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.
Roles and Responsibilities
- Responsible for accurate and timely preparation of risk reports and market data update. Monitor trading activities against approved limits (e.g. VaR, stop-loss, position limits)
- Provide independent second-line oversight over front office trading activities and challenge excessive or unusual risk-taking behaviour
- Identify market risk concentrations, perform market risk analysis & monitor limit utilizations. Ensure timely escalation of limit breaches and remediation of actions.
- Responsible for UAT testing of new products, system upgrades, change in model, change in curves/methodologies to ensure correct risk identifications, measurements, implementations, and reporting.
- Perform annual review and alignment of risk policies/procedures to Head Office, incorporating local regulatory requirements.
- Ensure adherence to market risk processes and regulations (e.g. Bank Negara Malaysia, MAS, Securities Commission where applicable)
- Identify gaps/weaknesses in market risk processes and facilitate resolution of any governance, controls, audit & regulatory issues.
- Support internal/external audit reviews and regulatory requests
- Participate in process changes and initiatives of MRM.
Requirements
- Preferably more than 5 years experience in market risk management field.
- Degree in Finance, Mathematics, Banking, Economics or related fields.
- Working knowledge of Market Risk/Product Control processes and related Bank Negara Malaysia (BNM) regulatory requirements.
- Good knowledge in Treasury products across asset classes with experience in handling discussion with traders.
- Possess end-to-end process and control mindset. Ability to translate regulatory and policy requirements into operational workflows.
- Proficiency in MS Excel, MS Powerpoint, MS Word, Bloomberg.
- Familiar with front office systems (Murex), VBA and Power BI is an advantage.
- Excellent team player with good communication skills.
- Good spoken and written English.
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.
Skills Required
- Degree in Finance, Mathematics, Banking, Economics or related field.
- Working knowledge of Market Risk/Product Control processes and Bank Negara Malaysia (BNM) regulatory requirements.
- Good knowledge of treasury products across asset classes and ability to engage with traders.
- End-to-end process and control mindset; translate regulatory and policy requirements into operational workflows.
- Proficiency in Microsoft Excel, PowerPoint, Word, and Bloomberg.
- More than 5 years' experience in market risk management (preferable).
- Familiarity with front office systems (Murex).
- Experience with VBA scripting.
- Experience with Power BI.
- Excellent team player with strong verbal and written English communication skills.
What We Do
OCBC 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 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. OCBC and its subsidiaries offer a broad array of commercial banking, specialist financial and wealth management services, ranging from consumer, corporate, investment, private and transaction banking to treasury, insurance, asset management and stockbroking services. OCBC’s key markets are Singapore, Malaysia, Indonesia and Greater China. It has more than 570 branches and representative offices in 19 countries and regions. These include about 300 branches and offices in Indonesia under subsidiary Bank OCBC NISP, and over 90 branches and offices in Mainland China, Hong Kong SAR and Macau SAR under OCBC Wing Hang. OCBC’s private banking services are provided by its wholly-owned subsidiary Bank of Singapore, which operates on a unique open-architecture product platform to source for the best-in-class products to meet its clients’ goals. OCBC's insurance subsidiary, Great Eastern Holdings, is the oldest and most established life insurance group in Singapore and Malaysia. Its asset management subsidiary, Lion Global Investors, is one of the largest private sector asset management companies in Southeast Asia.
