Discover your dream Career
For Recruiters
OCBC

VP, Product & Third-Party Risk Management Specialist

OCBC Singapore
Posted 11 days ago Permanent Competitive

VP, Product & Third-Party Risk Management Specialist

OCBC Singapore
WHO WE ARE:
As Singapore's longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

Today, we're on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia's leading financial services partner for a sustainable future.

We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

Why Join As an Operational Risk Management - Product & Third-Party Risk Management Specialist at OCBC, you will play a critical role in identifying and mitigating risks that could impact our business operations. You will work closely with various stakeholders to ensure that our risk management practices are robust and effective, and that we are well-positioned to achieve our strategic objectives.

How you succeed To succeed in this role, you will need to have a deep understanding of operational risk management principles and practices, with particular expertise in product management and third-party risk management. You will need to be able to identify and assess potential risks and develop effective mitigation strategies. You will also need to be able to communicate complex risk issues to stakeholders and work collaboratively to implement risk management solutions.
What you do
  • Govern and manage the New Product Approval (NPA) process, ensuring compliance with Group policies, risk governance standards, and regulatory expectations.
  • Implement and maintain the Third-Party Risk Management (TPRM) Policy and Procedure to effectively manage risks arising from third party arrangements, in alignment with regulatory expectations.
  • Provide oversight, guidance and ensure consistency in NPA and TPRM governance, documentation, and approval standards across the Group.
  • Monitor NPA and TPRM effectiveness and identify areas for process improvement or enhancement.
  • Review NPA and TPRM assessments, due diligence outcomes, ongoing monitoring results, incident reports, and control effectiveness.
  • Provide independent risk opinions and recommendations relating to NPA and TPRM matters.
  • Prepare NPA and TPRM related reports and management information for senior management and governance committees.
  • Support internal audit, regulatory reviews, and independent assurance activities related to NPA and TPRM.
  • Promote organization wide awareness of NPA and TPRM requirements by designing and delivering NPA and TPRM training and guidance to stakeholders.

Who you are
  • A degree in a relevant field, such as risk management, finance, or business.
  • At least 5 years of experience in operational risk management or a related field.
  • Strong understanding of operational risk management principles and practices.
  • Excellent analytical and problem-solving skills.
  • Effective communication and interpersonal skills.
  • Ability to work collaboratively with stakeholders to achieve common goals.

What we offer:
Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.
Job ID  JR00008621
ABOUT COMPANY
Singapore
Retail Banking
The longest-established Singapore bank, we’ve been helping people and businesses get what they want from life since 1932. How? By taking the time to t...
More Jobs From OCBC
OCBC
AVP, Risk and Transformation Lead, Central Services
OCBC
Singapore
7 days ago Full time Competitive
OCBC
AM, Audit Manager, Group Governance and Corporate Functions Audit
OCBC
Singapore
2 days ago Full time Competitive
OCBC
AVP, Operational Risk Manager - Division
OCBC
Singapore
11 days ago Full time Competitive
OCBC
VP, AML Investigations Team, Global Consumer Financial Services
OCBC
Singapore
4 days ago Full time Competitive
OCBC
International Wealth Premier Manager (North Asia)
OCBC
Singapore
5 days ago Full time Competitive

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
More Jobs Like This