VP - Specialist, Operational Risk Management

Job Purpose
This role is to support the risk and control agenda for IBG and International Centres though the execution of the RCSA programme and as policy champion for IBG. 

Key Accountabilities 

• Drive the RCSA programme for IBG and International Centres
• Execute the RCSA exercise for IBG SG
• Perform thematic reviews.
• Champion IBG policy agenda

Job Duties & Responsibilities

• Drive the RCSA programme for IBG and International Centres:
  • Maintain baseline risks and controls for group-wide adoption.  Identify new key risks and controls according to new/changes in policies, processes and systems. Collaborate with Subject Matter Experts to update the existing baseline risks and controls.
  • Maintain Test Sheet Library for group-wide adoption. Create new test sheets and update existing ones.
  • Report annual RCSA results to Group IBG Business Control Committee (BCC) and International Centres Control Committee.
• Execute the RCSA exercise for IBG SG:
  • Plan and coordinate RCSA exercises (annual and agile/event‑driven), including pre‑assessment planning, timelines, and stakeholder engagement.
  • Adopt baseline risk and controls for IBG SG and support functions.
  • Identify and assess key SG-specific risks and controls across business processes, ensuring completeness and accuracy of inherent risk, control effectiveness (DE/OE), and net risk assessments.
  • Facilitate RCSA workshops and discussions with business units and support functions to validate risks, controls, and impact assessments.
  • Document RCSA outcomes in the GRC system, including risk statements, control descriptions, testing results, residual risks, and justifications.
  • Ensure controls are appropriately designed and operating effectively, and that issues, gaps, or deficiencies are identified and recorded as Issues & Actions (I&As) where required.
  • Perform and coordinate independent control testing, ensuring testers are independent of control execution and that testing evidence is adequately documented.
  • Review and challenge RCSA submissions for quality, consistency, and alignment with Group standards prior to sign‑off.
  • Escalate material risks, control weaknesses, and overdue actions to SG IBG BCC.
  • Support management sign‑off on RCSA results by ensuring all relevant stakeholders have reviewed and concurred.
  • Report annual RCSA results to SG IBG BCC.
• Perform thematic reviews:
  • Drive assurance reviews for IBG hot spot areas.
  • Support ad-hoc thematic reviews initiated by other group functions.
• Champion IBG policy agenda:
  • Review and revise relevant policies/standards/guides (PSGs) when IBG is impacted to ensure compliance and relevance to IBG business.
  • Coordinate feedback on new/changes in operational risk related PSGs from locations.
  • Upload IBG PSGs onto Policy Repository.

Required Experience 

Candidates with at least 10 years of experience in internal/external audit in banking sector and operational risk management.

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