Vice President, Markets and Risk Audit Function, Group Audit

DBS Bank Ltd; Mumbai; On-site; INR 4,000,000 - 6,000,000; Full time

Job summary

DBS Bank Ltd. seeks an advanced Internal Audit professional with deep Treasury and Markets risk expertise to lead end-to-end audits and advance analytics governance. The role focuses on ALM, Market Risk, Liquidity Risk, and regulatory alignment, with strong engagement across CROs and treasury teams.

The candidate will leverage Python, SQL, and R for data-driven audits, including AI risk governance and model validation. Ten-plus years in IA preferred, with CA and CFA/FRM/CQF a plus.

Qualifications

• Experience: 10+ years in Internal Audit (IA) conducting Treasury & Markets and Risk Functions audits.
• Chartered Accountant and related certifications (CFA, FRM or CQF) preferred.
• Deep technical understanding of Treasury risk, market risk management, liquidity frameworks, and financial markets products.
• Hands-on experience in Model Risk Management (MRM) or auditing algorithmic/machine learning models; AI risk governance and data risk exposure are mandatory.

Responsibilities

• Audit Oversight & Execution: lead end-to-end risk-based internal audits covering Treasury operations, ALM, Market Risk, and Liquidity Risk frameworks.
• Model Risk & Advanced Analytics Audit: evaluate conceptual soundness, performance monitoring, and governance of quantitative models.
• AI & GenAI Governance & Risk Assurance: review controls, data lineage, prompt engineering governance, and RAG architectures in banking use cases.
• Regulatory Alignment: assess adherence to RBI guidelines, Basel III, and supervisory expectations for risk management and model validation.
• Stakeholder Engagement: collaborate with CROs, Treasury heads, and model development teams to communicate findings and remediation plans.
• Data-Driven Audit Innovation: leverage Python/SQL/R to perform continuous auditing and test large datasets.

Skills

Treasury & Markets Audit

Market Risk Audit

Liquidity Risk Audit

Capital Adequacy

Model Risk Management (MRM)

AI Governance

GenAI Governance

Python

SQL

R

Education

Bachelor's/University degree in Banking/Finance or related discipline

Master's degree preferred

Tools

Python

SQL

R

Job description

Business Function

Group Audit helps the Board and Executive Management meet the strategic and operational objectives of the DBS Group. We conduct independent checks to ensure that the Groups risk and control processes are adequate and effective. All our team members are highly sought-after professionals who work as trusted advisors to our clients, in all matters related to a companys internal controls.

In this function, we look after a portfolio made up of Treasury & Markets business, Risk functions (including Market, Liquidity and Operational risk management) audit coverage.

Skills and responsibilities:

Subject matter expertise in the areas of Treasury and markets/ Market Risk/ Liquidity risk/Capital Adequacy:

• Audit Oversight & Execution: Lead end-to-end risk-based internal audits covering Treasury operations, Asset-Liability Management (ALM), Market Risk (VaR, stress testing, interest rate risk), and Liquidity Risk frameworks (LCR, NSFR).
• Model Risk & Advanced Analytics Audit: Evaluate the conceptual soundness, performance monitoring, and governance of quantitative models used for pricing, valuation, credit risk, and capital forecasting.
• AI & GenAI Governance & Risk Assurance: Review controls, bias mitigation, data lineage, prompt engineering governance, and retrieval-augmented generation (RAG) architectures deployed across banking use cases.
• Regulatory Alignment: Assess adherence to Reserve Bank of India (RBI) guidelines, Basel III frameworks, and evolving supervisory expectations regarding risk management, model validation, and automated decision-making systems.
• Stakeholder Engagement: Partner with Chief Risk Officers (CROs), Treasury heads, and model development teams to communicate audit findings, negotiate practical remediation plans, and track issues to closure.
• Data-Driven Audit Innovation: Leverage modern data analytics tools (Python, SQL, R) to execute continuous auditing, test large datasets within core banking systems, and automate audit workflows.

• Qualifications:
• Bachelor's/University degree (Banking/Finance Management or in any other related discipline), Master's degree preferred
• Chartered Accountant and related certifications (CFA, FRM or CQF) preferred
• Core Domain Expertise: Deep technical understanding of Treasury risk, market risk management, liquidity frameworks, and financial markets products. Experience auditing financial markets/trading desks is a strong advantage.
• Advanced Risk Competency: Demonstrable hands-on experience in Model Risk Management (MRM) or auditing algorithmic/machine learning models. Direct involvement in reviewing AI or Generative AI risk governance, model validation, or data risk is a mandatory key requirement.

Experience: above 10 years’ relevant experience within Internal Audit (IA) in conducting Treasury & Markets and Risk Functions audits (preferably in Market and Liquidity risk audit domain).