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Risk Management Specialist

🗓️ Posted 2026-08-13 Central Region Full-time Hybrid Banking Financial Services

Company shared salary

NA

Market rate

S$6,000–S$10,000/mo (S$72,000–S$120,000/yr)

Based on similar roles (title + domain + location).

Responsibilities

  • ● Advise and collaborate closely with the business on the identification of potential risks and building strong robust controls and procedures to mitigate risks.
  • ● Play an integral role in the oversight and governance of risk management within the organization.
  • ● Assist in the development, review and provide advice to the first line business units on risk management frameworks, policies and processes aligned with industry standards and regulations.
  • ● Assist with the conduct of risk related training to drive a robust risk-aware culture across the company.
  • ● Collaborate with business units to review and challenge the effectiveness of line one's Risk Controls Self-Assessment (RCSA) and provide guidance where necessary.
  • ● Perform independent review and sample testing on key controls.
  • ● Monitor and report status of remediation action plans developed via Operational Risk Events, RCSA or any other risk related reviews by the second line to Management and Board Risk Committees.
  • ● Define, update and monitor Risk Thresholds, Key Risk Indicators and prepare risk dashboard for Management and Board reporting purposes.
  • ● Undertake and execute risk assessments and verification initiatives.
  • ● Engage stakeholders on risk matters to suggest control improvements.
  • ● Support the Crisis Management Team, Business Continuity Management Team and IT Risk team in various initiatives or other ad-hoc tasks as required.
  • ● Support risk committees and other governance structures responsible for overseeing and monitoring risk related activities across the organization.

Requirements

  • ● Bachelor Degree in related discipline or equivalent industry related experience.
  • ● Possesses a recognized professional qualification in the field of IT or Risk Management (e.g., CIA, CRMA, CERM, CPRM, CISA, CRISC and ITIL) is an advantage.
  • ● At least 5 to 7 years of experience in second line risk function; experience in a regulated financial industry is an advantage.
  • ● Strong knowledge of Risk Management concepts, including Technology Risk Management.
  • ● Strong understanding of the Three Lines of Defence.
  • ● Strong verbal and written communication skills.
  • ● Able to establish effective relationships with peers and stakeholders.
  • ● An excellent team player who is highly motivated and has a strong desire to learn and succeed.