Operational Risk Management Specialist

2 weeks ago

Mumbai, Maharashtra, India DBS Bank Full time

Operational Risk Management Role Overview

DBS 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 independent validation exercise of RCSA's for various Ops units.
  • Supervise various process reviews and collaborate with units to ensure risk is mitigated in operational processes.
  • High Rated employee in current role with experience of 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 their queries pertain to processes and accounts.
  • Review New Product Approvals/ Outsourcings and identify risks/ co-ordinate with various stakeholders and highlight risks.
  • Liaison 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.
  • To be responsible for providing risk support in the management of incidents to minimise risk/loss and to identify, analyse 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.
  • To manage the Risk Based Supervision Audit for Technology and Operations (T&O)
  • To perform the analysis of various requirements and correlate the purpose of data asked.
  • Work on the automation of RBS requirement for Technology and Operations.
  • Track the new RBI guidelines and ensure the implementation in T&O.

Requirements:

  • Prior experience in Operational Risk, Internal Audit, Governance & Control team.
  • Essential
  • 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 Power point, Visio, Excel and Word
  • Able to work independently with strong teamwork values

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

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