OCBC is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. Since our incorporation, we have been enabling people and communities to realise their aspirations. This is our purpose.As the second-largest financial services group in Southeast Asia by assets, we hold one of the world’s highest credit ratings: Aa1 by Moody’s and AA- by both Fitch and S&P. Our commitment to excellence has earned us numerous industry accolades, reinforcing our reputation as one of Singapore’s best banks.With a deep history in Asia, we offer the most comprehensive coverage across ASEAN and Greater China, complemented by a presence in the leading economies of New York, London and Sydney. As One Group, we support your ambitions across borders with our deep local knowledge – be it growing your personal wealth or capturing business opportunities – for now, and beyond.OCBC offers private banking services through our wholly-owned subsidiary, Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals.Great Eastern Holdings, our insurance subsidiary, is the oldest and most established life insurance group in Singapore and Malaysia.Lion Global Investors, our asset management subsidiary, is one of the leading asset management companies in Southeast Asia.The Group has over 400 branches and representative offices in 19 countries and regions.Risk Analytics, Intelligence & Surveillance (RAISe) is a dedicated unit within Consumer Financial Services (CFS), reporting to the Head of Risk and Prevention (RNP). The primary objective of the RAISe team is to establish a robust risk surveillance and continuous monitoring framework that facilitates effective and timely risk management for CFS. This will be accomplished by leveraging advanced technology, data analytics, and detection methodologies to proactively identify, assess, and report on material risk trends and incidents.RAISe team collaborates with various CFS business stakeholders to mitigate risks, ensuring compliance with all regulatory and policy requirements while maintaining the overall risk within acceptable appetite levels and achieving strong oversight of CFS risk and controls.The FCO Risk Analyst plays a crucial role in managing, testing, and detecting material risks and control lapses in the daily operations of CFS. Reporting to the HoRNP / HoRAISe, the analyst will have opportunities to rotate, lead, and take ownership in one of the following areas within their respective team:Conducting pulse checks and validating control effectiveness in the Financial Crime and Operational Risk domains.Engaging in continuous surveillance using data to identify risk insights and monitor trends.Testing departmental control procedures and conducting thematic reviews related to Financial Crime and Operational Risk, with exposure to other risk pillars.Presenting to business units on the risk insights, fortifying our risk culture and conduct.As part of their career development within RAISe, the individual is expected to contribute to the unit's success by:Meticulously tracking flagged risks and ensuring thorough follow-up by stakeholders and the team on all required actions for closure.Validating the quality of reviews conducted by business stakeholders and reporting on any material lapses.New ways of risk surveillance – employing advanced techniques to conduct thorough risk surveillance and testing of business process control measures to assess their relevance and effectiveness.Articulating, escalating, and reporting testing and review results to management and business stakeholders, highlighting material findings for risk mitigation and promoting best practices and positive reinforcement.Proactively identify potential new risk insights or trends observed during operations and discussing these with Risk Surveillance Managers for further analysis.The FCO Risk Surveillance Analyst is expected to engage regularly and tactfully with CFS departments during their review, testing, monitoring, and reporting activities, ensuring effective communication and collaboration throughout the process.What we are looking for:Degree holders aspiring to develop a career in risk management and surveillance.Minimum 4 years of risk management, compliance, regulatory or audit experience. Good understanding and grasp of consumer banking products and processes is preferred.
