Operational Risk (Contract)

08 May 2020

Operational Risk (Contract)

Our client, a reputable Global Bank is looking to hire for a Operational Risk role for a 1 year contract.


  • Assists with designing and implementing a risk framework tailored to a digital bank.
  • Be the reference for facilitating and promoting the understanding of risk requirements.
  • Leads and supports the implementation of risk initiatives.
  • Helps design and implement control measures and monitoring plans for compliance and risk management.
  • Ensures risks and issues identified are resolved in an appropriate and timely manner.
  • Continuously improve the operational efficiency and effectiveness of risk processes.
  • Leads and drives standardisation and automation through re-engineering and process improvement.


  • Drives risk implementation and supports its compliance across all Principal Risk Types, primarily Operational and Information and Cybersecurity (ICS) risks, working with various stakeholders to ensure a robust and well-controlled risk ecosystem.

a. Process Map Definition: drafts/contributes to the design of process maps in consultation with Process Owner(s),

b. Potential Failure Identification: performs threat, risk, cause, potential failure identification in relation to operational risks emanating from a fully digital, technology centric operation

c. Gross Risk Assessment: performs gross risk assessment generating gross risk ratings

d. Control Design Assessment: devises and implements effective preventive measures by designing controls and metrics producing risk register, process universe with controls mapped,

e. Control Implementation: implements controls working with functional teams and development squads and embeds them as a part of the platform design,

f. Control Testing: performs and captures results of control testing where necessary

g. Residual Risk Assessment: performs residual risk assessment; ensures identified control deficiencies are mitigated with preventive measures

h. Risk Acceptance: drafts risk acceptance committee or working forum papers based on Group Control Assessment Standards

  • ­Records the result of control testing, report exceptions, performs residual risk assessments and ensure identified control deficiencies are mitigated with preventive measures.


  • ­3-5 years of Operational risk experience within Retail Banking, digital platform, Information & Cybersecurity Risk (ICS) , technology environment.
  • Experience in high level process orientation .
  • Good understanding of Technology, system design and development concept
  • Ability to explain theoretical concepts to team members with varying backgrounds.
  • Good knowledge of retail banking products with a particular focus on digital products, functions, features and processes
  • Good understanding of industry trends and developments including impact on the business.

Due to the nature of the role, only Singaporeans or Singapore PRs will be considered.

If you are interested in this position, please apply today or email Constance Cho ccho@morganmckinley.com.sg

Morgan McKinley Pte Ltd

Constance Cho

EA License - 11C5502

Reg No - R1876688

Constance Cho - R1876688's picture
Delivery Consultant | Banking Operations & Financial Services Corporate Governance
Singapore +65 6818 3178 | ccho@morganmckinley.com