Risk Management Group – Operational Risk Manager

DBS Bank Ltd; Singapore; On-site; SGD 150,000 - 210,000; Full time

Job summary

DBS Asia Central is seeking an experienced Operational Risk Manager within Risk Management Group – Operational Risk (RMG-OR). You will provide independent review and challenge to ensure processes and controls adequately address operational risk and resilience across units.

The role requires 8+ years in banking, strong communication, and ability to lead risk initiatives, develop policies, and drive risk culture. Regular schedule, full-time employment in Singapore.

Qualifications

• University degree or equivalent, with major study in finance, accounting, business and/or technology.
• At least 8 years of working experience in banks or financial institutions, with good understanding of operational risk.
• Aptitude and experience in risk and control related roles in first, second or third lines of defence and familiar with operational risk management concepts and tools
• Strong communication and facilitation skills; able to work with and influence stakeholders at all levels
• Strong analytical and problem-solving capabilities with affinity to using data to solve problems
• An analytical thinker with good risk sense and affinity to using data to solve problems
• Team player who can persuade/influence others to achieve the operational risk management objectives
• Positive attitude to change, constantly looking for better ways to get things done and to challenge status quo
• Self-driven and able to balance creative and pragmatic approaches

Responsibilities

• Provide objective review and challenge to the units to ensure operational risk is adequately and effectively identified, assessed and managed.
• Conduct independent assessment and monitoring of operational risk by reviewing risk metrics and assessing systemic risk concerns.
• Conduct thematic risk reviews to identify major areas of risks and control improvements.
• Develop and maintain operational risk polices and mitigation programmes.
• Develop and implement initiatives to enhance risk culture and awareness in the units.
• Drive/lead changes in various risk tools to improve operational risk management.
• Participate in the team’s ongoing projects and initiatives, including risk culture and conduct initiatives.

Skills

Strong communication

Analytical thinking

Team player

Risk management

Education

University degree or equivalent

Job description

Business Function

Risk Management Group – Operational Risk (RMG-OR) develops and maintains the Bank's risk management and internal control frameworks. As a second line function, we provide independent review and challenge to the business and support units to ensure a proper balance between risk and return in decision-making. RMG also monitors and reports on key risk issues of the Bank and apprises management and risk committee(s) of the overall operational risk profile. Our commitment to effective risk management is supported by significant investments in our personnel and infrastructure, contributing to the Bank's strong performance.

Responsiblities

As an Operational Risk Manager, you will be accountable for providing objective review and challenge to the business units and support units to ensure operational risk is adequately and effectively managed and ensure operational resilience within the units.

The incumbent will provide Line 2 independent risk oversight for the specific lines of business and/or support units he/she is assigned to:

• - Provide advice, objective review and challenge to the units to ensure operational risk is adequately and effectively identified, assessed and managed, and ensure operational resilience within units
• - Conduct independent assessment and monitoring of operational risk by reviewing operational risk metrics (risk events, risk & control self-assessment results, key risk indicators, etc), and assessing if there are systemic/thematic risk concerns that warrant deeper analysis and escalation to senior management
• - Conduct thematic risk reviews to identify major areas of risks and control improvements
• - Develop and maintain operational risk polices and mitigation programmes
• - Develop and implement initiatives (such as training programme and communication/ awareness activities) to enhance risk culture and awareness in the units
• - Drive/lead changes in various risk tools to improve operational risk management
• - Participate in the team’s ongoing projects and initiatives, including risk culture and conduct initiatives

Requirements

• - University degree or equivalent, with major study in finance, accountancy, business and/or technology
• - At least 8 years of working experience in banks or financial institutions, with good understanding of operational risk, banking products and processes
• - Aptitude and experience in risk and control related roles in first, second or third lines of defence and familiar with operational risk management concepts and tools
• - Strong communication and facilitation skills; able to work with and influence stakeholders at all levels
• - Strong analytical and problem-solving capabilities with affinity to using data to solve problems
• - An analytical thinker with good risk sense and affinity to using data to solve problems
• - Team player who can persuade/influence others to achieve the operational risk management objectives
• - Positive attitude to change, constantly looking for better ways to get things done and to challenge status quo
• - Self-driven and able to balance creative and pragmatic approaches

Location:

DBS Asia Central

Job:

Risk Management

Schedule:

Regular

Employee Status:

Full time