Assistant Vice President, Specialist, Operational Risk Management, Firm-Wide, Risk Management Group DBS Bank

15.0 - 20.0 years

0 Lacs

maharashtra

On-site

The role of Risk Management Group at our organization involves collaborating closely with our business partners to effectively manage the bank's risk exposure. This is achieved by striking a balance between maximizing returns and maintaining an acceptable risk profile. As a team, we work alongside origination teams to offer financing, investments, and hedging opportunities to our customers. Investing significantly in our people and infrastructure is a key aspect of managing risk effectively and ensuring the success of our business. As a Risk Management professional, your primary responsibility will be to oversee the risk management process and frameworks within the bank. This includes facilitating the implementation and continuous monitoring of adherence to the DBS Group Operational Risk Management (ORM) Framework in the Business / Support units (BU/SU). By identifying, assessing, mitigating, measuring, monitoring, and reporting key operational risks, you will play a crucial role in maintaining a robust risk management system. Key responsibilities include maintaining strong relationships with Unit Operational Risk Managers (UORMs) of the BU/SU, highlighting potential operational risk and control issues to Risk Management Group (RMG) and line management of BU/SU, and contributing to departmental initiatives aimed at enhancing operational risk management through Data Analytics. Additionally, ensuring satisfactory ratings in audit reviews and compliance with regulatory requirements will be paramount. In your role, you will provide guidance, advice, and training to Business / Support units (BU/SU) on operational risk matters, including risk management processes that should be adopted by the units. Collaborating with relevant UORMs and facilitating the use of operational risk tools and methodologies such as Risk Event Reporting, Control Self-Assessment (CSA), and Key Risk Indicators (KRI) will be essential to identify, assess, and mitigate key operational risks effectively. Furthermore, you will liaise with partners in control and support functions like Credit, Compliance, and Legal to address operational risk issues across end-to-end processes. Managing and maintaining the Operational Risk Management System (ORMS) for regular risk reporting and analysis, conducting reviews on operational risk metrics, and assessing the adequacy of mitigants to identified risks will also be part of your duties. The ideal candidate for this role should hold an MBA/CA/CS qualification and have a minimum of 15-20 years of relevant experience in managing Operational Risk Management (ORM). This full-time position is based in Maharashtra, Mumbai, India, and offers a rewarding opportunity to contribute to the risk management function of our organization.,

Posted 1 month ago

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