116 Risk Assessment jobs in Singapore

Role & Job purpose

As a Risk Assessment Specialist, you will play a critical role in ensuring Wise's adherence to regulatory and compliance standards. You will be responsible for mitigating risks associated with high risk customers, while maintaining compliance with AML/CTF regulations, and internal policies according to Wise's risk appetite. The Risk Assessment Specialist has an advanced understanding of inherent risks tied with complex business structures, various customer types and activities, country-specific risks and their appropriate mitigating strategies. This role is a great opportunity for people who are interested in deepening their expertise in the KYC/AML domain.

Job Responsibilities

• Act as an end point for all escalations from other compliance operations teams, assessing customers' risks and applying risk based approach methodologies;
• Mentor and consult other compliance operations teams and act as a subject matter expert in complex cases;
• Perform risk assessment and enhanced due diligence on complex and high risk customers, document and provide thorough analysis on potential risks and apply appropriate mitigation measures by analyzing their business activities, compliance programs and controls;
• Review and analyze documentation, such as AML, Sanctions, EDD, KYC, and Acceptable Use policies (customers under review), comparing them against Wise's policies and internal risk-based approach;
• Assess the customer's potential reputational and financial crime risk to Wise from Sanctions, PEP, and adverse media perspective;
• Coming up with new and better risk mitigation methods and improving our compliance framework and controls while working closely with Product and FinCrime;
• Escalate and report compliance concerns to Financial Crime Oversight and other compliance teams where necessary;
• Communicate with internal and external partners/stakeholders to facilitate scalable, compliant business onboarding growth;
• Work closely with other functions to on-board high risk companies, update on review statuses, communicate compliance concerns, and answer queries and concerns from relevant stakeholders;
• Work with product teams, operational leads, and compliance teams to manage operational impact of changes, increase operational efficiencies, and improve the customer experience;
• Be accountable for the quality assurance of the Risk Assessment team, taking decisions within our policy framework, and working with compliance to evolve processes;
• Distill concerns or issues identified from relevant operational incidents and report these findings to senior management with recommended actions to address deficiencies;
• Support team leads on implementation and delivery of ad-hoc project work, participate in enhancing the compliance management knowledge of colleagues;
• Assist the team at various deep dives and audits at regional level when required.

Qualifications

• Excellent verbal and written English skills (additional language skills are a plus) with the ability to clearly articulate your thoughts;
• A minimum of 3+ years of relevant industry experience, ideally in financial services, compliance roles or at a financial services regulator;
• Work autonomously within a limited variety of well-defined procedures and practices (not necessarily standardized);
• Ability to take difficult decisions, work with uncertainty, deal with unknowns, and coordinate various sources of information within and outside the organization;
• Ability to take decisions and apply risk-based approach at your work
• Capable of identifying gaps in policies and processes and liaise as necessary with the team, other business units and stakeholders to resolve relevant issues;
• Excellent interpersonal and communication skills, strong organizational skills, attention to detail, analytical abilities, and ability to adhere to strict deadlines in a fast paced and high pressure environment;
• Punctual, resourceful, proactive, enthusiastic and willing to get things done;
• Ability to work in a diverse work environment which requires collaboration, partnership and transparency;
• Understanding of regional and global regulatory requirements and essentials of risk based approach;
• Strong analytical and problem solving capabilities;
• Strong stakeholder management and interpersonal skills;
• analytical skills, with the ability to provide practical and realistic solutions for minimizing risk;
• Comfortable working in a rapidly changing and complex work environment.

Nice to have:

• Education: Bachelor's degree in Finance, Business Administration, Law, or related field
• Certifications: ICA, CAMS, or equivalent certification (EDD/AML focused)

Job Title: Senior Risk Assessment Specialist

We are seeking a highly skilled and experienced Senior Risk Assessment Specialist to join our team. As a key member of our organization, you will play a crucial role in identifying and mitigating risks associated with client onboarding and due diligence.

About the Role:

• Lead risk assessment teams to analyze client information and identify potential risks.
• Develop and implement effective risk mitigation strategies to ensure compliance with regulatory requirements.
• Collaborate with cross-functional teams to share knowledge and best practices.

Requirements:

• Mastery of MAS Notice 626 (AML/CFT requirements) and guidelines for Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD).
• Expert ability to analyze and validate the legitimacy of a client's accumulated wealth.
• Verification of the origin and purpose of transferred funds, ensuring consistency with the client's profile.
• Understanding of different financial products' risk profiles under the AML framework.
• Analytical and investigative skills to identify inconsistencies between client-provided information and supporting evidence.
• Excellent communication and documentation skills to present findings and recommendations effectively.

What We Offer:

• A competitive salary and benefits package.
• The opportunity to work with a dynamic team of professionals.
• A collaborative and supportive work environment.

Note: The successful candidate must have a strong understanding of risk management principles and be able to communicate complex ideas clearly. We are an equal opportunities employer and welcome applications from all qualified candidates.

Role & Job purpose

As a Risk Assessment Specialist, you will play a critical role in ensuring Wise's adherence to regulatory and compliance standards. You will be responsible for mitigating risks associated with high risk customers, while maintaining compliance with AML/CTF regulations, and internal policies according to Wise's risk appetite. The Risk Assessment Specialist has an advanced understanding of inherent risks tied with complex business structures, various customer types and activities, country-specific risks and their appropriate mitigating strategies. This role is a great opportunity for people who are interested in deepening their expertise in the KYC/AML domain.

Job Responsibilities

• Act as an end point for all escalations from other compliance operations teams, assessing customers' risks and applying risk based approach methodologies;
• Mentor and consult other compliance operations teams and act as a subject matter expert in complex cases;
• Perform risk assessment and enhanced due diligence on complex and high risk customers, document and provide thorough analysis on potential risks and apply appropriate mitigation measures by analyzing their business activities, compliance programs and controls;
• Review and analyze documentation, such as AML, Sanctions, EDD, KYC, and Acceptable Use policies (customers under review), comparing them against Wise's policies and internal risk-based approach;
• Assess the customer's potential reputational and financial crime risk to Wise from Sanctions, PEP, and adverse media perspective;
• Coming up with new and better risk mitigation methods and improving our compliance framework and controls while working closely with Product and FinCrime;
• Escalate and report compliance concerns to Financial Crime Oversight and other compliance teams where necessary;
• Communicate with internal and external partners/stakeholders to facilitate scalable, compliant business onboarding growth;
• Work closely with other functions to on-board high risk companies, update on review statuses, communicate compliance concerns, and answer queries and concerns from relevant stakeholders;
• Work with product teams, operational leads, and compliance teams to manage operational impact of changes, increase operational efficiencies, and improve the customer experience;
• Be accountable for the quality assurance of the Risk Assessment team, taking decisions within our policy framework, and working with compliance to evolve processes;
• Distill concerns or issues identified from relevant operational incidents and report these findings to senior management with recommended actions to address deficiencies;
• Support team leads on implementation and delivery of ad-hoc project work, participate in enhancing the compliance management knowledge of colleagues;
• Assist the team at various deep dives and audits at regional level when required.

Qualifications

• Excellent verbal and written English skills (additional language skills are a plus) with the ability to clearly articulate your thoughts;
• A minimum of 3+ years of relevant industry experience, ideally in financial services, compliance roles or at a financial services regulator;
• Work autonomously within a limited variety of well-defined procedures and practices (not necessarily standardized);
• Ability to take difficult decisions, work with uncertainty, deal with unknowns, and coordinate various sources of information within and outside the organization;
• Ability to take decisions and apply risk-based approach at your work
• Capable of identifying gaps in policies and processes and liaise as necessary with the team, other business units and stakeholders to resolve relevant issues;
• Excellent interpersonal and communication skills, strong organizational skills, attention to detail, analytical abilities, and ability to adhere to strict deadlines in a fast paced and high pressure environment;
• Punctual, resourceful, proactive, enthusiastic and willing to get things done;
• Ability to work in a diverse work environment which requires collaboration, partnership and transparency;
• Understanding of regional and global regulatory requirements and essentials of risk based approach;
• Strong analytical and problem solving capabilities;
• Strong stakeholder management and interpersonal skills;
• analytical skills, with the ability to provide practical and realistic solutions for minimizing risk;
• Comfortable working in a rapidly changing and complex work environment.

Nice to have:

• Education: Bachelor's degree in Finance, Business Administration, Law, or related field
• Certifications: ICA, CAMS, or equivalent certification (EDD/AML focused)

As a Risk Assessment Team Lead you will develop and oversee the daily operations of a team of Risk Assessment Specialists. Your team is responsible for mitigating risks associated with high risk customers. This area has a strong focus on maintaining compliance with AML/CFT regulations, and internal policies according to Wise's risk appetite. The Risk Assessment Specialists have an advanced understanding of inherent risks tied with complex business structures, various customer types and activities, country-specific risks and their appropriate mitigating strategies.

The Risk Assessment Team Lead is a people lead with a mindset that allows them to build processes that put our customers first while being aware of the risks surrounding the industry, specific products, and requirements set to us by regulations and partners.

Job Responsibilities

• Team Leadership

Lead by example and drive a customer focused mindset across your team as well as the wider organisation. Promote a culture of ownership and accountability. Build high-performing teams that value knowledge sharing and continuous learning
- People management

Coach and develop a strong team of Risk Assessment Specialists. Come up with initiatives to help your team to grow their skills, behaviours, and competencies. Design and manage development plans on identified opportunities. Conducts career map check-ins and makes recommendations for promotions, salary raises, and other decisions.
- Operational managementIdentify and propose opportunities for process improvements. Collaborate with central functions and other operational teams as needed to increase operational efficiency. Provide guidance and support on complex, high-risk cases and escalations. Be on top of admin related tasks including but not limited to scheduling, training, hiring, interviewing, organising team activities, and others.
- Performance management

Measure team KPIs and ensure performance targets and quality standards are met while maintaining focus on customer experience. Conduct regular one on one coaching sessions, usually on a weekly or biweekly basis. Run team meetings to ensure that your team is kept up to date with the latest information, share best practices and enhance overall team spirit.
- Expertise Sharing

Be a subject matter expert in KYC and financial crime areas with the ability to train and coach your team on operational topics. Maintain a comprehensive understanding of our regulatory obligations, internal policies. Apply a risk-based approach to deterring and preventing money laundering and financial crime. Able to perform deep dives, understand root causes of problematic cases and propose solutions to senior leadership. Able to assist senior leadership with audits and developing our policies and processes.
- Planning and execution

Ensure key performance indicators are being met and provide insights to other stakeholders. Take full accountability in delivering your own initiatives and making sure your team is making progress on their goals.
- Stakeholder management and communication

Collaborate closely with your stakeholders ensuring clear communication and coordination of actions. Your initiatives and reports are well documented and you choose the right platforms to communicate to a wider audience in a timely manner. The documentation has a clear scope and includes potential impact in different areas. You can communicate confidently with difficult stakeholders. Proactively work on improving cross-team communication, acting as the liaison between different layers of the organization and your own team leads.a

Qualifications

Requirements

• Excellent verbal and written English skills (additional language skills are a plus) with the ability to clearly articulate your thoughts.
• A minimum of 3+ years of experience in KYC/AML, financial crime, compliance, or a related field within the financial services industry.
• At least 1-2 years of leading small to medium sized teams.
• Great understanding of the regulatory framework surrounding KYC/AML.
• You are familiar with money laundering methods and other financial crime trends
• You can build an environment where your team is incentivised to make decisions and apply risk-based approach to their work
• You are punctual, independent, proactive and willing to get things done.
• You have excellent communication and interpersonal skills, strong organisational skills, great time management, and ability to work in a fast paced and high pressure environment.
• Ability to multi-task and take responsibility in challenging situations;
• You are capable of identifying gaps in policies and processes and providing detailed feedback, including examples when possible, through the established communication channels.
• Proven track record of taking individual ownership and responsibilities as well as being a great team-player.
• Ability to analyze and move of team's metrics

As a Risk Assessment Team Lead you will develop and oversee the daily operations of a team of Risk Assessment Specialists. Your team is responsible for mitigating risks associated with high risk customers. This area has a strong focus on maintaining compliance with AML/CFT regulations, and internal policies according to Wise's risk appetite. The Risk Assessment Specialists have an advanced understanding of inherent risks tied with complex business structures, various customer types and activities, country-specific risks and their appropriate mitigating strategies.

The Risk Assessment Team Lead is a people lead with a mindset that allows them to build processes that put our customers first while being aware of the risks surrounding the industry, specific products, and requirements set to us by regulations and partners.

Job Responsibilities

• Team Leadership
  
  Lead by example and drive a customer focused mindset across your team as well as the wider organisation. Promote a culture of ownership and accountability. Build high-performing teams that value knowledge sharing and continuous learning
• People management
  
  Coach and develop a strong team of Risk Assessment Specialists. Come up with initiatives to help your team to grow their skills, behaviours, and competencies. Design and manage development plans on identified opportunities. Conducts career map check-ins and makes recommendations for promotions, salary raises, and other decisions.
• Operational managementIdentify and propose opportunities for process improvements. Collaborate with central functions and other operational teams as needed to increase operational efficiency. Provide guidance and support on complex, high-risk cases and escalations. Be on top of admin related tasks including but not limited to scheduling, training, hiring, interviewing, organising team activities, and others.
• Performance management
  
  Measure team KPIs and ensure performance targets and quality standards are met while maintaining focus on customer experience. Conduct regular one on one coaching sessions, usually on a weekly or biweekly basis. Run team meetings to ensure that your team is kept up to date with the latest information, share best practices and enhance overall team spirit.
• Expertise Sharing
  
  Be a subject matter expert in KYC and financial crime areas with the ability to train and coach your team on operational topics. Maintain a comprehensive understanding of our regulatory obligations, internal policies. Apply a risk-based approach to deterring and preventing money laundering and financial crime. Able to perform deep dives, understand root causes of problematic cases and propose solutions to senior leadership. Able to assist senior leadership with audits and developing our policies and processes.
• Planning and execution
  
  Ensure key performance indicators are being met and provide insights to other stakeholders. Take full accountability in delivering your own initiatives and making sure your team is making progress on their goals.
• Stakeholder management and communication
  
  Collaborate closely with your stakeholders ensuring clear communication and coordination of actions. Your initiatives and reports are well documented and you choose the right platforms to communicate to a wider audience in a timely manner. The documentation has a clear scope and includes potential impact in different areas. You can communicate confidently with difficult stakeholders. Proactively work on improving cross-team communication, acting as the liaison between different layers of the organization and your own team leads.a

Qualifications

Requirements

• Excellent verbal and written English skills (additional language skills are a plus) with the ability to clearly articulate your thoughts.
• A minimum of 3+ years of experience in KYC/AML, financial crime, compliance, or a related field within the financial services industry.
• At least 1-2 years of leading small to medium sized teams.
• Great understanding of the regulatory framework surrounding KYC/AML.
• You are familiar with money laundering methods and other financial crime trends
• You can build an environment where your team is incentivised to make decisions and apply risk-based approach to their work
• You are punctual, independent, proactive and willing to get things done.
• You have excellent communication and interpersonal skills, strong organisational skills, great time management, and ability to work in a fast paced and high pressure environment.
• Ability to multi-task and take responsibility in challenging situations;
• You are capable of identifying gaps in policies and processes and providing detailed feedback, including examples when possible, through the established communication channels.
• Proven track record of taking individual ownership and responsibilities as well as being a great team-player.
• Ability to analyze and move of team's metrics

Military Security Department

Permanent

What the role is

You will be part of a team that conducts audits and evaluates risk-handling of MINDEF/ SAF'S information.

What you will be working on

You will be part of a team to formulate and review risk assessment frameworks and indicators; conduct security risk assessments of industries and qualify industries and facilities to handle classified information. You will also be mitigating risks to an acceptable level.

What we are looking for

You should have a tertiary education, be resourceful and possess good interpersonal and communication skills. Prior experience in security management/risk assessment would be advantageous.

About Military Security Department

The Military Security Department (MSD)'s core business is in Counter Intelligence and internal security for MINDEF/SAF. MSD was formed in 1975 to counter the threats of espionage, subversion and sabotage against MINDEF/SAF. It began with two main entities, namely the Counter Intelligence Branch (CIB) and Field Security Branch (FSB). Over the years, the department has continued to evolve and our roles expanded in tandem with the changing security environment. Today, our roles also include Counter Terrorism and Cyber Security.

About your application process

If you do not hear from us within 4 weeks of the job ad closing date, we seek your understanding that it is likely that we are not moving forward with your application for this role. We thank you for your interest and would like to assure you that this does not affect your other job applications with the Public Service. We encourage you to explore and for other roles within Military Security Department or the wider Public Service.

Job Description

Reporting to the Chief Risk Officer, we are currently looking for a risk professional with CCP Clearing Risk and modelling experience to join the Risk Management Department.

Key Duties and Responsibilities

• Manage APEX's clearing risks effectively and comprehensively in line with approved Risk policies.
• Review and update risk policies and procedures to align with IOSCO-PFMI guidelines, regulatory requirements, and directives from the Board Risk Committees.
• Maintain and improve appropriate risk models such as margining, collateral, and stress testing for APEX, which is the key responsibility for this role.
• Identify opportunities and/or gaps to enhance data quality and existing reporting processes.
• Conduct day shift and night shift duties regarding clearing risk management as per required.
• Handle end-of-day stress test reports, back test reports, liquidity risk reports, bank counterparty and Guaranty Fund reports, etc.
• Review and test APEX's contingency plans, including default management and recovery plans, to ensure smooth operability.
• Conduct credit scoring to rate APEX's members and counterparties.
• Conduct regular risk reporting, including monthly, quarterly, and annual reports.
• Execute enterprise risk management tasks as arranged by the Chief Risk Officer.
  Perform any other duties assigned by the Chief Risk Officer from time to time.

Requirements:

• University degree or above with at least 5 years of experience managing the risks of a clearing house or future brokerage, or equivalent experience.
• Good understanding of financial products such as futures and options.
• Strong knowledge of margining, risk models and methodologies.
• Strong quantitative skills, preferably with working knowledge of programming languages / software such as Excel, Python and VBA.
• Motivated and able to produce quality work under pressure.
• Strong analytical ability to analyze risk related issues and deal with complexity and ambiguity.
• Strong communicator with oral, written and presentation abilities in English and Mandarin.
• Good communication and interpersonal skills, positive team player.
• Professional qualifications like CFA, FRM will be considered favorably.

Responsibilities

• Manage interest risk liquidity risk, market risk, in compliance with the requirements of the head office and regulatory authorities.
• Ensure prompt and timely completion of daily monitoring, monthly, quarterly tasks and reports for internal and Head Office.
• Identify and address data quality issues to all relevant stakeholders, including but not limited to Treasury and or Management
• Maintain and performs periodic review of policies and process ensuring alignment with Local and Head Office requirements
• Monitor the relevant risk indicators within the defined limits.
• Provides analytical support for relevant stakeholders.
• Identification of risk drivers and assess their impact on liquidity positions.
• Involved in system integration of HO project, to ensure smooth transition and report accuracy upon the new system migration.
• Address issues raised by auditors and MAS relating to market risk, liquidity risk and interest risk.

Requirements

• A recognized degree
• Minimum 4 years of market / liquidity /interest risk experience in the Banking Industry;
• Good understanding of market / liquidity/interest risk regulatory requirements;
• Meticulous, versatile, good interpersonal skills, excellent communication skills;
• Able to work independently with minimal supervision;
• Ability to work independently and under pressure;
• Skilled at handling data, be proficient in using VBA and other data processing tools.
• Be familiar with Bloomberg system.

Interested candidates please email resume in MS Word format to

Please state your last drawn and expected package, relevant skill sets and the position you are applying for.

Resumes collected will be kept in strict confidence and used for recruitment purposes only.

Responsibilities

• Innovative Development: Build risk management models including simulation of diverse market environments.

• Risk Assessment: Implement tests to validate models and assess various risks under stressed scenarios.

• Market Analysis: Monitor and manage market liquidity risks, insolvency risks, and other specific risks.

• Strategic Design: Design methodologies/models for risks volatility and product pricing.

• Collaboration: Communicate effectively within and across teams to align project requirements and visions.

• Client Satisfaction : Execute client requests such as risk models' testing, simulations, portfolio rebalancing/transitions, portfolio style analysis and portfolio risk decomposition, and exposure management.

Requirements

• Mathematical Expertise: Strong foundation in mathematics, especially in probability theory, statistics, and numerical methods.

• Financial Acumen: Good understanding of financial derivatives, market microstructure, and options pricing models.

• Technical Skills: Proficiency in quantitative programming languages such as Python, C++, or Go, with a strong focus on back-testing, simulation, and statistical analysis.

• Independent Thinking: Ability to think independently and articulate complex ideas clearly and accurately.

• Machine Learning: Exposure to machine learning techniques and their application to financial data would be beneficial.