Assistant Vice President, Specialist, Operational Risk, Risk Management Group

DBS Bank; Mumbai; On-site; INR 2,000,000 - 3,000,000; Full time

Job summary

A leading bank in Mumbai is seeking an experienced Risk Management professional to manage and improve the operational risk management process. The ideal candidate will have 15-20 years of experience, including managing relationships with business units to ensure compliance with the operational risk framework. Responsibilities include facilitating risk assessments, maintaining the operational risk system, and conducting reviews of risk metrics. This is a full-time position with a focus on operational risk management.

Qualifications

• 15-20+ years relevant experience in managing Operational Risk Management (ORM).
• Strong understanding of risk management processes.
• Ability to facilitate engaging discussions with business units.

Responsibilities

• Facilitate implementation of the ORM Framework.
• Maintain relationships with UORMs and raise operational risk issues.
• Ensure satisfactory ratings in audit reviews.

Skills

Operational risk management

Data analytics

Risk assessment

Compliance management

Education

MBA/CA/CS

Job description

Business Function

Risk Management Group works closely with our business partners to manage the bank’s risk exposure by balancing its objective to maximize returns against an acceptable risk profile. We partner with origination teams to provide financing, investments and hedging opportunities to our customers. To manage risk effectively and run a successful business, we invest significantly in our people and infrastructure.

Job Purpose & Requirements

Effective management of the risk management process and frameworks of the bank.

Key Accountabilities

• Facilitate the implementation and ongoing monitoring of adherence to the DBS Group Operational Risk Management (ORM) Framework within the Business / Support units (BU/SU) that enables 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 using Data Analytics
• Ensure Satisfactory Ratings in Audit reviews and compliance to regulatory requirements

Job Duties & 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

Educational Qualification

• MBA/CA/CS

Experience

• 15-20+ years relevant experience in managing Operational Risk Management (ORM)

Primary Location

India-Maharashtra-Mumbai

Job

Risk Management

Schedule

Regular

Job Type

Full-time

Job Posting

Feb 16, 2026, 10:30:00 AM