VP, Product & Third-Party Risk Management Specialist

As Singapore’s longest established bank, we have been dedicated to enabling individuals and businesses to achieve their aspirations since 1932. How? By taking the time to truly understand people. From there, we provide support, services, solutions, and career paths that meet their individual needs and desires.

 Today, we’re on a journey of transformation. Leveraging technology and creativity to become a future-ready learning organisation. But for all that change, our strategic ambition is consistently clear and bold, which is to be Asia’s leading financial services partner for a sustainable future.

 We invite you to build the bank of the future. Innovate the way we deliver financial services. Work in friendly, supportive teams. Build lasting value in your community. Help people grow their assets, business, and investments. Take your learning as far as you can. Or simply enjoy a vibrant, future-ready career.

Your Opportunity Starts Here.

As an Operational Risk Management - Product & Third-Party Risk Management Specialist at OCBC, you will play a critical role in identifying and mitigating risks that could impact our business operations. You will work closely with various stakeholders to ensure that our risk management practices are robust and effective, and that we are well-positioned to achieve our strategic objectives.

To succeed in this role, you will need to have a deep understanding of operational risk management principles and practices, with particular expertise in product management and third‑party risk management. You will need to be able to identify and assess potential risks and develop effective mitigation strategies. You will also need to be able to communicate complex risk issues to stakeholders and work collaboratively to implement risk management solutions.

• Govern and manage the New Product Approval (NPA) process, ensuring compliance with Group policies, risk governance standards, and regulatory expectations.

• Implement and maintain the Third-Party Risk Management (TPRM) Policy and Procedure to effectively manage risks arising from third party arrangements, in alignment with regulatory expectations.

• Provide oversight, guidance and ensure consistency in NPA and TPRM governance, documentation, and approval standards across the Group.

• Monitor NPA and TPRM effectiveness and identify areas for process improvement or enhancement.

• Review NPA and TPRM assessments, due diligence outcomes, ongoing monitoring results, incident reports, and control effectiveness.

• Provide independent risk opinions and recommendations relating to NPA and TPRM matters.

• Prepare NPA and TPRM related reports and management information for senior management and governance committees.

• Support internal audit, regulatory reviews, and independent assurance activities related to NPA and TPRM.

• Promote organization wide awareness of NPA and TPRM requirements by designing and delivering NPA and TPRM training and guidance to stakeholders.

• A degree in a relevant field, such as risk management, finance, or business.

• At least 5 years of experience in operational risk management or a related field.

• Strong understanding of operational risk management principles and practices.

• Excellent analytical and problem-solving skills.

• Effective communication and interpersonal skills.

• Ability to work collaboratively with stakeholders to achieve common goals.

Competitive base salary. A suite of holistic, flexible benefits to suit every lifestyle. Community initiatives. Industry-leading learning and professional development opportunities. Your wellbeing, growth and aspirations are every bit as cared for as the needs of our customers.