Operational Risk & Compliance Officer (Banking), Singapore

We are hiring on behalf of a leading bank for an experienced Operational Risk and Compliance Officer. If you have a solid background in managing risk frameworks, ensuring compliance, and collaborating across functions, this role offers the perfect platform to apply your expertise in a dynamic banking environment.

• Advise departments on operational risk identification, assessment, and control implementation for business processes.
• Review, update, and maintain policies/procedures for Operational Risk, Fraud Management, and New Product Approval.
• Lead root cause analysis of operational risk events and develop mitigation action plans.
• Support Head Office initiatives: Incident Reporting, Key Risk Indicators (KRI), and fraud risk reviews.
• Manage outsourcing risks per MAS regulations:
  Conduct due diligence on third-party providers.
  Ensure compliance with Bank’s Outsourcing Risk Policy.
• Mitigate operational risks in new products; facilitate New Product Committee processes.
• Drive Business Continuity Planning (BCP):
  Update Business Impact Analyses (BIA) and BCP documentation.
  Coordinate testing and recovery strategy development.
• Conduct independent monitoring of bank-wide transactions and private banking trade calls.
• Oversee bank-wide Policy & Procedure (P&P) lifecycle:
  Initiate reviews and manage P&P system updates.
• Administer Business User Access Reviews and maintain Business System Listing.
• Prepare operational risk reports/presentations for RMC, Senior Management, Head Office, and regulators.

• Bachelor’s degree in Finance, Risk Management, Business Administration, Law, or a related field.
• At least 3 years of experience in Operational Risk Management and Compliance roles, preferably in the banking industry.
• Good understanding MAS Guidelines on Risk Management practices, BCM guidelines and Outsourcing Notices.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently with minimum supervision and able to adapt to a dynamic environment.

EA Licence No.: 20C0261 | Registration No.: R23118854