About the role
Senior Risk and Control Specialist responsible for non-financial risk and compliance governance within a banking department. The role focuses on implementing risk frameworks, conducting risk assessments, regulatory gap analysis, incident response, and fostering a strong risk culture across the organization.
BankingOnsite
Key Responsibilities
- Enable effective implementation of framework and policies related to non-financial risk and compliance matters to strengthen the operational resiliency and enable sustainable business growth of the Department and CIMB Singapore
- 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 operational and compliance risk tools to reduce likelihood and impact of occurrence in line with risk appetite
- Perform the identification, assessment and monitoring of key drivers for all types of non-financial and compliance risks that could impact the Department, including Operational Risk, Conduct Risk, Fraud Risk, Third-Party Risk, Business Continuity, Data Risk, AML/CTF, regulatory compliance and other non-financial risks that are unique and applicable to the Department
- Support and provide risk and control advisory to HOD / Head of Unit (HOU) / Process Owners with proactive risk prevention strategy by identifying and managing risk at source / emerging risks during departmental strategy planning, product design, system implementation / changes or process changes and embedding effective risk controls in the business processes
- Monitor and report risk indicators / measures, and ensure timely escalation of the department's 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 and policies 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
- Ensure timely assessment, escalation and resolution of operational risk event to minimize potential losses
- Conduct deep-dive into operational risk events through understanding the sequence of events to identify the root cause / control weaknesses for establishing and implementing mitigating controls/preventive action plans
- Support Head RCU/HOD in addressing requirements and audit request of local regulators with respect to non-financial risks and regulatory compliance, ensuring departmental non-financial risk controls and practices are in compliance with the applicable banking laws, regulations, internal policies and procedures
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