Team Lead, Operational Risk Management, Consumer Banking Group

Business Function

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

The candidate in this role will own (design, implement, improve, monitor and steer other teams & vendors) the overall governance & controls framework across all products, channels and services of Consumer bank. S / he will ensure internal and pertinent local / global regulatory guidelines are implemented or reporting’s are done by teams concerned in time and with the desired quality. As a gatekeeper for all regulations & controls, this person will ensure operational risk identification, periodic management awareness & management as well.

Key Accountabilities

• Act as the CBG Unit Operations Risk Manager, managing operational risks & events :
• Enhance risk governance at CBG India by facilitating various Committees within the unit and providing due representation in governance committees across the bank.
• Ensure timely implementation of operational risk policies, standards and guides
• Develop and ensure timely implementation of unit specific operational risk policies, standards and procedures
• Review and ensure approvals are obtained for deviations from corporate operational risk policies and standards
• Co-ordinate audit and regulatory inspections
• Ensure timely reporting of Ops risk events and the completeness and correctness reporting being done in accordance with Group’s reporting and classification standards
• Reviewing & providing advisory guidance on the appropriateness of risk mitigating measures / plans
• Analyzing and reporting operational risk events, loss trends and root cause to CBG / SU management and relevant risk and control committees.
• Key Risk Indicators monitoring.

Job Duties & Responsibilities

Risk and Control Self Assessment

Governance of Partnership tie-up

Product / Process Risk reviews

Business Risk Management

Pro-active audits to ensure the best possible audit rating

Business Continuity Management

Stakeholder Talent Management

Required Experience

Education / Preferred Qualifications

Core Competencies

Technical Competencies