• Competitive
  • Singapore
  • Permanent, Full time
  • OCBC Bank
  • 2018-05-20

VP, Group Data Validation Manager, Group Risk Management Division Management Office

VP, Group Data Validation Manager, Group Risk Management Division Management Office

The role is expected to work with a specialised team to design and implement an enterprise-wide Compliance Certification Methodology. The role reports to the Group Head of Data Validation and will be directly responsible for managing the end to end compliance certification cycle. The primary purpose of Group Data Validation is to certify that OCBC meets the full scope of BCBS 239 requirements. BCBS 239 principles aim to ensure the Risk Aggregation and Risk Reporting practices of the bank are effective in leveraging data as an enterprise asset to support its strategic decision-making and actions.

The function includes the following responsibilities:

- Design and implement the enterprise-wide Compliance Certification Methodology

- Create and maintain a testing repository covering all aspects of BCBS 239 compliance

- Manage and plan a schedule of compliance tests, facilitate testing, review and challenge results and provide an overall assessment of compliance

- Facilitate relevant working groups to monitor implementation, share best practice and challenge existing methods

- Participate as observer in relevant risk and functional committees

- Produce professional and reliable status reports of compliance for Senior Management, Board Committee's and/or Regulatory consumption

- Escalate and report ongoing status of compliance including monitoring the aging and remediation of gaps

- Liaise with Group Audit on material deficiencies to ensure risks are managed according to strategic BCBS 239 plans

- Create a system of validation records and evidence that is robust, auditable and efficient

In addition this role will:

- Maintain expert knowledge of BCBS 239 requirements and awareness of industry level best practice and direction
- Deputise for the Group Head of Data Validation
- Ensure validation testing is completed and timely delivery of reports, escalations and challenges
- Manage and mediate agreement with key stakeholders to ensure a collaborative approach to validation outcomes
- Perform a robust challenge and assessment of testing results to ensure Group and Regulatory bodies receive a reliable and trusted report


- 5-10 years of related working experience in the areas of compliance, control validation or audit
- Experience in data-related control, governance and management is a bonus
- General appreciation of data management principles, as well as commercial banking products
- Good communication skills, and ability to work with multiple stakeholders
- Strong problem-solving skills and an ability to prioritise and manage multiple tasks
- Excellent Operational Risk process and control design mind-set
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