Patrick Chew

Senior Vice President
Head, Group Operational Risk Management
Group Risk Management
Oversea-Chinese Banking Corporation Limited

IBF Fellow (2016)

Risk Management

"Developing a talent pool of skilled and competent operational risk practitioners is crucial for any financial institution to meet the changes posed by the ever evolving ops risks landscape. Coupled with a strong in-house programme, the IBF Standards and Certification programmes provide just the right formula to develop and groom a pipeline of such professionals. And with this strong collaboration, my wish is for a strong risk culture to take root in each financial institution and across the industry."

Biography

​Patrick is currently the Head of Operational Risk Management for OCBC Bank. His role is to promote a strong risk culture by providing a holistic approach to address the risks of loss resulting from inadequate or failed internal processes, people practices, and systems or from external events.

In addition, Patrick contributes actively at the industry level through participating in various ABS committees and task forces. In 2015, Patrick chaired the ABS Outsourcing Task Force which led to the successful release of the "ABS Outsourcing Guidelines".

Aligned with the industry's call to grow a core of highly competent risk managers, Patrick led his team to collaborate with IBF and NUS-RMI to develop a multi-year operational risk management programme.  The OCBC ORP Accreditation Programme is first of its kind in the industry. This has gained strong traction and more than 500 bank staff have been trained via the programme. This healthy pipeline of graduates will grow the talent pool for operational risk management professionals for both OCBC and the industry over time.

A financial industry veteran with 30 years' experience that span from Technology, to Consumer Banking and now to Operational Risk Management. Ever to challenge axioms, Patrick has a track record for being a change agent that brought about improvements and innovations for areas under his leadership.

Recognising the inroads made in its holistic approach towards operational risk management, The Asian Banker accorded OCBC "Achievement in Operational Risk Management" for consecutive years 2015 and 2016.

Patrick was conferred the IBF Fellow award in 2016 by the Institute of Banking and Finance Singapore (IBF). The IBF Fellow title recognises industry veterans who exemplify thought leadership and commitment to industry development.