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Vice President - Group Operational Risk Management in Singapore at UOB Group

Date Posted: 5/14/2018

Job Snapshot

  • Employee Type:
  • Location:
  • Job Type:
    Credit / Risk
  • Experience:
    At least 12 year(s)
  • Date Posted:

Job Description

Functional area: Risk Management
Employment type: Full-time
Job Type: Permanent

Job Description:
  1. Develop and maintain Operational Risk Management Framework, Policies and Procedures, and oversee consistent and effective implementation.
  2. Assist in the effective management of operational risks through the various Operational Risk Programmes.
  3. Work with the Business and Support units to identify and assess the key risks in their end-to-end processes, design effective process control test steps to mitigate key risks, self-assessments and monitor operational risks.
  4. Monitor the effectiveness of process controls test through analyzing, measuring, and assessing the results derived from the Operational Risk Programmes.
  5. Assess and highlight the operational risks of Business and Support units via Key Risk Indicators and Key Risk Control Indicators.
  6. Review Product Programme to ensure that the operational risks associated with the specific product are identified and addressed appropriately.
  7. Review Due Diligence and Risk Assessment on Service Providers pertaining to outsourced activities.
  8. Promote greater Operational Risk Management awareness among the Business and Support units through the conduct of Operational Risk Training sessions.
  9.  Assist in the preparation of various Operational Risk Management reports.
  10.  Requirements: 
    1. At least 12 years’ of Banking experience either with operational risk experience, quality assurance or other risk control-related function
    2. Degree holder, diploma holder or its equivalent from a recognised tertiary institution.
    3. Strong analytical and problem solving skills.
    4. Self-starter with initiative and strong drive to achieve good quality work.
    5. Strong team player.
    6. Soft skills to engage across businesses and geographies within the bank.
    7. Good understanding of Operations and related processes would be an advantage.