VP, Operational Risk Manager, Risk Management Group

DBS Bank Ltd; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

DBS Bank Ltd in Singapore seeks an Operational Risk Manager to provide objective review and challenge to business units and ensure operational risk is properly identified, managed and resilient.

You will deliver Line 2 risk oversight for assigned lines, monitor risk metrics, lead thematic reviews and develop risk policies and mitigation programmes.

Requirements include a university degree, 8+ years in banks, strong communication, data-driven problem solving and stakeholder influence.

Qualifications

• At least 8 years in banks or financial institutions.
• Strong understanding of operational risk concepts, metrics and tools.
• Excellent communication and stakeholder management skills.
• Ability to lead risk reviews and drive remediation efforts.

Responsibilities

• 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

Skills

Risk management

Communication skills

Analytical thinking

Data analysis

Stakeholder management

Team player

Change management

Problem solving

Education

Bachelor's degree in finance or related field

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.

Responsibilities

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

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