Vice President - Operational Risk - Risk Management Group - DBS Bank - Singapore

Job description
DBS is a leading financial services group in Asia, with over 250 branches across 17 markets. Headquartered and listed in Singapore, DBS is a market leader in Singapore with over four million customers and also has a growing presence in the three key Asian axes of growth, namely, Greater China, Southeast Asia and South Asia. The bank's strong capital position, as well as "AA-" and "Aa1" credit ratings that are among the highest in the Asia-Pacific region, earned it Global Finance's "Safest Bank in Asia" accolade for five consecutive years from 2009 to 2013.

Business Function

We work closely with our business partners to manage the bank’s risk exposure and to maximize returns against an acceptable risk profile.

Job Purpose

Assist the Board and senior management in driving an effective and efficient operational risk programme across the DBS Group so as to promote the safety and soundness of our operating environment.

Responsibilities

Provide advice, guidance and training to the business/support units and subsidiaries on operational risk matters including risk management structure and processes, driving operational risk initiatives, tailoring of Group policies, where applicable for adoption at the units
Engage with relevant business/support units’ management teams and participate in business control committees (or equivalent) in raising risk issues arising in the end-to-end processes
Participate in major change initiatives of the business/support units (including new product/service and outsourcing), providing inputs to mitigate operational risks
Liaise with relevant business/support units’ partners in the various control and support functions e.g. Credit, Compliance, Legal, etc in addressing operational risk issues arising in the end-to-end processes
Conduct reviews on operational risk metrics (risk events, CSA, KRIs, etc) including the responses and action plans, and assessing the effectiveness of these as adequate mitigants to the risks identified
Identify and alert senior/unit management of systemic operational risk issues/emerging trends across businesses, whilst ensuring that there are appropriate preventive/detective controls in place

Requirements

Degree qualification with major study in finance, business administration, accountancy or economics
At least 8 years of experience in financial institutions, with exposures to risk and control areas; prior experience in banking operations and middle office would be an advantage
Good presentation and inter-personal skills, with ability to work with people of different levels
Excellent written and oral communication skills
Good project management skills

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