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

Positive 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

📌 Vice President, Team Lead, Operational Risk Management, Risk Management Group (Mumbai)
🏢 DBS Bank
📍 Mumbai