the new direction, we are looking for strategic and forward-looking individuals with sound understanding of the banking business operations and underlying risk exposure to join our Group Compliance - Retail Division. Individuals who possess good understanding of business operations, controls and/or risk management in areas related to Private Banking, Retail Banking, or Business Banking are welcome to apply.

To assist in the management of the compliance requirements for the Business / Support Sectors under the purview of the division.

To assess Business / Support Sectors’ adherence to the regulatory requirements and related internal Policies and Guidelines by:-

Developing and executing the compliance review programs, reporting unsatisfactory findings to Business / Support Sector Heads and Group Head of Compliance and follow up on remedial actions taken;

Deploying data analytics in the management of regulatory risks;

Reviewing Business / Support Sectors’ policies, guidelines, procedures and manuals to assess relevancy and adequacy of compliance controls;

Reviewing Business / Support Sectors’ proposed marketing materials for new and existing products to ensure they are in accordance with regulatory requirements and related internal policies and guidelines;

Reporting of breaches by Business / Support Sectors to the Group Head of Compliance;

Identifying and addressing compliance gaps in business processes; and

Recommending appropriate remedial actions and mitigating controls

To provide compliance advisory services to Business / Support Sectors on regulatory requirements and industry guidelines by:-

Identifying new and existing applicable laws, rules and industry guidelines, and communicating them to Business / Support Sectors;

Analyzing the impact of new and/or changes in existing regulatory requirements and providing recommendations on how Business / Support Sectors can comply with them;

Assisting Business / Support Sectors in setting up their own compliance framework, manuals, policies and guidelines and assessing the adequacy of controls in achieving compliance;

Handling queries and clarifications from Business / Support Sectors relating to relevant regulatory requirements and industry guidelines.

To assist and facilitate the training for the staff of Business / Support Sectors on regulatory requirements, including:-

Preparing training materials and quizzes;

Reviewing/revising existing training materials and quizzes; and

Delivering compliance training on key regulatory risk areas to the staff of Business / Support Sectors.

To handle or participate in ad-hoc projects that require compliance support. This includes participating in relevant MAS and ABS Project Committee meetings and liaising with regulators, and internal and external auditors, as and when necessary.

To assist Section Head in matters related to the Regulators and Auditors (Internal and External).

Job Requirements

A Degree or relevant qualification from a recognized institution with at least 3 years of relevant working experience in the banking industry, preferably in retail banking, wealth management or insurance.

Be familiar with the Financial Advisers Act and its related notices / subsidiary legislation. It will be advantageous to have knowledge on one or more of the following legislations – Securities & Futures Act, Banking Act and Insurance Act.

Prior experience in banking or insurance compliance, legal advisory, operational risk management within business units or internal / external audit will have an advantage.

Strong analytical skills, meticulous, proactive, able to think creatively and work independently with excellent verbal and report-writing skills to effectively interact with colleagues and external parties of all levels.

A strong team player and proficient in Microsoft Office applications.

Be a part of UOB Family

Apply now and make a difference.

Skills
United Overseas Bank Ltd (UOB)
20Jan
First / Vice President, Group Compliance / Corporate & Regulatory Affairs
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

Group Compliance is a strategic partner and trusted business enabler to the Board and Senior Management to ensure that the Bank continuously fulfils its regulatory obligations in today’s tight and dynamic regulatory landscape.

We work closely with our internal stakeholders to identify and assess underlying regulatory risks; develop practical solutions that integrate regulations into operational requirements; and actively shape and promote 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 businesses’ emerging needs.

Job Responsibilities

In line with this new direction, we are looking for strategic and forward-looking compliance professionals with deep project management experience and expertise to:

Assist the Division Head in continuously strengthening and developing the compliance culture within the Bank.

Formulate and implement appropriate compliance policies and procedures to ensure that the Bank carries out its business activities in conformance with compliance laws, rule and standards.

Provide regulatory compliance advice and services to corporate functions and service sectors (channels & digitalisation and technology & operations) in the Bank.

Ensure that best practices and ethical standards adopted by the Bank are consistent within the Group.

Job Responsibilities:

To manage and assist in compliance projects/initiatives as assigned.

To identify, evaluate and assess regulatory compliance risks, compliance laws, rules and standards, and formulate compliance plans on the foregoing.

To provide sound, coherent & consistent advice, interpretation and recommendation on compliance laws, rules and standards, internal policies and procedures, products and business initiatives.

To develop, review and implement policies, procedures, guidelines and manuals within the Group.

To oversee, manage and develop compliance review programmes which test compliance with applicable compliance laws, rules and standards, including that for personal account dealing and FATCA.

To overseeand ensure coherent and consistent implementation ofcompliance policy requirements within the Group

To anticipate and assess impact of regulatory reforms as well as participate in industry body discussions

To act as an independent reviewer of compliance issues and concerns escalated.

To promote and champion organisation-wide knowledge sharing, for compliance know-how, information and experience to be shared with internal stakeholders.

To assess training needs, develop and review compliance training materials and conduct training for staff.

To engage with internal as well as external stakeholders such as industry bodies on regulatory compliance matters, auditors and regulators.

Job Requirements

A Degree or relevant qualification from a recognized institution with at least 3 years of relevant working experience in the banking industry, preferably in retail banking, wealth management or insurance.

Be familiar with the Financial Advisers Act and its related notices / subsidiary legislation. It will be advantageous to have knowledge on one or more of the following legislations – Securities & Futures Act, Banking Act and Insurance Act.

Prior experience in banking or insurance compliance, legal advisory, operational risk management within business units or internal / external audit will have an advantage.

Strong analytical skills, meticulous, proactive, able to think creatively and work independently with excellent verbal and report-writing skills to effectively interact with colleagues and external parties of all levels.

A strong team player and proficient in Microsoft Office applications.

Be a part of UOB Family

Apply now and make a difference.

Skills
United Overseas Bank Ltd (UOB)
20Jan
Vice President, Group Transaction Banking / Trade Product 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 Wholesale Bank function operates a dynamic business model that provides financial services and solutions to help our clients achieve their strategic business objectives. Our mission is to become the premier-provider of banking services and solutions for Asia-based commercial banking companies (small medium enterprises), large corporations, financial institutions as well as multinational corporations. Our coverage teams work in full alignment with specialised teams across Transaction Banking, Investment Banking, Global Markets and Group Retail to deliver seamless solutions to our clients.

Job Responsibilities

Reporting to the Senior Vice President, Trade Product Risk Management, the position will be responsible for the execution and delivery of Trade Product Risk Management Risk Framework with criteria and measurement properly defined, so as to utilize it as tools to assess any trade products, solutions or product program and ensure that the product is running under a risk controlled environment.The framework shall be comprehensive to cover all risks E2E from when the product is commercialized to when it has become matured BAU offering.

Work closely with all the product managers in Global Trade and with other stakeholders in Sales, Operations etc. to provide holistic risk oversight to products in his / her portfolios.

Provide advice and assistance to business / product teams on the development of risk management frameworks, to identify, manage, and mitigate various types of risks associated with Trade Finance products including Documentary Trade, Open Account Trade including Financial Supply Chain Management (FSCM) and FI Trade.

Maintain product risk management framework, engage and communicate with business partners on product risk framework requirements and conduct regular risk monitoring and control activities to ensure compliance. Engage key function stakeholders e.g. Ops, Legal, Credit, Compliance etc., to align, implement, address and achieve product risk management requirements and objectives.

Maintain strong knowledge on internal processes, service models and system capabilities; facilitate improvement on operational processes and service levels; track and monitor any trade product associated risk issues.

Set key risk indicators and monitor performance of these indicators. Ensure product risk parameters are monitored and reviewed in a timely manner based on inputs from portfolio reviews, operational risk & compliance reviews or issues identified, loss or near miss events, changes in risk environment or risk appetite etc.

Ensure that product risk monitoring and oversight activities encourages compliance with the Bank’s applicable risk management policies, procedures and guidelines and adhere to the Group’s Risk Appetite Statements.

Responsible for conducting certain product portfolio risk monitoring reviews, identifying gaps in product end to end execution process and driving for required remedial actions.

Understand, manage and analyse product, portfolio, MIS and/or other data source (data mining) for risk management reporting.Ability to connect the dots across risk categories while conducting holistic risk assessments.

Job Requirements

At least 8 years of working experience in trade finance and/or supply chain finance product management, especially for Asia.

Strong trade finance product knowledge, with good understanding in Documentary Trade, Open Account Trade including FSCM products.

Possess strong in-depth knowledge of trade concepts/laws, regulations, ICC guidelines and international best practices

Credit or operational risk management experience and good understanding in general risk management framework and principles in the banking industry is highly preferred

A highly-motivated self-starter with strong analytical, interpersonal, negotiation and organisation skill.Ensure smooth communication with various stakeholders at Group Level as well as with Country product teams.

Strong writing, presentation and communication skills with good spoken and written English

Be a part of UOB Family

Apply now and make a difference.

Skills
United Overseas Bank Ltd (UOB)
19Jan
Svp, Head Of Projects / Process Standardization
United Overseas Bank Ltd (UOB)   via JobsCentral



Key Responsibilities

Develop Operations management framework and process design, ensure standardization across the group to bring about greater operational efficiency and productivity.

Define Key Performance Indicators (e.g.Productivity Indicators/Key Ops Risk Indicator/Service Levels), determine benchmarks and best practices to improve operation efficiency.

Formulate a Workforce optimization strategy that will boost productivity and achieve operational efficiency.

Identify transformation opportunities, build business cases and drive the implementation to bring about greater efficiency.

Key    Read more

Requirements

Experienced problem-solver, comfortable with decision making in a complex environment: managing trade-offs, ambiguities and competing priorities.

Strong commercial skills and good business acumen.

Demonstrated working experience with Technology and leading the transformation initiatives.

Demonstrated leadership abilities, experience team builder with a collaborative and courageous leadership style.

Outstanding stakeholder skills

Excellent influencing, oral and written communications skills and the ability to work with all levels of management.

Excellent organizational and planning skills.

Experienced team builder with a collaborative and courageous leadership style.

Experience in complex data analysis, statistical modelling to support retail banking operation will be an added advantage.

Skills
United Overseas Bank Ltd (UOB)
19Jan
Senior Officer (1 Year Contract), Wholesale Loans Operations (Shift Work)
United Overseas Bank Ltd (UOB)   via JobsCentral



Job Responsibilities

To input all daily transactions (eg Loans and Credit facilties limits eg Loans, OD, Trade and Treasury) in the relevants system (eg MCL, CCRS, LESRBK, SAP etc) in an accurate & timely manner in accordance to the process flows & user procedures.

Able to work on rotating shifts timings ,ie. 9am to 6:30pm; 3pm to 12:30am and 12am to 9:30am

Contribute to the achievement of Key Performance    Read more

Indicator (KPI) and work actively to achieve KORIs

a) Work actively with Dept Head/Team Lead/officers to achieve satisfactory audit review for all daily processes

b) Work actively with Dept Head/Team Lead/officers to support new products / services launches of Business Units

c) Work actively with Dept Head/Team Lead/officers to meet SLA turnaround time for daily loan/limit implementation processes

d) Work actively with Dept Head/Team Lead/officers to ensure compliance of KRCSA and Ops risk control

Operation-related Processes (supporting the Overseas Branches)

a) Loan accounts opening for new borrowing customers in Multi-Currency Loans System (MCL).

b) Loan disbursements, repayments, redemption, rollovers, restructuring and other loans transactions.

c) Loan maintenance data input for all loan accounts.

d) Input appropriate entries in AIM/RBK/SAP system and relevant payment messages (ie SWIFT payment)in AMH /Remittance system.

e) Limit implementation for Loans, Overdraft, Trade & Treasury Products in Limits Exposure System (LES) and the respective products systems(ie MCL, Retail Banking (RBK), Counterparty Credit Risk System (CCRS).

f) Perform daily operational transactions in accordance to established policies and procedures.

g) Perform all administrative tasks pertaining to loan operations (eg daily transaction volume statistics and retrieving relevant reports from R2W

h) Assist in packing and maintaining proper record for all archiving of documents

Qualification

Preferably with some experience in Banking operations

Good working knowledge of Bank's loan products, loans processes, loans operations and policies

Trustworthy, reliable , responsible & hardworking.

Able to work under pressure

Positive work attitude and willingness to learn

Contribute towards building a conducive work environment in the Section

Proficient in English

Proficiency in basic Microsoft office ie Word, Excel & Powerpoint

Skills
United Overseas Bank Ltd (UOB)
18Jan
Avp/Mgr, Credit Control Syndication - Credit Admin Control (Insurance Section)
United Overseas Bank Ltd (UOB)   via JobsCentral



Responsibilities:

Manage and maintaining cordial relationship between Business units and Internal Departments as well as handling enquiries/requests

Track, monitor and review aging reports to ensure insurance policies are received in time, updated accurately and also the sum insured is adequate.

Ensure the Bank’s interests are protected by checking through specific clauses within the insurance policy

Ensure the monitoring of renewals of the insurance policies are properly managed and complied

Processing    Read more

day to day transaction includes new policies, renewal of policies as well as checking for adequacy of the sum insured.

Coordinate with the various Business units and Internal Departments to ensure that the relevant insurance policies are received within the stipulated timeframe

Co-ordinate / Participate in projects in the department as and when applicable

Provide guidance, training and knowledge sharing as and when applicableRequirements:

Bachelor degree in related discipline

At least 5 years’ experience credit lending and operations, especially in the area of insurance coverage for collateralized assets.

Possess good functional and technical expertise required to perform core aspects of the job, including sound knowledge of insurance coverage for collateralized assets and operational risk, regulations and legal guidelines

Proven track record in residual credit & operational risk management and knowledge of relevant application systems.

Well-developed leadership, communication, interpersonal and organization skills

Strong quantitative, analytical, and problem solving skills

Ability to manage multiple initiatives and to work under challenging and demanding circumstances to meet deadlines.

Skills
DBS Bank Ltd.
17Jan
Senior Associate, Sales Surveillance, Private Banking, Consumer Banking Group (19000098)
DBS Bank Ltd.   via JobsCentral



Roles & Responsibilities

Business Function

DBS’ Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalised banking. We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset classes and employ the best strategies and product vehicles to cater to each client’s needs. Coupled with partnerships within the DBS network and with global institutions, we strive to    Read more

build long-term relationships with our Private Banking clients in Asia by providing them with high quality, timely and extensive wealth management, investment and financial solutions.

Responsibilities

Assist to perform Sales Surveillance control checks and any ad-hoc control-assurance check.

Escalate to management on a timely manner on any non-compliance on sales process.

Review, update and implement related policies, procedures and control measures to ensure compliance with regulatory requirements.

Assess and identify any internal control weakness and implement the necessary rectification or changes in control procedures.

Work with Front Office and Management on control related matters and escalate issues to Management, where appropriate.

Liaise with various internal departments including Legal and Compliance, Internal Audit, IT, Operations, Sales Support, training and Ops Risk team.

Prepare Sales Surveillance reports for management.

Assist to review control assurance process for improvement.

Participate in projects representing Sales Surveillance team for control assurance requirement.

Conduct Sales Process training to sales staff.

Requirements

Degree holder with at least 5 years of relevant working experience in the private wealth environment. Necessary to have field experience of risk & controls management, internal audit or compliance.

Possess good interpersonal and communication skills.

Ability to work independently and as part of a team.

Self-motivated, organised, meticulous with good analytical skills.

Ability to take on responsibility and challenges.

Good working knowledge of MS Office e.g. Word, Excel and PowerPoint.

Good understanding of relevant MAS rules, regulations, practices and guidelines will be an advantage.

Skills
DBS Bank Ltd.
17Jan
Avp, Sales Surveillance, Private Banking, Consumer Banking Group (19000098)
DBS Bank Ltd.   via JobsCentral



Roles & Responsibilities

Business Function

DBS’ Private Banking offers a one-stop, full-service touch-point for total banking requirements and provides the highest level of personalised banking. We have a team of dedicated, experienced investment advisors who identify opportunities in the various asset classes and employ the best strategies and product vehicles to cater to each client’s needs. Coupled with partnerships within the DBS network and with global institutions, we strive to    Read more

build long-term relationships with our Private Banking clients in Asia by providing them with high quality, timely and extensive wealth management, investment and financial solutions.

Responsibilities

Assist to perform Sales Surveillance control checks and any ad-hoc control-assurance check.

Escalate to management on a timely manner on any non-compliance on sales process.

Review, update and implement related policies, procedures and control measures to ensure compliance with regulatory requirements.

Assess and identify any internal control weakness and implement the necessary rectification or changes in control procedures.

Work with Front Office and Management on control related matters and escalate issues to Management, where appropriate.

Liaise with various internal departments including Legal and Compliance, Internal Audit, IT, Operations, Sales Support, training and Ops Risk team.

Prepare Sales Surveillance reports for management.

Assist to review control assurance process for improvement.

Participate in projects representing Sales Surveillance team for control assurance requirement.

Conduct Sales Process training to sales staff.

Requirements

Degree holder with at least 5 years of relevant working experience in the private wealth environment. Necessary to have field experience of risk & controls management, internal audit or compliance.

Possess good interpersonal and communication skills.

Ability to work independently and as part of a team.

Self-motivated, organised, meticulous with good analytical skills.

Ability to take on responsibility and challenges.

Good working knowledge of MS Office e.g. Word, Excel and PowerPoint.

Good understanding of relevant MAS rules, regulations, practices and guidelines will be an advantage.

Skills