Head of Finance Governance and Special Projects SG

Key Responsibilities:

Compliance Oversight:

• Act as the primary point of contact within the Finance department for all compliance-related matters, including regulations, internal policies, and procedures.
• Provide expert advice and guidance to Finance teams on the interpretation and implementation of compliance requirements.
• Monitor and assess the impact of new and changing regulations relevant to the Finance function.
• Develop and implement compliance monitoring programs specific to Finance activities.
• Review and approve new products, processes, and initiatives within Finance from a compliance perspective.
• Facilitate and coordinate compliance training and awareness programs for Finance staff.
• Manage and respond to compliance-related inquiries and escalations within Finance.
• Assist in the preparation for and management of regulatory examinations and audits related to Finance compliance.
• Report compliance breaches and issues to the appropriate stakeholders and track remediation efforts.

Operational Risk Management:

• Serve as the key operational risk contact for the Finance department.
• Facilitate the identification, assessment, and documentation of operational risks and associated controls within Finance processes.
• Support the implementation and maintenance of the bank's operational risk framework within the Finance department.
• Develop / enhance policies and evaluate Standard Operating Procedures (SOPs) to ensure that control activities are fully documented and are being complied through periodic reviews.
• Review and challenge the design and effectiveness of operational risk controls.
• Monitor key risk indicators (KRIs) and escalate breaches or trends.
• Support the development and implementation of action plans to mitigate identified operational risks.
• Participate in risk and control self-assessments (RCSAs) and other risk assessment activities within Finance.
• Oversees the Control Issue Management (CIM) and Loss Event Database (LED) review and reporting process by performing root cause analysis and developing strategic action plans to prevent recurrence.
• Promote a strong operational risk culture within the Finance department.

Liaison and Collaboration:

• Act as a liaison between the Finance department and Compliance, Risk, Internal Audit, and other relevant control functions.
• Collaborate with other second-line-of-defence functions to ensure a consistent and integrated approach to compliance and risk management.
• Participate in relevant bank-wide compliance and risk committees and working groups.

Reporting and Governance:

• Prepare and present regular reports on compliance and operational risk matters to Finance management and relevant committees.
• Escalate significant compliance and operational risk issues to senior management in a timely manner.
• Contribute to the development and maintenance of relevant policies and procedures.

Others:

• Performs other functions that may be assigned from time to time.

Required Competencies and Skills:

• At least 10 years relevant experience with regulatory reporting and operational risk requirements relevant to the Finance function, or in a bank.
• Knowledge of financial products, services, and processes within a bank.
• Familiarity with risk management frameworks and methodologies.
• Experience in conducting compliance reviews and risk assessments.
• Strong communication, interpersonal and project management skills.
• Strong problem-solving skills and the ability to exercise sound judgement and make decisions based on accurate and timely analyses.
• Strong leadership visionary in guiding the Finance teams towards operational excellence