Business Function
As the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. As a market leader in the consumer banking business, DBS has a full spectrum of products and services, including deposits, investments, insurance, mortgages, credit cards and personal loans, to help our customers realise their dreams and aspirations at every life stage. Our financial solutions are not only the best in the business they were made just right for you.
Job Purpose
Fulfil all responsibilities in relation to:
Act as the Operational Risk Manager, managing operational risks & events:
- Support UORM in managing the Operational Risk Landscape
- Co-ordinate audit and regulatory inspections
- Analyzing and reporting operational risk events, loss trends and root cause to CBG (Consumer Banking Group) / Support Unit management and relevant risk and control committees
Product/ Process Risk Reviews
- Facilitate NPA review and approval process for CBG products within the Country and Regional stakeholders
- Identification and running of theme-based reviews of the processes from Controls perspective
Risk And Control Self-Assessment
- Identify/update the scope of RCSA to be completed for CBG India across all products
- Conduct pre RCSA workshop and identify new risk and controls for CBG products
- Plan and implement the RCSA program across all areas within CBG
- Validate RCSA against actual risk event losses, KRI trends, audit and regulatory inspections
Key Accountabilities
- Identification of Legal and Compliance risks, mitigants and residual risks in co-ordination with the business & operations teams and facilitate the process of risk acceptance
- Co-ordinate with Legal and Compliance teams for necessary Regulatory compliance and communications. Represent CBG at the Country RGG
- Facilitate the business and operations team in establishing the risk framework for CBG and ensuring timely closures
- On Outsourcing risk review, Co-ordinate with local and regional stakeholders for impact assessment, site visits, ORR documentation and facilitate the sign-off process for the onboarding Eco partners
- Process governance including documentation of process maps, NPA and ORR documentation. Also includes audit co-ordination and reporting the project status to stakeholders
- Design and maintain risk management tools like Key Risk Indicators, loss database, scenario analysis, stress test, etc
- Conducting existing Policy & Process review at regular intervals in coordination with stakeholders
- Manage OR Incidents, Liaise with business for RCA, resolution and corrective action plan. Report OR Incident report to senior management
- Ensure timely deliverables for internal / external reports and ad-hoc assignments given by Governance Committees
Required Experience
- Individual contributor Minimum 07 12 years experience in banking, first line of defense (FLOD), continuous audits and process controls
- Intensive knowledge of Indian banking and regulatory guidelines
- Equipped with knowledge of Liability Products like CASA, Locker, TD
- Experience of multi-tasking, managing multiple stakeholders and independently having senior level interactions
Education / Preferred Qualification
- Graduate from a Recognized institute
Core Competencies
- Prior exposure to process writing, controls and governance
- Strong communication skills (written & verbal)
- Analytical skills
Technical Competencies
- Understand of Operational risk tools
- Strong knowledge of Presentation and data set creations
Work Relationship
- Will be working across verticals and liasioning with multiple stakeholders
- Will be reporting into Team Lead CBG BU Operational Risk Unit
DBS India - Culture & Behaviors
- Drive performance through Value Based Propositions
- Build pride and passion to protect, maintain and enhance DBS image and 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 and grow the talent pool
- Maintain the highest standards of honesty and integrity
Apply Now
We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements
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Primary Location
India-Maharashtra-Mumbai
Job
Risk Management
Schedule
Regular
Job Type
Full-time
Job Posting
Jun 20, 2024, 5:55:19 PM
