Vice President, Specialist, Model and Data Risk, Audit

DBS Bank Ltd; Mumbai City; On-site; INR 6,000,000 - 9,500,000; Full time

Job summary

DBS Bank Ltd in Mumbai seeks an experienced Audit professional to lead risk-based internal audits of Treasury & Markets, ALM, Market and Liquidity risk areas. You will apply data analytics to test large datasets and strengthen governance across banking processes.

The ideal candidate has over 10 years in Internal Audit, with deep knowledge of Market and Liquidity risk, regulatory standards, and advanced analytics using Python/SQL/R.

Qualifications

• Bachelor’s/University degree in Banking/Finance; Master’s preferred
• CA and related certifications (CFA/FRM/CQF) preferred
• Deep technical understanding of Treasury risk, market risk, liquidity frameworks and financial markets products
• hands-on experience in Model Risk Management (MRM) or auditing AI/ML models is 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 models for pricing, valuation, credit risk, and capital forecasting.
• AI & GenAI Governance & Risk Assurance: Review controls, data lineage, prompt engineering governance, and RAG architectures.
• Regulatory Alignment: Assess RBI guidelines, Basel III, and supervisory expectations for risk management and model validation.
• Stakeholder Engagement: Work with CROs, Treasury heads, and model teams to communicate findings and remediation plans.
• Data-Driven Audit Innovation: Use Python, SQL, and R to run tests across core banking data and automate workflows.

Skills

Audit Leadership

Risk Management

Stakeholder Engagement

Regulatory Knowledge

Internal Audit

Education

Bachelor's degree in Banking/Finance

Master's degree preferred

CA/CFA/FRM/CQF 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 Group’s 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 company’s 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, responsibilities and Requirements:

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).

Location:

Mumbai

Job:

Audit

Schedule:

Regular

Employee Status:

Full time