Consumer Risk and Control Specialist SG at CIMB Singapore

Singapore, , Singapore -

Full Time

Start Date

Immediate

Expiry Date

03 May, 26

Salary

0.0

Posted On

02 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Risk Control Self-Assessment, Control Effectiveness Testing, Operational Key Risk Indicators, Audit Liaison, Control Issue Management, Regulatory Reporting, Operational Risk Management, Stakeholder Management, Regulatory Compliance, Problem-Solving, Attention to Detail, Collaboration, Versatility, Agility, Result Driven

Industry

Banking

Description

Responsibilities: Strategy and Planning Perform Risk Control Self-Assessment (RCSA) for the Consumer Banking division and ensure suitable controls are implemented to mitigate the identified risks Business Performance and Management Perform monthly independent control effectiveness testing to validate that controls have been implemented effectively across both business and operations units Monitor operational Key Risk Indicator trends and engage business/ops Unit whenever there are breaches or red flags to assess and formulate actions plans to address these risks Assist in all Consumer Banking Singapore audits, both internal and external audit matters. Liaison with auditors, reviewing evidence and responses to any potential observations to be issued prior to submission Review the incidences that occurred as Control Issue Management (CIM) or Loss Event Description (LED) into GRC system and ensure resolution is completed within deadline. To facilitate the creation of Control Issue Acceptance (CIA) with issue owner and the relevant stakeholders and Subject Matter Experts (SME) Provide independent assurance and evaluate risk management effectiveness (e.g., RCSA, KRI, assessments) Assist with preparing, reviewing and validating regulatory reports before submission Provide support to relevant CBGS project initiatives Assist in the implementation of Bank’s risk management/compliance policies and framework for the Consumer Banking division Provide guidance to CBSG business units on operational risk matters Partner Product Managers to provide timely responses to MAS RFIs and consultation papers pertaining to CBGS-related matters (excluding FAA/FSA), and conduct gap analyses whenever new MAS circulars, notices, or guidelines are issued Identify relevant external courses (including those from ABS) that applicable to CBGS staff Represent the Bank in ABS FAIR Committee engagements and participate in discussions with industry partners People Management Work closely with internal functional teams including other departments and stakeholders on audit matters and facilitate acceptance and implementation of any new or revised process/controls/policies Regulatory Compliance Support the implementation of Bank’s risk management/compliance policies and framework for the Consumer Banking division Provide regulatory advisory support to business units within CBSG on regulatory matters Provide inputs for SOPs, GPOC and FSD to ensure compliance with internal and regulatory requirements and efficiency. Assist in all CBGS regulatory reporting and AML Enterprise-wide Risk Assessment (e.g. FATCA, CRS, AML, MAS Ad-Hoc Questionnaires, CRAFT etc.) Requirements: Qualifications Degree/ Diploma Relevant Work Experience Experience in banking/financial industry Technical/Functional Skills Regulatory Knowledge (Monetary Authority of Singapore and preferably Bank Negara Malaysia as well) Operational Risk Management Stakeholder Management Personal Skills (Soft Competencies) Result driven Collaboration and Networking Versatility and Agility Problem-solving skills Strong attention to Details

Responsibilities

The Consumer Risk and Control Specialist is responsible for performing risk assessments, ensuring effective controls are in place, and assisting with audits. The role also involves monitoring risk indicators and providing regulatory compliance support.