About the role
AI summarisedThis is a senior operational risk management role at a global bank. The VP will lead the operational risk framework, conduct risk assessments, and ensure compliance with regulatory standards.
BusinessFull-timeGeneral
Key Responsibilities
- Develop and maintain the operational risk management framework, policies, and procedures.
- Conduct risk and control self-assessments (RCSA) and identify key risk indicators (KRIs).
- Monitor and report operational risk exposures to senior management and relevant committees.
- Review and challenge new products, processes, and system changes from an operational risk perspective.
- Coordinate with business units to ensure effective implementation of risk mitigation strategies.
- Manage operational risk incidents, including root cause analysis and remediation tracking.
- Provide operational risk training and awareness across the organization.
- Support regulatory examinations and audits related to operational risk.
Requirements
- Minimum 10 years of experience in operational risk management within the banking or financial services industry.
- Strong knowledge of operational risk frameworks, Basel regulations, and MAS guidelines.
- Experience in conducting RCSA, scenario analysis, and loss data management.
- Excellent analytical and problem-solving skills.
- Strong communication and stakeholder management abilities.
- Ability to work independently and lead cross-functional initiatives.
- Bachelor's degree in Finance, Business, Economics, or a related field.
- Professional certifications such as FRM or PRM are preferred.
- Proficiency in risk management systems and data analysis tools.
- Experience in managing regulatory interactions and reporting.