VP, New Products Management Unit , Operational Risk Management

Employer
OCBC Bank
Location
Singapore, Singapore
Salary
Competitive
Posted
20 May 2022
Closes
03 Jun 2022
Ref
14979502
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
Division Description
Group Risk Management (GRM) is an independent function responsible for ensuring that risk management practices at OCBC Bank are effective and comprehensive.
GRM builds and drives the Bank's businesses through an integrated risk management approach relying on strong risk analytics to support strategic business decision-making and to create a competitive edge for the Group.
This position will be sitting in the Operational Risk Management department of GRM.
Responsibilities
New Product Approval
  • Manage the New Product Approval Process (NPAP) to ensure its effectiveness and efficiency
  • Facilitate the new product internal assessment and approval to ensure adherence to the New Product Approval (NPA) policy, process and timeline requirement
  • Provide NPA policy, process, and system training and communicate all changes to the NPA stakeholders
  • Provide secretariat support to the New Product Approval Committee (NPAC) and NPAP Management Operating System (MOS) Council
  • Provide oversight of Product Management Unit (PMU) International (Malaysia, China and Hong Kong) and OSPL Securities
  • Assess NPAP recommend improvement initiatives where necessary in an Agile manner and Speed-to-Market without any compromise to risk
  • Maintain the NPA policy and procedures, to ensure that they are current and up-to-date
  • Liaison with Audit and Regulators for all NPAP audit related matters
Other areas of responsibilities

Ensure that the following are performed:
  • Provide reports and statistics on NPA to Functional Specialists (FS), NPAP MOS Council, NPAC and CEO
  • Administer NPAP system (e.g., access rights, templates, documentation, and product approval workflows)
  • Facilitate FS in the update of their respective template sections and their call out of any exposed risks or pre-launch conditions required for the new products
  • Maintain listing of Product Developers (PD) and FS, working document and reports related to NPAP
  • Update information in NPAP website
  • Comply with departmental reporting requirements
  • Ensure staff are adequately trained and complete compulsory trainings in a timely manner
  • Prepare and monitor budget for PMU cost centre


Qualifications
  • University degree and/or professional qualification
  • Experience in new products development /risk management in financial industry is a must
  • Good working knowledge of banking products is a must
  • Strong interpersonal, communication, organizational and project management skills with ability to interact with staff of all levels
  • An eye for details with good writing skills, resourceful and have good problem handling abilities
  • Able to conduct classroom training as well as coach individual stakeholders in concepts and process flows

At OCBC, we recognise your drive, passion and talent. We will bring out the best in you and empower you to excel. Fulfil your life goals and career ambitions with us.

*We regret that only shortlisted Candidates will be notified.

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