DBS Bank
Website:
dbs.com
Company:
https://www.linkedin.com/company/dbs-bank
Seniority: Not Applicable
Industries: Banking
Job details:
Job Purpose:
To assist the Head, RMG - Operational Risk (India) and lead the team in driving an effective and efficient operational risk programme across the Business & Support Units of DBS Bank, India.
Key accountabilities:
- Lead and oversee the team's efforts in facilitating the implementation and ongoing monitoring of adherence to the DBS Group Operational Risk Management (ORM) Framework within the Business / Support units (BU/SU), enabling identification, assessment, mitigation, measurement, monitoring, and reporting of key operational risks.
- Maintain key relationships with UORMs of the BU/SU and raise potential operational risk and control issues to RMG and line management of BU/SU.
- Contribute to department initiatives to improve the management of operational risk, including assisting to implement best practices.
- Keep abreast of own professional development to enhance own skills and competence.
Job duties and responsibilities:
- Provide advice, guidance and training to the Business / Support units (BU/SU) on operational risk matters including risk management processes, where applicable, for adoption by the units
- Engage with relevant business/support units’ UORM, facilitating the use of relevant operational risk tools and methodologies, including Risk Event Reporting, Control Self Assessment (CSA), Key Risk Indicators (KRI), etc to enable the units to identify, assess and mitigate key operational risks
- Liaise with relevant business/support units’ partners in the various control and support functions e.g. Credit, Compliance, Legal, etc in addressing operational risk issues arising in the end-to-end processes
- Manage and maintain the ORMS system that enables regular risk reporting and analysis and liaise with internal support parties (eg ORMS support)
- Conduct reviews on operational risk metrics (Risk Events, CSA, KRI, etc) as appropriate, including the responses and action plans and assessing the effectiveness of these as adequate mitigants to the risks identified.
Requirements:
Atleast 10-12 years of experience in financial institutions, with exposure to risk and control areas. Prior experience in Operational Risk Management (ORM) and familiarity with ORM concepts, policies, tools, MIS and reporting would be a distinct advantage.
Education / Preferred qualification:
- University graduate, with major study in finance, business administration, accountancy or economics.
- Post-graduate / MBA preferred
Core Competencies:
- Excellent communication and inter-personal skills, with the ability to influence and collaborate with stakeholders at all levels.
- Good communication and inter-personal skills, with ability to work with people at different levels
- Good written and oral communication skills.
Technical Competencies:
- General knowledge of banking products/services, activities and operations in commercial and consumer banking
- Analytical and able to identify potential operational risk exposures in business activities, and assess the appropriateness and adequacy of mitigating controls .
- Proficiency in operational risk management tools and systems.
Work Relationship:
- Ability to work with business/support units in the rollout of various operational risk management processes
- Must be a team player with ability to work professionally with team members and workgroups formed with other business/support units
- Willing to share knowledge and experience with other members of the team.
DBS India - Culture and behaviours:
- Drive Performance Through Value Based Propositions
- Ensure Customer Focus by Delighting Customers & Reduce Complaints
- Build Pride and Passion to Protect, Maintain and Enhance DBS’ Reputation
- Enhance Knowledge Base, Build Skill Sets & Develop Competencies
- Invest in Team Building & Motivation through Ideation & Innovation
- Execute at Speed While Maintaining Error Free Operations
- Develop a Passion for Performance to Grow Talent Pool
- Maintain the Highest Standards of Honesty and Integrity
Location:
Mumbai
Job:
Risk Management
Schedule:
Regular
Employee Status:
Full time
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