About the role

AI summarised

The Risk and Control Specialist - NRMO SG role at CIMB Singapore involves managing non-financial risks and ensuring regulatory compliance within the bank's department. The position focuses on implementing risk frameworks, conducting risk assessments, monitoring controls, responding to incidents, and promoting a strong risk and compliance culture. It requires collaboration with process owners and stakeholders to align departmental practices with banking regulations and internal policies.

BusinessFull-timeGeneral

Key Responsibilities

Enable effective implementation of framework and policies related to non-financial risk and compliance matters to strengthen operational resiliency and enable sustainable business growth
Promote and support the Head of RCU in strengthening operational resiliency with proactive identification, management, monitoring and control of operational and compliance risks using relevant tools
Perform identification, assessment and monitoring of key drivers for all types of non-financial and compliance risks including Operational Risk, Conduct Risk, Fraud Risk, Third-Party Risk, Business Continuity, Data Risk, AML/CTF, regulatory compliance
Support and provide risk and control advisory to HOD/HOU/Process Owners with proactive risk prevention strategy by identifying and managing risk at source during strategy planning, product design, system/process changes
Monitor and report risk indicators/measures and ensure timely escalation of operational risk events with mitigating actions to stakeholders and risk committees
Collaborate with HOU/Process Owners to ensure departmental policies, procedures and SOPs are effective, updated and aligned with the Bank's risk framework with documentation of appropriate key controls
Perform regulatory gap analysis for new or revised regulatory guidelines or P&P impacting the department, ensuring adequate risk and control are put in place for regulatory compliance
Facilitate consistent approach in the assessment and management of risks within the department in alignment with applicable banking laws, regulations, internal policies and procedures
Ensure timely assessment, escalation and resolution of operational risk events to minimize potential losses
Conduct deep-dive into operational risk events to identify root cause/control weaknesses for establishing mitigating controls/preventive action plans
Perform independent thematic and/or periodic reviews of incident, project, process/control, systems to identify cause and controls breakdown/deviation
Support Head of RCU/HOD to champion Risk and Compliance culture and provide relevant risk and compliance updates/training within the department

Requirements

Minimum Bachelor's degree in Law, Finance, Business, Accounting, or related field
Minimum 7 years of experience in operational risk, compliance, or related roles in banking
Relevant certifications (e.g., Lean Six Sigma, Regulatory Compliance) preferred
Strong analytical, communication, and stakeholder management skills
Proficient in MS Office (PowerPoint, Excel, Word)
Self-motivated, agile, and committed to continuous improvement