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Head of Finance Governance and Special Projects SG

Head of Finance Governance and Special Projects SG

CIMBSingapore, Pedra Branca, Singapore
30+ days ago
Job description

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

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    Head Of Finance • Singapore, Pedra Branca, Singapore