SVP, Operational Risk Management Team Lead, Wealth Management COO Office, Consumer Banking Group

DBS; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading financial institution in Singapore is seeking a strategic leader for its Wealth Management Operational Risk Management function. The ideal candidate will manage risk processes, uphold regulatory compliance, and foster a high-performing team. With at least 15 years of experience in the financial services industry and a Bachelor's degree in a related field, you will ensure effective governance and continuous improvement. A focus on communication and innovative problem-solving is essential. This role offers a competitive salary and benefits package.

Benefits

Competitive salary

Benefits package

Dynamic work environment

Qualifications

• Minimum of 15 years of experience in operational and regulatory risk management.
• Expertise in regulatory requirements like CRS and FATCA.
• Ability to lead and develop high-performing teams.

Responsibilities

• Lead and develop a team in risk management processes.
• Drive process improvements for operational efficiency.
• Ensure compliance with regulatory requirements.

Skills

Leadership and coaching

Risk management

Data analysis

Communication skills

Problem-solving

Education

Bachelor's Degree in Banking, Finance, Business, or related field

Job description

Job Description

As the leading bank in Asia, DBS Consumer Banking Group is in a unique position to help our customers realise their dreams and ambitions. As a market leader in the consumer banking business, DBS has a full spectrum of products and services, including deposits, investments, insurance, mortgages, credit cards and personal loans, to help our customers realise their dreams and aspirations at every life stage. Our financial solutions are not only the best in the business – they were made just right for you.

Job Purpose

You will be a strategic leader responsible in driving robust risk management and control processes across the Wealth Management business. You will lead a portfolio of operational, regulatory, and conduct risk management activities, ensuring the Wealth Management operational risk framework aligns with all regulatory requirements and internal policies. This role demands a proactive leader capable of identifying systemic risks, driving effective remediation strategies, and continuously enhancing governance.

Responsibilities

• Lead, coach, and develop a high-performing team to uphold the highest standards of integrity and trust within the Wealth Management Operational Risk Management function.
• Drive continuous process improvements within the team to strengthen controls, enhance operational efficiency, and ensure the timely prioritization and delivery of tasks in alignment with business objectives.
• Ensure adherence to key regulatory requirements, including CRS, FATCA, and the US Persons regime, through effective implementation and oversight.
• Manage and enhance regulatory reporting processes, ensuring data quality, timeliness, and accuracy of submissions through rigorous data validation, reconciliation, and robust internal controls.
• Foster cross-functional collaboration with various teams to facilitate the accurate interpretation and effective implementation of laws and regulations.
• Conduct comprehensive risk assessments and provide expert advisory to ensure robust operational and regulatory risk management across Wealth Management.
• Establish and implement strong governance processes to maintain high standards of staff conduct within Wealth Management, including the application of consequence management practices.
• Promote a strong risk and control culture by developing and delivering training programs and facilitating the sharing of learnings and best practices.
• Oversee middle office support for the External Asset Management and Business Introducer business.

Requirements

• Background: Bachelor's Degree in Banking, Finance, Business, or a related field.
• Minimum of 15 years of progressive experience in operational and regulatory risk management within the financial services industry.
• In-depth knowledge and proven subject matter expertise in regulatory requirements such as CRS, FATCA, and the US Persons regime.
• Proven track record of leading, coaching, and developing high-performing teams.
• Demonstrated ability to leverage data and analytics to drive insights, solve complex problems, and secure stakeholder buy-in.
• Exceptional communication and facilitation skills, with a proven ability to collaborate and influence stakeholders at all levels.
• Positive attitude towards change, continuously seeking innovative and efficient ways to achieve objectives and challenge the status quo.
• Strong interest in staying abreast of the latest regulations and emerging risk trends to maintain relevance in a dynamic financial landscape.
• Self-driven individual capable of balancing creative thinking with pragmatic solutions.
• Excellent organizational, problem-solving, interpersonal, and operational skills.

Apply Now

We offer a competitive salary and benefits package and the professional advantages of a dynamic environment that supports your development and recognises your achievements.