Team Lead, Group Operational Risk Management Team Lead, Group Operational Risk Management …

Great Eastern Life Assurance Co Ltd
in Singapore
Permanent, Full time
Last application, 28 Jul 21
Competitive
Great Eastern Life Assurance Co Ltd
in Singapore
Permanent, Full time
Last application, 28 Jul 21
Competitive
Team Lead, Group Operational Risk Management
Job Purpose

You will report to Head, Group Regulatory Compliance & ORM. Lead a team to carry out Group ORM functions and to drive an effective and efficient ORM programme across the Great Eastern Group.

The Job

  • Develop and review Operational Risk Management Framework and related methodologies and ensure proper communication, implementation and compliance of the related frameworks, policies and guidelines.
  • Lead a team and oversee the roll out of various operational risk related initiatives or tools and provide risk advisory to business units. Establish mechanism to monitor effective execution of the initiatives to ensure that the outcomes are in line with the defined objectives.
  • Embed risk awareness culture across Great Eastern through various risk tools e.g. RCSA, KRI, quality assurance reviews.
  • Lead thematic risk reviews to identify areas of risks and control improvement recommendations.
  • Partner with business divisions to identify and document operational practices and gaps, and to develop risk management strategies, controls, and programmes to manage these risks.
  • Lead the design and production of Operational Risk Management Dashboard and data analytics capability to meet risk analysis and reporting needs to escalate key operational risk issues.
  • Participate in cross functional projects to provide second line oversight and guidance.
  • Support the preparation of the Board and Management Risk Meetings.
  • Provide operational risk management support to local Risk Management and oversight on the implementation of group operational risk management framework to the subsidiaries.
  • Participate in the implementation of systems and tools to support enterprise risk management initiatives.
  • Develop and conduct training programs to deepen the understanding of operational risk concepts and management
  • Undertake any other tasks and responsibilities as directed from time to time.
  • Maintains awareness of emerging risks and regulatory developments in order to understand the risks and enhance the ORM methodologies to safeguard the company.
  • Take accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
  • Highlight any potential concerns/risks and proactively shares best risk management practices.
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