Strategy and Policy Advisor
1 week ago
Req ID: 7113
- Job Description:
- Summary
This Data Strategy and Policy Advisor will be instrumental in safeguarding the Bank’s data assets by conducting thorough risk assessments, developing mitigation strategies, and fostering a culture of data awareness across the organisation. The role is expected to ensure the data practices adhere to industry best practices and regulatory requirements, including PDPA, RMIT, MCIPD, IFSA, and future mandates.
**Responsibilities**:
Data Governance and Compliance:
- Promote and enforce data governance best practices throughout the organization.
- Develop and maintain data policies, procedures, and standards in alignment with regulatory requirements and industry best practices.
- Ensure compliance with relevant regulations, including PDPA, RMIT, MCIPD, IFSA, and other applicable standards.
- Conduct data governance awareness training.
- Data Risk Assessments:
- Conduct comprehensive data risk assessments to identify, evaluate, and prioritize potential data-related risks across various data domains and systems.
- Develop and maintain a risk register, tracking identified risks, mitigation plans, and residual risks.
- Analyse data flows and processes to identify vulnerabilities and potential points of failure.
- Risk Mitigation and Strategy:
- Develop and implement effective strategies to mitigate identified data risks.
- Recommend and implement controls to enhance data security and compliance.
- Monitor the effectiveness of risk mitigation measures and adjust strategies as needed.
- Stakeholder Collaboration:
- Collaborate with cross-functional teams, including IT, legal, compliance, and business units, to ensure data governance and risk management initiatives are effectively implemented.
- Communicate complex data issues and risk assessments to stakeholders at all levels of the organisation.
- Any other related duties as instructed by the superior or Head of Division from time to time.
Qualification
Bachelor’s degree in Information Technology or a related field.
Years of Experience
8-10 years of proven experience in risk management, audit, data governance policy and guidelines development, or data security.
Specific Skills/ Knowledge and Certification Required
Strong understanding of data governance principles, risk management frameworks, and data security best practices.
Excellent analytical and problem-solving skills, with the ability to identify and assess complex data risks.
Strong knowledge of relevant data privacy and security regulations (e.g., PDPA, RMIT, MCIPD, IFSA).
Excellent communication and interpersonal skills, with the ability to effectively communicate complex technical information to non-technical audiences.
Ability to work independently and collaboratively in a fast-paced environment
Experience with data governance tools and technologies.
Experience in conducting data privacy impact assessments (DPIAs) is value added.
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