Operational Risk Management Specialist

4 weeks ago

Mumbai, Maharashtra, India DBS Bank Full time

Job Summary

We are seeking a highly skilled Operational Risk Management Specialist to join our Technology and Operations team at DBS Bank. As a key member of our team, you will be responsible for building and driving the implementation of first-line defense to proactively manage operational risk within T&O.

Key Responsibilities

  • Perform independent validation exercises of RCSAs for various Ops units, ensuring design effectiveness and sample testing.
  • Supervise process reviews and collaborate with units to mitigate risk in operational processes.
  • Highly rated employee with experience in Ops, Ops risk, and Audit.
  • Supervise reporting of KRI's and various risks-related reports.
  • Supervise data analytics for management overview.
  • Guide and help Operations units and branches by resolving queries related to processes and accounts.
  • Review New Product Approvals/Outsourcings and identify risks/co-ordinate with stakeholders and highlight risks.
  • Liaise with Regional counterparts for implementation of best risk practices.
  • Conduct Local Forums to ensure Management oversight to risk items and similar forums for dissemination of information to T&O staff.
  • Ensure timely reporting/escalating of risk events/significant incidents via reporting requirements with respective units and tracking & monitoring and timely issue resolution.
  • Investigate and supervise root cause analysis for risk incidents and events arising out of operational lapses/frauds (internal/external)/application issues and process gaps.
  • Provide risk support in the management of incidents to minimize risk/loss and identify, analyze, and report control metrics on a timely basis.
  • Perform thematic reviews to identify gaps and advise solutions to mitigate the gaps.

Risk-Based Supervision

  • Review compliance to regulatory guidelines.
  • Manage the Risk-Based Supervision Audit for Technology and Operations (T&O).
  • Perform analysis of various requirements and correlate the purpose of data asked.
  • Work on the automation of RBS requirements for Technology and Operations.
  • Track new RBI guidelines and ensure implementation in T&O.

Requirements

  • Essential:
  • Prior experience in Operational Risk, Internal Audit, Governance & Control team.
  • Desirable:
  • Experience of min 5 years in an Audit or related function.

Core Competencies

  • Strong planning, organizational, and analytical skills.
  • Attention to detail and accuracy.
  • Effective problem-solving skills.
  • Computer literate, with a good understanding of Microsoft PowerPoint, Visio, Excel, and Word.
  • Able to work independently with strong teamwork values.
  • Desirable:
  • Good inter-personal and communication skills.
  • Able to work independently and have initiative to plan and prepare work tasks in advance.

Technical Competencies

  • Operational Risk policy & procedures.
  • Regulatory guidelines (RBI & other local regulators).
  • Information Security guidelines.

Work Relationship

  • Collaboration with all units of the bank and working in a cohesive manner.
  • Working relationship with T&O Risk Mgt, Corporate Security, Information Security, Group Compliance, Group Risk, Group Legal, Group Audit, Group Business Continuity Management, and other Business Units and vendors.

DBS India - Culture & Behaviors

  • DBS is committed to building a culture where all employees are valued, respected, and their opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working, and opportunities to grow within an inclusive and diverse environment. Expected value-driven behaviors are:
  • Demonstrate Business Performance through PRIDE Value-Based Propositions.
  • Ensure Customer Focus by Delighting Customers & Reduce Complaints.
  • Build Pride and Passion to Protect, Maintain, and Enhance DBS' Reputation.
  • Enhance Self-Knowledge, Skills, and develop Competencies aimed at continuous improvement.
  • Maintain the Highest Standards of Honesty and Integrity.

  • Risk Management Specialist

    3 weeks ago

    Mumbai, Maharashtra, India Ananta Resource management Full time

    Job SummaryWe are seeking a highly skilled Risk Management Specialist to join our team at Ananta Resource Management. The successful candidate will be responsible for conducting internal audits of our financial, operational, and compliance processes to assess internal controls and identify areas for improvement.Key Responsibilities- Develop and execute...

  • Operational Risk Management Specialist

    4 weeks ago

    Mumbai, Maharashtra, India DBS Bank Full time

    Job Title: Operational Risk Management SpecialistDBS Bank is seeking an experienced Operational Risk Management Specialist to join our team in India. As a key member of our Risk Management Group, you will play a critical role in managing the bank's risk exposure and ensuring the effective implementation of our Operational Risk Management (ORM) Framework.Key...

  • Operational Risk Management Specialist

    4 weeks ago

    Mumbai, Maharashtra, India DBS Bank Full time

    Job Title: Operational Risk Management SpecialistDBS Bank is seeking an experienced Operational Risk Management Specialist to join our team in India. As a key member of our Risk Management Group, you will play a critical role in managing the bank's risk exposure and ensuring the effective implementation of our Operational Risk Management (ORM) Framework.Key...

  • IT Auditor

    3 weeks ago

    Mumbai, Maharashtra, India Trans Management Consultant Full time

    **Job Title:** IT Auditor - Risk Management Specialist**Job Summary:**We are seeking a highly skilled IT Auditor - Risk Management Specialist to join our team at Trans Management Consultant. The successful candidate will be responsible for leading audit execution covering end-to-end processes of auditable entities within the IT and Cyber security Inspection...

  • Operational Risk Management Specialist

    4 weeks ago

    Mumbai, Maharashtra, India DBS Bank Full time

    Job Title: Operational Risk Management SpecialistJob Summary:We are seeking a highly skilled Operational Risk Management Specialist to join our team in Group Technology and Operations. The successful candidate will be responsible for building and driving the implementation of first line of defense to proactively manage operational risk within T&O.Key...

  • Risk Management Specialist

    4 weeks ago

    Mumbai, Maharashtra, India M&G Full time

    Job Title: Risk Management SpecialistWe are seeking a highly skilled Risk Management Specialist to join our team at M&G Global Services. As a Risk Management Specialist, you will be responsible for managing and mitigating operational risk in the financial services industry.Key Responsibilities:Develop and implement risk management strategies to mitigate...

  • Risk Management Specialist

    1 day ago

    Mumbai, Maharashtra, India Ananta Resource management Full time

    Ananta Resource Management is seeking a skilled Risk Management Specialist to join our team. Key responsibilities include:• Conducting internal audits to assess internal controls and identify areas for improvement.• Developing and executing risk-based audit plans in collaboration with management.• Performing detailed testing of controls and procedures...

  • Operational Risk Management Specialist

    2 weeks ago

    Mumbai, Maharashtra, India DBS Bank Full time

    Operational Risk Management Role OverviewDBS Bank is looking for an experienced Operational Risk Management Specialist to join our Group Technology and Operations team. The ideal candidate will have a strong background in operational risk management, with expertise in risk governance, risk based supervision, and risk analytics. Key Responsibilities:Perform...

  • Operational Risk Management Specialist

    2 weeks ago

    Mumbai, Maharashtra, India DBS Bank Full time

    Job SummaryWe are seeking a highly skilled Operational Risk Management Specialist to join our team at DBS Bank. As a key member of our Group Technology and Operations (T&O) team, you will play a critical role in building and driving the implementation of first-line defense to proactively manage operational risk within T&O.Key ResponsibilitiesPerform...

  • Risk Management Specialist

    4 weeks ago

    Mumbai, Maharashtra, India 12542 Citicorp Services India Private Limited Full time

    Job Title: Risk Management SpecialistCiti is seeking a highly skilled Risk Management Specialist to join our team in India. As a Risk Management Specialist, you will play a critical role in ensuring the effective management of risk across our business operations.Key Responsibilities:Develop and implement risk management frameworks and policies to ensure...

  • Risk Management Specialist

    2 weeks ago

    Mumbai, Maharashtra, India Finquest Group Full time

    Risk Management SpecialistWe are seeking a highly skilled Risk Management Specialist to join our team at Finquest Group. The ideal candidate will have a strong understanding of risk identification and assessment, as well as experience in evaluating existing policies and procedures to mitigate identified risk.Key Responsibilities:Evaluate existing policies...

  • Risk Management Specialist

    3 weeks ago

    Mumbai, Maharashtra, India Coface Full time

    Risk Management SpecialistCoface is seeking a highly skilled Risk Management Specialist to strengthen our risk management framework and safeguard the company against potential risks.As a key member of our team, you will play a crucial role in ensuring the stability and profitability of our operations by identifying emerging risks, monitoring the...

  • Operational Risk Specialist

    3 weeks ago

    Mumbai, Maharashtra, India DBS Bank Full time

    Job SummaryWe are seeking a highly skilled Operational Risk Specialist to join our team at DBS Bank. The successful candidate will be responsible for building and driving the implementation of first line of defense to proactively manage operational risk within Technology and Operations.Key ResponsibilitiesPerform independent validation exercises of RCSA's...

  • Risk Management Specialist

    4 weeks ago

    Mumbai, Maharashtra, India 9478 Deutsche India Private Limited Full time

    About the RoleWe are seeking a highly skilled Risk Management Specialist to join our team at Deutsche India Private Limited. As a Risk Management Specialist, you will be responsible for analyzing and managing risk across various business lines, including market risk, credit risk, and operational risk.Key ResponsibilitiesPerform analysis of credit risk of...

  • Risk Management Specialist

    3 weeks ago

    Mumbai, Maharashtra, India Outsized India Private Limited Full time

    Risk Management Specialist - Wholesale Banking - Consulting Firm - Contractual Role At Outsized, we partner with clients in financial services and management consulting to connect them with high-quality independent consultants and boutique/specialist firms for the execution of their key projects.Our client is a leading consulting firm in the Middle East...

  • Risk Management Specialist

    4 weeks ago

    Mumbai, Maharashtra, India Riverforest Connections Private Limited Full time

    Job DescriptionRole SummaryWe are seeking a highly skilled Risk Management Specialist to join our team at Riverforest Connections Private Limited. The successful candidate will be responsible for ensuring the effective implementation of our Operational Risk framework and providing expert guidance on risk management practices.Key ResponsibilitiesCollaborate...

  • Financial Risk Management Specialist

    6 days ago

    Mumbai, Maharashtra, India 23443 Citibank N.A. India - INR CCY Full time

    Citi is seeking a highly skilled Financial Risk Management Specialist to join our team in India. As a key member of our Internal Audit function, you will play a crucial role in identifying and mitigating financial risks across our global operations.About the Role:As a Financial Risk Management Specialist, you will be responsible for:Conducting in-depth...

  • Payments Risk Operations Specialist

    6 days ago

    Mumbai, Maharashtra, India Etraveli Group Full time

    Etraveli Group, a leading tech solutions provider, seeks a skilled Payments Risk Operations Specialist to protect its financial interests and maintain customer satisfaction.As a Payments Risk Operations Specialist, you will be responsible for identifying and mitigating potential financial risks, utilizing a range of fraud prevention systems and tools. Your...

  • Risk Management Specialist

    4 weeks ago

    Mumbai, Maharashtra, India Riverforest Connections Private Limited Full time

    Job DescriptionJob Title: AMManagerAVP - WM - Internal Control OfficerGlobal DeliveryCenterJob Summary:We are seeking a highly skilled and experienced Risk Management Specialist to join our team at Riverforest Connections Private Limited. The successful candidate will be responsible for ensuring the effective implementation of our Operational Risk framework,...

  • Senior Risk Management Specialist

    3 weeks ago

    Mumbai, Maharashtra, India M&G Full time

    Job Title: Senior Risk Management SpecialistWe are seeking a highly skilled and experienced Senior Risk Management Specialist to join our team at M&G Global Services.Key Responsibilities:Develop and implement effective risk management strategies to mitigate operational risk in the financial services industry.Collaborate with cross-functional teams to...